Higginbotham hires exec to support agencies, brokers - Business Insurance
Higginbotham on Tuesday named Jennifer DeMello-Johnson vice president of new partners growth and engagement.| Business Insurance
The use of artificial intelligence in workers compensation courts is a concern, with attorneys saying evidence and documents suspected to have been generated with AI are becoming common.| Business Insurance
Skyward Specialty said Tuesday it has agreed to buy Lloyd’s of London insurer Apollo Group for $555 million in a cash and stock deal.| Business Insurance
A man was working in the course and scope of his employment for a water well drilling company when he was injured in a hay tedding accident on the personal farm of the company's owner, making workers compensation his exclusive remedy, a Texas appellate court ruled Thursday.| Business Insurance
Jaguar Land Rover's retail and production activities have been "severely disrupted" following a cybersecurity incident, the British luxury carmaker said on Tuesday, adding that it was working to restart its operations in a controlled manner.| Business Insurance
The California Workers’ Compensation Institute has named Gideon Baum to succeed Alex Swedlow as president.| Business Insurance
Michael Jordan isn’t scoring with some tequila fans.| Business Insurance
Marsh McLennan Agency said Tuesday it acquired Robins Insurance, a Nashville, Tennessee-based agency.| Business Insurance
Fronting insurer Concert Group announced Tuesday that it has hired former Zurich North America actuarial leader Tom Carroll as its chief actuary.| Business Insurance
Marsh announced Tuesday that it has expanded Nimbus, an insurance facility supporting the construction of large-scale data centers, to U.S. construction projects.| Business Insurance
Vincent P. Foderingham, previously a risk management leader at Amazon and Northrop Grumman, has joined Marsh as a managing director and senior client executive.| Business Insurance
Japan-based Sompo Holdings Inc. said its planned acquisition of Bermuda-based Aspen Insurance Holdings Ltd. is expected to generate fee-based income from third-party reinsurance capital and insurance-linked securities management services, Artemis reported. Executives noted that the Aspen Capital Markets has grown assets under management by more than $1 billion since 2019 and reduces earnings volatility and […]| Business Insurance
Japan-based Toa Reinsurance Company Ltd. posted net income of 28.5 billion Japanese yen ($193 million) in fiscal 2024, up from JPY15.6 billion the prior year, driven by improved underwriting performance on reduced catastrophe losses, according to A.M. Best, Insurance Asia reported. The agency also noted Toa Re’s disciplined underwriting approach and portfolio repositioning efforts, along […]| Business Insurance
U.K.-based Howden Re has launched a new Iberia arm with the appointment of David Santos as managing director, Global Reinsurance reported. Based in Madrid, Santos was previously commercial director at Spain’s Nacional de Reaseguros SA. The new division will focus on developing Howden Re’s reinsurance services in Spain, Portugal and Andorra, while complementing the existing […]| Business Insurance
India-based Policybazaar for Business has launched reinsurance operations in Sri Lanka, Qatar, Oman and the United Arab Emirates, Reinsurance News reported. The platform uses digital tools, data analytics and actuarial inputs to support facultative and treaty placements, offering solutions for property, marine, liability, cyber and climate-linked risks.| Business Insurance
Fitch Ratings said a softening reinsurance market could spur merger and acquisition activity as organic growth opportunities diminish, Reinsurance News reported. The ratings agency noted that reinsurers with strong profits may pursue companies that failed to capitalize on the hard market, citing Bermuda-based Enstar Group Ltd.’s $5 billion sale and SiriusPoint Ltd.’s $733 million […]| Business Insurance
U.S.-based private investment firm Bain Capital LP is set to acquire U.K.-based Jensten Group Ltd. from mid-market private equity firm Livingbridge Services Ltd., Jensten, founded in 1986, operates a commercial insurance distribution network serving small and medium-sized businesses across the U.K. and has completed 37 acquisitions to date.| Business Insurance
U.S.-based Sedgwick Claims Management Services Inc. has appointed Dan Sivertsen as CEO of its Sweden unit, effective Sept. 20, Life Insurance International reported. Sivertsen, who will remain CEO of Sedgwick Norway, joined the company in 2019 through its acquisition of Nordic Loss Adjusting AB.| Business Insurance
U.S.-based Starr Insurance & Reinsurance Ltd. has appointed Hassan El Kaissi as senior executive officer and regional president for the Middle East, Reinsurance News reported. Based in Dubai, El Kaissi joins the company with over 30 years of industry experience, most recently as director of Middle East and North Africa strategic development for U.K.-based Tysers […]| Business Insurance
Eurohold Bulgaria AD said its consolidated net profit rose to 73 million Bulgarian levs ($43 million) in the first half of 2025, up 284% from BGN19 million a year earlier, SeeNews reported. Revenue increased 22% year on year to BGN1.6 billion, although the insurance segment posted a loss of roughly BGN13 million, in contrast to […]| Business Insurance
MSIG Insurance Singapore Pte Ltd. has partnered with MSIG Specialty Marine NV to directly underwrite protection and indemnity risks in Singapore, Insurance Asia reported. The move addresses growing demand for comprehensive protection and indemnity solutions as regulatory frameworks become more complex and maritime risks evolve.| Business Insurance
Higginbotham on Tuesday named Jennifer DeMello-Johnson vice president of new partners growth and engagement.| Business Insurance
The recent spate of cyberattacks on retailers in the U.S. and U.K. is the result of those businesses’ common vulnerabilities coupled with criminals’ honed social engineering tactics, experts say.| Business Insurance
Recent high-profile cyberattacks and data breaches have disrupted operations at major retailers and their suppliers this year.| Business Insurance
Business Insurance serves business executives who are responsible for the purchase and administration of corporate insurance/self-insurance programs.| Business Insurance
Whether employers decide to expand their staff or maintain current employee levels, risks abound in an improving economy. Talent risk is a growing issue for organizations and human resource leaders…| Business Insurance
