Industry News
Aon to Acquire USI for $17B
Aon plc announced it has signed a definitive agreement to acquire USI from KKR and other shareholders for a total purchase price of $17.0 billion. "Combining with USI will establish the premier U.S. ...
As AI Agents Go Rogue, Cyber Insurers Adapt Policies
Cyber insurers have spent years defining what constitutes a hack and when coverage should pay out, but the rapid emergence of AI agents is raising new questions, forcing insurers to review their ...
Florida Man Arrested for $206K Luxury Vehicle Insurance Fraud Scheme
A Florida man was arrested after fraudulently submitting 41 vehicle insurance applications on luxury vehicles that he never owned, according to an announcement yesterday by the state's Chief ...
Latin American P/C Insurers Enter Softer Market but Earnings Stay Resilient
Latin American non-life insurers are moving into a softer part of the cycle, but they are doing so from a position of relative strength. After two years of pricing adjustments in response to the ...
Londoners Find ‘Horrendous’ Cracks in Their Homes After Successive Heat Waves
Londoners are facing historic levels of subsidence risk after five successive heat waves dried out the clay soil on which much of the city is built. Insurance claims tied to subsidence — a ...
Rates, Digital Support Boost Small Business Insurance Customer Satisfaction: JD Power
Small businesses' overall satisfaction with small commercial insurers rose 15 points (to 713 on a 1,000-point scale), driven by improvements in digital support and rates, according to JD Power's 2026 ...
At-Bay to Be Acquired by Munich Re for $575 Million
Munich Re Group on Aug. 19 said it has agreed to acquire cyber InsurTech At-Bay Inc. for $575 million. The cyber insurance and managed detection and response (MDR) provider primarily serving small- ...
Willis Re Jumpstarts US Expansion With Buy of BMS Re, US
To establish an operational presence in the U.S., reinsurance broker Willis Re on Aug. 18 said it is acquiring BMS Re, US. The deal includes BMS Intermediaries Inc. and BMS Capital Advisory LLC, as ...