Building out Amynta’s MGA platform The move is the latest step in Amynta’s effort to build scale and coherence across its global managing general underwriter operations. Ambridge writes transactional risk, specialty casualty, management and professional liability, cyber, and reinsurance products, largely distributed via wholesale brokers in the US, UK, and Europe.
Author: Awais
Pennsylvania regulators have approved a decrease of 1.22% in loss costs for workers’ compensation insurance effective April 1. New or renewed policies issued on or after that date will reflect the updated loss costs. Because loss costs are factored into workers’ compensation insurance rates, the reduction will likely lower premiums for many Pennsylvania businesses. Last year, the Pennsylvania Insurance Department approved an 8.67% reduction in loss costs for policies issued on or after April 1, 2025. Th loss cost revisions are filed by the Pennsylvania Compensation Rating Bureau on behalf of insurers. Approximately 375 insurance companies offer workers’ compensation insurance…
Federal disaster assistance has been made available for Washington residents impacted by the December 2025 floods. The Federal Emergency Management Agency made aid is available to people in the counties of Chelan, Grays Harbor, King, Lewis, Pacific, Pierce, Skagit, Snohomish, Thurston, and Whatcom, as well as several tribal communities. Atmospheric rivers hit Western Washington starting on Dec. 8, 2025, and prompted evacuation orders for more than 100,000 residents, while damaging nearly 4,000 homes. The FEMA action makes assistance available for temporary housing and home repairs, low-cost loans to cover uninsured property losses, and other programs to help individuals and families…
California has one of the largest flood insurance coverage gaps in the country, a new report shows. Neptune Flood released a new report showing residential flood insurance penetration across the state is 1.4%, despite 2.3 million properties facing flood risk over the next 30 years. Related: Viewpoint: California’s Surplus Lines HO Market Driven by Access, Not Wildfire Risk The report, California Underwater: A Blind Spot in the Golden State, shows flooding from atmospheric rivers, urbanization, aging infrastructure, and post-wildfire conditions are a growing threat to California homeowners. Flood modeling shows that more than 2.2 times as many properties (600,000 additional…
Florida regulators have extended their supervision of American Mobile Insurance Exchange for another 120 days—for the sixth time in two years—suggesting that a runoff of the once-dominant carrier’s policies may be taking longer than expected in a still-stressed Florida mobile home market. Insurance agents and others in the state agreed that, 24 months after St. Petersburg-headquartered American Mobile began cancelling policies, finding coverage for many mobile and manufactured homes remains difficult and eye-poppingly expensive. “If it’s 1994 or newer, you have options. If it’s older, there really aren’t many,” said John Gardner, principal at Lee County Insurance agency and one…
Austria’s economic model has long been anchored in Alpine water flowing through turbines to generate power for homes and businesses, but as climate change redraws the country’s hydrological map, it faces a structural shift and geopolitical tensions have heightened the sense of urgency. Scientists warn that the country is approaching a tipping point known as “peak water,” which means that as Alpine glaciers shrink, these frozen reservoirs will no longer be able to boost river flows and generate electricity to the same extent they once did. “Almost all glaciers have been losing mass. That is consensus,” said Francesca Pellicciotti, a…
One Alliance North America Insurance Company, a US homeowners and commercial lines specialist underwriter and carrier, has now secured $115 million of multi-peril reinsurance from the capital markets as its debut One Shield Re Ltd. (Series 2026-1) catastrophe bond issuance has now been priced, Artemis can report.One Alliance North America ventured into the catastrophe bond market to sponsor its first deal in mid-March. The insurer’s initial target was to secure $100 million or more in multi-peril reinsurance through the debut One Shield Re Series 2026-1 issuance, as One Alliance North America sought to lock-in multi-year and fully-collateralized protection in 144A…
Democrat enters race amid concern over voter choice According to a report from BestWire, Craig MacIntyre, the sole Democratic candidate, has worked in the insurance sector off and on since 1993, primarily on the carrier side in actuarial, product development, risk management, and legislative and government relations.
The returns have been impressive. By investing in private credit, including illiquid instruments that carry higher yields than publicly traded bonds, these operators have been able to outcompete traditional insurers on the rates they offer customers. But critics, including researchers at the Centre for Economic and Policy Research, have raised pointed questions about what lies beneath. A March 2026 analysis found that roughly a fifth of the investments held by Athene, Apollo’s insurance arm, and KKR’s Global Atlantic now consist of loans made to affiliated funds – a form of self-dealing that regulators acknowledge is difficult to evaluate given the…
Officials in Union Township, New Jersey released the identity of the individual killed during Saturday night’s shooting at Chick-Fil-A on Route 22. The deceased has been identified as Malek Shepherd, age 23, of New York City, according to the Union County Prosecutor’s Office and Union Police Department. When they arrived at the scene about 9 pm, the police said they located seven victims. Shepherd, a customer at the time of the shooting, was pronounced deceased at the scene. Six other victims were taken to local area hospitals and treated for non-life-threatening injuries. Police did not identify the injured parties. No…
The definition of a fraudulent insurance act under the law covers anyone who knowingly and with intent to defraud presents, causes to be presented, or prepares with knowledge or belief that it will be presented to or by an insurer, purported insurer, broker, any agent thereof, or the Kansas automobile assigned claims plan, any communication or statement containing materially false information in connection with an insurance application, policy rating, or claim – or who conceals material information for the purpose of misleading.
Property Claim Services (PCS), the unit of Verisk that is a provider of industry loss estimates and loss data to the reinsurance and ILS industry, has provided us a detailed overview of the processes the organisation uses to designate and estimate insurance industry losses for perils such as U.S. tropical cyclones, severe thunderstorms, and winter storms.As the use of PCS data has evolved from internal reserving to supporting risk-transfer and catastrophe model validation, the need for transparency regarding its underlying methodology has grown. PCS data use is widespread in the insurance-linked securities (ILS) market, with its industry loss reporting utilised…
Which insurers stand to benefit – and which face new headwinds Liability tower – exposure reduced Subrogation carriers – recovery path harder PacifiCorp’s liability tower – likely relieved Primary carrier AEGIS Associated Electric & Gas Insurance Services – PacifiCorp’s primary liability insurer. Filed an amicus brief in the James appeal explicitly backing PacifiCorp’s challenge to the class structure. Exposure significantly reduced – class trigger avoided First excess layer Energy Insurance Mutual Specialist mutual typically occupying the first excess layer for major U.S. utilities alongside AEGIS. Triggered only once the primary layer is exhausted. Tower not exhausted – excess…
Regulators are proposing to send $1.4 billion more to acute care hospitals and debut the first nationwide, mandatory payment model to lower the cost of joint replacements. Hospitals pushed back.