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AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has appointed Robert Malone as Head of Large Accounts and Portfolio Management of its Cyber Insurance team in the Americas. Based in New York, Malone re...
Posted: Jan 07, 2025
China said 32 people have been killed and another 38 were injured by an earthquake that struck its far western region of Tibet. The epicenter of the magnitude 6.8 quake that hit around 9:05 a.m. Tuesday morning was in Tingri …
Posted: Jan 07, 2025
The US commercial insurance sector saw a composite rate increase of 2.64% in Q4 2024, bringing the total increase for the year to 3.75%, down from 4.56% in 2023, according to a recent analysis by MarketScout. Richard Kerr, CEO of Novatae, observed...
Posted: Jan 07, 2025
According to the MarketScout Market Barometer, the composite rate for U.S. personal lines increased about 5.8% in 2024 — the highest yearly jump in a dozen years. For the last quarter of 2024, the composite rate went up 4%, said …
Posted: Jan 07, 2025
Risk capital and broking solutions firm, Augment Risk, has hired Alejandro Solorzano from XS Global, who joins the organisation to help it expand its parametric risk transfer offering across the Latin America region. Solorzano has joined the compa...
Posted: Jan 07, 2025
iprism, a Managing General Agent (MGA), has announced a new multi-year capacity deal with global insurer Zurich. Under the deal, Zurich will provide Property and Casualty capacity for iprism’s Property Owners and Commercial Combined products, expe...
Posted: Jan 07, 2025
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has completed its previously announced acquisition of the remaining 51.5% of Carpenter Turner, an Athens-based reinsurance broking and advisory business. Now operating as Guy Carpenter...
Posted: Jan 07, 2025
French reinsurer CCR Re has announced the appointment of Ludovic Boulanger as Life Underwriter. Boulanger brings over 18 years of experience in life actuarial science, with extensive expertise in life reinsurance across areas such as protection, l...
Posted: Jan 07, 2025
Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension schemes, has completed a second buy-in with the Trustee of the C&J Clark Pension Fund – CJC Section and Flexible Section (the Fund) for £540 million. This fol...
Posted: Jan 07, 2025
Global reinsurer capital increased 7%, or $45 billion from $670 billion at the end of 2023 to a new high of $715 billion at September 30th, 2024, with growth in both traditional and alternative capital on the back of retained earnings, unrealised...
Posted: Jan 07, 2025
Austin TX, January 7, 2025 — The Risk & Insurance Education Alliance is excited to announce a new partnership with the Professional Insurance Agents (PIA) of Louisiana to bring its comprehensive suite of educational programs to insurance an...
Posted: Jan 07, 2025
Australian insurer IAG has successfully placed its catastrophe reinsurance program for 2025, purchasing slightly less protection than in 2024. The program includes a main catastrophe cover for two events up to $10 billion and an unchanged attachme...
Posted: Jan 07, 2025
During a recent interview with Reinsurance News, Christian De Monte, Lloyds Bank Corporate & Institutional Banking Head of Insurance and Group Subsidiaries, discussed what the firm’s main priorities are for its insurance business through...
Posted: Jan 07, 2025
Independent insurance broker Lockton has appointed Christina Ong as an Executive Director for Lockton Asia, effective immediately, based in Singapore. Ong joins the broker with four decades of industry experience across Asia and Europe. She will r...
Posted: Jan 07, 2025
Two undersea telecommunications cables that were damaged in the Baltic Sea on Dec. 25 appeared to have been torn apart by a strong external force, Finland’s Elisa said on Monday, adding that they had now been repaired. Baltic Sea nations …...
Posted: Jan 07, 2025
The United Nations’ civil aviation agency is investigating reports of a “potential information security incident” following a claim that tens of thousands of its records had been stolen, the organization said on Monday. The Canada-b...
Posted: Jan 07, 2025
Bermuda domiciled independent, multi-line managing general agent, Helix Underwriting Partners Ltd., has announced that its subsidiary Helix Underwriting Partners USA Ltd. is now officially open for business, Led by Greg Butler, Helix USA offers pr...
Posted: Jan 07, 2025
10 Tech Breakthroughs Likely in 2025 PaulCarroll
Posted: Jan 07, 2025
Helvetia Holding AG is considering a sale of its loss-making German insurance operations, according to people familiar with the matter. The Swiss insurer has hired JPMorgan Chase & Co. and plans to collect non-binding offers for the unit in the &...
