Pan-African reinsurer Africa Specialty Risks Ltd. has received approval from the Dubai Financial Service Authority to register as a company.

Underwriters are asking some shipowners to sign contracts guaranteeing that they have no ties with Israel or the U.S. in order to obtain cover for cargo ships passing through the Suez Canal.

Wizz Air Holdings PLC has reported a loss of €105.4 million ($115million) for the three months to December 2023, down from a profit of €33.5 million in the year-ago period amid supply chain issues at a key engine provider and suspension of flights due to Israel-Hamas war.

U.K.-based specialist insurance broker PIB Group Ltd. has purchased Spanish insurance brokerages Aguirre Vila-Coro Correduría Seguros S.L.U, Grupo Iddeas and Javier Sanchez Consultores, S.L.

A shareholder of Archer-Daniels-Midland has sued the commodities trader in U.S. federal court, days after the company’s stock plunged 24% on news that a securities regulator was investigating accounting practices in its nutrition segment.

Captive owners that care about environmental, social and governance issues will be able to create beneficial and long-term relationships with insurers and reinsurance partners, experts say.

Arthur J. Gallagher & Co. reported fourth-quarter revenue of $2.39 billion, a 19.9% increase over the same period in 2022.

Risk managers can use captives to negotiate down prospective commercial insurance rate hikes, even if they don’t end up using the captives to cover the risks, several captive owners said.

Captive market growth continues to surge as businesses of various sizes turn to these risk-financing vehicles to manage their insurance costs and cover gaps, experts say.

Generative artificial intelligence offers insurance industry organizations the opportunity to augment human expertise and significantly enhance and accelerate numerous tasks in claims and underwriting, a Google Inc. executive said.

Legislators in Oklahoma this week pre-filed legislation that would make line-of-duty mental injuries compensable for first responders.

Everest Insurance, the insurance division of Everest Group Ltd., Thursday said it has established a private equity practice to serve the needs of private equity sponsors and their portfolio companies in North America across property and casualty lines.

Rhode Island lawmakers have introduced legislation clarifying what types of workers would be considered employees for workers compensation purposes.

Marsh & McLennan Cos. Inc. Thursday reported fourth-quarter revenue of $5.6 billion, up 11% overall from the year-earlier period and 7% on an underlying basis.

A federal judge has held a Nebraska roofing contractor in contempt for failing to comply with an Occupational Safety and Health Administration subpoena, the U.S. Department of Labor announced Wednesday.