Insurance hires: MSIG, Aspen, Converge, Frankenmuth

The move is the latest in a string of acquisitions by CRC Group as it continues to scale its specialty distribution platform. In December 2024, CRC snapped up SLB Insurance Group to bolster its binding authority operations in the Southeast — particularly South Florida, where SLB had a strong presence in high-volume property business. Just…

The increase, the company said, was mainly due to “expected higher stop loss medical costs” and the lingering impact of Medicare Advantage operations that Cigna has since divested. The sale of its Medicare businesses to Health Care Service Corporation (HCSC), parent of several Blue Cross and Blue Shield plans, closed in late March. That transaction…

Reinsurance activity and US-based insurance gains helped offset aviation-related softness Source link

The Florida Third District Court of Appeal has sided with a lower court in a case scrutinizing how Progressive Express Insurance Company managed multiple claims stemming from a single accident. The decision, issued May 28, 2025, leaves in place a trial court ruling from Miami-Dade County without offering a detailed written opinion. Source link

New rules aim to protect buyers by aligning with SEC and NAIC guidelines Source link

The downstream energy sector saw limited major losses in 2024, encouraging insurers to reduce rates. However, potential losses in the first quarter of 2025 have already reached $1.5 billion, exceeding the prior year’s total, introducing potential volatility. Source link