Insurance Journal

OCTOBER 3, 2024

Kingfisher Insurance Services Ltd., the London-based specialist insurance broker, has acquired MIS Motorsport’s commercial business in the UK and Ireland. Financial details of the transaction were not disclosed. As part of the acquisition, a new entity will be created called …

Broker 278

Broker Commercial Insurance Broker Insurance 278

Insurance Journal

OCTOBER 8, 2024

who now works for billionaire climate investor Tom Steyer, says commercial real estate deals will increasingly need to price in rising insurance costs, as hurricane seasons get more destructive … Joseph Sumberg, a former managing director at Goldman Sachs Group Inc.

Commercial 278

Commercial Risk Insurance Insurer 278

Insurance Journal

FEBRUARY 27, 2025

Beazley Taps Generali’s Foucher as Head of Commercial Property, Europe Beazley, the London-based specialty insurer, announced the appointment of … This edition of International People Moves details appointments at Beazley and BMS Re. A summary of these new hires follows here.

Commercial Property 204

Commercial Property Commercial Marine Insurance 204

Insurance Journal

OCTOBER 24, 2024

Global commercial insurance rates fell 1% in the third quarter of 2024 from the previous quarter, which marked the first time the index has recorded a quarterly decline since the third quarter of 2017, according to the Global Insurance Market …

Commercial Insurance 290

Commercial Insurance Commercial Insurance Insurer 290

Insurance Journal

DECEMBER 2, 2024

commercial lines insurance sector for 2025, due partly to the segment’s persistently strong underwriting performance and improved investment returns, which have bolstered operating profitability. AM Best is maintaining its stable market segment outlook on the U.S. Reserve adequacy in the …

Commercial 288

Commercial Commercial Insurance Underwriter Underwriting 288

Insurance Journal

AUGUST 6, 2024

Global insurance brokerage Hub International Limited announced it has acquired Insurance Management Company (IMC).

Commercial 277

Commercial Commercial Insurance Risk Insurance 277

Insurance Journal

SEPTEMBER 10, 2024

Broker WTW said commercial lines insurance rates increased overall by an average of 5.9% Quarterly price increases have been around 6% since the end of the global pandemic, WTW reported in its Commercial Lines Insurance Pricing … during the second quarter.

Commercial Property 264

Commercial Property Commercial Broker Insurance 264

Insurance Journal

DECEMBER 11, 2024

Inszone Insurance Services announced the acquisition Commercial Insurance of Texas Agency Services, a specialized agency based in Texas.

Commercial Insurance 234

Commercial Insurance Commercial Insurance Insurer 234

Insurance Journal

JANUARY 9, 2025

The commercial property market is showing signs of stabilization, and buyers with favorable risk profiles will see rate decreases or low-single-digit increases this year, according to USI Insurance Services’ 2025 Commercial Property & Casualty Market Outlook. Accounts with unfavorable loss …

Commercial Property 264

Commercial Property Commercial Risk Insurance 264

Insurance Journal

APRIL 6, 2025

World Insurance Associates LLC has acquired Royalty Insurance Services in Van Nuys, California. Royalty has been providing commercial trucking insurance for over 23 years. World Insurance Associates is a national financial services organization headquartered in Iselin, New Jersey operating from …

Insurance 147

Insurance Insurer Insured Commercial 147

Insurance Journal

MARCH 10, 2025

commercial insurance rates showed a continued upward trend with signs of moderation in the fourth quarter of 2024, according to the latest findings from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS). Carriers reported an aggregate price increase of 5.6% …

Commercial 235

Commercial Commercial Insurance Insurance Insurer 235

Insurance Journal

JULY 11, 2024

Stacks Insurance Brokerage in Lighthouse Point, Florida, has named Kenny Bordman partner and president of commercial insurance. Bordman has more than a decade in commercial insurance, preceded by years in the U.S. Army and law enforcement, Stacks said in a …

Commercial 260

Commercial Commercial Insurance Insurance Insurer 260

Insurance Journal

JULY 12, 2024

In a change in regulatory practice, Connecticut has decided that all commercial lines claims made insurance forms and rates are now subject to full regulatory review. Citing compliance issues, Insurance Commissioner Andrew Mais issued a new bulletin (PC-63-24) on July …

