MMA Appoints Balentine as President of National Business Insurance

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Adam Balentine Marsh McLennan Agency (MMA), headquartered in White Plains, New York, appointed Adam Balentine as President of National Business Insurance. Based in Kansas City, Missouri, Balentine leads the development of strategic growth initiatives for MMA’s property and casualty business, oversees the national claims group and manages specialized risk practices, proprietary products and programs. With … Read more

Jamaica Catastrophe Bond Headed for Full Payout After Hurricane, World Bank Says

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Investors in Jamaica’s catastrophe bond now face a 100% payout after Hurricane Melissa set off a full trigger event, according to the World Bank. Jamaica’s $150 million cat bond, which was arranged by the World Bank, is designed to provide funds to pay for only the most extreme weather events and is in addition to … Read more

Jamaica to Get 2nd Parametric Insurance Payout for Excess Rainfall From Storm Melissa

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The Caribbean parametric insurer, CCRIF SPC, announced it will make a second payout of US$21.1 million to the government of Jamaica – a policy triggered by excess rainfall from Hurricane Melissa. This payout follows the CCRIF’s first record payment of US$70.8 million to Jamaica to cover damages from Hurricane Melissa triggered by modeled losses from … Read more

Bain Capital Private Credit Executive Brushes off Systemic Concerns, Eyes Asia Growth

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The global private credit market currently has no systemic risks, while Asia offers the biggest growth opportunities, a senior Bain Capital private credit executive told Reuters. Concerns about weak lending standards in credit markets have resurfaced after the recent collapses of U.S. auto parts supplier First Brands and car dealership Tricolor, with investors focusing on … Read more

Engine Detached From UPS Plane Before Fatal Kentucky Crash

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The left engine came off a doomed United Parcel Service Inc. freighter moments before it crashed in a fireball near the company’s global hub in Kentucky, killing at least 12 people. Louisville Mayor Craig Greenberg said in a post on X that the death toll had reached a dozen and said several people were still … Read more

LA Wildfire Victims Ask Gov. Newsom to Call for Insurance Commissioner’s Resignation

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A few of the victims of the Los Angeles wildfires in January are asking California Gov. Gavin Newsom to call for the resignation of California Insurance Commissioner Ricardo Lara over reforms Lara pushed that were designed to help ease the state’s homeowners insurance crisis. The calls for Lara’s resignation follow a New York Times article … Read more

KCC Estimates Privately Insured Losses From Hurricane Melissa Will Hit $2.4 Billion

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Catastrophe modeler KCC estimated that privately insured losses from Hurricane Melissa will be $2.4 billion. This figure is at the top end of another estimate – between $2.2 billion and $4.2 billion – provided earlier this week by data analytics firm Verisk. Cotality, the property intelligence company (formerly known as CoreLogic), also has provided an … Read more

Anchored in Maritime Roots, the Cayman Islands Set Sail for Reinsurance Opportunities

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The Cayman Islands have a story familiar to many in insurance—entering the industry unexpectedly from somewhere else. In fact, the islands went from sustaining the economy as an exporter of thatch rope to becoming a thriving reinsurance hub in just over 50 years. Now, the islands are seeking qualified jurisdiction status with insurance regulatory authorities … Read more

Transforming Agencies with EZLynx Innovations

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This post is part of a series sponsored by EZLynx. We had an incredible time at Applied Net 2025, where innovation, learning, and collaboration took center stage for EZLynx® users. With over 350 EZLynx customers in attendance and over 50 enthusiastic EZLynx team members on-site, it was the perfect space to connect, share ideas, and … Read more

Cyber Insurance Will Grow by 15% in 2026

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Forrester Research predicts written cyber insurance premiums will rise 15% in 2026 as new artificial intelligence threats and data demands emerge. In a new report, analysts at the global market research company anticipate the widespread adoption of AI to reverse the cyber market’s recent deceleration. When asked why, Rohit Makhijani, a principal analyst at Forrester, … Read more