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People Moves: Ki Appoints Ex-PartnerRe Executive Bonneau as Chair

Article 0 Comments Ki Appoints Ex-PartnerRe Exec Bonneau as Chair Ki, the algorithmically powered Lloyd’s digital follow platform, announced the appointment of Jacques Bonneau as non-executive chair for Ki Financial Ltd., effective July 1, 2025. Bonneau was previously president & CEO of PartnerRe, retiring in March 2024. A highly experienced global leader in the re/insurance sector, Bonneau has also held a range of senior leadership roles at Chubb, latterly as group chief underwriting officer, and spent time as a senior adviser at the Bermuda Monetary Authority. He currently holds a number of non-executive roles including Brit Re and Novel. “We are delighted to welcome Jacques to the Ki board. His deep experience in leading underwriting organizations will complement our focus on digital-first algorithmic underwriting,” commented Mark Allan, CEO of Ki, in a statement. “As we evolve our data-driven underwriting and drive digital transformation, we will benefit from his experience in guiding our strategy and focus to deliver sustainable and scalable underwriting for Ki and its partners.” A subsidiary of Fairfax Financial Holdings, Ki and its subsidiaries operate the first fully digital and algorithmically driven Lloyd’s of London underwriting platform. The platform offers instant follow capacity from multiple Lloyd’s syndicates (including...

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Tensions Are Starting to Brew Over Waterways for US LNG Cargoes

Article 0 Comments One of the US largest exporters of liquefied natural gas, Venture Global Inc., is raising questions over how to share a common waterway with a planned neighbor — it’s a move that underscores a coming bottleneck for shipping space in an energy sector that the Trump administration is supporting for increased exports. The US, already the biggest global exporter of the fuel, is on track to nearly double its current capacity with a massive buildout of six projects under construction in Texas and Louisiana. And even more are in advanced stages of development as President Donald Trump has made moves to increase the flow of cargoes from the US. But most of the existing plants and those in the works are heavily concentrated along the coast of Texas and Louisiana, which means that every new project will bring increased competition on waterways to keep shipments moving. The problem highlights broader issues for US infrastructure that can limit the flow of energy supplies even when there’s plenty of potential production. Venture Global’s plant Calcasieu Pass, which sits on the east bank of the waterway of the same name, would be directly across from Commonwealth LNG on the west...

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Washington Commissioner Convenes Advisory Board to Eye Insurer AI Use

Article 0 Comments Washington Insurance Commissioner Patty Kuderer convened her first Artificial Intelligence Advisory Board meeting in Seattle this week to look at the insurance industry’s use of AI and to get recommendations on policy development, regulatory oversight and consumer education efforts. The advisory board reviewed its charter and expectations, discussed the use of AI in insurance, identified initial priorities and working groups and planned next steps during its inaugural meeting. The boar follows an Office of the Insurance Commissioner bulletin sent last year to insurers doing business in the state reminding them that decisions or actions impacting consumers that are made or supported by AI or other advanced analytical and computer technologies must follow insurance laws and regulations. The bulletin was based on a model advisory adopted by the National Association of Insurance Commissioners. “I see our new AI Advisory Board as a potential vehicle for agency request legislation, rulemaking, and general OIC internal policy decisions on governance and innovation,” Kuderer stated. Topics Carriers InsurTech Data Driven Artificial Intelligence Washington Was this article valuable? Thank you! Please tell us what we can do to improve this article. Submit No Thanks Thank you! % of people found this article valuable....

The C-Suite Verdict: Conning Releases 2025 Survey on AI & Insurance Technology 0

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The C-Suite Verdict: Conning Releases 2025 Survey on AI & Insurance Technology

Third Annual Survey Reveals Strong Trends in Generative AI Adoption, and Workforce Transformation Hartford, CT (June 25, 2025) – Conning, a leading global investment management firm, has announced the findings from its third annual survey on AI & insurance technology, AI in Insurance: The C-Suite Verdict. The report highlights how U.S. insurers are increasingly integrating artificial intelligence into their workflows across impact areas, prompting a shift toward upskilled workers and key implications for cyber risk management. “With 90% of the respondents in some stage of Generative AI evaluation and 55% in early or full adoption, Generative AI has shown the strongest uptick amongst all AI technologies. Insurers are ramping up their investment in and adoption of AI as an integral part of their workflow,” said Manu Mazumdar, Head of Data Analytics and Insurance Technology, Insurance Research at Conning and author of the report. The survey reveals several trends in AI adoption across the industry, including: Generative AI gains prominence – While utilization of GenAI was minimal in last year’s analysis, 55% of respondents now report that they are at either early or full adoption stages. AI increasingly leveraged for claims – Alongside other areas of business, operations and claims processing...

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How Much Does a Heat Wave Cost? Insurers and CEOs Want to Know

Article 0 Comments When a hurricane or a wildfire strikes, the economic damage is usually very visible — roofs are ripped off or charred homes line roads. Heat waves cause financial damage, too, but it’s more diffuse: Farm crops might wither, construction workers pause or data centers sputter out, forcing customers offline. Climate risk models, which are widely used in the insurance industry, can estimate the likelihood that fires or floods will affect a specific place in the US, even down to the address level, and how much damage that would wreak. So far, the models don’t typically make detailed projections for extreme heat. For one thing, heat is less of a threat to real estate than it is to health, energy infrastructure and the food supply. But cities, businesses and insurers need the financial risks to be outlined more clearly, and some believe a new market for heat insurance — driven in part by artificial intelligence and the need to cool data centers — is around the corner. Hedging against heat The property information firm Cotality, previously known as CoreLogic, recently started offering heat-hazard modeling on its widely used risk-analysis platform. And Mercer, a unit of Marsh & McLennan...

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10 Best U.S. Job Markets: 2025

/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.

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10 Best Growth Stocks for the Long Term: Morningstar

/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.

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13 Richest Self-Made Women in America: Forbes, 2025

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Senate Debates Whether to Adopt Revised State AI Regulation Ban

Article 0 Comments Two key U.S. Republican senators agreed to a revised federal moratorium on state regulation of artificial intelligence to five years and allow states to adopt rules on child online safety and protecting artists’ image or likeliness. Senate Commerce Committee chair Ted Cruz originally proposed securing compliance by blocking states that regulate AI from a $42 billion broadband infrastructure fund as part of a broad tax and budget bill. A revised version released last week would only restrict states regulating AI form tapping a new $500 million fund to support AI infrastructure. Under a compromise announced Sunday by Senator Marsha Blackburn, a critic of the state AI regulatory moratorium, the proposed 10-year moratorium would be cut to five years and allow states to regulate issues like protecting artists’ voices or child online safety if they do not impose an “undue or disproportionate burden” on AI. Tennessee passed a law last year dubbed the ELVIS Act to protect songwriters and performers from the use of AI to make unauthorized fake works in the image and voice of well-known artists. Texas approved legislation to bar AI use for the creation of child pornography or to encourage a person to commit...