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The Alabama Department of Insurance has named Dusty Smith as its new deputy commissioner, stepping into the role as Jimmy Gunn prepares to retire after more than three decades with the department. Smith, who started with the department in 2011, has been managing the consumer services division since 2019. Beginning next year, he will take … Read more

Small businesses across the U.S. face growing risks from cyberattacks, and experts say now is the time to take action. Cybercriminals are getting smarter and targeting smaller companies, which often lack the resources to protect themselves. The costs of these attacks add up fast, with the average breach costing close to $17,000—a number that has … Read more

Nonprofits across the United States are facing increasing challenges getting insurance coverage as many carriers pull back from the market. Pamela Davis, founder and CEO of Nonprofits Insurance Alliance (NIA), says this shift leaves organizations vulnerable just when they need support the most. According to Davis, insurance companies are losing interest in nonprofit coverage because … Read more

Gallagher Re, the global reinsurance broker and part of Arthur J. Gallagher, has agreed to buy Steadfast Re Pty Ltd., a Sydney-based reinsurance brokerage. The deal aims to strengthen Gallagher Re’s presence in Australia and is expected to close in the last quarter of 2025. Financial details of the transaction were not shared. Mark O’Brien, … Read more

Lloyd’s reported a mixed set of results for the first half of 2025, showing a significant drop in its underwriting profits but maintaining an overall solid financial position. The market’s underwriting profit fell by half to £1.5 billion ($2.0 billion), down from £3.1 billion ($4.2 billion) in the same period last year. This decline was … Read more

Ryan Specialty has launched a new reinsurance vehicle called Ryan Alternative Capital Re, Ltd., or RAC Re. This new setup aims to add extra reinsurance capacity to Ryan Specialty Underwriting Managers’ portfolio, supporting their line of property and casualty insurance business. RSUM, the division behind this, handles delegated underwriting within Ryan Specialty. The CEO of … Read more

Cyber insurance is booming, but it’s not without challenges, according to John Coletti, head of large market underwriting at Coalition. The market is growing fast, now seen as a key insurance product that catches the attention of top executives. What once looked like a niche sector has become a major force, with the global market … Read more

So far, the Gulf Coast has dodged any serious tropical storms this hurricane season, but experts warn that could change soon. Warm water temperatures in the Gulf are higher than usual, creating a perfect setup for storms to grow quickly. AccuWeather’s hurricane team says the Gulf feels like a giant bathtub with water heating into … Read more

Steadfast Group is set to take a big step into the U.S. market by acquiring a majority stake in Novum Underwriting Partners LLC, a specialty managing general agency and wholesale brokerage based in Ohio. Launched in 2019, Novum has built a solid reputation thanks to its unique technology platform, Novum Online. This system streamlines many … Read more

Bringing new employees on board is an important moment for any business, but it also comes with some risks. Studies show that workers in their first year are much more likely to get injured than those with experience. This is because everything feels new—the tasks, the tools, and the pace of work can all be … Read more