Insurance

Fitch Ratings published midyear underwriting results for 19 non-life reinsurers, finding that the group’s average first-half 2024 combined ratio was 84.2, and forecasting continued profits for the rest of 2024 and 2025 also. But while reinsurers will continue to maintain …

Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has signed a definitive agreement to acquire certain assets of the European managing general agent Geo Underwriting Europe BV (Geo Europe), part of London-based Ardonagh Group. Terms of the transaction …

Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has signed a definitive agreement to acquire the property and casualty (P&C) MGUs owned by Ethos Specialty Insurance LLC from Ascot Group Ltd. Financial details of the transaction were not …

Hewlett Packard said Monday it would continue legal proceedings to seek up to $4 billion in damages from British billionaire Mike Lynch’s estate in the UK. The U.S. company had been seeking compensation over its acquisition of British tech firm …

TALLAHASSEE, Fla. (AP) — A Republican state representative in central Florida, a lead sponsor of an anti-squatting property rights bill signed into law this year, has been indicted on felony forgery charges related to her administration of a private Christian …

Oil service company Halliburton on Tuesday said a cyberattack last month has caused “disruptions and limitations” to business applications that support operations. “The company believes the unauthorized third party accessed and exfiltrated information from the company’s systems,” Halliburton said in …

The Connecticut town of Plymouth has been hacked for more than $200,000 and the town’s finance director has resigned as a result of the cybersecurity incident. Mayor Joseph Kilduff said the town fell victim to a “social engineering scam” after …

Insured losses have surged in the past decade as climate change in Canada sparks wildfires, intense hailstorms and thunderstorms with severe flooding in major cities. Insured losses from natural disasters averaged C$2.2 billion ($1.63 billion) a year over the last …

Product recalls in the U.S. decreased across the automotive, consumer product, food and drink, medical device and pharmaceutical industries in the second quarter, according to a new report from Sedgwick.. Sedgwick’s U.S. Recall Index found the 788 recalls across those …

Hotter summers in Canada that have sparked wildfires in tourist areas, intense hailstorms and thunderstorms with severe flooding in major cities, all likely linked to climate change, are leading to personnel shortages and potentially claims adjustment delays, according to insurance …