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CRC Group, a wholesale specialty insurance distributor in North America, has announced that it has acquired SLB Insurance Group, a binding authority operation with offices located in Florida and Louisiana. Established in 2000, SLB particularly spe...
Posted: Dec 16, 2024
Lime Syndicate Management Limited (Lime), the wholly owned subsidiary of Somers Group Holdings Ltd., a global specialty property and casualty (P&C) reinsurance group, has received all regulatory approvals to operate as a Lloyd’s Managing...
Posted: Dec 16, 2024
International re/insurance broker Consilium has reported a 54% growth in Gross Written Premium (GWP) for the year ending June 2024, reaching nearly £700 million. The company is now aiming for £800 million by the end of this calendar year and an am...
Posted: Dec 16, 2024
Italian companies are preparing to comply with a requirement to take out natural disaster insurance from next April, although some fear it will be hard to enforce and too costly. Many small and medium-sized firms, which form the backbone of …
Posted: Dec 16, 2024
Once considered to be simply “bean counters,” accountants now play an important role in the defence, investigation and protection against cybercrime. Modern cybercrime includes stealing personal information, hacking into systems, spreadin...
Posted: Dec 16, 2024
Placing Platform Limited (PPL) has completed a restructure of its leadership team, as part of the ongoing transformation of the London market’s digital placement platform. According to the announcement, the new structure follows Board and go...
Posted: Dec 16, 2024
ConnectUW Holdings (ConnectUW), the parent company of Connect Underwriting Limited and other specialist reinsurance MGAs, has announced it will take ownership of Lloyd’s box number 356 starting December 23, 2024. Located in the company market sect...
Posted: Dec 16, 2024
A warming climate fueled the blitz of six powerful storms that hit the Philippines within a matter of weeks this year, according to a new study. The conditions that enabled the unusual string of tropical cyclones late in the season, …
Posted: Dec 16, 2024
International insurance group Ageas has announced the successful conclusion of exclusive negotiations with Saga plc, a UK specialist provider of products and services to people aged over 50, for Ageas UK to acquire Saga’s insurance underwrit...
Posted: Dec 16, 2024
This post is part of a series sponsored by AgentSync. The Hidden Cost of Manual License Verifications Keeping insurance producers’ licenses and appointments compliant is a critical responsibility shared by nearly everyone in the insurance distr...
Posted: Dec 16, 2024
Specialty insurer Beazley has appointed Alessandro Lezzi as Group Head of Cyber Risks, reporting to Paul Bantick, Group Chief Underwriting Officer, Beazley. Lezzi has reportedly worked in the re/insurance industry for over twenty years, both as an...
Posted: Dec 16, 2024
Lloyd’s of London members have set up a working party to examine the commercial insurance market’s plans to overhaul its conduct rules, a trade body said on Friday, following criticism of the strengthened powers in the new rules. Lloyd...
Posted: Dec 16, 2024
German insurer Allianz has withdrawn its offer to acquire at least 51% of Singapore’s Income Insurance for about $1.63 billion, the company said in a statement on Monday. Reuters reported on Dec. 13 that the insurer had scrapped the proposed &#...
Posted: Dec 16, 2024
Moody’s has upgraded the insurance financial strength (IFS) ratings of Arch Capital’s P&C re/insurance operating subsidiaries to A1 from A2 and the senior unsecured debt rating of the Group to A3 from Baa1. The rating outlook for t...
Posted: Dec 16, 2024
Canadian financial holding company Fairfax Financial Holdings Limited has increased its ownership interest in specialist insurer Brit Limited to 100% from 86.2%. This was done by acquiring the interest of OMERS, the pension plan for Ontario’s muni...
Posted: Dec 16, 2024
AllianceBernstein L.P. (AB), the global investment firm, has appointed Bob Sharma as Head of Insurance, EMEA & APAC, Client Group, where he will be based in the company’s London office. An experienced veteran across the sector, Sharma jo...
Posted: Dec 16, 2024
An Iowa roofing company has agreed to a consent order to stop promoting itself as a public adjuster or providing any public adjuster services on its websites, social media pages and advertisements. Darren Reeves Roofing has also agreed to instruct &#...
Posted: Dec 16, 2024
Posted: Dec 16, 2024
The Oklahoma Insurance Department is seeking applications from contractors and evaluators to participate in the Strengthen Oklahoma Homes program (SOH). SOH provides Oklahoma residents with grants of up to $10,000 to mitigate their home against wind...
Posted: Dec 16, 2024
Ayvaz Pizza, LLC, doing business as Pizza Hut, which operates more than 350 Pizza Hut restaurants in ten states and multiple locations in the Houston area, violated federal law when it subjected a female employee to sex-based harassment and retaliati...
Posted: Dec 16, 2024
The Insurance Information Institute (Triple-I) has elected Matt McHatten, current president and chief executive officer at MMG Insurance, as chair of its Executive Leadership Committee (ELC). McHatten is succeeding Jennifer Kyung, CEO and founder...
