Report reveals impact of US tariffs on global insurance sector

At the same time, UFG has embraced technology to navigate this turbulent landscape. Advanced catastrophe modeling, in particular, has reshaped the company’s ability to assess risk. “We’ve improved data capture and integrated new CAT modeling tools, allowing us to better analyze exposure and decide where we want to grow,” Salazar said. The models blend internal…

BTIS promotes head of operations Builders & Tradesmen’s Insurance Services, Inc. (BTIS), an Amynta Group company, has announced the promotion of Jessica Keefe to senior vice president, head of operations. With over 20 years of experience in compliance, operations, and strategic growth, Keefe has played a key role in BTIS’s expansion and operational efficiency since…

According to Resilience’s 2024 Cyber Risk Report, third-party related claims made up 31% of all cyber claims, with 23% of material losses linked to third-party risks. Ransomware remained a leading cause of loss, with 43% of claims involving first-party ransomware incidents. Additionally, ransomware targeting vendors emerged as a significant source of business interruption, contributing to…

At the time of initial funding, there were 313 Fortified-certified roofs in the state, according to the auditor’s report. As of Feb. 1, 2025, that number had increased to 5,413, representing a 17-fold growth over two years. The report noted that 64% of these certifications were not funded by the LFHP. Source link

Leadership reset finalised after investor-backed majority list wins vote Source link

Now in its sixth year, the Global 100 list aims to spotlight insurance professionals who have played key roles in business development, operational leadership, industry advocacy, and innovation. The individuals selected have been recognized for contributing to their organizations’ performance, advancing industry knowledge, or addressing systemic challenges in the insurance sector. Source link