INSURANCE NEWS
Ex-Greensill Executives Charged in Germany Over Bankruptcy
German prosecutors charged two former board members of Greensill Bank AG for their roles in the 2021 demise of the lender. The men are charged with bankruptcy crimes and false accounting, a spokesman for Bremen prosecutors said in an emailed …
European Rating Agency Scope Plans Global Expansion Drive and IPO
Scope Ratings, which brands itself as Europe’s home-grown alternative to S&P, Moody’s and Fitch, plans a U.S. expansion drive and a stock market listing in the coming years, its founder and chief executive has told Reuters. Berlin-headquartered Scope has seen …
Viewpoint: What Marijuana’s Move to Schedule III Really Means for Cannabis Insurance
The cannabis world is buzzing about a possible move to reclassify marijuana from Schedule I to Schedule III under the Controlled Substances Act. If it happens, it will be a meaningful shift—especially for taxes and market access—but it will not …
Georgia Commissioner Touts More Auto Rate Reductions by Major Insurers
Georgia Insurance Commissioner John King announced more auto insurance rate reductions for motorists in the state—the second announcement in as many months. King credited tort-reform laws and stepped-up efforts to combat insurance fraud. “As we continue the OCI mission to …
People Moves: Jencap Names Edge Binding Team Manager; Alliant Hires Givens
Jencap, one of the largest wholesale brokerages in the U.S., announced that John Michael “JM” Edge, formerly of Amwins, is the new property and casualty binding team manager for Atlanta, Charlotte and Denver teams. Edge spent more than 10 years …
Insurance Industry ‘Megadeals’ Dominate 2025, Says PwC
“Megadeals” are ruling insurance industry mergers and acquisitions as action remained consistent throughout 2025, with the prospect that the need for growth with drive more deals in 2026. According to a new report from PwC, 93% of deal value during …
People Moves: Hamilton Re Promotes Hunt to SVP, Head of Property Insurance; MGA Arrow Launches Professional Indemnity Practice, Naming Cox as Class Underwriter
This edition of International People Moves details appointments at Hamilton Insurance Group and MGA Arrow Risk Management. A summary of these new hires follows here. Hamilton Re Promotes Hunt to SVP, Head of Property Insurance Hamilton Insurance Group Ltd., the …
Insurance Tech: Zywave Releases Suite of Specialized AI Agents
Insurance technology provider Zywave unveiled an agentic AI strategy, and what it calls the industry’s first suite of insurance-specialized AI agents. The agents will help insurance companies transform how they work and achieve unprecedented levels of revenue growth and productivity. …
India’s Parliament Approves Bill to Raise Foreign Direct Investment in Insurance to 100%
India’s parliament on Wednesday approved a bill to raise foreign direct investment in the insurance sector to 100% from 74%, a move that will help insure more people in the world’s most populous country. The increase in the FDI limit …
Auto Insurers Must Soon Submit Info to New Kentucky Insurance Verification System
Kentucky’s Transportation Cabinet and Department of Insurance have launched a new vehicle insurance verification system, and auto insurers have until Jan. 15 to start getting on board. The new Kentucky Insurance Verification System, authorized by state lawmakers earlier this year, …
Court Awards $32 Million Over Premature Baby’s Death at Yale Hospital
A Connecticut court has awarded $32 million to the estate of a child born prematurely who died three months later after being given a cow-based nutrition fortifier by Yale New Haven Hospital without the parents’ or any consent. The decision …
Pacific Northwest Gets Brief Break Before Storms Return Thursday
Rain will ease Wednesday across the Pacific Northwest after floods and winds left at least 600,000 without power, forced hundreds of people in Washington to flee their homes and killed at least one person. The respite is expected to be …