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Federal prosecutors have collected statements from senior executives at billionaire Mark Walter's Guggenheim Partners and insurance companies as part of an ongoing probe into their dealings.
Daniel Towriss, head of Walter's insurance arm, and Andrew Rosenfield, Guggenheim's president, are among those who provided information. They are not believed to be targets of the investigation.
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NFP, a subsidiary of Aon, has acquired US-based risk management firm Moores Insurance.
NFP, an Aon company and a property and casualty (P&C) broker and benefits consultant, has acquired Moores Insurance Management, a multi-line risk management firm based in Minnesota, USA. Established i
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AI adds to competitive pressures facing UK commercial brokers, with 9.2% identifying it as a major threat
A GlobalData survey found that AI is emerging as a competitive concern for UK commercial brokers, as new AI-enabled distribution channels create additional ways for customers to begin their insurance
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Elon Musk retweeted a post criticizing California's insurance policies, stating that they prevent Tesla FSD users from receiving discounts based on driving behavior.
Elon Musk retweeted a post from WintonARK, which highlighted that California is the only state prohibiting insurance companies from pricing policies based on actual driving behavior. This has resulted
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Copart (CPRT) Q4 Earnings Call: Global unit sales down 2.9%, but international business grew 10%; total loss frequency hit a record high of 23.3%, and average collision severity increased by 8.8% year-over-year.
Copart management stated on the Q4 FY2026 earnings call that the company's global unit sales decreased by 2.9%, with a 5.7% decline domestically in the US and a 10% increase internationally. Global in
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UK-based MNK Group completes acquisition of Danish non-life insurer ETU Forsikring
UK-based MNK Group has completed the acquisition of 100% of ETU Forsikring, a Danish non-life insurer, marking MNK Group's first risk carrier domiciled in the EU. The deal followed approval from the D
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U.S. Senator Elizabeth Warren urges insurance regulators to explain how they oversee the influence of Wall Street firms on insurers.
U.S. Senator Elizabeth Warren is urging the National Association of Insurance Commissioners (NAIC) to explain how it regulates the influence of Wall Street firms on insurers and their private credit i
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Baron Generational Growth Fund analysis indicates that the flattening of premiums in the property and casualty insurance market led to a 13.71% decline in the share price of U.S. insurer Kinsale Capital Group (KNSL) over the past year.
Baron Generational Growth Fund noted in its Q2 2026 investor letter that the "softening" property and casualty insurance market, leading to flat or declining premium prices, has impacted the valuation
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HKMCA Partners with Chow Tai Fook Life Insurance, Expanding Referral Network to Three Insurers
HKMCA Partners with Chow Tai Fook Life Insurance, Expanding Referral Network to Three Insurers
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SGA U.S. Large Cap Growth Strategy Liquidated Its Position in Aon plc (AON) in Q2 2026, Citing Softer Insurance Pricing
SGA U.S. Large Cap Growth Strategy Liquidated Its Position in Aon plc (AON) in Q2 2026, Citing Softer Insurance Pricing
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Swiss Re Forecasts Global Data Center Insurance Premiums to Reach $20-$30 Billion Annually by 2030
Reinsurer Swiss Re, in a report this month, projected that the global premiums for insuring data centers will likely hit $20 billion to $30 billion per year by 2030, driven by the $1 trillion race to
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Samsung Insurers Reportedly Eye W9tn ($6.6bn) UK/US Deals
Samsung's two insurance arms, Samsung Fire & Marine Insurance and Samsung Life Insurance, are reportedly considering overseas acquisitions potentially worth up to 9 trillion won ($6.6 billion) in the
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FPA Queens Road Small Cap Value Fund highlights RLI Corp. in Q2 2026 investor letter, citing strong performance and adding to its position
In its second-quarter 2026 investor letter, First Pacific Advisors' FPA Queens Road Small Cap Value Fund praised specialty insurer RLI Corp. (NYSE:RLI) for its selective business approach, diversified
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Disasters to cost world $450bn a year from climate change and development, FT reports
According to the Financial Times, more than half of these losses are not covered by insurance, as carriers are increasingly carving out risk and cutting exposure.
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Marsh unveils $10bn property insurance exchange for digital infrastructure risks
Marsh has introduced a property insurance exchange aimed at covering the operational risks linked to digital infrastructure projects including data centres and related critical support systems. Called
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Fosun International rebounds to stronger H1 profitability, shifts focus to pharmaceuticals, insurance, and tourism
The group's improved performance follows a clean-up of its property portfolio and was aided by the absence of heavy impairments that affected 2025 earnings. Chairman Guo Guangchang stated on Thursday
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Prudential announces US$300M share buy-back, reports 8% H1 new business profit growth
British insurer Prudential announced a US$300 million share buy-back, to be completed by December. The company also reported an 8% increase in new business profit for the first half of the year, a slo
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Orbis Investment Management, in its Q2 investor letter, noted that insurance brokerage firm Brown & Brown (BRO) was mistakenly perceived by the market as a victim of the AI shock.
