News
Important Only
First Connect's Pinkovezky says ramps up growth in wake of Hippo spin-off
By James ThalerJune 27 - (The Insurer) - First Connect has seen significant growth since it was spun off from Hippo seven months ago, CEO Aviad Pinkovezky said.It has expanded from about 30 carriers and MGAs a few years ago, with new additions weekly, he said, adding: "We crossed 130 and are sti...Reuters
Fri, Jun 27
Israeli defence minister says he instructed military to prepare 'enforcement plan' against Iran
CAIRO, June 27 (Reuters) - Israeli Defence Minister Israel Katz instructed the military to prepare an enforcement plan against Iran following their 12-day air war, Katz said on Friday in a statement.The plan "includes maintaining Israel's air superiority, preventing nuclear advancement and m...Reuters
Fri, Jun 27
Eventual Treasury aims to use AI to minimize revenue leakage, boost insurers' cash flow and margins
By James ThalerJune 27 - (The Insurer) - Revenue AI firm Eventual Treasury aims to revolutionise how insurance companies handle their financial reconciliation processes, its CEO and co-founder Mohit Chawla told The Insurer TV."The money movement across the insurance value chain is broken all the...Reuters
Fri, Jun 27
Newsom accuses Fox News of lying about Trump call in $787 million defamation lawsuit
June 27 (Reuters) - California Governor Gavin Newsom filed a lawsuit on Friday accusing Fox News of defaming him through its coverage of a phone call between himself and President Donald Trump, according to Politico and the New York Times.The suit, filed in a Delaware court where Fox is incorpor...Reuters
Fri, Jun 27
Exclusive: Aon places new surge stop-loss cyber reinsurance product at June 1
By Michael LoneyJune 27 - (The Insurer) - Aon has developed a “first of its kind” cyber reinsurance offering called Aon Surge Stop Loss that has no event definition, and completed its first placement of the product at June 1 for Arch Insurance International.Rory Egan, head of cyber and analytics for...Reuters
Fri, Jun 27
Aon aims to scale enterprise client approach to middle market, Corona says
By James ThalerJune 27 - (The Insurer) - Technology and AI are “critical” to Aon's efforts to extend its approach to enterprise clients to more in the middle market, its global chief commercial officer Anne Corona said.“Aon client leadership really has been proven through the Enterprise Client G...Reuters
Fri, Jun 27
Cybersecurity experts warn to expect more insurer cyberattacks
By Isha MaratheJune 27 - (The Insurer) - After several insurers suffered system outages resulting from information security events in June, cybersecurity experts warned that the industry is at high risk and should be on the lookout for social engineering attacks.The network disruptions at Tokio Mar...Reuters
Fri, Jun 27
AI usage by threat actors escalates cyber risks in 2025, experts warn
By Mia MacGregorJune 27 - (The Insurer) - AI has become a pivotal tool for threat actors in 2025, amplifying the sophistication and speed of cyberattacks, along with their ability to evade detection, according to industry experts.Shelley Ma, Coalition's incident response lead, highlighted the gr...Reuters
Fri, Jun 27
INSIGHT-Battling to survive, Hamas faces defiant clans and doubts over Iran
Hamas faces internal challenges, uncertainty over Iran supportHamas weakness emboldens tribal challenges, analyst saysCeasefire needed for Hamas to regroup, sources sayIsrael demands exile and disarmament of the groupBy Nidal al-Mughrabi, Jonathan Saul and Alexander Cornwell CAIRO/LONDON, June 27...Reuters
Fri, Jun 27
US cyber premiums drop in 2024 but surplus lines flat
By Michael LoneyJune 27 - (The Insurer) - U.S. cyber insurance premiums decreased in 2024 while the segment’s loss ratio deteriorated, but surplus lines writers slightly increased their market share, according to AM Best data.A new AM Best report shows that U.S. cyber insurance direct premiums writt...Reuters
Fri, Jun 27
Allium Data thrives by structuring public entity data for carriers, brokers, and MGAs
By James ThalerJune 24 - (The Insurer) - Insurtech Allium Data is transforming the public entity insurance marketplace by aggregating and structuring policy premium information through open records requests."We go to public entities, and we use open records requests to ask for policy proposal p...Reuters
Fri, Jun 27
Fearing war with Russia, Finland hardens NATO's northern frontier
For multimedia version of this story: https://reuters.com/world/fearing-war-with-russia-finland-hardens-natos-north-frontier-2025-06-24/By Anne Kauranen LAPPEENRANTA, Finland, June 24 (Reuters) - At a shooting range 10 miles from the Russian border, Finnish army reservist Janne Latto opened the t...Reuters
Fri, Jun 27
Deals of the day-Mergers and acquisitions
June 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday: ** Consultancy and marketing services provider Next 15 Group NFGN.L said on Friday it is in early-stage discussions regarding a potential sale of some of its brands, without naming the...Reuters
Fri, Jun 27
Loss trends and softening market ‘could mean future market volatility’
By Michael LoneyJune 27 - (The Insurer) - Favourable conditions for cyber buyers will continue in 2025 amid ample capital and strong carrier competition but loss trends and the softening market could lead to volatility, a new report from Aon has said. In its 2025 Global Cyber Risk Report, Aon said t...Reuters
Fri, Jun 27
FACTBOX-Airlines suspend Middle East flights
June 27 (Reuters) - Many airline services remain disrupted in the Middle East arising from the 12-day air war between Iran and Israel that ended with a U.S.-brokered ceasefire that took hold on Tuesday.Air space closures and safety concerns continue to weigh on airline traffic in the region. Below a...Reuters
Fri, Jun 27
Barclays CEO hails possible scrapping of Trump retaliatory tax
LONDON, June 27 (Reuters) - The CEO of Barclays BARC.L has welcomed indications that U.S. Republicans may scrap the Section 899 retaliatory tax proposal from their tax and spending bill."The developments on 899 are welcome progress and a significant outcome for a great many UK companies like Bar...Reuters
Fri, Jun 27
Chubb remains top US cyber insurer despite premium drop in 2024
By Michael LoneyJune 27 - (The Insurer) - New figures from AM Best show that Chubb has clung on to the top spot in the U.S. cyber insurer rankings despite its premiums falling last year and second-placed Travelers growing its business by almost 40%.The rating agency’s report said that the top insure...Reuters
Fri, Jun 27
Retailer attacks spark ‘surge’ in cyber insurance interest in UK
By Michael LoneyJune 27 - (The Insurer) - Recent attacks on retailers Marks & Spencer, the Co-op Group and Harrods have led to increased interest and submissions from UK companies, while underwriters do not expect a “knee-jerk change in pricing”.The retail attacks have helped to raise the profil...Reuters
Fri, Jun 27
CORRECTED-FACTBOX-Which parts of Trump's tax and spending bill are ensnared in the US Senate?
WASHINGTON, June 26 (Reuters) - Republicans in the U.S. Senate are working to revise President Donald Trump's sweeping tax and spending bill after a nonpartisan referee ruled that some elements do not comply with the complex rules they are using to bypass Democrats' objections.Here are some ...Reuters
Fri, Jun 27
