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Travelers’ Q2 net income soared 46% to $2.21 billion, fueled by lower catastrophe losses and strong commercial insurance underwriting.
Simpson Thacher enhances its insurance team by adding three partners, focusing on expertise amidst evolving private equity and insurance dynamics.
Munich Re Specialty has unveiled a comprehensive insurance offering tailored for miner rescue operations, addressing significant gaps in traditional coverage.
A Texas court upheld the dismissal of a nursing assistant's retaliation lawsuit after she failed to rectify an electronic filing error on time.
A Tennessee appeals board upheld the decision denying a FedEx worker's claim for extra compensation, citing insufficient medical evidence.
UChicago Law School implements device ban to enhance critical thinking, amid concerns over AI inaccuracies affecting legal cases in Louisiana.
Zurich Insurance has gained European Commission approval for its $10.8 billion acquisition of Beazley, marking a significant move in the market.
Intact Financial Corp's Q2 catastrophe losses soared to $416 million, reflecting a 150% increase over initial projections of $169 million.
Chinese regulators are enhancing support for foreign reinsurers and brokers to boost their presence in the Shanghai International Reinsurance Center.
Marsh completes buyout of Thailand joint venture Jul 10, 2026 U.S.-headquartered Marsh and McLennan Companies Inc. has fully acquired its Thailand joint venture, which will operate as Marsh Risk (Thai...
Perils AG has reduced its loss estimate for windstorm Goretti to €468 million, marking it as a major event in the current European storm season.
Typhoon Bavi has prompted widespread cancellations and rescheduling of flights and ferries in Taiwan, significantly impacting travel across the region.
Travelers has filed a lawsuit to avoid covering a San Francisco firm accused of mishandling private data collected from Meta's AI glasses.
Munich Re Specialty has launched a liability coverage policy aimed at real estate professionals, offering comprehensive protection against various claims.
Swiss Re anticipates a significant slowdown in global insurance premium growth for 2026, primarily from cooling property/casualty rates.
The catastrophe bond market reached an unprecedented $65.6 billion as Q2 issuances surpassed $11.3 billion across 48 transactions, marking significant growth.
The Joint Maritime Information Center has issued a severe risk warning for shipping in the Strait of Hormuz after recent attacks on tankers.
ANV Group has acquired Iris Insurance Brokers, broadening its distribution networks in the U.K. and improving access to specialty insurance.
The U.K. insurance sector experienced a significant uptick in mergers and acquisitions, with transaction values skyrocketing to $11.2 billion in the first half of 2026.
This week's top Business Insurance stories highlight Hub International's IPO plans and significant personnel shifts amidst legal disputes.