INSURANCE NEWS
Specialist Risk Group Acquires UK-Based Broker Superian Insurance Group
Specialist Risk Group (SRG), the UK specialist insurance intermediary, announced the acquisition of London-based independent insurance broker Superian Insurance Group. The acquisition strengthens SRG’s ability to deliver specialist solutions to clients operating in increasingly complex and evolving risk environments, while …
Europe’s Climate Adaptation Efforts Have Lagged its Net-Zero Drive
The June heatwave that broke a series of temperature records in Europe has focused minds on the urgency of adapting to global warming in a continent once complacent about its relatively gentle climate and its ambitious goals on reducing emissions. …
BlueCrest Slams UK as Bad for Business After Top Court Tax Case Loss
Michael Platt’s BlueCrest Capital Management said the UK is “no longer a serious contender” as a place to do business after the firm lost a £200 million ($265 million) UK Supreme Court ruling over how some of its senior traders …
Iran’s Floating Oil Hoard Swells as Major Buyers Stay Away
A hoard of Iranian oil is building up at sea, as the Islamic Republic struggles to find buyers before the expiry of a 60-day window granted by Washington. More than 20 million barrels of Iranian crude have been idling in …
Tech and Finance Sectors Losing 28,000 Jobs Monthly Show AI Impact on Labor
Whether artificial intelligence will cause mass workforce cuts over time remains up for debate, but it is starting to leave an imprint on US employment data. A decline in payrolls in the financial-activities and information sectors — where AI adoption …
People Moves: Miller Appoints Plant Head of North American Property
Miller, an independent specialist (re)insurance broker headquartered in London, appointed Kim Plant as head of North American property. Plant joins Miller from Amwins, where he served as a director in its North American property division from 2020, where he formed …
Travelers Builds Insurance-Specific LLM
The Travelers Companies, Inc. announced this week that engineers and data scientists have developed TravelersLLM, a proprietary large language model tailored to its property/casualty business. According to a media statement released by the insurer, TravelersLLM was trained on millions of …
Florida Supreme Court Ruling Could Mean New Pressure to Settle High-Dollar Lawsuits
A lawsuit brought by the former head of Marvel Entertainment made headlines around the country last November when it resulted in a $50 million jury verdict against Isaac Perlmutter’s wealthy Palm Beach neighbor and Federal Insurance Co. But it was …
Former Auto-Owners Claims Manager in NC Charged With Fraud in His Own Claim
A longtime claims manager for Auto-Owners Insurance Co. has been charged with defrauding the company of more than $43,000. Ian V. Eisnaugle, 41, of Hendersonville, North Carolina, was charged with insurance fraud and forgery in June after he reportedly submitted …
People Moves: Everest Global Wholesale & Specialty Names 2 Key Leaders, Buonpane and Stewart; TMK Appoints Barnes as Departmental Head of Marine & Energy
This edition of International People Moves details appointments at Everest Group and Tokio Marine Kiln (TMK). A summary of these new hires follows here. Everest Global Wholesale & Specialty Names 2 Key Leaders, Buonpane and Stewart Everest Group Ltd., the …
Markets/Coverages: Zurich Launches Life Sciences Insurance Offering in Europe
Zurich Insurance Group is launching a dedicated life science insurance offering from July 2026, expanding its established U.S. capabilities across key European markets: Belgium, Denmark, France, Italy, the Netherlands, Spain, Sweden, Switzerland and the United Kingdom. Zurich explained that the …
St. Pete Mayor Accepts $275M Bid to Redevelop Tropicana Field Area for Housing
The mayor of St. Petersburg, Florida, has accepted a $275 million bid to redevelop the Gas Plant District after the Tampa Bay Rays Major League Baseball team leaves Tropicana Field for new digs in Tampa. Florida news outlets reported that …