Orbis Global Equity Strategy, under Orbis Investment Management, stated in its Q2 2026 investor letter that AI's impact on Brown & Brown's (BRO) core commercial and professional insurance businesses i
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State Farm, the largest auto insurer in the United States, will return $5 billion to auto policyholders.
State Farm announced it will return $5 billion to auto policyholders through a one-time dividend and will lower auto insurance rates in multiple states. As a mutual company, State Farm's underwriting
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Orion180 Files for IPO, Eyeing Home and Flood Insurance Market
Orion180 Files for IPO, Eyeing Home and Flood Insurance Market
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Monetary Authority of Singapore's Daniel Wang: Life and health insurance claims reached S$5.79 billion in Q1 2026, while general insurance claims totaled S$1.8 billion.
Daniel Wang, Executive Director of the Insurance Department at the Monetary Authority of Singapore (MAS), stated at the Singapore College of Insurance's 2026 Graduation Ceremony that Singaporean life
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Insurance brokerage giant Marsh & McLennan plans to use AI to boost productivity and centralize operations to achieve efficiency and cost savings
Marsh & McLennan Companies, Inc. (NYSE:MRSH), the world’s largest insurance brokerage and risk management firm, is planning to boost productivity through the use of artificial intelligence (AI) and to
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WeRide announced the launch of its global insurance partnership program
WeRide announced the launch of its global insurance partnership program, with Allianz Insurance Singapore and Ping An Property & Casualty Insurance Company of China becoming the first partners. The pr
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Australian insurer Challenger rejects Daiichi Life unit's takeover bid
Australian insurer Challenger rejects Daiichi Life unit's takeover bid
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Tokio Marine to offer insurance for AI-enabled robots from next month, with premiums 20% higher than regular industrial counterparts
Tokio Marine Holdings will begin selling insurance for artificial intelligence-powered robots starting next month, as the global market for these machines is expected to exceed $80 billion within 10 y
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Bloomberg reports that U.S. life insurers' investment exposure to artificial intelligence surged by 24% in the first half of this year, with continued growth expected.
Bloomberg reports that U.S. life insurers' investment exposure to artificial intelligence surged by 24% in the first half of this year, with continued growth expected.
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DBRS Morningstar: Losses from the French riots will test insurance coverage, while a new state-backed system is about to be implemented.
DBRS Morningstar: Losses from the French riots will test insurance coverage, while a new state-backed system is about to be implemented.
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French insurers have incurred over 1 billion euros in losses due to the recent riots, which have been described as a "natural disaster." The government is pushing for mandatory riot insurance for properties, anticipating similar events will occur annually.
French insurers have incurred over 1 billion euros in losses due to the recent riots, which have been described as a "natural disaster." The government is pushing for mandatory riot insurance for prop
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French Trade Minister: Government discussing riot losses with insurers, claims deadline to be extended from 5 to 30 days.
French Trade Minister Serge Papin announced that the government is in discussions with insurance companies to assess the damages caused by violent riots across the country last weekend, and the claims
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EU Officials Propose Guardrails for Insurance Risk Transfer
The European Union is considering strengthening rules around a riskier form of insurance provided to the banking sector. This move is part of an upcoming package aimed at broadly easing access to secu
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Firelight adds $30.5 million of cover to Kraken USDC vault
The coverage imposes a $100,000 cap per address per coverage period, with payouts managed by Sentora instead of being guaranteed by Kraken.
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Wallstreetcn: China's leading insurers increased their equity investment allocation in the first half of the year, with China Life rising to 13.06% and New China Life to 13.2%.
