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AllianzGI Gets $744 Million for Latest APAC Private Credit Fund
Allianz Global Investors secured $744 Million in commitments for the first close of its latest private credit fund targeting investments in the Asia Pacific, underscoring sustained investor interest for the asset class in the region. The Allianz Asia Pacific Secured …
POSTED JUNE 23, 2026 3:44 PM |
Equal Parts Acquires Texas’ D3
Equal Parts, an InsurTech that acquires independent insurance agencies and equips them with artificial intelligence technology, announced it has acquired Texas-based D3. D3 was started in Amarillo, Texas by Rex Young, Stephanie Musick, Dustin Webb, and Brock Sherwood. Collectively, the …
POSTED JUNE 23, 2026 3:14 PM |
Big I: Independent Agencies’ Market Share Up Slightly in 2025
The independent agency channel placed 62% of all property/casualty insurance written in the U.S. in 2025, a slight increase from 2024 when 61.5% of insurance written was placed by independent agents. According to the 2026 Market Share Report published by …
POSTED JUNE 23, 2026 3:14 PM |
People Moves: Alliant Adds Jones as VP Within Employee Benefits Group
Alliant Insurance Services has added Yana Jones as Vice President within its Employee Benefits Group, expanding the firm’s benefits consulting capabilities in Indiana and across the region. Jones will work with employers to design benefits programs that align with business …
POSTED JUNE 23, 2026 3:04 PM |
Iran and Oman Say They’ll Work on Pact for Hormuz Transit Costs
Iran and Oman said they’ll begin work on finding an agreement over the future administration of the Strait of Hormuz, including the cost of managing transit, as traders and shipowners fret over the prospect of the introduction of a tolling …
POSTED JUNE 23, 2026 2:48 PM |
‘Super’ El Niño Risks Rise as Pacific Ocean Heat Soars
Exceptionally warm sea surface temperatures in the Pacific Ocean are setting the stage for a potential “super” El Niño of record-breaking intensity. Temperatures in a part of the equatorial Pacific that’s closely monitored to define El Niño and La Niña …
POSTED JUNE 23, 2026 2:02 PM |
LA Warehouse Fire That Prompted Shelter-in-Place Orders Still Burning
Seven days into a fire at a large frozen-food storage facility near downtown Los Angeles, firefighters began moving parts of the exterior walls to try to gain access but they have yet to enter the building, officials said. Firefighters continue …
POSTED JUNE 23, 2026 1:49 PM |
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles
Private U.S. property/casualty insurers posted a first quarter 2026 underwriting gain of $15.8 billion—quite the reversal after recording an underwriting loss of $864 million for the first three months last year. A new report from Verisk and the American Property …
POSTED JUNE 23, 2026 1:34 PM |
India’s Tata Electronics Hit by Cyber Breach Claiming to Expose Apple, Tesla IP Secrets
Tata Electronics said on Monday it had detected a recent “cybersecurity incident,” after researchers said World Leaks posted purported component design and specification papers of Apple and Tesla, both customers of the Indian group. The ransomware group has posted more …
POSTED JUNE 23, 2026 1:23 PM |
Hormuz Traffic Picks Up as More Tankers Broadcast Crossings
More ships are openly signaling their intention to traverse the Strait of Hormuz, pointing to growing confidence among shipowners and traders about sending vessels through the chokepoint as tensions ease.Seven tankers were in the strait on Tuesday morning, according to …
POSTED JUNE 23, 2026 12:56 PM |
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