Specialty insurance provider Ryan Specialty reported it has completed the acquisition of Velocity Risk Underwriters, LLC from funds managed by Oaktree Capital Management, L.P. Based in Nashville, Tennessee, Velocity is a managing general underwriter (MGU) providing first-party insurance coverage for …
Ryan Specialty Completes Buy of Velocity Risk Underwriters Read More »
Treasury Secretary Scott Bessent is now the acting head of the US Consumer Financial Protection Bureau, signaling a potential shift away from the aggressive enforcement and regulatory approach under Rohit Chopra. It comes after Chopra was fired by the Trump …
Bessent to Be Acting CFPB Head, Pauses Rules and Litigation Read More »
Liberian-flagged crude oil tanker Chrysalis, which was attacked by Yemen’s Houthis last year, sailed through the Red Sea this week, the Suez Canal said on Monday, in one of the first voyages since the militia announced a halt in attacks …
Oil Tanker Attacked Last Year Crosses Red Sea as Houthi Ceasefire Holds Read More »
Generali to remain in charge of decisions over how to allocate its own clients’ savings under the asset management deal with France’s BPCE, the insurer said, addressing concerns raised by Italy’s government and two leading investors. In a bid to …
Generali to Remain in Charge of Investment Decisions in BPCE Deal, Won’t Cut Stake Read More »
China on Tuesday imposed tariffs on some U.S. imports in a swift response to new U.S. duties on Chinese goods, raising the stakes in a showdown between the world’s top two economies even as President Donald Trump offered reprieves to …
China Hits Back With Targeted Tariffs After Trump Imposes New Levies Read More »
The growing adoption of data-driven underwriting and predictive analytics has given delegated underwriting authority enterprises (DUAEs) a competitive advantage within the insurance industry, with technology serving as a cornerstone for many of these operations. An AM Best survey of its …
Viewpoint: Delegated Underwriting Authority Enterprises Offer Insurers Competitive Edge Read More »
The number of securities class action filings increased for the second consecutive year in 2024, with artificial intelligence (AI)-related filings more than doubling from the previous year, according to a new report released today by Cornerstone Research and the Stanford …
Securities Class Actions Increase Again in 2024; AI-Related Filings Double Read More »
Artificial intelligence, cyberattacks or outages, and extreme weather events are the risks partners at global insurance law firm Kennedys perceive will have the biggest impacts on their markets in the next year, according to a new risk forecast. The firm’s …
AI, Cybercrime Perceived as Top Insurance Risks: Kennedys Read More »
Aspire named Isaac Adams vice president of product. Adams most recently served as Aspire’s chief marketing officer. He previously served as vice president of data science at The Hartford. He also ran his own agency, Isaac Adams Agency, a Farmers …
People Moves: Aspire Names Adams VP of Product Read More »
A New Jersey man has been sentenced to 57 months in prison for his role in a conspiracy to receive, retitle, and “re-VIN” stolen vehicles. According to Acting U.S. Attorney Vikas Khanna, Nathaniel Bell of Linden pleaded guilty in federal …
New Jersey Man Sentenced for Heading Stolen Vehicles Conspiracy Read More »
