World Insurance Associates LLC acquired the business of Dunaway Insurance Agency of New Palestine, Ind., and Hoosier Insurance Agency of Bloomfield, Ind., on June 1. Terms of the transaction were not disclosed.
Miller has partnered with Specialty Program Group Canada and NormanMax Syndicate 3939, to facilitate a binder between the two parties, granting SPG Canada full underwriting authority for a first-of-its-kind parametric approach to earthquake risk across British Columbia. This binder has been established to empower SPG Canada to underwrite coverage directly, enabling commercial property owners to better manage the growing challenge of high and cost-prohibitive earthquake deductibles through a fast, transparent and efficient alternative.
Pine Walk Capital Limited launched Arenite Specialty. Arenite will write Surety and Credit Risk insurance initially focused on Australia, Asia Pacific and Latin America.
RIMS Ontario Chapter presented the Donald M. Stuart Award to Daniel Desjardins, senior director, Global Risk Management & Insurance at Bombardier Inc. The Donald M. Stuart award is widely recognized as Canada’s highest honor within the risk management field and, since 1979, has celebrated Canadians who have made outstanding contributions to the profession. The award was presented at RIMS Canada Conference 2025 in Calgary.
Direct written premiums saw double-digit growth for the seventh straight year for U.S. excess and surplus insurers, according to Fitch Ratings in its latest annual market review for the property/casualty subset. The U.S. E&S direct written premiums grew by 11% in 2024, down from 15% the prior year but higher than the 8% increase for U.S. P/C insurers overall. This represented the 14th consecutive year of premium growth.
GreenieRE has partnered with United Casualty and Surety Insurance Company to launch a Renewable Energy Surety Program, it was announced today. This new program will bring a suite of products to the market designed to provide bonds for renewable energy developers and utility owners in the event that contracted projects are not completed or unable to be fulfilled.
The U.S. property/casualty industry recorded $11.2 billion in net underwriting income in the first half of 2025, according to a new AM Best report. According to the report, the P/C industry’s combined ratio improved to 96.4 in first-half 2025 from 97.8 in the same period of 2024. AM Best estimates that catastrophe losses accounted for 10.9 percentage points on the six-month 2025 combined ratio, up from an estimated 8.8 points in the previous year.
Risk & Insurance Education Alliance has announced that Tia Wiley is the 2025 Outstanding CSR of the Year recipient for the state of Florida. Tia was selected for having demonstrated outstanding service and professionalism within the insurance community.
Laplace Alternative Risk Solutions launched its structured insurance programs. Named after the French mathematician Pierre-Simon Laplace, whose work laid the foundation for statistical risk modeling, the company reflects a commitment to analytical precision and innovation in risk transfer. Laplace will be fully supported by MISSION, a technology-driven global underwriting company empowering world-class talent to build specialist insurance programs.
CFC launched a new product designed to bring peace of mind to a wide range of organizations across North America. CFC’s new Safeprotect Misconduct Liability offers broad sexual abuse and molestation coverage in the event of a wrongful act committed by an employee of an insured entity against a third party or in the event of failure to supervise.
Noldor partnered with Spotlight Entertainment Insurance, an insurance program specializing in providing solutions to the entertainment industry. In connection with this partnership, Spotlight Entertainment required the integration of multiple data sources, proprietary coding processes and strict regulatory reporting. Noldor played a critical role in unifying and automating these processes, reducing manual work and enabling Spotlight to meet insurance company-specific requirements with speed and accuracy.
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