Marsh Appoints Silberberg Energy & Power Infrastructure Leader, Marsh Risk, US & Canada Joanne Silberberg Marsh appointed Joanne Silberberg to the newly created role of energy and power infrastructure leader, Marsh Risk, U.S. and Canada. Silberberg will work closely with Marsh’s energy and power, construction, and specialty teams across the U.S. and Canada to deliver sector-informed, integrated solutions to energy infrastructure clients. Silberberg has over 20 years of experience working in Marsh’s Energy & Power Practice in Australia and Canada, where she took on roles of increasing responsibility. She most recently served as Energy and Power Leader for Canada and…
Author: Awais
For global re/insurance group Everest, the Mt. Logan Re third-party capital vehicle continues to build momentum throughout 2026, with its assets under management surpassing $2.6 billion, and according to Everest’s President and CEO, Jim Williamson, the vehicle continues to play an increasingly important role in the company’s capital model.Speaking earlier today during Everest’s Q1 2026 earnings call, Williamson, highlighted in his opening remarks how Everest’s third-party capital vehicle continues to perform well. Recall that during Everest’s Q4 2025 earnings call, Williamson said that Mt. Logan’s assets under management had surpassed $2.5 billion as of January 1, 2026. Williamson also noted…
U.S. District Judge Henry E. Autrey this week sentenced former St. Louis Alderman Brandon Bosley to 16 months in prison for insurance fraud and lying to the FBI. Bosley will be on supervised release for three years after his release from prison. Judge Autrey also ordered Bosley to pay restitution of $6,253.90 to the insurance company that he defrauded. Bosley, 38, was found guilty by a jury in U.S. District Court in St. Louis in January of three felony wire fraud charges and one count of making a false statement to the FBI. Evidence and testimony at trial showed that…
Health: growing fast, but at what cost? Health insurance presents a more troubling picture. The segment’s five largest players — UnitedHealth, Elevance Health, Cigna, Humana, and Centene — all grew revenues impressively over the period. But without exception, their expense ratios rose, reflecting the unrelenting pressure of medical cost inflation, wage increases for clinical staff, and the reversal of pandemic-era utilization deferrals.
From Boutique to Big Box StoreThe ob/gyn we spoke with, now working in North Carolina, joined a large obstetrics practice just three months before its partners voted to sell it to a PE-backed venture. As a new hire, Dr. M (who asked for anonymity because his comments focused largely on former colleagues) wasn’t eligible for the lump-sum payment, but he figured that banding together with other doctors in his state would improve payer contracts and make it easier to participate in value-based contracts.Dr. M didn’t anticipate how hard it would be to lose the ability to make business decisions —…
A soft insurance market across many lines is creating new growth opportunities, but it is also raising the bar on operational performance. As submissions grow more data-intensive, policyholder service expectations rise and product offerings expand, insurers, MGAs, brokers and agencies are seeking scalable ways to streamline insurance operations, automate underwriting workflows and manage compliance more efficiently. Insurance operational excellence is emerging as a decisive strategic lever – enabling teams to respond faster, collaborate across functions and deliver a consistently strong experience to distribution partners and policyholders. Soft Markets, Smart Operations: The Operational Shift Reshaping Insurance in 2026 and Beyond explores how a modern insurance operating model can unlock the full potential…
The Texas Medical Board is proposing tighter regulations around ketamine, a popular fast-acting sedative used to treat mental illness, including more physician oversight during administration of the drug and banning in-home use of it. The revised rules are expected to publish May 8, and the Texas Medical Board is scheduled to vote on the changes in June. Supporters of ketamine regulations in Texas say the drug, which can cause comas and even death, has grown in popularity because it is easy to access. One of the most common ways people access ketamine is through telehealth prescriptions, which allows them to…
The insurer plans to say goodbye to the ACA exchanges after this year, and is exploring a potential sale of its controversial claims review subsidiary. Both businesses were more trouble than they were worth, executives said.
Brown & Brown acknowledges that the cost of the Howden-driven talent war has risen to $31 million in annual revenue. “At the end of March, the startup [Howden] has taken customers representing approximately $31 million of annual revenue as compared to the $23 million we announced last quarter,” according to R. Andrew Watts, Brown & Brown’s chief financial officer and treasurer. Watts and the broker’s CEO J. Powell Brown spoke during a recent analysts’ call to discuss Q1 2026 results. Watts said the $31 million revenue hit includes $10 million from the first quarter alone. Brown & Brown, headquartered in…
Alliant Insurance Services, headquartered in Irvine, California, added Matthew Friedson to its employee benefits group as first vice president. Based in Bethesda, Maryland, he will work with clients throughout the Northeast to tailor executive benefits and financial strategies for their businesses. Friedson has nearly 20 years of experience advising enterprise organizations and high-net-worth individuals on executive benefits, advanced life insurance planning, and business succession strategies. Before joining Alliant, Friedson served as Managing Director and National Life Insurance Practice Leader with a national insurance brokerage and consulting firm. Topics Alliant Was this article valuable? Yes No Here are more articles you…
Insurtech Hippo reversed a first quarter net loss of $47.7 million last year and posted net income of about $7.1 million for the first three months of 2026. Results a year ago included total catastrophe losses of $53.4 million, of which $45 million was from the California wildfires. The San Jose, California-based insurer reported $4.3 million in catastrophe losses for Q1 2026, and said the dramatic change in cat losses more than offset a reduction in fee income after it sold a homebuilder distribution network to The Baldwin Group last year. Hippo posted a 99.5 combined ratio for Q1, favorably…
Insurance broker Lockton announced it has secured a reinsurance license in the Kingdom of Saudi Arabia, which marks the next phase of Lockton’s geographical expansion and reflects the firm’s broader international strategy to deliver tailored facultative and treaty solutions to local insurance communities. This expansion connects Lockton’s global wholesale and reinsurance expertise, enabling Lockton to meet insurers’ growing requirements to deliver world-class capacity and solutions tailored to the evolving risk needs across Saudi Arabia. The reinsurance business will be led by Mohammed Al Rowais. Al Rowais brings more than 15 years of experience in the Saudi insurance market where he…
Introduction Artificial intelligence (AI) is increasingly being integrated into health care, including but not limited to diagnosis and treatment plans, drug development, prediction of health risks and outcomes, health monitoring, and medical imaging. AI can also automate aspects of health care including data processing and administrative tasks, reimbursement decisions, patient interactions, and clinical decision-making. Additionally, individuals are increasingly using AI for health information and advice. While there has been an increase in funding for and use of AI in health care in recent years, public opinion on AI’s role in providing accurate health information remains mixed. Further, there are concerns that AI may lead to job losses and reduce personalized human-based interactions. Moreover, AI can exacerbate health…
Iran said on Thursday it would respond with “long and painful strikes” on U.S. positions if Washington renewed attacks, and also reasserted its control over the Strait of Hormuz, complicating U.S. plans for a coalition to reopen the waterway. Two months into the U.S.-Israeli war with Iran, the vital sea channel remains closed, choking off 20% of the world’s oil and gas supplies. That has sent global energy prices surging and heightened concerns about the risks of an economic downturn. Efforts to resolve the conflict have hit an impasse, with a ceasefire in place since April 8 but Iran still…