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Lincoln International Agrees to Buy Insurance Brokerage Advisory MarshBerry
Insurance Journal | September 10, 2025
Lincoln International Agrees to Buy Insurance Brokerage Advisory MarshBerry
Lincoln International, a global investment banking advisory firm, said it has a definitive agreement to acquire MarshBerry, an advisory firm serving the insurance brokerage, insurance distribution, and wealth management sectors for over 40 years. Lincoln said Woodmere, Ohio-based MarshBerry will …
US Senator Cruz Proposes AI ‘Sandbox’ to Ease Regulations on Tech Companies
Insurance Journal | September 10, 2025
US Senator Cruz Proposes AI ‘Sandbox’ to Ease Regulations on Tech Companies
Republican U.S. Senator Ted Cruz introduced a bill on Wednesday that would let artificial intelligence companies apply for exemptions to federal regulation to help them experiment in developing new technology. Cruz leads the Senate Commerce Committee, which held a subcommittee …
US Commercial Lines Prices Increase 3.8%, Falling From Up 6% in Previous Quarters
Insurance Journal | September 10, 2025
US Commercial Lines Prices Increase 3.8%, Falling From Up 6% in Previous Quarters
U.S. commercial insurance rates increased 3.8% in the second quarter of 2025, according to the latest WTW Commercial Lines Insurance Pricing Survey (CLIPS). WTW said the price increase has been very close to 6% over the past six quarters. Carriers …
Bankruptcy Judge Rules Church Insurers Lack Standing to Contest Abuse Claims
Insurance Journal | September 10, 2025
Bankruptcy Judge Rules Church Insurers Lack Standing to Contest Abuse Claims
Insurers that have not indicated they will pay claims from sexual abuse survivors currently have no standing to contest certain claims as they are being considered, a federal bankruptcy judge recently ruled in a case involving the Roman Catholic Diocese …
Amazon’s Zoox to Launch Robotaxi Rides to Public in Las Vegas
Insurance Journal | September 10, 2025
Amazon’s Zoox to Launch Robotaxi Rides to Public in Las Vegas
Amazon.com Inc.’s autonomous driving unit Zoox has started offering rides to the public in Las Vegas, marking a first in the U.S. for a purpose-built robotaxi with no driver controls. Starting Wednesday, Zoox will offer trips in and around the …
Competition to Drive ‘Deteriorating’ Reinsurance Market, More M&A in 2026
Insurance Journal | September 10, 2025
Competition to Drive ‘Deteriorating’ Reinsurance Market, More M&A in 2026
Pricing and returns in the reinsurance market are expected to gradually come off recent highs, with the market facing moderately weaker, but still sound, operational and business conditions in 2026. Abundant capacity and rising competition across most property lines will …
Report: Ransomware Attackers ‘More Systematic,’ Claims Become Costlier
Insurance Journal | September 10, 2025
Report: Ransomware Attackers ‘More Systematic,’ Claims Become Costlier
A portfolio claims analysis shared by Resilience, a cyber risk solutions company, showed the year-over-year average cost of individual ransomware attacks rose by 17% in the first half of 2025. The new report found that successful attacks are becoming more …
Willis Launches Global Risk Engineering Team to Enhance Specialized Capabilities
Insurance Journal | September 10, 2025
Willis Launches Global Risk Engineering Team to Enhance Specialized Capabilities
Willis, a business of the broker WTW, announced the launch of a Global Risk Engineering team, as a key expansion of its Global Risk & Analytics (R&A) business. By consolidating and elevating its engineering capabilities, Willis said it is enhancing …
Markets/Coverages: IQUW Re Bermuda Adds Mortgage, Credit, Cyber to Product Suite
Insurance Journal | September 10, 2025
Markets/Coverages: IQUW Re Bermuda Adds Mortgage, Credit, Cyber to Product Suite
IQUW Re Bermuda, announced plans to expand its predominantly property cat reinsurance product suite with the additions of mortgage, credit, and cyber reinsurance to its portfolio. This continued product expansion comes at a time of significant development for IQUW. The …
Insurance Firm Definity Financial Readies C$1 Billion Debt Sale
Insurance Journal | September 10, 2025
Insurance Firm Definity Financial Readies C$1 Billion Debt Sale
Definity Financial Corp. plans to sell around C$1 billion ($723 million) of debt in two parts as it prepares to close the acquisition of Travelers Canada, according to people familiar with the matter. The senior notes will be sold in …