Whilst the casualty insurance-linked securities (ILS) space continues to emerge as a transformative capital source for long-tail risk, data-and-analytics specialist Allphins argues that ILS investors in casualty risk deserve the same level of transparency in exposure and systemic risk understanding that natural catastrophe investors have long been receiving.The casualty ILS market has experienced significant growth in the last year, with deal flow activity within the space moving at a steady pace. Moreover, the casualty ILS market size at any point in time is particularly hard to estimate, due to the fact that many deals stay private and many-whole account ILS…
Author: Awais
A small plane crashed just after taking off from Crystal Airport north of Minneapolis on Saturday, killing a North Dakota state legislator and the pilot, authorities said. North Dakota state Rep. Liz Conmy, of Fargo, was killed in the crash, her colleague, state Sen. Tim Mathern, told the Star Tribune. The North Dakota Democratic–Nonpartisan League Party, an affiliate of the national Democratic Party, confirmed Conmy’s death in a social media post, calling her a champion for public education, the environment, and transparency. “We are completely heartbroken and gutted by the loss of Representative Liz Conmy. Her death is a profound…
Lockton revealed new details this week of its future global headquarters located in Leawood, Kansas. The insurance brokerage will be based in a twelve-story building that will serve as the centerpiece of a 34-acre project. Lockton first announced the headquarters project in December 2025. The project is scheduled to break ground this summer, and Lockton is expected to relocate in early 2030. “This headquarters is more than a new address. It’s a future-focused destination designed to elevate how we serve clients and how we support our people,” said Ron Lockton, Chairman and CEO of Lockton. “The design supports our growth,…
Insurance Journal’s Risky Future series is hosting the “Commercial Auto, Telematics & Fleet Risks” Demo Day, a series of free AI tool demonstrations designed exclusively for commercial auto carriers, fleet underwriters, risk managers, brokers and more. This event features vendors that will demo connected-vehicle technology, driver monitoring, loss-prevention tools, and analytics platforms designed to improve fleet safety and profitability. Expect real-world use cases for underwriting, pricing, claims mitigation, and compliance. In partnership with Insurance Journal, Risky Future’s AI Tools for Commercial Auto, Telematics & Fleet Risks Demo Day will be held on Wednesday, April 29, beginning at 1pm ET. Each…
Often considered more a problem for Western North America, wildfires are becoming more intense, frequent and damaging in the East, such as this week’s blaze that destroyed dozens of homes in Georgia, fire scientists said. Researchers blame a number of factors including climate change causing fuel to dry out and be more flammable, a record drought, tens of millions of tons of dead trees from Hurricane Helene and just the large area where dense forests and high numbers of people try to coexist. So far this year, 2,802 square miles (7,258 square kilometers) of the United States has burned in…
The insurer, a mainstay in government programs like Medicaid and the ACA exchanges that have been wracked by higher spending, successfully controlled costs in the quarter, leading to $1.5 billion in profit.
“What we’ve seen in recent years is an evolution from traditional concerns like mobile phone use to a much broader range of in-cab distractions, including onboard technology, dispatch systems and even driver fatigue,” said Sarb Gill (pictured), trucking executive manager at All Solutions Insurance.
The real jewel in the partnership, though, is something called Risk Perspective — a content series that will live on F1.com and the official F1 app, examining nine specific circuits where drivers and teams must read risk, adapt under pressure, and make decisions in fractions of a second. This is, frankly, brilliant. Not because it will make insurance exciting — nothing will make insurance exciting, not even if you set a claims form on fire — but because it anchors Marsh’s core business to something people are already passionate about. Risk is inherent in every corner at Spa, every barrier at Monaco,…
Ki, the algorithmically powered Lloyd’s digital-follow platform, announced it has added capacity to its platform, allowing brokers to access larger line sizes across six Lloyd’s syndicates. Tokio Marine Kiln (TMK) will become Ki’s fifth capacity partner, utilizing Ki’s technology to offer a focused allocation of digital-follow capacity across select classes. Bringing tailored capacity to the platform demonstrates the flexibility of partnering with Ki by targeting appetite to the strategy of carriers in a disciplined algorithmic underwriting environment designed for follow business, according to Ki. Ki capacity partners include Beazley, QBE, Aspen (now part of Sompo Group), and Travelers, alongside Ki’s…
North Carolina’s insurance commissioner has negotiated a 10% increase in average rates for dwelling insurance, for rental and non-owner-occupied properties, over the next two years. The North Carolina Rate Bureau, representing property insurers, last fall had filed for a 68% rate over two years. In the state’s unique ratemaking system, the bureau usually asks for a proposed level for rates, and the Department of Insurance may hold hearings and offer its own actuarial analysis. Commissioner Mike Causey said a hearing on the dwelling rate, set for July, was canceled after the two sides settled on the 5% per year increase…
Marsh Risk, a business of Marsh, announced the launch of Risk Companion, the next iteration of its digital solutions suite designed to help clients effectively and efficiently manage unique risks. Risk Companion is enabled by an AI-powered analytics engine that connects Marsh Risk’s risk dataset to its actuarial models and deep subject-matter expertise. It represents a significant advance in Marsh’s use of AI to give clients a more detailed view of risk exposures and mitigation options. “As risks have become more complex, interconnected, and volatile, clients around the world need quicker access to the data, analytics, and insights that enable…
Quarterly earnings reporting may soon become optional for U.S. firms—yet the vast majority of companies are unlikely to take advantage of lighter requirements as it could hurt valuations, investors and market participants say. A plan to move from quarterly to half-year reporting was revived by President Donald Trump last year after he initially proposed it during his first administration. The U.S. Securities and Exchange Commission is expected to soon formally seek feedback and comments from the public for a proposal to remove the quarterly earnings reporting requirement. Proponents argue that it is a way to help businesses focus on longer-term…
A recent survey of insurance-linked securities (ILS) investors conducted by reinsurance broker Gallagher Re and Gallagher Securities reveals a notable rise in market appetite for 2026. The findings indicate that a clear majority of both specialist and generalist allocators intend to expand their exposure to insurance-related assets over the next two years.Furthermore, as ILS investors adopt more sophisticated strategies, data from the survey also shows that almost none currently plan to reduce their positions in the sector. In a recent article authored by Jason Bolding, global head of ILS at Gallagher Re, and Ben Lyon, CEO of Gallagher Securities UK…
NEWSWISE — The Hayward fault, part of the larger San Andreas fault system, runs 74 miles through the East Bay of the San Francisco Bay Area. The fault is overdue for an earthquake that could cause extensive damage to such a dense population zone. In a recent study, published in Seismological Research Letters, scientists at Lawrence Livermore National Laboratory (LLNL) and Lawrence Berkeley National Laboratory (LBNL) simulated earthquake scenarios on the Hayward fault and analyzed how the rupture and underground structure affect ground motion intensity along the fault. “Using high-performance computing earthquake simulations, we are interested in learning what the…