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Season of Sharing Program Pays Sarasota Families’ Bills After Hurricane Devastation

Carrier Management

Season of Sharing Program Pays Sarasota Families’ Bills After Hurricane Devastation Cecilia Grove didn'...

Posted: Dec 03, 2024

High Net Worth Insureds’ Top Concerns: Climate, Collectibles and Cyber

Carrier Management

High Net Worth Insureds’ Top Concerns: Climate, Collectibles and Cyber...

Posted: Dec 03, 2024

E. Coli Outbreak Tied to McDonald’s Quarter Pounders Has Ended, CDC Says

Insurance Journal

The U.S. Centers for Disease Control and Prevention said on Tuesday that the E. coli outbreak linked to McDonald’s Quarter Pounder hamburgers is over and the investigation has been closed. As of Dec. 3, the CDC said 104 people have …

Posted: Dec 03, 2024

WTW to Return to Treaty Reinsurance Broking via Bain Capital Joint Venture

Insurance Journal

WTW announced it will return to treaty reinsurance broking via a joint venture with the private investment firm Bain Capital. WTW will hold a minority share in the new company, said WTW in an announcement outlining its growth and value …

Posted: Dec 03, 2024

WTW could ‘acquire complete ownership’ of reinsurance broking JV: CEO Hess

Reinsurance News

After WTW confirmed its re-entry into the treaty reinsurance broking market earlier today, via a joint venture with Bain Capital, Chief Executive Officer (CEO) Carl Hess has explained that, over time, the company could obtain control and purchase...

Posted: Dec 03, 2024

StretchDollar raises $6 million

coverager

StretchDollar leverages an IRS rule that formed Individual Coverage Health Reimbursement Arrangements.

Posted: Dec 03, 2024

Uber partners with Allianz Partners

coverager

Allianz Partners and Uber have joined forces to offer and income protection for Uber drivers in the UK.

Posted: Dec 03, 2024

Jove Insurance partners with Great American and State National

coverager

Current and planned offerings include business, construction, purchase protection, truck cargo, health, sickness, and personal equipment insurance.

Posted: Dec 03, 2024

Obie Expands Embedded Insurance Integration Across Digital Platforms, Now Supporting Salesforce Expe...

coverager

Obie expands its embedded insurance capabilities, helping partners integrate insurance seamlessly across digital platforms like Salesforce for a streamlined client experience.

Posted: Dec 03, 2024

Watches of Switzerland partners with Zillion

coverager

Watches of Switzerland has ~220 stores across the UK, US and Europe. 

Posted: Dec 03, 2024

Risk Theory launches high value homeowners insurance

coverager

The product will be offered on a surplus lines basis.

Posted: Dec 03, 2024

People Moves: Liberty Mutual Names Orloff President, Global Risk Solutions N.A.

Insurance Journal

Liberty Mutual Insurance, headquartered in Boston, named Marc Orloff as president of Global Risk Solutions (GRS) North America, effective Jan. 1. Orloff will lead GRS North America’s financial and operational performance, which includes commerc...

Posted: Dec 03, 2024

Arthur J. Gallagher & Co. Acquires Brokerages in Canada and Australia

Insurance Journal

Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-headquartered insurance brokerage, risk management and consulting services firm, announced the acquisition of a Canadian and Australian insurance brokerages. In Canada, Gallagher purchased...

Posted: Dec 03, 2024

Aon accelerates cyber product development & capital sourcing with O’Connell hire

Reinsurance News

Global insurance and reinsurance broker Aon has announced the appointment of Robert O’Connell as global cyber strategy and growth leader, executive managing director, within its Reinsurance Solutions business. Based in New York, O’Connell wi...

Posted: Dec 03, 2024

Poll suggests regulatory mandates a key driver of ESG adoption in re/insurance industry

Reinsurance News

A recent Reinsurance News poll, which drew responses from hundreds of industry professionals, suggests that regulatory mandates are viewed as the primary driver for the adoption of environmental, social, and governance (ESG) principles within the...

Posted: Dec 03, 2024

GM to Sell Stake in Michigan EV Battery Plant to LG Energy

Insurance Journal

General Motors Co. is selling its stake in an electric-vehicle battery plant in Lansing, Michigan, to South Korean partner LG Energy Solution, recouping about $1 billion in investment from a facility that will still supply energy cells to the automak...

Posted: Dec 03, 2024

Oklahoma Farm Fined $72K for Denying Workers Overtime Pay

Insurance Journal

The U.S. Department of Labor has obtained a consent judgment and injunction to recover $72,000 in back wages and liquidated damages for 20 workers whose Oklahoma employer misapplied the agriculture exemption to retail workers and did not pay overtime...

