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It's Madness" " Shock Iranian announcement upends marine insurance
8+ hour, 19+ min ago (237+ words) That sequencing is not accidental. Tehran is using the goodwill window to establish a legal and commercial precedent: Iranian-approved insurance is a condition of transit through the Strait of Hormuz. The precedent will still be standing on day 61. Third, the…...
SCOR names Biggas deputy CEO, eyes 2027 handover
13+ hour, 17+ min ago (229+ words) Biggas joined SCOR in 2022 as chief underwriting officer of SCOR UK and active underwriter of SCOR Syndicate, the group's Lloyd's platform. Before that she spent more than eight years at Arch Insurance Group, rising to vice president and deputy active…...
Sompo names underwriting chief
13+ hour, 17+ min ago (517+ words) Insurance Business Sompo names underwriting chief Insurer taps former Aspen chief strategist to lead underwriting integration When Sompo completed its $3. 5 billion acquisition of Aspen Insurance Holdings in February, one of the less-discussed risks was the one that follows every major…...
How AI adoption gave a New Zealand broker its time back
6+ min ago (322+ words) Tyson inherited an operation that relied on a patchwork of disconnected tools, each holding a different slice of the client picture. "In the past we had a CRM system, a processing system, a document management system, and various other tools,…...
Quieter Atlantic season still carries major hurricane risk, MS Amlin warns
12+ hour, 1+ min ago (522+ words) The 2026 Atlantic hurricane season looks calmer on paper, but a new forecast from MS Amlin shows the risk of a catastrophic, market-moving storm is still very much alive. The insurer's 2026 hurricane forecast puts the probability of at least one Category…...
Gallagher flags AI liability as next 'silent risk"
19+ min ago (455+ words) Gallagher flags AI liability as next 'silent risk' Insurance Business Gallagher flags AI liability as next 'silent risk' Firms are racing into AI. Cover hasn't caught up Around 87% of New Zealand organisations are already using AI in some capacity, according…...
Iran's insurance gambit in the Strait of Hormuz is a claim waiting to happen
8+ hour, 38+ min ago (237+ words) That sequencing is not accidental. Tehran is using the goodwill window to establish a legal and commercial precedent: Iranian-approved insurance is a condition of transit through the Strait of Hormuz. The precedent will still be standing on day 61. Third, the…...
Derecho, tornadoes drive June storms into billions
13+ hour, 17+ min ago (261+ words) The storms struck major metro areas from Denver to New York, combining tornadoes, large hail and a confirmed derecho " a long-lived, fast-moving windstorm " into one of the costliest stretches of any peril so far this year, Gallagher Re said. The…...
APRA data shows where claims uncertainty is highest - and why size changes the picture
2+ hour, 23+ min ago (601+ words) APRA compares how general insurers are allowing for uncertainty in outstanding claim liabilities and premium liabilities. While the report does not prescribe margins, it gives insurers, actuaries and boards a benchmark for testing their own reserving assumptions against wider market…...
World Insurance acquires Massachusetts transportation specialist Wolpert
1+ day, 21+ hour ago (430+ words) The deal closed on October 1, 2025, with financial terms undisclosed. Founded in 1956, Wolpert built its reputation around a concentration in transportation-related specialty coverage, including trucking and transportation insurance, limousine insurance and bobtail insurance. The latter covers owner-operators driving without a trailer…...