News
AXA XL to Acquire S-RM
AXA XL, which currently holds approximately 49% of S-RM, said it has entered into an agreement to acquire the remaining shares of the company. S-RM, a specialist corporate intelligence and ...
Everest Agrees to Sell Mexico Insurance Ops to Fairfax Financial
Everest Group Ltd., the Bermuda-based specialty insurer and reinsurer, announced it has entered into a definitive agreement to sell its Mexico insurance operations – Compañía de Seguros Generales ...
Global Wildfire Surge Hits U.S., Propelled by Rising Temperatures
The U.S. is enduring one of its worst wildfire seasons in years, with blazes scorching millions of acres. It's part of a global pattern of hot, dry conditions that favor fires becoming more common ...
NOAA Maintains Forecast for Below-Normal Atlantic Hurricane Season
Nearly halfway through the 2026 Atlantic hurricane season, NOAA's prediction of below-normal activity in the Atlantic basin remains unchanged. Today, forecasters from NOAA's National Weather Service ...
Zurich CEO: El Niño May Mean Fewer Hurricanes, Insurance Losses in North America
The development of the El Niño climate phenomenon might limit catastrophe claims in North America, Zurich Insurance's CEO said on Thursday after the company reported second-quarter results. "What we ...
California Utility’s Idle Transmission Tower Caused Deadly ’25 Eaton Fire
Sparks from an idle transmission tower owned by Southern California Edison caused the 2025 Eaton fire in the Los Angeles area that killed 19 people and destroyed more than 9,400 homes and businesses, ...
Another M&A Deal: AXIS Acquiring DUAL NA XS Liability Biz
AXIS Capital announced that it has agreed to acquire the renewal rights to the excess liability business of DUAL North America ("DUAL"). DUAL is a specialty program administrator and part of DUAL ...
New Security Incidents: OpenAI, Anthropic AI Agents Implicated
An AI agent was caught creating fake online identities to gain unauthorized access to secure systems during tests of models from OpenAI and Anthropic which revealed a series of new breaches, ...