Author: completebodyneeds

Howden announced it has acquired the intellectual property assets of Cybeta, a leading cyber data and analytics provider. The acquisition enables Howden to provide clients with faster, more precise insight into cyber risk, supporting better underwriting, placement, and claims outcomes. Fishers, Indiana-based Cybeta was founded in 2019 by a team of data science experts with experience in the U.S. Department of Defense (DoD) and intelligence communities to help businesses predict and prevent cyber attacks. In addition to the acquisition, former members of Cybeta’s team also join Howden, bringing expertise in proactive, expert-driven cyber threat intelligence and predictive analytics to identify,…

John Montague joined Alliant Insurance Services as vice president within its employee benefits group. Based in Minneapolis, Minnesota, Montague has more than 30 years of industry experience spanning the provider, payer, and patient landscapes with a focus on the delivery of technology-enabled healthcare solutions that improve system performance and client outcomes. Montague also has leadership experience in population health, software development, and systems integration, providing him with a comprehensive perspective on the evolving healthcare ecosystem. Topics Alliant Was this article valuable? Yes No Here are more articles you may enjoy. The most important insurance news,in your inbox every business day.…

AXA XL announced the creation of a new Business Unit dedicated to prevention. The new unit, led by Global Chief Underwriting Officer Libby Benet, will accelerate the development and reach of AXA XL’s risk consulting capabilities and prevention services. The Business Unit will combine advanced data, analytics and technology with AXA XL’s risk engineering and advisory expertise to deliver innovative solutions to help businesses address today’s most pressing risks, including climate, supply chain disruption, cyber threats and operational resilience. AXA’s 2025 Future Risks Report highlights prevention as a critical strategy for the future, with 86% of experts agreeing that the…

It’s becoming clearer by the day that Brightline, the struggling Florida private railroad, is shaping up to rank among the biggest municipal-bond restructurings ever, alongside the likes of Puerto Rico and Detroit. But that’s where any clarity around the future of billionaire Wes Edens’ $6 billion passion project ends. The Fortress Investment Group-backed railroad’s complex debt structure — a mix of municipal and corporate notes issued by four subsidiaries — is among the biggest challenges, as are the pack of firms jockeying for position in any workout scenario. Invesco Ltd. and Nuveen LLC, giants in the world of tax-exempt securities,…

U.S. workers’ compensation net written premium decreased 0.2% in 2025, according to the National Council on Compensation Insurance (NCCI). NCCI reported that while the calendar year 2025 combined ratio for workers’ compensation is 91 (compared with 86 the prior year), the workers’ comp accident year 2025 combined ratio is 102 with prior years continuing to experience downward reserve development. The annual State of the Line Report analyzed U.S. private workers’ comp carrier data from the 38 states served by NCCI. NCCI said that it’s the 12th consecutive year where the workers’ comp calendar year measured below 100, an indication of…

California Attorney General Rob Bonta is looking into what he says are reports of misleading ticketing practices for the 2026 FIFA World Cup that are potential violations of California law. Bonta sent a letter to FIFA raising concerns about ticketing practices asking for information. California consumer protections laws include prohibitions on marketing practices that are likely to mislead them. Recent reports raised concerns that FIFA sold tickets based on seating categories displayed on stadium maps and later altered those seating categorizations before assigning precise seat locations. The 2026 FIFA World Cup is scheduled to begin on June 11 and feature…

Indiana-headquartered Shepherd Insurance, ranked as one of the largest groups of independent agencies, has acquired Arnold Insurance in southwest Florida, the company announced. The partnership will keep the Arnold team in place while giving access to Shepherd’s broader carrier relationships and resources. Kyle Arnold is owner of the agency in Port Charlotte, near Fort Myers. The agency was founded in 2014. Shepherd, founded in 1977, now has seven Florida agency offices and 45 offices in six states, writing commercial and personal insurance, and offering employee benefits. Quinn Shepherd is CEO. Topics Mergers & Acquisitions Florida Was this article valuable? Yes…

Brookfield Corp. is merging its shares with those of its insurance business as the firm pushes ahead with plans to transform itself into an investment-led insurer. The merger of the parent company and the insurance business will improve Brookfield Corp.’s overall capital structure and give it access to the combined group’s asset base to pursue growth, Chief Executive Officer Bruce Flatt said in a letter accompanying its first-quarter earnings statement on Thursday. The asset manager’s distributable earnings before realizations rose to $1.4 billion in the first quarter, a 7% increase from the prior year, according to the statement. Profits from…

Workers at Denver airport missed a security breach by a man who scaled a perimeter fence and crossed a runway where he was hit and killed in a fiery collision by a plane with 231 people on board, authorities said Tuesday. The runway fatality underscores the longstanding challenge of keeping intruders out of major airports. Denver International Airport sprawls across 53 square miles—twice the size of Manhattan—on open prairie northeast of the city center. The 41-year-old trespasser triggered an alarm as he crossed into the airport in a remote area about 2 miles from the terminal late Friday night. But…

AM Best has downgraded the credit ratings of Massachusetts-based workers’ compensation carrier Arrow Mutual Liability Insurance Co. The ratings firm downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb+” (Good) from “a-” (Excellent). AM Best revised the outlook of these credit ratings to stable from negative. AM Best said the rating downgrades reflect Arrow’s “persistent underwriting and operating losses, which have not demonstrated sustained improvement as the company has generated an underwriting gain in only one of the past 10 years.” Although Arrow reported favorable results in 2024, those results…