Commercial 278

Commercial Claim Insurance Insurer 278

Insurance Journal

JULY 24, 2024

Global commercial insurance rates remained flat during the second quarter of 2024 (down from a 1% increase in Q1 2024), according to Marsh’s Global Insurance Market Index. The findings mark the first time in nearly seven years – since the …

Commercial Insurance 264

Commercial Insurance Commercial Insurance Insurer 264

Insurance Journal

AUGUST 20, 2024

Commercial property/casualty premium increases in the second quarter 2024 were flat or down from the previous quarter for all lines of business—evidence of a softening insurance market, according to The Council of Insurance Agents & Brokers (CIAB) quarterly survey. Premiums …

Commercial 279

Commercial Commercial Property Broker-Agent Premium 279

Insurance Journal

DECEMBER 11, 2024

Broker WTW said commercial lines insurance rates increased overall by an average of 6.1% Quarterly price increases have been around 6% since the end of the pandemic, WTW reported in its Commercial Lines Insurance Pricing … during the third quarter 2024.

Commercial 245

Commercial Broker Insurance Insurer 245

Insurance Journal

JULY 17, 2024

Intact Hires Janssens as SVP of West Coast Commercial Surety Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation’s U.S. insurance company subsidiaries, headquartered in Plymouth, Minnesota, hired Erik Janssens as senior vice president of West Coast Commercial Surety.

Commercial 261

Commercial Insurance Companies Insurance Insurer 261

Insurance Journal

DECEMBER 6, 2024

announced three key appointments for its new Commercial Division, which comprises Syndicate 1274 and Bermuda-based Antares Re. Antares announced in November that it was restructuring its underwriting operations by spitting its Bermuda and UK re/insurance businesses … Antares Global Management Ltd.

Commercial 264

Commercial Underwriter Underwriting Insurance 264

Insurance Journal

OCTOBER 27, 2024

Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net written premiums (NWP), according to the Insurance Information Institute (Triple-I), an …

Commercial 278

Commercial Auto Insurance Underwriter Underwriting 278

Insurance Journal

NOVEMBER 13, 2024

commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best reports indicates further deterioration in the first half of 2024. After the U.S. Despite targeted underwriting initiatives, including raising premiums to match the rising …

Auto Insurance 246

Auto Insurance Commercial Underwriter Underwriting 246

Insurance Journal

JANUARY 29, 2025

This post is part of a series sponsored by Darkhorse Insurance. Securing the longevity and prosperity of your business involves more than just daily operations; it requires a robust safety net in the form of commercial lines insurance. Also known …

Commercial 214

Commercial Insurance Insurer Insured 214

Insurance Journal

JANUARY 26, 2025

The commercial property market is showing signs of stabilization, and buyers with favorable risk profiles will see rate decreases or low-single-digit increases this year, according to USI Insurance Services’ 2025 Commercial Property & Casualty Market Outlook. Accounts with unfavorable loss …

Commercial Property 246

Commercial Property Commercial Risk Insurance 246

Insurance Journal

AUGUST 6, 2024

August 6, 2024 —The Risk & Insurance Education Alliance is proud to announce the launch of its first Certified Insurance Counselor (CIC) self-paced course titled “CIC Commercial Multiline.” ” Crafted to meet the evolving educational needs of today’s insurance … Austin, TX.,

Commercial 237

Commercial Risk Insurance Insurer 237

Insurance Journal

AUGUST 18, 2024

Global commercial insurance rates remained flat during the second quarter of 2024 (down from a 1% increase in Q1 2024), according to Marsh’s Global Insurance Market Index. The findings mark the first time since the third quarter of 2017 that …

Commercial Insurance 246

Commercial Insurance Commercial Insurance Insurer 246

Insurance Journal

OCTOBER 10, 2024

WTW characterized commercial insurance rates as balances and stable but, as Hurricane Milton approached, the broker warned of upcoming disruption. “The current state of affairs might only be one major hurricane away from being upended, and with Milton knocking on …

