OnRe, a licensed collateralized reinsurer and onchain asset manager, announced the appointment of Ben Fortune as its Chief Underwriting Officer. Fortune will set and execute OnRe’s underwriting and ...

The Connecticut Supreme Court ruled that when a driver’s auto policy extends bodily injury coverage to a rental car, uninsured motorist coverage must also apply to injured passengers in that vehicle, ...

Jones Day said hackers breached the firm and accessed files tied to 10 clients. The cybercrime group Silent claimed responsibility and listed Jones Day on its extortion site. The group has built a ...

Farmers Insurance plans to expand its agency force over the next year and expects to appoint nearly 1,700 new agency owners. The company said this would rank among the largest one-year expansions in ...

The US International Development Finance Corporation, or DFC, and Chubb said six more American insurers have joined the Maritime Reinsurance plan. The new partners are Travelers, Liberty Mutual, ...

First Central Group, the UK motor and home insurer, is preparing for a potential London IPO and has appointed banks to explore a share sale, according to people familiar with the matter. The company ...

Lloyd’s of London will keep providing cover for vessels moving through the Strait of Hormuz, even as shipowners pull back from the area. Patrick Tiernan, the Lloyd’s market chief executive, said ...

Prudential Financial has filed another round of layoffs in New Jersey, pushing total planned job cuts at its Newark headquarters to 237 since July, based on filings with the state Department of Labor.

UK InsurTech Loxa has closed a £2.7 mn seed round completed across three tranches. The financing was backed mainly by angels and family offices, including the Lazaroo-Hood Group. Introductions came ...

French health insurtech Alan has reached a valuation of €5 bn, or about $5.83 bn, after a new €100 mn funding round. The raise strengthens its standing as one of Europe’s most highly valued insurance ...

California lawmakers introduced legislation designed to standardize how insurers handle wildfire smoke damage claims. The proposal follows major fires that contaminated thousands of homes across the ...

RockRose Risk, a climate-focused insurance brokerage and captive underwriting manager that specializes in wildfire-exposed commercial property insurance in the U.S., raised $9 mn in funding to expand ...