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Deep Vector, an artificial intelligence (AI) platform for analyzing underwriting documents, closed its seed round of $1.5 million, co-led by Aperture Venture Capital and InsurTech NY. Deep Vector helps insurers and brokers translate analog documents...
Posted: Jan 08, 2025
Sompo, a provider of commercial and consumer property and casualty (P&C) re/insurance, has appointed Pablo Diago as Chief Claims Officer, Asia Pacific (APAC), effective immediately. Based in Singapore, Diago will report to Kenneth Reilly, Chi...
Posted: Jan 08, 2025
Sompo, a provider of commercial and consumer property and casualty (P&C) re/insurance, has appointed Pablo Diago as Chief Claims Officer, for the firm’s commercial and consumer insurance business in Asia Pacific (APAC), effective immedia...
Posted: Jan 08, 2025
Sompo, a provider of commercial and consumer property and casualty (P&C) re/insurance, has appointed Pablo Diago as Chief Claims Officer, for the firm’s commercial and consumer insurance business in Asia Pacific (APAC), effective immedia...
Posted: Jan 08, 2025
A woman who worked as a hairstylist for Fox Sports alleges in a lawsuit that former host Skip Bayless made repeated, unwanted advances toward her — including an offer of $1.5 million to have sex with him. Attorneys for Noushin …
Posted: Jan 08, 2025
The Andrew Agency has acquired Garriques, Lloyd & McMahon in Richmond, Virginia. Founded in 1963, GLM Insurance is a third-generation family-owned agency providing personal and commercial insurance throughout Virginia and North Carolina. The Andr...
Posted: Jan 08, 2025
FM, a commercial property insurer, has confirmed its acquisition of Velocity Specialty Insurance Company (VSIC), Velocity’s wholly owned E&S insurance carrier, with the deal expected to close in the first half of 2025. This acquisition f...
Posted: Jan 08, 2025
Specialist insurer Hiscox has appointed Shali Vasudeva as its new Group Chief Operations and Technology Officer (COTO), succeeding Stephane Flaquet, who is departing the firm. Vasudeva joins Hiscox after five years as Chief Operating Officer of AX...
Posted: Jan 08, 2025
Sollers Consulting and mea Platform have entered into a partnership that will see both companies help insurers improve their digital capabilities within underwriting and claims. The partnership will reportedly have a strong focus on Lloyd’s...
Posted: Jan 08, 2025
VIG Re, the reinsurance arm of Prague-domiciled Vienna Insurance Group, has appointed Ivana Jurčíková, a current Board member, to the newly created role of Chief Operating Officer (COO), while Wolfgang Hajek joined the Board as Chief Financial Off...
Posted: Jan 08, 2025
South Korea plans to review the concrete walls positioned just beyond the end of some airport runways after an aircraft attempting an emergency landing smashed into one just over a week ago, killing almost everyone on board. Authorities will alter &#...
Posted: Jan 08, 2025
Munich Re has announced the appointment of Christa Schwimmer as Chief Executive for its Specialty Reinsurance and Lloyd’s & Bermuda business. In this role, Schwimmer will join Stefan Golling, Member of the Board of Management at Munich R...
Posted: Jan 08, 2025
Israeli cybersecurity firms raised $4 billion in 2024, more than double that of 2023, led by firms seeking to protect the cloud along with a surge in artificial intelligence, global venture capital firm YL Ventures said on Tuesday. Cybersecurity has...
Posted: Jan 08, 2025
Florida-based American Coastal Insurance Corporation (ACIC) has renewed its catastrophe excess of loss agreement (AOP CAT agreement), which provides up to $90 million in per-occurrence coverage above a $10 million attachment point, and has also se...
Posted: Jan 08, 2025
Finland’s public transport agency said on Wednesday that an oil tanker suspected of damaging undersea cables in the Baltic Sea has been found to have serious deficiencies and will not be allowed to operate until repairs have been made. Baltic &...
Posted: Jan 08, 2025
Governor of California Gavin Newsom has proclaimed a state of emergency as more than 30,000 people in Los Angeles have been ordered to evacuate a large and dangerous wildfire which covers around 3,000 acres and continues to grow, threatening thous...
Posted: Jan 08, 2025
Ethiopian Reinsurance (Ethio Re) has reported strong financial results for the 2023/24 fiscal year, achieving an impressive 60% growth in net profit to 391 million birr, despite rising natural and man-made catastrophes. The results were presented...
Posted: Jan 08, 2025
Global insurance and reinsurance broking group Aon has announced the appointment of Renuka Nar as Head of Broking for its Life and Health (L&H) reinsurance business in India. In her new role, Nar will report to Shailendra Sapra, CEO of Reinsur...
Posted: Jan 08, 2025
Posted: Jan 08, 2025
Posted: Jan 08, 2025
DXC Technology, a global technology services provider, has launched AI Impact, an initiative designed to help customers across industries innovate securely and achieve real business outcomes through artificial intelligence (AI). DXC supports globa...