Commercial 263

Commercial Commercial Insurance Broker Insurance 263

Insurance Journal

FEBRUARY 11, 2025

Wildfire Defense Insurance Services Inc. has launched wildfire only coverage for E&S commercial property in California. The product is available for a range of commercial property classes of business. The target class of business includes apartments, condo associations, warehouses, wineries …

Commercial Property 258

Commercial Property Commercial Insurance Insurer 258

Insurance Journal

JANUARY 7, 2025

Moody’s Ratings changed the sector outlook for the global property/casualty insurance industry to stable from negative last month, pointing to personal lines price hikes in the U.S. As for commercial P/C insurance, … and UK as a reason for the upgrade.

Commercial 262

Commercial Casualty Insurance Insurance Industry Insurance 262

Insurance Journal

DECEMBER 2, 2024

Rockford Mutual Insurance Company (RMIC) announced a strategic expansion into the state of Michigan for Commercial Lines products in 2025. This decision is part of the company’s ongoing efforts to diversify its portfolio and spread risk across different markets in …

Commercial 243

Commercial Insurance Companies Risk Insurance 243

Insurance Journal

NOVEMBER 21, 2024

According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes rose … Respondents of a recent survey reported lower premium increases for all lines of business except umbrella during the third quarter.

Premium 246

Premium Commercial Broker-Agent Commercial Property 246

Insurance Journal

FEBRUARY 18, 2025

Encova Insurance, headquartered in Columbus, Ohio, appointed Dawn Colavecchi as commercial lines regional vice president, and Todd Becker as vice president, commercial underwriting office, workers’ compensation. Colavecchi will lead large accounts in the carrier’s large Midwest region, which now includes …

Commercial 195

Commercial Underwriter Underwriting Compensation 195

Insurance Journal

DECEMBER 19, 2024

This edition of International People Moves details appointments at Generali Global Corporate & Commercial (GC&C) and the broker Miller. Generali Global Corporate & Commercial Taps Allianz’s Moro as Head of Cyber Insurance … A summary of these new hires follows here.

Commercial 236

Commercial Cyber Broker Insurance 236

Insurance Journal

DECEMBER 5, 2024

GEICO announced the addition 500 new jobs in North Texas in an expansion of its commercial insurance business. Of these positions, 300 will support GEICO’s commercial operations at its Richardson office, which has been designated as a main hub to …

Commercial Insurance 189

Commercial Insurance Commercial Insurance Insurer 189

Property Insurance Coverage Law

MARCH 13, 2025

1 At … The post Clear Language Wins the Day: Court Rules Ambiguity Favors Policyholders appeared first on Property Insurance Coverage Law Blog. 1 At … The post Clear Language Wins the Day: Court Rules Ambiguity Favors Policyholders appeared first on Property Insurance Coverage Law Blog.

Policyholder 188

Policyholder Commercial Insurance Commercial Property Insurance 188

Insurance Journal

MARCH 14, 2025

Specialty insurer Beazley appointed Lindsay Shipper as head of commercial property, North America, effective April 1. She will report to Richard Montminy, group head of property risks, and will be based in Atlanta. Shipper brings close to two decades experience …

Commercial Property 242

Commercial Property Commercial Risk Insurance 242

Insurance Journal

NOVEMBER 17, 2024

Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by steady growth in net written premiums (NWP), according to the Insurance Information Institute (Triple-I), an …

Commercial 245

Commercial Auto Insurance Underwriter Underwriting 245

Insurance Journal

MARCH 10, 2025

announced it has acquired the remaining shares of Philippines-based Philpacific Insurance Brokers & Managers Inc., Philinsure is a commercial … Gallagher & Co. dba Philinsure, following a minority investment in the business. Terms of the transaction were not disclosed.

Insurance Broker 147

Insurance Broker Broker Commercial Insurance 147

Insurance Journal

JANUARY 27, 2025

Generali Group has launched a new business unit Global Corporate & Commercial (GC&C) India within its joint-venture company Future Generali India Insurance. The moves further strengthens Generali’s presence in India’s rapidly growing corporate and commercial insurance segment, the …

Commercial 189

Commercial Commercial Insurance Insurance Insurer 189