Industry News
Executives on the Move at HSB, American Modern Insurance Group, AIG
Munich Re Specialty announced the upcoming retirements of Greg Barats, CEO and President of HSB, and Andreas Kleiner, CEO and President of American Modern Insurance ...
State Insurance Legislators ‘Greatly Disturbed’ by Trump AI Regulation Order
The National Council of Insurance Legislators have come out against President Donald Trump's executive order last week, seen as a hinderance to state regulation of artificial intelligence. NCOIL ...
McKinsey Plots Thousands of Job Cuts in Slowdown for Consulting Industry
As McKinsey & Co. partners gathered in the consulting giant's birthplace in late October, Bob Sternfels delivered a rallying cry. "We will kick some ass as we start our second century," the ...
LA Fires and U.S. Severe Convective Storms Drive Insured Losses of $107B in 2025
Insured losses from natural catastrophes will surpass $100 billion mark in 2025 for the sixth consecutive year – driven mainly by January's record Los Angeles wildfires as well as severe convective ...
AIG Gets Approval to Acquire Everest Renewals in 6 EU Countries – in Time for Jan. 1
AIG announced it has received approval to proceed with the acquisition of Everest Group's renewals in Germany, France, Italy, Netherlands, Spain and Ireland. The European Union deal is part of AIG's ...
Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft
A new broker is now suing Howden US and a pair of former employees for allegations of poaching and theft of trade secrets. Last week Aon Risk Services Cos. filed suit in U.S. District Court for the ...
OpenAI And Microsoft Sued Over Murder-Suicide Blamed on ChatGPT
OpenAI and its investor Microsoft Corp. were sued over a Connecticut murder-suicide in the latest case to blame the popular ChatGPT chatbot for dangerous psychological manipulation of users. The ...
Acrisure to Buy MGA Vave From Canopius
Acrisure said it is acquiring Vave, a managing general agent, from parent Canopius. Terms of the deal were not disclosed. Vave will continue to operate under its brand name, and its management team, ...
Amica COO Murphy Retires After 45 Years
Amica Mutual Insurance Company announced that Ted Murphy, senior executive vice president and chief operations officer, will retire at the end of 2025 after 45 years of ...