Patricia Wells

Specialist Risk Group (SRG), a London-based insurance intermediary, has completed the purchase of German broker Ecclesia’s businesses in the Netherlands and Belgium. This deal, first announced in January 2025, marks SRG’s official entry into mainland Europe and is a big step in its plan to grow internationally. Financial details of the acquisition were not made … Read more

Liberty Global Transaction Solutions (GTS) and Amwins, two major players in the insurance world, have announced key leadership updates that highlight their continued growth and focus on expertise. Jason Remsen has been named head of East, Americas at Liberty GTS. Based in New York City, Remsen brings a strong background as a corporate attorney, with … Read more

Beijing is once again facing heavy rain just a week after devastating floods struck the city, causing at least 44 deaths. On Monday afternoon, the city’s meteorological agency raised its rainstorm warning to red—the highest alert—after earlier setting it at orange. Some areas could see more than 200 millimeters (about 8 inches) of rain in … Read more

The architecture and engineering world is shifting fast. New methods and tools are helping teams work smarter and cut costs. But these changes also bring new risks that firms and their insurance agents need to manage carefully. One big shift is in how projects are delivered. Many firms now favor the design-build approach. This method … Read more

In the second quarter of 2025, renewal rates for most major commercial insurance lines went up compared to last year, but they slipped a bit from the first quarter of 2025. This is according to the latest Ivans Index report, which tracks premium trends for insurance carriers, agents, and managing general agents. The Chicago-based company … Read more

The independent insurance agency channel accounted for 61.5% of all property and casualty insurance written in the U.S. in 2024, showing a slight dip from 62.2% in 2023. This data comes from the 2025 Market Share Report released by the Big “I” trade association, which tracks the role of independent agents in the insurance market. … Read more

Aon, a global professional services firm, has released a new report warning that the current competitive market for commercial insurance buyers may not last long. In the second quarter of 2025, the insurance market shows signs of softness, but it’s a fragile softness, according to Joe Peiser, CEO of Commercial Risk for Aon. He described … Read more

The Travelers Companies reported a strong rebound in their second-quarter results, with net income soaring to around $1.5 billion, up $975 million from the same period last year. This turnaround reversed an underwriting loss they had faced in the prior year’s quarter. One of the biggest improvements came from their underwriting profit, which hit about … Read more

In January, a U.S. Army Black Hawk helicopter collided midair with an American Airlines passenger jet near Washington, D.C., killing all 67 people on both aircraft. Experts told the National Transportation Safety Board (NTSB) that the helicopter pilots likely struggled to spot the jet because they were using night vision goggles, which made it hard … Read more

Specialty Program Group, based in Chicago, has bought ANOVA Marine Insurance, a managing general agent and Lloyd’s coverholder located in Florida. ANOVA, which started in 2011, provides insurance for cargo, logistics, liability, and bonds. Their clients include shipping lines, trading companies, and freight forwarders around the world. ANOVA has offices in Miami and New Jersey, … Read more