Seshadri (Sesh) Iyer Chubb Limited appointed Seshadri (Sesh) Iyer executive vice president, Chubb Group, operations, technology and digital transformation, effective April 6. He succeeds Julie Dillman, who is retiring on April 2 after nearly a decade at Chubb. Iyer joins Chubb from Boston Consulting Group (BCG), where he spent nearly 20 years engaging with clients across industries, including financial services in North America, Europe and Asia. Most recently, he served as the North America chair for BCG X, the firm’s tech design and build unit. He also led BCG’s work in the Americas in lean services and operations in technology…
Author: Awais
Costco Wholesale was sued on Wednesday in a proposed nationwide class action seeking U.S. customer refunds for higher prices charged by the company before the U.S. Supreme Court struck down import tariffs imposed by President Donald Trump. The lawsuit, filed by a Costco shopper in federal court in Illinois, seeks a declaration that the company must return to customers any refunds it receives for tariffs it paid under the International Emergency Economic Powers Act (IEEPA). The Supreme Court ruled on February 20 that Trump overstepped his authority by using the emergency powers law to impose sweeping tariffs last year. The…
ExxonMobil is poised to move its legal headquarters from New Jersey to Texas in search of a more friendly business environment, the company announced Tuesday morning. The board of directors for the largest U.S.-based oil producing company, which already runs its operations from the Houston suburb of Spring, unanimously recommended to its shareholders that they vote to redomicile the company in Texas. Shareholders will vote on the change at the company’s annual meeting on May 27. If successful, it will move Exxon’s legal home for the first time since it registered in New Jersey in 1882 as Standard Oil Company…
The research initiative is part of a broader focus on wearables at the HHS.
The California Earthquake Authority’s (CEA) reinsurance program grew slightly to include limit of $7.912 billion at the end of 2025, while the catastrophe bond market was providing its largest share of the risk transfer tower ever, at 36% of total limit.In recent year’s, the California Earthquake Authority’s (CEA) need for risk transfer, which it procures from the traditional and collateralized reinsurance market, as well as through its catastrophe bonds, had declined as its overall exposure base shrank. But, in 2025, the CEA’s in-force exposure increased again, rising from almost $641 billion at the end of 2024, to over $653 billion…
Insurance giant Chubb will be the lead partner on the U.S. International Development Finance Corporation’s $20 billion Maritime Reinsurance Plan aimed at resuming commercial shipping in the Gulf, the agency said on Wednesday. The U.S.-Israeli conflict has widened sharply in recent days and paralyzed shipping traffic through the Strait of Hormuz, a major global chokepoint in the Gulf. Iran said the world should be prepared for oil to hit $200 a barrel as its forces attacked merchant ships on Wednesday in the blockaded Gulf. Meanwhile, U.S. President Donald Trump has repeatedly tried to reassure markets this week that the campaign…
Three prohibitions, one key exception – what South Dakota’s new law means for underwriters
The hybrid fronting company partners with MGAs and program administrators, internal compliance, reserving, accounting, and reinsurance requirements. Mozeika’s first priority was ensuring that the program life cycle, data flow, and systems could meet all those obligations.
Congressional investigators found Medicare Part B premiums rose by more than $200 per member, totaling $13.4 billion in additional spending, due to the alleged overpayments. Payers slammed the report as flawed.
The Healthcare of Ontario Pension Plan (HOOPP), a large Canadian institutional retirement fund, saw its investment allocation to insurance-linked securities (ILS) rising in value by approximately 9% in 2025, lifting its ILS portfolio to approximately US $1.44 billion.The now CAD $132 billion pension fund has been allocating to the insurance-linked securities (ILS) asset class, including catastrophe bonds and private reinsurance opportunities, since late 2019. The Healthcare of Ontario Pension Plan’s ILS investments are understood to feature allocations to dedicated ILS manager strategies, as well as some direct reinsurance arrangements. Overall, the HOOPP pension fund delivered a 7.7% net return in…
Given the low-touch to no-touch nature of much of the portfolio, technology, automation, and third-party data are no longer differentiators, they are table stakes. To stay competitive and underwrite profitably, Markel has centered its strategy on three core areas: underwriting and pricing, distribution, and claims.
From core systems to AI and analytics, help us spotlight the vendors delivering real value in 2026
The settlement announced by the Department of Justice on Wednesday comes after federal regulators accused Aetna of submitting inaccurate data to the CMS.
At the January 2026 reinsurance renewals, Fidelis Insurance Group added further efficiency to its aggregate protection for the year, in a renewal that saw meaningful rate reductions of around 20% for the company, according to Jonny Strickle, Group Managing Director of Fidelis Insurance Group.Speaking during the firm’s fourth-quarter 2025 earnings call, Strickle noted that Fidelis’ outwards program delivers robust portfolio protection while driving ongoing margin improvement. He explained that by combining disciplined execution with long-standing industry relationships and expertise, the organisation is able to secure broad multi-class coverage at strong risk-adjusted pricing. “Trusted partnerships with top-tier reinsurers built over decades…