SmartChoice Names Caldwell CEO Andrew Caldwell Smart Choice, headquartered in Greensboro, North Carolina, restructured its executive…
Category: Investment Strategies
CRC Group Acquires ARC in E&S Deal
Independent insurance wholesaler CRC Group said it has acquired specialty wholesale distributor ARC Excess & Surplus.…
Countries Shore Up Digital Defenses as Global Tensions Raise Cyberwarfare Threat
Hackers linked to Russia’s government launched a cyberattack last spring against municipal water plants in rural…
Allstate Q1 Income Drops 52% on Record $3.3B Gross Catastrophe Losses
Allstate Corp. first quarter 2025 net income applicable to common shareholders fell more than 52% to…
Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils
Global insured losses from natural catastrophes hit US$137 billion in 2024, following the 5%-7% annual growth…
Turning One Human Underwriter Into Five, ‘Turbocharging’ E&S
Some property/casualty insurers talk about experimenting with artificial intelligence to automate call center responses and back-office…
WTW Launches AI Monitoring Tool ‘Radar Vision’ for Insurers
WTW has announced the North American launch of Radar Vision, an AI-driven performance monitoring tool custom-built…
Mosaic Promotes Duggan to Lead North American Claims; Hiscox Names Sinkus CUO in US; EPIC Appoints Jackson Managing Principal, Global Leader
Mosaic Promotes Duggan to Lead North American Claims Thomas Duggan Mosaic, headquartered in Hamilton, Bermuda, named…
Arch Capital’s First-Quarter Profit Halves on LA Wildfire Losses
Arch Capital’s first-quarter profit fell 49.2% as catastrophe losses from the California wildfires weighed on its…
Loss of FEMA Program Spells Disaster for Hundreds of Communities and Projects
The textile mills that once served as the backbone of Mount Pleasant, North Carolina, have long…
Apollo’s Aspen Insurance Targets $2.9B Valuation in US Stock Market Return
Aspen Insurance said on Tuesday it was seeking a valuation of up to $2.85 billion in…
Cincinnati Financial Finishes Q1 in the Red Due to Catastrophes
Cincinnati Financial Corp. recorded a first quarter 2025 net income loss of $90 million compared to…
Progressive Insurance Is Hiring Again; 12,000 More People Needed
Almost a year to the day after Progressive announced it would hire more than 10,000 people…
Increased Writings in Homeowners Adds to US Surplus Lines Growth
Increasing movement of homeowners insurance risk to the U.S. surplus lines market has continued to contribute…
New Report Shows Rise in Cargo Theft, With Three States Leading the Way
Cargo theft across the U.S. and Canada continued to rise in 2024, with three states making…
NOAA Risks Loss of Data Network and Web Service
A key contract that supports the network service provider for the US National Oceanic and Atmospheric…
23andMe Bankruptcy Bid Deadline Extended as DNA Privacy Woes Linger
The sale of the bankrupt DNA data bank 23andMe is facing delays as the company tries…
Brokers Aon and WTW Each Report Steady Organic Growth of 5% in Q1
The brokers Aon and WTW both reported organic revenues of 5% for the first quarter of…
New SEC Chair Says Crypto Sector Deserves Clear Regulations
The new head of the U.S. Securities and Exchange Commission on Friday said that the agency…
Corporate America Boosts Security Spending After UnitedHealth Murder, Filings Show
U.S. corporations have been ramping up their security spending, but following the murder of UnitedHealth executive…