Signal Iduna Reinsurance Ltd. (SI Re), the Swiss based reinsurance company that invests in insurance-linked securities (ILS) for their diversification and return effects, expanded its ILS investments which include catastrophe bonds during the last year to US $111.5 million.The company explained that the cat bond and ILS portfolio it invests in delivered “strong results” for the year, validating its hybrid approach as reinsurance underwriter and ILS investor. SI Re has been investing into catastrophe bonds and insurance-linked securities since 2010 and in 2025 grew its ILS portfolio from US $89.5 million at year-end 2024 to US $111.5 million. The company…
Author: Awais
Possible risk of autism in children. Dormant cancer cells awakening. Accelerating aging of the brain. Federal officials in May 2023 declared an end to the national covid pandemic. But more than two years later, a growing body of research continues to reveal information about the virus and its ability to cause harm long after initial infections resolve, even in some cases when symptoms were mild. The discoveries raise fresh concerns about the Trump administration’s covid policies, researchers say. While some studies show covid vaccines offer protective benefits against longer-term health effects, the Department of Health and Human Services has drastically…
Marsh Risk Expands US Surety Team With 3 Leadership Appointments Jimmy Tse Marsh Risk, headquartered in New York City, made three leadership appointments. Jimmy Tse was named U.S. financial institutions surety growth leader. Tse has 20 years of experience in financial institutions, with expertise in developing integrated strategies that connect financial institutions with surety markets. Prior to joining Marsh, he led ANZ’s Funds and Insurance Coverage business. Based in New York, Tse will report to Carrick Bligh, U.S. surety financial institutions leader. Caroline Jardim Caroline Jardim was named U.S. multinational surety leader. Jardim has nearly 20 years of specialized experience…
Lathrop brings more than 30 years’ experience in the Latin American insurance market. He joins from Marsh, where he was CEO of Marsh Chile with additional responsibility for Argentina and Uruguay, and previously established and built JLT’s Chile operation. In his new role, he will work closely with Sonia Caamaño, CEO, International Growth Markets, to drive organic and inorganic expansion, support country leadership and deepen relationships with key regional and global markets.
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Rapid digitization and increasing interconnectedness in the healthcare industry are “exposing clinical technology to threats it was never engineered to withstand,” Trellix said in a report published on Tuesday. The threat intelligence report, based on 54.7 million detections from Trellix products in healthcare environments in 2025, highlighted email as the top threat vector (85% of all detections) and the U.S. as the biggest target (75% of all detections). Trellix’s report also described the evolution of the ransomware ecosystem. Dive Insight:…
Liberty Mutual provides all standard types of car insurance, including liability, collision, comprehensive, uninsured and underinsured motorist, and PIP. You can add new car replacement, better car replacement, accident forgiveness, gap coverage, OEM parts coverage, rental reimbursement, and 24/7 roadside assistance. These options help you build packages that can compete with those of the best car insurance companies.
A Dutch court on Tuesday overturned a 2021 ruling that had classified all Uber drivers as employees, stating that individual drivers can be treated as independent entrepreneurs. The Amsterdam court said six drivers who had joined the rideshare company in its appeal are self-employed rather than employees, given the investments they made in their vehicle, their freedom to choose working hours and their ability to accept or reject rides. “This ruling is a clear victory for thousands of drivers in the Netherlands who have spent more than five years fighting to protect their status as independent workers,” an Uber spokesperson…
GEICO has agreed to pay more than $900,000 plus administrative costs to settle lawsuits from almost 1,500 call-center workers who said the insurer failed to pay overtime, including for time spent booting up computers and logging into a GEICO network. Some $520,000 of that settlement will go to the plaintiffs’ attorneys in Nashville, Atlanta and Birmingham, Alabama, according to the settlement agreement. That leaves an average of about $240 per plaintiff, although four named plaintiffs will see payments of about $5,000 each. Two others will receive $20,000 each in retaliation settlement payments. The fees and costs payable to plaintiffs’ counsel…
Kin, a direct-to-consumer digital personal lines insurer, announced the launch of auto insurance in Florida and Texas. The auto insurance is currently available as part of a bundle or as a standalone product. Home insurance customers who choose to bundle can save up to 20% on auto premiums, while also benefiting from easy policy management and comprehensive protection, Kin said. This marks the first time that Kin has offered auto insurance in any state, a company representative confirmed. While Kin is targeting customers who have homeowners insurance with this new auto insurance, it is available as a standalone product and…
Apollo, a Skyward Group Company, announced a partnership with U.S. startup insurtech ZenHedge to launch a parametric insurance product called Freight Expense Insurance designed to protect U.S. shippers against increased freight costs caused by trucking carrier tender rejections. Apollo said the partnership underscores its commitment to supporting innovative underwriting propositions that respond to real-world commercial challenges. ZenHedge’s proprietary platform analyzes data from shippers’ transport management system (TMS) data to model trucking lane risks and tender rejection events enabling efficient, data-driven risk transfer. The product launches in the U.S. market. Apollo sponsored ZenHedge as a Lloyd’s approved coverholder, bringing its underwriting…
A “sophisticated, criminal cyberattack” is threatening to hold up thousands of home sales in two of London’s richest boroughs. Westminster City Council and the Royal Borough of Kensington and Chelsea have been unable to process local authority searches since November when a cyberattack disrupted their services and forced them to activate emergency plans. Local authority searches — which provide information about a property and its surrounding area including flood risk and new development — are an essential part of the homebuying process, and neither council has so far provided a time frame for resolution. “If you’re buying with a mortgage,…
Michelle Andrews When Jeannine Urban went in for a checkup in November, she had her doctor’s full attention. Instead of typing on her computer keyboard during the exam, Urban’s primary care physician at the Penn Internal Medicine practice in Media, Pennsylvania, had an ambient artificial intelligence scribe take notes. At the end of the 30-minute visit, Urban’s doctor showed her the AI summary of the appointment, neatly organized into sections for her medical history, the physical exam findings, and an assessment and treatment plan for her rheumatoid arthritis and hot flashes, among other details. The clinical note, which Urban could…
Despite the significant Los Angeles wildfire losses at the start of 2025, reinsurance pricing at the January 1, 2026, renewals came in softer than anticipated just months ago. According to Moody’s Ratings, the combination of those losses failing to provide price support and a benign Atlantic hurricane season led to a more pronounced softening in property catastrophe rates than earlier market sentiment suggested.Pricing at 1/1 2026 declined significantly in property and across most specialty lines. However, according to Moody’s Ratings, this downward shift was fueled by a record supply of reinsurance capital, driven by several years of strong earnings, robust…
President Donald Trump signed an executive order that allows the federal government to preempt state and local regulations in the recovery efforts of last year’s Los Angeles wildfires, blaming the destruction and its slow rebuilding on California’s authorities. “Immediate and decisive federal action is required to ensure that federal disaster assistance is delivered and utilized swiftly, effectively, and without obstruction by state and local governments,” according to the executive order. Related: The Return Period for An LA Wildfire-Scale Event May Be Shorter Than You Think Nearly 40,000 acres were burned in the Eaton and Palisades wildfires last January, killing at…