Westfield Specialty announced the appointment of Cornelia Röskau as chief executive officer of the newly formed Europe company market, Westfield Specialty Europe, which will begin underwriting business in April, subject to regulatory approval. She will be based in Luxembourg and …
People Moves: Westfield Specialty Taps Sompo’s Röskau for New Company Market Unit Read More »
In a report one year on from the Los Angeles area wildfires in 2025, which started on Jan. 7, Morningstar DBS Research issued a perspective that called the fires “a significant stress event” for California’s property/casualty insurance sector. The industry …
Xceedance, a global provider of technology-driven business solutions for the insurance industry, today announced its acquisition of Marble Box, a company delivering tailored operational support and process optimization solutions to independent insurance agencies and brokers. This acquisition marks Xceedance’s entry …
Xceedance Acquires Illinois-Based Marble Box Read More »
Millions of people living on the expanding outskirts of Australia’s major cities face an increasing risk of urban wildfires similar to the deadly blazes in Los Angeles last year. Suburbs on the fringes of centers including Sydney, Melbourne and Perth …
Millions at Risk of Los Angeles-Style Wildfires in Australia Read More »
American International Group said on Tuesday CEO Peter Zaffino will step down by mid-year and move into the role of executive chair of the board. It named insurance industry veteran Eric Andersen as its new president and CEO-elect to replace …
AIG CEO Zaffino to Transition to Executive Chair, Replaced by Aon’s Andersen Read More »
Heavy rain, flooding, storms and hail – also known as severe convective storms (SCS) – brought below-average claims for German insurers in 2025, defying the long-term trend for such perils, given the impact of climate change, according to the German …
German Insurers Report Below-Average Natural Disaster Claims in 2025 Read More »
Investment firm Kelso Group Holdings said on Tuesday it had bought 400,000 shares in British travel company firm and submitted proposals to its board aimed at boosting value, including attracting more U.S. investors. Kelso’s investment, worth 1.55 million pounds ($2.1 …
UK Investment Group Kelso Buys Stake in Travel and Insurance Firm Saga Read More »
European officials pledged to support Greenland after US President Donald Trump restarted his campaign to take the self-governed island in the wake of his strike on Venezuela. Across the continent, Europe’s biggest powers expressed solidarity with Greenland, a semi-autonomous territory …
Europe Backs Greenland After Trump Resumes Takeover Threats Read More »
UK insurer Admiral Group plc announced it has completed the sale of its U.S. motor insurance business – including Elephant Insurance Co. and Elephant Insurance Services – to J.C. Flowers & Co., the private equity firm, effective from December 31, …
UK’s Admiral Group Completes Sale of US Motor Business to PE Firm J.C. Flowers Read More »
As the artificial intelligence trade continues to push the stock market to new highs, investors are increasingly asking if we’re living through another financial bubble that’s destined to burst. The answer isn’t so simple, at least according to history. The …
Is the AI Boom a Bubble Waiting to Pop? Here’s What History Says Read More »