According to Wall Street Insights, financial reports from leading listed insurance companies indicate a new round of increased allocations has been made to their portfolios. In the first half of 2026,
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Shinhan Financial Group to acquire Lotte Insurance for $516 million
Shinhan Financial Group has signed an agreement to acquire a 77.04% stake in Lotte Insurance from private equity firm JKL Partners for 693.3 billion won ($516 million). Following regulatory approval,
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NEXTPredict hedges conference risk on prediction market Kalshi
NEXTPredict, organizers of a prediction markets conference, paid a $12,000 premium on Kalshi to hedge their upcoming event, securing $3 million in coverage if more than half of flights to New York's J
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WSJ: Index Annuities Fuel Private Credit's Rise, With Returns Calculated by Formulas Periodically Adjustable by Insurers
The Wall Street Journal reported that indexed annuity products have played a key role in the rise of private credit. These products guarantee investors no market losses, but insurers can periodically
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Sam Altman-backed Bitcoin insurer Meanwhile completes $37.5 million funding round
Meanwhile, a Bitcoin life insurance company backed by OpenAI founder and CEO Sam Altman, has completed a $37.5 million funding round. The round was led by existing investor Bain Capital Crypto, with p
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Report: Prudential Life Japan's Overly Competitive Culture Fostered Misconduct
Tokyo time Thursday, Prudential Life Insurance Japan released a report detailing how performance-based compensation fueled years of misconduct at the company. The report noted that compensation primar
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Sanlam's $1.2 Billion Santam Bid to Boost Capital Deployment Freedom
Africa's top insurer Sanlam Ltd. is bidding $1.2 billion to take full ownership of Santam Ltd., a move expected to give it greater flexibility in deploying capital across Africa, India, and the Lloyd'
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Himalayan hydropower boom faces mounting insurance pressures
The industry in the Hindu Kush Himalaya region is experiencing persistently high damage-related losses as high-altitude icy zones become more unstable due to human-induced climate change, increasing t
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Japan's Asahi Life aims to hire 1,000 Vietnam staff with acquisition of MVI Life
Asahi Mutual Life Insurance plans to employ a sales team of around 1,000 in Vietnam. The insurer looks to offer health insurance and adapt locally with dual sales channels following its acquisition of
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NVIDIA Seeks Insurers to Share AI Infrastructure Risks
NVIDIA, the world's most valuable listed company by market capitalization, is seeking new ways to attract deeper Wall Street participation in financing the AI boom by partnering with insurance compani
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Golden Gate Capital Sued by Policyholders Over $2.2 Billion Capital Shortfall at Insurer
Policyholders of life insurer PHL Variable Insurance Co. are suing its private equity owner, Golden Gate Capital, alleging self-dealing and mismanagement that led to a $2.2 billion capital shortfall f
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South Korean Financial Firms Seek Overseas M&A to Fuel Growth
South Korean banks and insurers are actively pursuing overseas deals to boost growth, marking a broader outward shift for an industry that has historically focused on domestic operations, unlike globa
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Japan's Itochu and Aioi Nissay Dowa Insurance to jointly develop robotaxi insurance for US operators, aiming for sales as early as fiscal 2027
Japan's Itochu and Aioi Nissay Dowa Insurance to jointly develop robotaxi insurance for US operators, aiming for sales as early as fiscal 2027
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Japan's Sumitomo Life Insurance to deploy an AI system to help sales agents propose tailor-made insurance products, starting next fiscal year.
Japan's Sumitomo Life Insurance to deploy an AI system to help sales agents propose tailor-made insurance products, starting next fiscal year.
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Musk retweeted a post showcasing xAI's Grok 4.7 identifying multiple errors in a $2 million insurance claim, including an $82,000 duplicate invoice and $64,000 in missed vendor credits.
Musk reposted Box's tweet, which showcased xAI's Grok 4.7's performance in handling a $2 million insurance claim. Grok 4.7 successfully reconciled the claim with the policy and supporting records, ide
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Insurance
24H Trending
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Ecolab Inc. (ECL) Q3 Earnings Report EPS: $2.18, market expectation $2.18 Revenue: $4.69 billion, market expectation $4.7 billion Reporting Period: Q3 FY2026 (ended September 30, 2026) Release Date: October 27, 2026
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American Tower Corporation (AMT) Q3 Earnings Report Earnings Per Share (EPS): $1.64, Market Expectation $1.64 Revenue: $2.79 billion, Market Expectation $2.76 billion Reporting Period: Q3 FY2026 (ended September 30, 2026) Release Date: October 27, 2026
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Corning Inc (GLW) Q3 Earnings Report EPS: $0.91, Market Expectation $0.88 Revenue: $5.08 billion, Market Expectation $5.03 billion Reporting Period: FY2026 Q3 (ended September 30, 2026) Release Date: October 27, 2026
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Galaxy Digital (GLXY) Q3 Earnings Report EPS: $0.83, market expectation $0.28 Revenue: $8.69 billion, market expectation $8.74 billion Reporting Period: FY2026 Q3 (ended September 30, 2026) Release Date: October 27, 2026
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HCA Healthcare, Inc. (HCA) Q3 Earnings Report EPS: $7.22, market expectation $6.65 Revenue: $19.85 billion, market expectation $19.33 billion Reporting Period: Q3 FY2026 (ended September 30, 2026) Release Date: October 27, 2026
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SK Hynix is up 6.86% from its previous close, now trading at ₩1,433,000.
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Freeport-McMoRan Inc. (FCX) Q3 Earnings Report EPS: $0.88, market expectation $0.82 Revenue: $7.55 billion, market expectation $7.36 billion Reporting Period: Q3 FY2026 (ended September 30, 2026) Release Date: October 27, 2026
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South Korea's KOSPI index rose 5.18% from its previous close, now at 5,930.51.
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South Korea's KOSPI index rose 6.16% from its previous close, now at 5,985.55.
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How Chinese Mainland Users Participate in Bitcoin Trading: Current Status, Risks, and Compliance Paths
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