Insurance moves: Ascot, Everest, MSIG USA, Starr, Paragon, Corgi, More
Ascot splits into two divisions and hires AIG's Chris Flatt for a new consumer unit, as Everest, MSIG USA and Starr fill senior roles
Insurance News
Lotte Non-Life eyes mid-October open sale, awaits bidders: report
Industrial Bank of Korea and Heungkuk Fire & Marine Insurance are seen as potential bidders in the new auction, according to Maeil Business. The post Lotte Non-Life eyes mid-October open sale, aw
Simon Global launches Singapore-based reinsurance broker
Upon completion of its registration with the Monetary Authority of Singapore, SG Re will focus primarily on treaty reinsurance business across Asia, with particular emphasis on Japan, South Korea and
Tooker to Succeed Swift as CEO of The Hartford
The Hartford President A. Morris “Mo” Tooker is to succeed Christopher Swift as CEO in March 2027. Swift will transition to the role of executive chair of the board after nearly 13 years a
McKinsey Rebukes Partner Who Questioned Challenges Facing Women CEOs
A McKinsey & Co. senior partner’s online comments questioning some challenges that women leaders face in the workplace have prompted a rebuke from his employer. McKinsey said it was “d
Unrated reinsurers creep into $30-billion US fronting market
AM Best flags credit risk as fronting carriers lean on unauthorized and offshore reinsurance to support MGA growth
No insurer has rebuilt distribution around AI, KPMG survey finds
Insurance leaders rate their AI progress highly, but spending remains fixed on back-office savings rather than the broker-facing parts of the business.
Micro accounts emerge as growth target in $158 billion US small commercial market - study
Research finds carriers chasing small commercial growth must pick their segments carefully, with agents still central to placing complex risks
Florida Agents Appointed With Citizens Drops as Carrier Competition Grows
In another indicator of Florida moving back to a mostly market-based property insurance system, the number of insurance agents and agencies appointed with Citizens Property Insurance has dropped in th
Six Flags Closes California Roller Coaster Targeted by Lawsuits
Six Flags Entertainment Corp. is permanently retiring the X2 roller coaster, which has been the subject of lawsuits alleging that the ride caused brain injuries. “While X2 consistently passed a
Australian regulator flags ‘disaster chasers’, code of practice overhaul as 2026-27 insurance priorities
Australian Securities and Investments Commission also reaffirms its focus on motor insurance premium disclosure and its oversight of cash settlements in home building insurance. The post Australian re
Flood insurance is vanishing where the water is rising fastest
Properties at severe risk outnumber federal flood policies more than three to one, and the gap is widest in poorer inland communities that FEMA's maps miss
Mexico’s Journalists Have Long Faced Bullets. Now Lawsuits Against Them Are Rising.
Politicians and judges are increasingly attempting to shut down press freedoms in Mexico, raising concerns among journalism watchdog groups. In 2025, a new lawsuit against journalists or media outlets
Marsh promotes Thailand’s Derek Heng to Asean CEO, Peta Latimer takes Singapore helm
Heng will continue in his role as Thailand CEO, while Latimer will retain her responsibilities as president of the people and investments business in Asia. The post Marsh promotes Thailand’s Derek Hen
Vessel Carrying Vehicles Became Stuck on Rhine River as Levels Drop
A vessel carrying vehicles briefly became stuck at Dusseldorf harbor due to critically low water levels on the Rhine River, in one of the latest examples of how this year’s extreme weather is th
Insurers press Congress to settle TRIA differences before year-end
Trade groups welcomed the Senate's unanimous vote on terrorism insurance, but the job isn't done until the House and Senate agree on a single bill
People Moves: Ascot Makes Executive Leader Moves, Organizational Updates
Ascot Group Limited, a global specialty (re)insurance company, made several executive leadership appointments and organizational updates. Mark “Sarge” Pepper has been appointed president,
People Moves: Brown & Riding Adds Moraru to Property Practice
Brown & Riding has added Jonathan Moraru to its national property practice. With more than a decade of experience, Moraru specializes in middle-market to large and complex property and builderR
Benefits TPA CEO admits to nine-year $8.8M ERISA fraud
Axim Fringe Solutions Group pooled client premium and 401(k) funds before siphoning more than $8 million
California doubles disaster penalties in sweeping property insurance overhaul
Doubled penalties, mandatory disaster plans, and a stack of new rules for California insurers
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