Business Insurance RSS feed
European convective storm losses to reach hundreds of millions
Volcanic eruptions in Italy force shutdown of Catania Airport
Nat cat losses in EMEA region reach $155 billion a year
Qatar nonlife insurance sector expected to remain resilient: S&P
Even ancient Egyptian scribes suffered repetitive motion injuries
While workers in some occupations today suffer from repetitive motion injuries, such occupational hazards are actually nothing new — ancient Egyptian scribes suffered from degenerative physical changes attributed to their job tasks, says a recent study published in Scientific Reports.
Boeing to plead guilty to fraud in probe of fatal 737 MAX crashes
Boeing Co. has agreed to plead guilty to a criminal fraud conspiracy charge and pay a fine of $243.6 million to resolve a U.S. Justice Department investigation into two 737 MAX fatal crashes, the government said in a court filing Sunday.
Bracing For Changing Property Risks
Insurers must adopt data-driven technology and tools to improve loss ratios and customer satisfaction.
Top insurance brokers, No. 2: Aon PLC
Aon PLC further cemented its position as the world’s second-largest brokerage this year by purchasing NFP Corp., significantly increasing its middle-market business.
Top insurance brokers, No. 3: Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co.’s continued appetite for acquisitions helped push the brokerage further up the ranks of the world’s largest brokers in 2023, with three sizeable deals completed last year expected to significantly expand the company’s capabilities.
Top insurance brokers, No. 5: Hub International Ltd.
Another year of multiple acquisitions and solid organic growth helped push Hub International Ltd.’s revenue past the $4 billion mark in 2023.
Top insurance brokers, No. 6: Brown & Brown Inc.
Brown & Brown Inc.’s strong organic growth and many acquisitions, including several in the United Kingdom, combined to produce solid revenue gains in 2023.
Top insurance brokers, No. 7: Acrisure LLC
Acrisure LLC eased its traditionally torrid acquisition pace in 2023, focusing instead on its reorganization into a regional structure and a brand strategy that will have all offices operating under the corporate name.
Top insurance brokers, No. 1: Marsh & McLennan Cos. Inc.
Marsh & McLennan Cos. Inc. delivered solid revenue growth last year, as it spent $1.6 billion on acquisitions and expanded its middle-market business in the U.S. and Australia.
Top insurance brokers, No. 4: Willis Towers Watson PLC
Willis Towers Watson PLC delivered improved revenue growth last year, driven by strong organic growth in its risk and broking business as its specialization strategy yielded new business and hiring efforts paid off.
Top insurance brokers, No. 8: Alliant Insurance Services Inc.
Alliant Insurance Services Inc. expanded its range of specialist businesses in 2023 by purchasing health care brokers and launching its reinsurance brokerage division.
Top insurance brokers, No. 9: Lockton Cos. LLC
Lockton Cos. LLC saw nearly 15% revenue growth in 2023, mainly from existing operations.
Top insurance brokers, No. 10: TIH Insurance Holdings LLC
TIH Insurance Holdings LLC, formerly Truist Insurance Holdings Inc., announced its new name and rebranding in early May after its former bank parent sold the unit to private-equity investors.
Insurance sector seeks new ways to attract staff
Traditional recruitment methods supplemented by social media strategies, efforts to target underrepresented
Cultivating diversity seen as key in attracting talent
Insurance sector employers must diversify their workforce to be considered a viable career option for younger generations, experts say.