Customers can now connect to third-party providers for weight management services through Walmart’s digital health platform, then turn around and fill GLP-1 prescriptions at its retail pharmacy.
Author: Awais
As the global data centre build-out continues to gain traction across the re/insurance market, insurers are reportedly considering the insurance-linked securities (ILS) market to help support their capacity needs, a shift which follows a record opening quarter of catastrophe bond issuance for reinsurance broker Guy Carpenter, CEO Dean Klisura said today.The first-quarter of 2026 saw an impressive $6.7 billion of new risk capital coming to market, across full Rule 144A catastrophe bonds and private cat bond deals tracked in the Artemis Deal Directory. However, this did fall slightly behind the record $7.1 billion of new catastrophe bond issuance recorded in the…
U.S. cyber insurers in 2025 reversed a couple of years of decline in direct written premiums to post growth of 11% but, according to Fitch Ratings, there are some underwriting concerns brought on by developments with artificial intelligence. Fitch said Anthropic’s Mythos model has raised eyebrows in the financial and cybersecurity worlds. In the short to medium term, vulnerabilities will probably outnumber patches as the artificial intelligence tool works on cyber threat intelligence and incident response. “AI is particularly disruptive to cyber risk because traditional vulnerability analysis was labor-intensive and offered limited financial upside for researchers, a gap AI now…
The Old Dutch Mustard Co., a mustard and vinegar manufacturing company and its owner were sentenced last Friday in federal court for knowingly discharging acidic water into the Souhegan River that runs through southern New Hampshire. The sentencing came after years of efforts by federal and state environmental officials since the 1980s to halt the illegal pumping by The Old Dutch Mustard Co. in Greenville, New Hampshire. Officials faced a business owner who built a secret pumping system and who lied and had his employees lie to officials to hide his crime. In February 2025, the owner and company pleaded…
This edition of International People Moves details appointments at Tokio Marine Kiln and HDI Global. A summary of these new hires follows here. Tokio Marine Kiln Promotes Spencer and Burgess to Lead Fine Art & Specie Tokio Marine Kiln (TMK) has promoted Cameron Spencer and Jake Burgess to the roles of divisional head, Fine Art & Specie, as part of its long-term commitment to the class of business. Cameron Spencer Each bring 13 years of experience, having started their careers together at Catlin Syndicate in 2013. Burgess has since held roles at AXA XL (both in London and the US)…
Rather than starting as a technology experiment, the platform was developed as an enterprise system capable of supporting complex, multi-entity insurance organizations. Built by insurers for insurers, INTX reflects how insurance actually operates, where underwriting, capital management, accounting, accumulation monitoring, and compliance must function as a single coordinated system.
Seattle, Washington-based Grange Insurance Association will rebrand as Granwest Insurance. The new name reflects both the organization’s agricultural roots and its focus on the communities it serves. “Gran” comes from the Latin word grānum (seed), and “West” represents the region GIA serves, according to the company. The change is effective July 1. GIA was founded in 1894 to offer protection for farmers and rural communities. It is a mutual insurance provider serving families, farms, and businesses, and has grown to serve policyholders across six Western states – Washington, California, Oregon, Idaho, Colorado and Wyoming. Granwest Insurance is the brand name…
A number of Russian shadow fleet tankers are transporting oil with insurance certificates from a company that doesn’t exist as it’s described in the documents, according to an intelligence assessment from Ukraine. Seaguard P&I, based in Pinneburg, Germany provided an insurance certificate for the tanker Paz, which is sanctioned by the US, UK and European Union, according to documents obtained by Ukraine’s foreign intelligence service that were seen by Bloomberg. No such commercial entity exists in Germany, and the address listed on the insurance certificate and the company’s website is the location of a residential apartment building, according to an…
“The biggest reason is that achieving scale efficiencies in insurance is harder than it looks,” said Dave Sterner (pictured), senior vice president of research and development at ACORD. “Companies often overestimate the benefits and underestimate the complexity, particularly around integrating systems, data, and operations.”
Millions of people who apply for Medicaid in the coming years will have to prove they’ve been working, going to school, or volunteering for at least a month before they can gain or retain health insurance through the government program. But Republican lawmakers in some states think the new rules — part of the GOP’s One Big Beautiful Bill Act, signed last July by President Donald Trump — don’t go far enough. Indiana is leading that charge, with a new law that requires applicants to prove they’ve been working or participating in a similar activity for three consecutive months to…
After teacher Janet Rau learned that a carcinogenic gas was being released from an industrial plant near her school in 2019, she started a campaign for more oversight. Five years later, the Environmental Protection Agency issued rules requiring facilities that use the gas to better monitor and cut their emissions of it. Those rules were set to take effect starting this month. But the Trump administration has granted dozens of temporary exemptions, including to the Atlanta-area facility near Rau. Now, as part of a sweeping deregulatory push, the EPA wants to ease the new regulations for the gas — ethylene…
The owner of a Baltimore broadcast tower and its painting contractor will pay $2.2 million to the state of Maryland for allowing lead paint chips and debris to spread across surrounding neighborhoods, contaminating parks, playground, and daycares. Attorney General Anthony G. Brown and Maryland Department of Environment Secretary Serena McIlwain announced the settlement and consent decree against Television Tower, Inc. and Skyline Tower Painting, Inc. The settlement resolves a civil lawsuit and follows separate guilty pleas by the contractor and its principal on criminal environmental charges filed by the state’s environmental crimes unit. Television Tower, Inc. (TTI) owns an approximately…
The fundamentals underpinning recent and expected future levels of activity in the catastrophe bond market are tremendous according to John Seo of Fermat Capital Management LLC, given which the cat bond market’s growth is absolutely to be expected and absolutely viewed as sustainable, he has explained.Speaking during a Fermat Capital Management hosted webinar yesterday, John Seo, Co-Founder and Managing Director of the specialist catastrophe bond and ILS investment firm gave some insights into how he thinks about the market’s recent success and also opined on some of the misnomers that are commonly held about cat bonds and insurance-linked securities (ILS).…
The US and Iran are considering a two-week ceasefire extension to allow more time to negotiate a peace deal, according to a person familiar with the matter, reducing the risk of renewed fighting despite an intensifying standoff over the Strait of Hormuz. With the initial truce due to expire next week, mediators are seeking technical talks to overcome the most contentious issues preventing a longer-term agreement, said the person, who asked not to be identified discussing sensitive matters. Those include reopening Hormuz and the future of Iran’s nuclear program. Tensions remain high over the strait, a critical waterway for oil…