Industry News
AIG Joins Private Equity Firm Onex to Acquire Convex Group
Convex Group Ltd., the Bermuda-based specialty insurer and reinsurer, announced a new, long-term ownership structure led by private equity firm Onex Corp., with American International Group becoming ...
California Commissioner’s Regulation to Prevent Insurance Crises From Climate Disasters, Cyber Threats, AI
California Commissioner Ricardo Lara is proposing a regulation aimed at mitigating rising insurance costs and safeguarding the state's insurance market from catastrophic risks and technological ...
Federato Launches Tech to Tackle Underwriter Fears of Falling Behind
Federato, an InsurTech focused on underwriting intelligence, has launched an agentic AI platform designed to help insurers harness technology to assess, quote, and manage risk. The new solution aims ...
Everest Group’s AM Best Rating Outlook Now Negative; IQUW Under Review
Reacting to developments at Everest Group and IQUW this week, AM Best has issued statements about the ratings of the two companies. Everest Group Rating Affirmed But Outlook Revised AM Best announced ...
The Hartford Q3 Net Income Up 41%
Net income at The Hartford increased 41% to about $1.1 billion in the third quarter of 2025. Q2 property/casualty written premiums increased 7% compared to Q3 2024, led by growth of 9% in the ...
Insurance-University Partnerships: Zurich AI Lab; ACORD Executive Ed
Collaborations between insurance industry enterprise and universities were announced this week—one between ACORD and St. John's University and the other between Zurich Insurance Group, the ...
Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports
Hurricane Melissa made landfall in Jamaica as a powerful category 5 storm — a record for the Caribbean island nation — which brought storm surge, torrential rain, strong winds and massive ...