Banking industry news and updates
In 2025, Asia-Pacific reinsurers rebounded with a 4% increase in net insurance service revenue, driven by strong international business.
A New Mexico appeals court has limited a firefighter's widow's death benefits to 208 weeks, capping total benefits at 700 weeks under state law.
Evergrande founder sentenced to life, firms fined $2.4B Aug 21, 2026 China Evergrande Group founder Hui Ka Yan has been sentenced to life in prison, while his companies were fined a combined 15.8 bill...
IAG New Zealand's insurance profit dropped by 23% to AUD 467 million, with an 8% decline in gross written premiums attributed to market conditions.
Bermuda reinsurers improved their financial outlook in the first half of 2026, driven by reduced catastrophe losses, despite a decline in net premiums.
Florida's insurance market shows signs of recovery, with reduced fraud and plunging premiums due to recent tort reforms, though challenges remain.
Parametric insurance is expanding rapidly due to advancements in data reliability, providing faster payouts and coverage for new risks, even amid a softening market.
A recent Tennessee case highlights the need for precise job descriptions in workers’ compensation to aid physicians in fair return-to-work evaluations.
Power generation capacity in the U.S. is rapidly expanding, fueled by data center demand, creating new market dynamics and risk considerations.
Christina Montes De Oca, CEO of Coface North America, shares how trade credit insurance adapts to uncertainty and evolving market demands.
Insurers are increasingly focusing on the effective use of telematics and safety tech for fleet insurance, shaping risk evaluations and pricing strategies.
The excess and surplus lines insurance market is witnessing slower growth, particularly in property segments, amid increased competition and lower rates.
NFP's Peer Connect initiative enhances professional growth through increased mentorship and engagement, expanding its reach after a successful pilot.
Clarifying tax planning, projections, and strategy boosts client understanding and advisor compensation, unlocking greater value in tax advisory services.
A Massachusetts court ruled MAG Mutual must fund Dr. William O’Connor's legal defense over allegations of stalking and improper prescription practices.
July saw a slowdown in most commercial insurance renewal rates, particularly in commercial auto, according to Ivans Insurance Services.
Rebecca Simeone, previously a senior risk manager at Beazley, steps into the U.S. chief risk officer role at Canopius, effective September 8.
Coface's net income fell to €108 million in the first half of the year due to economic stagnation and tariffs, although revenue exhibited slight growth.
Global reinsurance capital is on track to hit $705 billion in 2026, driven by strong growth in both traditional and third-party sectors.
Accredited Insurance expands its marine risk coverage in Greece and Cyprus through a new partnership with Hellenic Hull Management.