Industry News
Winter Storm Fern to Cost $4B to $6.7B in Insured Losses: KCC, Verisk
January's Winter Storm Fern caused insured losses of $6.7 billion, making it one of the costliest winter storms since 1950, according to catastrophe modeler KCC. The tally includes privately insured ...
Beazley Agrees to Zurich’s Sweetened £8 Billion Takeover Bid
Zurich Insurance Group AG has made a sweetened £8 billion ($11 billion) bid to buy Beazley Plc, an offer that's won the tentative approval of the UK insurer's board. The Swiss insurance giant's ...
MAPFRE Denied Injunction Against AAA Auto Insurance Sales in Massachusetts
MAPFRE Insurance has been denied a preliminary injunction to keep AAA Northeast from selling auto insurance policies in Massachusetts in what the insurer says is a violation of an exclusive marketing ...
Data Center Boom Offers Organic Growth Opportunities for Brokers Like Aon, Marsh
The global boom in the construction of data centers – driven by the growth of generative artificial intelligence (AI) and machine learning – is creating organic growth opportunities for major ...
Munich Re Launches Pandemic Consortium via Lloyd’s Market
Munich Re Specialty – Global Markets, Syndicate announced the launch of The Pandemic Consortium, a Lloyd's market initiative which will be focused on offering parametrically triggered catastrophic ...
AIG, Chubb Can’t Use ‘Bump-Up’ Provision in D&O Policy to Avoid Coverage
A state high court has ruled subsidiaries of American International Group (AIG) and Chubb cannot use the so-called "bump-up" exclusion in denying coverage for a settlement in a securities lawsuit. ...
The Hartford Q4 Net Income Up 33% Led by Business Insurance
Net income at The Hartford increased 33% to about $1.1 billion in fourth-quarter 2025. Property/casualty written premiums increased 5% compared to Q4 2024, led by growth of 7% in the business ...
E&S Premium Growth Moderates Through Nine Months of 2025
The U.S. excess and surplus lines market isn't growing at the rate it has been, with the premium growth through September 2025 lower than the prior year. According to a new report from insurance ...