Posted: Jan 08, 2025
French reinsurer CCR Re has sponsored the seventh vintage of its collateralised reinsurance sidecar vehicle, 157 Re 25. According to the announcement, CCR Re has made a number of improvements to the operation of 157 Re to facilitate future renewal...
Posted: Jan 08, 2025
Energy startups have overtaken the makers of electric cars and batteries as the top global climate tech investment for the first time since 2020. They’ve done so as the growing demand for artificial intelligence has driven interest in technolog...
Posted: Jan 08, 2025
In mid-December, PwC tallied a surge in M&A deals in the U.S. insurance industry in the second half of 2024, and predicted an active year in 2025 with brokerage and MGA deals leading the way. According to PwC’s U.S. Insurance …
Posted: Jan 08, 2025
Aon, a global professional services firm, has formed a partnership with Moody’s to provide insurance and risk management solutions for clients. This collaboration allows Aon’s Credit Solutions teams to connect their clients with Moody’s, helping t...
Posted: Jan 08, 2025
Local law enforcement officials in Fort Lauderdale are investigating the deaths of two individuals found in the landing gear compartment of a JetBlue Airways Corp. plane after it arrived at the Florida airport on Monday. A representative for the Brow...
Posted: Jan 08, 2025
Mercury Insurance announced this week that the company will begin writing new homeowners insurance policies in the town of Paradise, California. Mercury says it is the first major insurance company to begin offering policies to Paradise homeowners si...
Posted: Jan 08, 2025
Mercury Insurance announced this week that the company will begin writing new homeowners insurance policies in the town of Paradise, California. Mercury says it is the first major insurance company to begin offering policies to Paradise homeowners si...
Posted: Jan 08, 2025
The board of directors of the California Workers’ Compensation Institute named the institute’s chief operating officer, Gideon L. Baum, as its next president. Baum will succeed Alex Swedlow when Swedlow retires next summer. Swedlow announ...
Posted: Jan 08, 2025
An affiliate of the Major League Baseball Players Association withdrew its lawsuit against the parent company of the Pittsburgh Pirates and the convenience store chain Sheetz Inc. that alleged unlicensed use of players’ names and images on soci...
Posted: Jan 08, 2025
Independent insurance agency network Renaissance reports it has has acquired the agency network business of Consolidated Insurance Agents Inc. (CIA), an agency network based in Buffalo, New York. Renaissance said CIA’s 23 members collectively r...
Posted: Jan 08, 2025
Jack Falvey has officially assumed the role of Chief Executive Officer of maritime risks insurer, Falvey Insurance Group, effective January 1st, 2025, following the previously announced appointment of Mike Falvey as the Executive Chairman. Falvey...
Posted: Jan 08, 2025
This post is part of a series sponsored by AgentSync. Another year has come and gone. How’d your organization fare over the last 365 days? In many ways, 2024 was a difficult year for the insurance industry. Between the thousands …
Posted: Jan 08, 2025
The solution will enhance predictive modeling to improve the insurer’s actuarial team’s efficiency and accuracy, empowering them to deliver better, more informed pricing decisions.
Posted: Jan 07, 2025
The organizations will leverage community values, Czech and Slovak heritage for future growth.
Posted: Jan 07, 2025
With a new year and a new administration companies can expect many changes, including new employment regulations they have to navigate. Here are some predictions.
Posted: Jan 07, 2025
Sikorski will be responsible for overseeing the day-to-day operations of Ascot’s global facilities, ensuring optimal functionality, safety, sustainability and consistency across sites.
Posted: Jan 07, 2025
While sky-high premiums prompted half of U.S. auto insurance customers to shop for a new plan last year, few alternatives meant most stayed put. That's all about to change.
Posted: Jan 07, 2025
The companies aim to improve underwriting and claims management and accelerate the associated processes in the London Market.
Posted: Jan 07, 2025
2025 is set to be a year of significant change with shifting markets and evolving weather patterns, making it more important than ever to ensure your homeowner clients are adequately protected.
Posted: Jan 07, 2025
Exxon Mobil Corp. filed a lawsuit alleging that California Attorney General Rob Bonta and several environmental groups made defamatory comments about the oil company’s ability to recycle plastic. Exxon accused Bonta, the Sierra Group and others...
Posted: Jan 07, 2025
Use Soft Cyber Insurance Market to Enhance Coverage ITL Editorial Team
Posted: Jan 07, 2025
Posted: Jan 07, 2025
AI Boosts Underwriting Accuracy and Efficiency AI & Machine Learning
Posted: Jan 07, 2025
Insurance Industry Faces Major Changes in 2025 ITL Editorial Team
Posted: Jan 07, 2025
Marsh's Olivia Bachelet talks auto, legal and claims, and more in this edition of Come See the Stars! The post
Posted: Jan 07, 2025