Sedgwick Names Welton Global Chief Legal Officer
Sedgwick named Courtney Welton global chief legal officer, general counsel and corporate secretary. Welton will serve as a member of the executive leadership team and help guide the company’s le
Insurance News
EU’s Insurance Watchdog Warns of Risks Tied to Extreme Heat
The warning is the latest by EU authorities charged with safeguarding the bloc's economic stability. A Central Bank's official said last month that the cumulative impact of extreme weather shocks is m
Judge Rules UnitedHealth Must Face Shareholder Suit by CalPERS
UnitedHealth Group Inc. must defend itself against a slimmed-down lawsuit by a major shareholder that alleges investors were deceived about financial transactions that boosted earnings, a federal judg
Triple-I: Florida insurance survey misses ‘vastly improved’ market
Industry group challenges gloomy homeowner perceptions as rates ease and private-market capacity continues to return
Texas Stock Exchange Raises $155 Million After First Listings
The parent company of the Texas Stock Exchange raised $155 million in a third funding round, bolstering its financial firepower as it challenges the New York Stock Exchange and the Nasdaq for equities
Hartford names Tooker to succeed Swift as CEO
The Hartford has named A. Morris Tooker to succeed Christopher Swift as CEO from 1 March, 2027. Swift, who has led the insurer since 2014, will become executive chairman and plans to step down from th
Lead-and-follow experience the missing key for Madrid in marine
Madrid underwriters believe that they can win market share in the marine insurance segment by providing policies that are tailor-made for Latin American risks and show flexibility at the time of a cla
French regulator imposes temporary ban on insurance platform Wakam SA
European insurance platform Wakam SA has disclosed it is subject to a temporary underwriting ban issued by French regulator ACPR. Wakam said the ban is in response to its prudential position and was i
China Has an 18-Wheel Answer to Soaring Global Diesel Prices
As Qu Shaolong pulls his electric truck into one of the many charging stations that dot the Chinese coal hub of Yulin, the latest phase in the country’s energy transition is playing out in real
Retailers hit by cyberattacks say they overinvest in controls, Marsh finds
The broker's Retail Pulse survey finds 95% of UK retailers report serious cyber exposure, a year after M&S and Co-op were hit, while its wider data shows most clients' limits fall short of a sever
Bermuda equivalence keeps EU tapped into cat capacity: report
Bermuda carriers assumed €212 billion of cat exposure in 2024 and paid €80 billion in EU-linked claims since 2016
CNA unit must cover COVID-era fraud settlement: Court
A CNA unit must cover a consulting firm’s $7.6 million settlement with the U.S. government over a botched pandemic-era rental assistance program, a federal judge ruled, rejecting the insurer’s argumen
Lead-and-follow experience the missing key for Madrid’s marine market
Madrid underwriters believe that they can win market share in the marine insurance segment by providing policies that are tailor-made for Latin American risks and show flexibility at the time of a cla
EEOC retreats on enforcement, defends religious, majority groups: Report
The Equal Employment Opportunity Commission scaled back on discrimination enforcement over the past fiscal year while shifting priorities towards defending white workers, religious employees and pregn
Hartford names Tooker to succeed Swift as CEO
The Hartford on Wednesday named A. Morris “Mo” Tooker to succeed Christopher Swift as CEO, effective March 1, 2027.
Panama Canal disruption creates new cargo accumulation headache
Experts warn that drought-linked constraints at the key waterway are raising transport costs, but the bigger insurance concern may be where and how cargo may be rerouted
California law forces FAIR Plan to share policyholder data with private insurers
California wants FAIR Plan policyholders shopping the open market - and brokers doing the steering
Record low LNG storage levels spark shortage concerns
Europe is entering the winter season with gas storage at a record-low 67% of capacity, and market participants project that rising LNG demand in Europe and Asia could intensify competition for supplie
Most risk leaders lack a framework to act on what they already know
A Willis Research Network report finds the gap between risk awareness and decision-making is where competitive advantage is won or lost
Facing Climate Lawsuits, Big Oil Again Turns to US Supreme Court
Facing potential liability for harms related to climate change, major oil companies have again turned to the US Supreme Court, teeing up a case that could determine the fate of dozens of climate-relat
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