Erste Group Bank AG sold a significant risk transfer linked to more than €10 billion ($11.7 billion) of loans as the Austrian bank seeks to free up capital for its largest ever acquisition. The Vienna-based lender sold the SRT to …

CRC Group, the Charlotte, North Carolina-based wholesale specialty and MGA business, announced the completion of its acquisition of Atrium, the Lloyd’s managing agency. Atrium will retain its brand name and operate independently under the leadership of CEO John Fowle and …

Sompo Holdings Inc. is aiming to increase investments in higher-yielding overseas credit to boost profits as traditional business flounders at Japan’s third-biggest property and casualty insurer. The Tokyo-based company moved several investment managers from its Japan insurance subsidiary to work …

A Detroit suburb has agreed to a $3.25 million settlement with the family of a young woman who had been declared dead at home but then gasped for air and opened her eyes when her body bag was unzipped at …

U.S. Rep. Monica De La Cruz promised to explore new ways for migrants to work legally in the construction industry. The Edinburg Republican announced on Monday her plans to meet with the U.S. Department of Labor, after South Texas builders …

Insurance Industry Charitable Foundation Announces Marohn as Chair of IICF Board of Governors The Insurance Industry Charitable Foundation (IICF) named Steve Marohn, president, commercial lines at Grange Insurance, as chair of IICF’s board of governors. Adam McDonough, executive vice president …

Insurance Journal is now accepting nominations for its annual Agents of the Year awards, which recognize top-performing property/casualty insurance agents and producers across the industry. The awards program highlights professionals who demonstrate exceptional expertise, leadership, and career achievement within their …

Almost all US power grids will lack critical spare capacity by 2030 as demand surges to supply data centers, with bottlenecks threatening to hand China an edge in the artificial-intelligence boom, according to an analyst at Goldman Sachs Group Inc. …

Fire safety inspections hadn’t been carried out since 2019 at the Swiss bar where a fire at a New Year’s party left 40 people dead and over 100 injured, local authorities said Tuesday. Investigators have said they believe sparkling candles …

Patriot Growth Insurance Services, headquartered in Fort Washington, Pennsylvania, appointed Tom Rogers as chief sales officer. Rogers leads Patriot’s sales strategy and new-business growth initiatives, focusing on producer performance, sales infrastructure, and long-term, sustainable growth across the organization. Rogers has …

On the first anniversary of the most destructive wildfires in the L.A. area, the scant home construction projects stand out among the still mostly flattened landscapes. Fewer than a dozen homes have been rebuilt in Los Angeles County since the …

The Andover Companies has completed its reorganization into a mutual holding company structure, effective January 1, 2026. The plan of reorganization was recently approved by the Massachusetts Division of Insurance and the policyholders of Merrimack Mutual Fire Insurance Co. and …

When Vermont Gov. Phil Scott announced that state workers would need to return to offices at least three days per week starting Dec. 1, the state employees’ union warned the initiative could cause a mass exodus of top staff. So …

Another Trump administration effort to punish a political opponent is in legal limbo after a federal judge disqualified the US attorney in Albany, New York, investigating state Attorney General Letitia James. John Sarcone, the acting US attorney for the Northern …

The District of Columbia-based bagel chain Call Your Mother Corp. has settled its trademark infringement complaint against a New Jersey bagel shop called Bubbi Bagels for using “Call Your Bubbi” in its marketing. Call Your Mother alleged that the use …

Procter & Gamble has begun rolling out new packaging and marketing for Crest children’s toothpaste under an agreement with Texas Attorney General Ken Paxton, after he expressed concern that encouraging excessive fluoride use could harm children. Paxton said Procter & …

Aspire General Insurance Services named April Moore general counsel. Moore is a legal and insurance leader with two decades of experience, previously serving as general counsel of USA Underwriters Insurance Company. She previously served at Nationwide, The Auto Club Group …

The investigation into the killing of a U.S. citizen by an ICE agent in Minneapolis this week is being complicated by clashes between federal and local officials, with the FBI taking control over the objections of Governor Tim Walz. State …

Germania Insurance announced the placement of its first catastrophe bond, issued through Handshake ReLtd., as part of the company’s broader reinsurance and capital management strategy. The transaction became effective Jan. 1, 2026. The catastrophe bond provides $100 million of per …

The MEMIC Group announced the successful closing of its acquisition of The Dakota Group, including Risk Administration Services, Inc. and its affiliated service companies. The strategic combination positions MEMIC as the third-largest multi-state workers’ compensation specialist in the United States, …