Posted: Jan 07, 2025
Almost five years after Florida lawmakers clamped restrictions on assignment-of-benefits agreements and two years after they effectively outlawed AOBs altogether, state appeals courts may have finally put an end to one creative way that been used in...
Posted: Jan 07, 2025
French reinsurer SCOR has announced the appointment of Julia Willberg as Global Head of Cedant Facultative Underwriting for SCOR P&C and a member of the P&C Management Team. In a recent LinkedIn post, SCOR noted, “Julia brings a wealth of...
Posted: Jan 07, 2025
The Delaware Personal Data Privacy Act, passed in 2023, went into effect at the beginning of this new year, granting Delawareans ew personal data privacy rights. “Businesses collect Delawareans’ personal data every day,” said Attorn...
Posted: Jan 07, 2025
The Massachusetts Supreme Judicial Court has upheld a $20 million jury award In a medical malpractice case that found three medical professionals caused a patient to have to undergo an above-the-knee amputation of his leg. In 2023, a jury found ̷...
Posted: Jan 07, 2025
A Maine man out on bail for an April 2024 arson charge has been charged with a new arson incident. According to officials, on the evening of January 5, the Maine State Fire Marshal (FMO) assisted with an investigation of …
Posted: Jan 07, 2025
A former insurance agent plead guilty to stealing premium from a premium finance company. Formerly licensed insurance agent Tonja Van Roy, 59, who currently resides in Las Vegas, but operated an insurance agency based in Northridge, California, plead...
Posted: Jan 07, 2025
The MGU fills gaps in data and claims with AI-driven insights to offer tailored solutions for customers seeking alternative funding options.
Posted: Jan 06, 2025
The vendor now delivers solutions via SaaS, client on-premise/VPC, and as a hybrid—part hosted, part on-premise/VPC.
Posted: Jan 06, 2025
Through the transaction, FM will acquire a leading excess & surplus insurance business to expand and enhance its current and future solutions.
Posted: Jan 06, 2025
McDonald’s Corp. is revamping its approach to diversity, equity and inclusion, becoming the latest large company to change its strategy as the once-ubiquitous goals come under pressure from conservative advocates. The company will no longer set...
Posted: Jan 06, 2025
Predictions, Wishes and the P&C Industry in 2025 Commercial Lines ClareCarroll1 ...
Posted: Jan 06, 2025
The manufacturing industry remains an attractive target for cybercriminals. Facilities must put safeguards in place to prevent the devastating financial toll of a malicious attack. The post
Posted: Jan 06, 2025
Exceptionally powerful, dry winds expected across Southern California this week are set to send wildfire risk skyrocketing in a region that’s endured more than eight months without significant rain. Forecasters predict the strongest Santa Ana w...
Posted: Jan 06, 2025
AI a Catalyst for Insurance Transformation AI & Machine Learning
Posted: Jan 06, 2025
XS Brokers Promotes Buccinna to Regional Leader of New York XS Brokers, headquartered in Quincy, Massachusetts, promoted Peter Buccinna to vice president and regional leader of New York. Buccinna has over 26 years of industry experience and joined XS...
Posted: Jan 06, 2025
The NWSL’s 16th team is headed to Denver for a record $110 million expansion fee, Sportico.com reported. It’s more than double the previous NWSL record for new teams and the largest expansion fee ever in U.S. women’s sports. Groups...
Posted: Jan 06, 2025
The National Women’s Soccer League 16th team is headed to Denver for a record $110 million expansion fee, Sportico.com reported. It’s more than double the previous NWSL record for new teams and the largest expansion fee ever in U.S. women...
Posted: Jan 06, 2025
This edition of International People Moves details appointments at AXIS Capital Holdings and Agile Insurance Group. A summary of these new hires follows here. AXIS Appoints Chubb’s Farrup as Head of Global Markets, Succeeding Gregory AXIS Capit...
Posted: Jan 06, 2025
Analysts at Peel Hunt estimate that loss-free risk-adjusted rates across a diversified reinsurance portfolio fell by around 6% at the January 1st, 2025, renewals, but stress that rate adequacy remains “very attractive” in property clas...
Posted: Jan 06, 2025
Insurance Business Magazine - US
Posted: Jan 06, 2025
Insurance Business Magazine - US
Posted: Jan 06, 2025