Posted: Dec 16, 2024
NEWARK, N.J. (AP) — New Jersey and Minnesota sued Glock last Thursday, calling on the gunmaker to stop selling firearms that can be adapted with dime-sized switches to fire up to 1,200 rounds a minute. New Jersey Attorney General Matt …
Posted: Dec 16, 2024
NEWARK, N.J. (AP) — New Jersey and Minnesota sued Glock last Thursday, calling on the gunmaker to stop selling firearms that can be adapted with dime-sized switches to fire up to 1,200 rounds a minute. New Jersey Attorney General Matt …
Posted: Dec 16, 2024
OAKLAND, Wis. (AP) — Roughly 70,000 gallons (264,978 litres) of oil from a pipeline spilled into the ground in Wisconsin, officials said. The problem was discovered Nov. 11 in Jefferson County, 60 miles (96.5 kilometers) west of Milwaukee, by an R...
Posted: Dec 16, 2024
President-elect Donald Trump’s threatened tariffs on top trade partners China, Mexico and Canada would deal a blow to the $1.7 trillion U.S. transportation industry and worsen a nearly three-year trucking recession, sector experts said. The ind...
Posted: Dec 16, 2024
The message from Nasdaq as the Black Lives Matter movement exploded across the US: push for diversity – or prepare to explain. Four years later, a federal appeals court has struck down an attempt by Nasdaq’s US exchange – home …
Posted: Dec 16, 2024
When analysts at AM Best reviewed outlooks for the property/casualty insurance and reinsurance sectors this week, recent good news of a change in outlook for personal lines—and for the personal auto insurance—were the first highlights. But a cloud re...
Posted: Dec 16, 2024
Courts across the country have overwhelmingly ruled in favor of insurance carriers in claims disputes following the government-ordered closures of businesses during the COVID-19 pandemic. The North Carolina Supreme Court last week bucked that trend,...
Posted: Dec 16, 2024
The owner of a New York thermometer factory was sentenced Friday to three years of probation for failing to protect workers who were exposed to hazardous levels of mercury after a spill at his plant. Robert Peyser, 66, of Bellmore …
Posted: Dec 16, 2024
A suburban New York police department routinely violated residents’ civil rights, including making illegal arrests and using unnecessary strip and cavity searches, according to a new U.S. Department of Justice report. The report on a pattern an...
Posted: Dec 16, 2024
Itasca MGA Limited, an aviation-focused managing general agent (MGA), has structured an aircraft non-payment (ANPI) credit insurance policy for JLPS Ireland Limited. This solution provides wrapped debt financing with respect to Operating Leases ar...
Posted: Dec 16, 2024
The Environmental Protection Agency is awarding $135 million in grants to fund 13 projects in California to help the state wean off fossil fuels and phase out big rigs that run on diesel. The money will go to the state …
Posted: Dec 16, 2024
This post is part of a series sponsored by Trucordia. Discover practical strategies to reduce your insurance premiums during an economic downturn. Learn how to save money without compromising on coverage. As the economic landscape fluctuates, so does...
Posted: Dec 16, 2024
How advisors can help clients understand and mitigate the risks of forgery and alterations.
Posted: Dec 15, 2024
Equip your clients with effective rodent prevention tips to save them from costly surprises and uncomfortable calls about uncovered damage.
Posted: Dec 15, 2024
The program offers customized solutions that help businesses enhance workplace safety and maximize the value of their workers compensation programs.
Posted: Dec 15, 2024
From local tournaments to huge events that attract thousands of spectators, insurance for esports events is crucial to protect the players, coaches, organizers, attendees and the evolving esports industry.
Posted: Dec 15, 2024
The insurer selected TrustLayer to simplify and secure insurance verification for commercial customers and partners.
Posted: Dec 15, 2024
The Mississippi-based specialist wholesale brokerage has chosen CyberCube’s Broking Manager to bolster its cyber risk analytics capabilities.
Posted: Dec 15, 2024
Underwriters need to address the demand for insight-driven data orchestration and enhanced efficiencies through automation across the risk life cycle, but ready for the big shift to AI-driven models?
Posted: Dec 15, 2024
New York Considers Making Property Insurers Cover Taxi Claims Losses New York is consider...
Posted: Dec 15, 2024
AIG Leads Launch of Reinsurance Syndicate at Lloyd’s American International Group announced it has led the launc...
Posted: Dec 15, 2024
ServeCo North America supports furniture and mattress retailers nationwide as a single source provider of extended service contract programs, on-site cleaning and repair service, traffic-generating product loyalty programs and private-labeled sleep e...
Posted: Dec 15, 2024
(NGL) has introduced a Funeral Home Support phone line, designed to assist funeral home directors and staff with claims filing, policy inquiries, and other operational needs. Since its launch in...
Posted: Dec 15, 2024
This move builds on Experian’s acquisition of Tapad in 2020.
Posted: Dec 14, 2024
Insurance Business Magazine - US
Posted: Dec 13, 2024
Seward will oversee SBLI’s Independent Distribution and Direct Sales efforts and will drive expansion into new broker, partner, and producer opportunities.
Posted: Dec 13, 2024