Applied Systems announced the acquisition of Cytora, a digital risk processing platform for the insurance industry, in an effort to accelerate connecting the dots within the insurance ecosystem, something Applied terms as the “Digital Roundtrip of Insurance.” “At Applied, we …

Tokio Marine HCC (TMHCC) – Specialty Group, a member of the Tokio Marine HCC group of companies based in Houston, Texas, announced that it has partnered with The Acheson Group to enhance its existing Product Recall Crisis Consultancy abilities with …

Ariel Re, a global reinsurer with offices in Bermuda, London and Hong Kong, announced it has received “in principle” approval from Lloyd’s to launch a new syndicate. From 2026, Ariel Re will be separating its Lloyd’s business into two syndicates: …

Swiss Re tops the list of the world’s 40 largest reinsurers, followed by Munich Re and Hannover Re, according to S&P Global Ratings. Berkshire Hathaway Insurance Group comes in at number four, while Lloyd’s is ranked at number 5 and …

Alphabet Inc.’s Google was sued by advertising exchange PubMatic Inc., which is seeking billions of dollars over its claim that the search giant has illegally monopolized the ad technology market. The lawsuit, filed Monday in federal court in Virginia, is …

Major automakers showcased their latest models at the Munich car show on Monday, unveiling new EVs and lower-cost models as Europe’s auto sector fights crises ranging from tariff hikes to rising costs and rivalry with Chinese firms on their home …

The average annual loss of infrastructure including buildings caused by disasters in Africa is $12.7 billion, according to the Coalition for Disaster Resilient Infrastructure. Of the damage 70% is caused by floods followed by earthquakes at about 28%, which are …

France’s parliament brought down the government on Monday over its plans to tame the ballooning national debt, deepening a political crisis that is weakening the euro zone’s second-largest economy. Lawmakers voted to oust Prime Minister Francois Bayrou and his minority …

The cost of property insurance in the US rose to an all time-high in the first half of the year, as homeowners faced sharp price increases in states recently affected by climate-related disasters, such as California. The average insurance payment …

Agency network Renaissance said it has become the first of its kind to deliver an exclusive suite of artificial intelligence solutions built specifically for independent insurance agents. “Independent insurance agents face unique challenges that demand tailored solutions. Harnessing artificial intelligence …

When news broke last Wednesday afternoon of a last-minute push to pass new, stricter regulations for consumable hemp products, the employees at Austin Vape & Smoke sprung into action. Zaquiri Hensen, a manager at the South Austin store, said he …

French prosecutors stepped up an investigation into Royal Philips NV for potentially causing danger to human health with breathing devices, tasking a magistrate with deeper probing powers to lead the case. Paris prosecutors said on Monday that the decision to …