Author: completebodyneeds

First quarter 2026 underwriting income in American International Group’s (AIG) General Insurance segment increased nearly 220% compared with the prior year, to $774 million. Financial results for the first three months of the year included catastrophe losses of $180 million, compared with $525 million a year ago, plus favorable net prior year development of $132 million versus $64 million in Q1 2025. The combined ratio for the General Insurance unit—which includes North America commercial, international commercial, and global personal—was 87.3 in Q1 2026 compared with 95.8 for Q1 2025. “We delivered impressive top-line growth with net premiums written increasing 24%…

Marsh McLennan Agency (MMA) announced that it has reached an agreement to acquire TriBridge Partners, an independent benefits broker and retirement and wealth advisor headquartered in Columbia, Maryland. Terms of the acquisition were not disclosed. TriBridge Partners was founded in 2013 upon the strategic merger between three regional brokerage and advisory firms serving the Mid-Atlantic. According to the agreement, all employees, including co-founders and co-owners Heath Hykes, chief executive officer; Dane Rianhard, founding principal; John Morris, principal; and Paul Younkins, chief growth officer, will join MMA and continue to operate out of the firm’s existing Columbia office location. John Stanchina,…

Marsh Appoints Silberberg Energy & Power Infrastructure Leader, Marsh Risk, US & Canada Joanne Silberberg Marsh appointed Joanne Silberberg to the newly created role of energy and power infrastructure leader, Marsh Risk, U.S. and Canada. Silberberg will work closely with Marsh’s energy and power, construction, and specialty teams across the U.S. and Canada to deliver sector-informed, integrated solutions to energy infrastructure clients. Silberberg has over 20 years of experience working in Marsh’s Energy & Power Practice in Australia and Canada, where she took on roles of increasing responsibility. She most recently served as Energy and Power Leader for Canada and…

The Department of Justice announced a proposed settlement with Cleveland-Cliffs Steel Corporation (Cliffs) requiring it to address releases of hazardous waste at its Middletown Works facility. Under the proposed consent decree, Cliffs will perform long-term corrective measures to comply with the Resource Conservation and Recovery Act (RCRA). The required corrective measures will address several site areas at the Middletown Works, a 2,600-acre integrated steel mill that has operated in Middletown, Ohio, since 1901. This consent decree will provide final closure to a civil lawsuit against Cliffs’ predecessor, AK Steel Corporation, by the Department of Justice and later joined by the…

This edition of International People Moves details appointments at Apollo and The Fidelis Partnership. Apollo Launches Int’l Casualty Reinsurance Business, Led by Berkley Re’s Mackenzie Apollo, the London-based subsidiary of Skyward Group, announced the launch of an international casualty reinsurance class of business, which introduces a low-volatility portfolio that offers access to new markets, while solving complex challenges for both new and existing clients. Via its new class of business, Apollo said it aims to solves complex challenges for both new and existing clients. Tim Mackenzie Tim Mackenzie will join in October this year to lead the class, bringing more…

Two young people have been arrested in an alleged plot to attack a Texas synagogue that involved driving through the congregation to “kill as many Jews as possible,” according to authorities and court documents. The arrests come a month after an armed man crashed his pickup truck into a major Detroit-area synagogue in another attack on Jewish people. Synagogues around the world have increased security and protections for worshippers since the U.S. and Israel launched a war with Iran on Feb. 28. Angelina Han Hicks, 18, of Lexington, North Carolina, was held in the Davidson County jail under a $10…

U.S. District Judge Henry E. Autrey this week sentenced former St. Louis Alderman Brandon Bosley to 16 months in prison for insurance fraud and lying to the FBI. Bosley will be on supervised release for three years after his release from prison. Judge Autrey also ordered Bosley to pay restitution of $6,253.90 to the insurance company that he defrauded. Bosley, 38, was found guilty by a jury in U.S. District Court in St. Louis in January of three felony wire fraud charges and one count of making a false statement to the FBI. Evidence and testimony at trial showed that…

Iran said on Thursday it would respond with “long and painful strikes” on U.S. positions if Washington renewed attacks, and also reasserted its control over the Strait of Hormuz, complicating U.S. plans for a coalition to reopen the waterway. Two months into the U.S.-Israeli war with Iran, the vital sea channel remains closed, choking off 20% of the world’s oil and gas supplies. That has sent global energy prices surging and heightened concerns about the risks of an economic downturn. Efforts to resolve the conflict have hit an impasse, with a ceasefire in place since April 8 but Iran still…

Insurtech Hippo reversed a first quarter net loss of $47.7 million last year and posted net income of about $7.1 million for the first three months of 2026. Results a year ago included total catastrophe losses of $53.4 million, of which $45 million was from the California wildfires. The San Jose, California-based insurer reported $4.3 million in catastrophe losses for Q1 2026, and said the dramatic change in cat losses more than offset a reduction in fee income after it sold a homebuilder distribution network to The Baldwin Group last year. Hippo posted a 99.5 combined ratio for Q1, favorably…

Insurance broker Lockton announced it has secured a reinsurance license in the Kingdom of Saudi Arabia, which marks the next phase of Lockton’s geographical expansion and reflects the firm’s broader international strategy to deliver tailored facultative and treaty solutions to local insurance communities. This expansion connects Lockton’s global wholesale and reinsurance expertise, enabling Lockton to meet insurers’ growing requirements to deliver world-class capacity and solutions tailored to the evolving risk needs across Saudi Arabia. The reinsurance business will be led by Mohammed Al Rowais. Al Rowais brings more than 15 years of experience in the Saudi insurance market where he…