Ariel Re successfully concludes initial fundraising for its new capital platform, ARCP.

Ariel Re Launches Innovative Capital Platform to Attract Investors Ariel Re has made headlines with the successful completion of the inaugural fundraising round for its new third-party capital platform, Ariel Re Capital Partners (ARCP). This innovative vehicle, which was launched in 2024, aims to provide investors with streamlined access to Ariel Re’s underwriting returns, particularly … Read more

Georgia’s governor introduces a tort reform initiative aimed at reducing escalating litigation expenses.

Georgia’s Tort Reform Package: A Comprehensive Overview of Proposed Changes Georgia Governor Brian Kemp has recently introduced a significant tort reform package aimed at enhancing transparency in third-party litigation funding and addressing critical issues within the state’s legal framework. This initiative is designed to tackle the rising costs of litigation while ensuring fairer outcomes for … Read more

California insurers have disbursed more than $4.2 billion in claims related to the Eaton and Palisades wildfires.

California Wildfires: A Comprehensive Overview of Insurance Claims and Recovery Efforts The devastating Eaton and Palisades wildfires in California have prompted significant financial responses from insurance companies, with the California Department of Insurance (CDI) reporting over $4.2 billion in claims payouts as of January 31, 2025. This staggering figure highlights the extensive damage inflicted by … Read more

The Hartford announced a net income of $848 million for Q4 2024, reflecting an 11% increase compared to 2023.

The Hartford Reports Robust Q4 and Full-Year Financial Results for 2024 The Hartford, a leading player in the insurance industry, has revealed its financial performance for the fourth quarter and the entire year ending December 31, 2024. With impressive growth metrics, the company has showcased its resilience and strategic focus across various business segments. Strong … Read more

Trump’s proposed overhaul of FEMA – what impact will it have on brokers and their clients?

The Future of FEMA: Understanding the Implications of Proposed Reforms In recent discussions surrounding disaster response in the United States, the Federal Emergency Management Agency (FEMA) has come under scrutiny, particularly regarding its performance during significant events like Hurricane Helene in North Carolina. President Donald Trump has been vocal about his criticisms of FEMA, suggesting … Read more

Submissions for 5-Star Cyber 2025 close this week.

The Importance of Cyber Insurance in Today’s Digital Landscape As businesses increasingly rely on technology and the internet, the risk of cyberattacks has grown exponentially. Cyber insurance has emerged as a vital tool for organizations looking to protect themselves against the financial fallout of data breaches, ransomware attacks, and other cyber threats. In this article, … Read more

Allstate is set to sell its group health division to Nationwide for $1.25 billion.

Allstate Sells Group Health Business to Nationwide for $1.25 Billion: A Strategic Move in the Insurance Sector In a significant development within the insurance industry, Allstate Corporation has announced a definitive agreement to divest its group health business to Nationwide for a substantial sum of $1.25 billion in cash. This deal, which is subject to … Read more

Insurance Trends Driven by AI, ESG, and Cybersecurity – GlobalData

The Future of Insurance: Key Trends Shaping the Industry in 2025 The insurance industry is on the brink of significant transformation, driven by advancements in technology and evolving consumer preferences. As we look ahead to 2025, three pivotal trends are emerging: the integration of artificial intelligence (AI), the increasing importance of environmental, social, and governance … Read more

Agents balance technology and market demands as insurers enhance their digital platforms.

The Future of Insurance Distribution: Navigating Technology and Market Pressures In the rapidly evolving landscape of insurance distribution, technology and artificial intelligence (AI) are not just buzzwords; they are fundamentally reshaping how insurers operate and interact with brokers and agents. As we delve into the implications of these changes, it becomes clear that while technology … Read more

Steadfast combines two major brokerage firms.

Steadfast Group Merges Two Major Brokerages: A New Era in Insurance Services In a significant development for the insurance sector, Steadfast Group, a prominent Australasian brokerage with a robust presence in the United States, has announced the merger of two of its largest brokerages: Network Insurance Group and Insurance House. This strategic move, aimed at … Read more