Posted: Dec 03, 2024

Venture Global LNG Considers Fifth Export Project in Louisiana

Insurance Journal

Venture Global LNG Inc. is considering building a fifth project on the US Gulf Coast that would put it on track to become the nation’s largest exporter of the fuel, according to a document seen by Bloomberg. The project, named …

Posted: Dec 03, 2024

Ohio Manufacturer Faces $255K Fine After Worker Suffers Partial Amputation

Insurance Journal

The U.S. Department of Labor has cited a Portsmouth, Ohio hardwood floor manufacturer with a long history of federal safety violations after the company reported a 23-year-old worker suffered a partial arm amputation while troubleshooting a rip saw m...

Posted: Dec 03, 2024

People Moves: Hatchette Named Deputy Insurance Commissioner in Maryland

Insurance Journal

Joy Y. Hatchette has been named deputy commissioner of the Maryland Insurance Administration (MIA). Acting Maryland Insurance Commissioner Marie Grant announced the appointment of Hatchette, who since 2004, has served as the associate commissioner fo...

Posted: Dec 03, 2024

CFC launches new excess insurance solution for secondary transactions

Reinsurance News

CFC, a provider of insurance solutions in emerging risks and a market leader in cyber, has launched a new excess insurance offering specifically designed for secondary transactions. This solution introduces a new option for the secondary transacti...

Posted: Dec 03, 2024

Trump Team Has Ivy League in Sight as It Gears Up Attacks on DEI

Insurance Journal

President-elect Donald Trump’s team has asked a key conservative activist to present a plan to slash federal funding for universities that refuse to scrap diversity and equity programs. Christopher Rufo, who played a role in ousting Harvard&#82...

Posted: Dec 03, 2024

FEMA Drops Hammer on Fort Myers Beach After Improper Rebuilding in Flood Area

Insurance Journal

Last spring, the Federal Emergency Management Agency jolted southwest Florida communities – most of which were still recovering from Hurricane Ian in 2022 – when it announced that the areas would lose their community discounts on flood insurance due...

Posted: Dec 03, 2024

Howden appoints Swiss Re’s Azman Noorani as Global Practice Leader, Surety

Reinsurance News

Global insurance intermediary group Howden has announced the appointment of Azman Noorani as Global Practice Leader, Surety, effective 1 November 2024. Noorani will report to Mark Wood, Head of Global Specialty Practices, and will lead Howden’s ne...

Posted: Dec 03, 2024

People Moves: Ryan Specialty Underwriting Managers Int’l Names Birrell Exec Chair, Montgomery as CEO...

Insurance Journal

This edition of International People Moves details appointments at Ryan Specialty and Howden Re. A summary of these new hires follows here. Ryan Specialty Underwriting Managers Int’l Names Birrell Exec Chair, Montgomery as CEO Ryan Specialty, t...

Posted: Dec 03, 2024

People Moves: Ryan Specialty Underwriting Managers Int’l Names Birrell Exec Chair, Montgomery as CEO...

Insurance Journal

This edition of International People Moves details appointments at Ryan Specialty and Howden Re. A summary of these new hires follows here. Ryan Specialty Underwriting Managers Int’l Names Birrell Exec Chair, Montgomery as CEO Ryan Specialty, t...

Posted: Dec 03, 2024

MetLife enters into £450m longevity swap with Merchant Navy Ratings Pension Fund

Reinsurance News

The Trustee of the £1 billion Merchant Navy Ratings Pension Fund (MNRPF) has entered into a transaction with Metropolitan Life Insurance Company (MetLife) to manage longevity risk of around £450 million of pensioner and dependant liabilities. This...

Posted: Dec 03, 2024

UK Business Activity Set to Shrink in Wake of Budget, CBI Says

Insurance Journal

Business activity in the UK is on course to shrink for the first time in more than two years as companies cut jobs and rein in investment following the budget, according to the Confederation of British Industry’s monthly growth indicator. &#823...

Posted: Dec 03, 2024

Zurich Completes $600M Buy of AIG’s Travel Insurance Business

Insurance Journal

Zurich Insurance Group said Tuesday its acquisition of American International Group’s global personal travel insurance business is complete. Zurich said the acquisition of AIG’s personal travel insurance and assistance business, including...

Posted: Dec 03, 2024

Saudi Arabia launches drought resilience initiative at UNCCD COP16

Reinsurance News

As part of Saudi Arabia’s ongoing efforts to address the global impact of drought, the Kingdom, alongside its partners, has launched the Riyadh Global Drought Resilience Partnership at the opening of the 16th session of the Conference of the...

Posted: Dec 03, 2024

American Integrity promotes Jon Ritchie

coverager

American Integrity provides residential property insurance to nearly 360,000 Florida homeowners.

Posted: Dec 03, 2024