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Peak Reinsurance Co. Ltd., a reinsurer based in Hong Kong, has exciting news. The company has received a reinsurance branch license to operate in India. This is a big step for Peak Re as it aims to expand its presence in emerging markets across Asia. The license allows Peak Re to write both property and … Read more

The Hanover, a property-casualty insurance company based in Worcester, Massachusetts, has appointed Dick Lavey as its new chief operating officer. This role is newly created as the company looks to strengthen its leadership team. Lavey brings a wealth of experience to the position, with 35 years in the insurance and technology sectors. He has spent … Read more

In a challenging insurance market, brokers are finding new ways to meet the growing demand for specialized coverage. While many brokers shy away from tough risks, the wholesale distribution market is booming. This surge is largely due to the need for creative solutions in areas like auto liability, where traditional methods are no longer enough. … Read more

As the world pushes for more renewable energy, the challenges of financing and insuring these projects are becoming increasingly important. A recent study by FM Global, a commercial property insurer, highlights the growing concerns among stakeholders in the renewable energy sector. The research surveyed 650 executives and investors involved in renewable energy. It found that … Read more

Insurers are changing how they sell their products, focusing more on embedded distribution channels and using artificial intelligence (AI) to meet the needs of today’s consumers. This shift is highlighted in a recent survey by GlobalData, which gathered over 170 responses in the first quarter of 2025. The survey found that embedded insurance is seen … Read more

A woman from Pennsylvania is facing legal trouble after allegedly filing a fake insurance claim related to a barn she sold for a TV show. Tracey Jeffreys, 63, lives in the Milton area and had a deal with the Discovery Channel for the show "Barnwood Builders." The plan was to take apart her barn and … Read more

The reinsurance market is seeing a wave of positive changes as we move through 2025. Recent reports from Aon and Gallagher Re highlight a competitive environment that favors buyers, with plenty of capacity and price cuts for accounts that haven’t faced losses. This trend follows similar favorable conditions noted in January. Aon’s report, “Reinsurance Market … Read more

Managing insurance operations can be quite a challenge for managing general agents (MGAs) and wholesalers. To address these challenges, Expert Insured has launched a new agency management system. This platform, built on over 15 years of experience and recently updated using .NET Core technology, aims to simplify the insurance lifecycle from underwriting to policy issuance … Read more

Metalworking has been a crucial part of human development since prehistoric times. It started with shaping soft metals like gold and has grown into a vital industry. Today, metalworking encompasses various techniques, including hammering, smelting, forging, and welding. This industry plays a significant role in our daily lives, providing everything from essential tools and appliances … Read more

Hadron, a relatively new player in the insurance market, has announced plans to acquire The Guarantee Company of North America USA (GCNA). This Michigan-based insurance company is currently owned by Atlantic Specialty Insurance Company, a part of Intact Financial Corporation. The acquisition is expected to be finalized in the third quarter of 2025, pending approval … Read more