All Posts
New research from WTW has revealed a shift away from a transactional view of facultative reinsurance and a move towards using it as a tool to achieve strategic objectives and priorities, fill gaps in treaties and manage risk throughout the cycle....
Posted: Dec 12, 2024
The CEO of one of California’s largest vocational return to work counseling centers appeared in court this week after being charged with 23 felony counts including insurance fraud, theft and forgery. Hazel Ortega, 53, of La Habra, was charged a...
Posted: Dec 12, 2024
The CEO of one of California’s largest vocational return to work counseling centers appeared in court this week after being charged with 23 felony counts including insurance fraud, theft and forgery. Hazel Ortega, 53, of La Habra, was charged a...
Posted: Dec 12, 2024
Global insurer QBE now has a class 4 license in Bermuda, providing the reinsurance arm, QBE Re, with further optionality in the balance sheets it offers its cedants. In a recent LinkedIn post, QBE Re said, “This is a great complement to the underw...
Posted: Dec 12, 2024
BHP and Rio Tinto have used confidentiality agreements to prevent female employees from speaking about sexual harassment at work, according to a lawyer leading Australian class action lawsuits against the miners. Brisbane-based law firm JGA Saddler f...
Posted: Dec 12, 2024
Global climate insurtech IBISA and VisionFund, the financial empowerment and livelihood arm of World Vision, have launched ClimaCash+, a suite of parametric climate insurance products aimed at helping communities vulnerable to climate risks respon...
Posted: Dec 12, 2024
Insurance Business Magazine - US
Posted: Dec 12, 2024
Insurance Business Magazine - US
Posted: Dec 12, 2024
Carriers are on the hunt for quality agencies to make new appointments, according to a new report, which also found that the top way they’re finding them is at industry tradeshows and events. While face-to-face connectivity still works to corra...
Posted: Dec 12, 2024
Ewout Steenbergen, current Executive Vice President and Chief Financial Officer of Booking Holdings Inc., has been appointed as a member of AXA’s Board of Directors to replace Rachel Duan as she intends to resign from her directorship at the end o...
Posted: Dec 12, 2024
Goldman Sachs anticipates a stable and orderly reinsurance renewal season in 2025, with property catastrophe pricing expected to decline by 5-15 percentage points at the January 1st renewals. This prediction is based on insights from W.R. Berkley...
Posted: Dec 12, 2024
Rokstone, an international specialty re/insurance managing general agent (MGA) and part of the Aventum Group, has announced the appointment of Henry Hogarth as Senior Underwriter in its Direct & Facultative (D&F) Property team. James Potte...
Posted: Dec 12, 2024
Financial innovations such as cyber catastrophe bonds could help bridge the cyber protection gap, according to a recent report by the Geneva Association. As businesses and societies become increasingly digital, cyber threats such as ransomware, da...
Posted: Dec 12, 2024
All it takes is one hacker and a batch of faulty solar panels to threaten the safety of Europe’s electric grid. Vangelis Stykas, a cybersecurity consultant, said he figured out how to do it. Using a laptop and smartphone at …
Posted: Dec 12, 2024
Lloyd’s of London is expected to continue producing strong earnings and capital over the next 12-18 months, due to underwriting discipline, favourable market conditions and robust investment returns, according to Moody’s Ratings. Howev...
Posted: Dec 12, 2024
Specialist insurance provider CFC has announced the growth of its Australian-based cyber team with the addition of Michael Lewis. Starting in January 2025, Lewis will assume his new position at CFC. Previously, he spent two years at Emergence Insu...
Posted: Dec 12, 2024
BMS Group, the London-based specialist insurance and reinsurance broker, announced that it has entered into an agreement to acquire the leading insurance broker Rasher, subject to regulatory approvals. The Rasher business is based in Spain, with Lati...
Posted: Dec 12, 2024
Independent specialist insurance and reinsurance broker BMS Group has agreed to acquire Spain-based insurance broker Rasher, and its Latin American subsidiaries in Colombia and Peru, subject to regulatory approvals. According to BMS Group, through...
Posted: Dec 12, 2024
Aon and the European Bank for Reconstruction and Development (EBRD) have launched a facility supporting the revitalisation of the war risk insurance market in Ukraine, with global speciality reinsurer MS Amlin the first international reinsurance p...
Posted: Dec 12, 2024
Pioneering Innovation, Culture, and Leadership for the Future Tampa, FL, December 12, 2024 — American Integrity Insurance Group, a leading Southeast property insurer, is proud to announce the promotion of Jon Ritchie to President. With a proven...
Posted: Dec 12, 2024
A family office backed by members of the Hermes fortune are among the likely buyers of French insurer Albingia, in an investment that signals a goal to diversify their wealth away from luxury. Krefeld Invest, the family office of heirs …
Posted: Dec 12, 2024
Digital risk processing platform Cytora has partnered with international weather information and data management company Pelmorex Corp to provide commercial property underwriters with deeper insights into climate-related risks. Through its integra...
Posted: Dec 12, 2024
Ki will operate as a standalone company within the Fairfax Group starting January 1, 2025, according to an announcement by Brit Ltd., a global specialty re/insurer and a subsidiary of Fairfax Financial Holdings Limited. Ki was incubated and launch...
Posted: Dec 12, 2024
French reinsurer SCOR has confirmed its core targets over 2025-2026, maintaining a return on equity (ROE) assumption above 12% for the period, while its Group reserve adequacy has been confirmed by external independent reviewers. SCOR presented it...
Posted: Dec 12, 2024
Posted: Dec 12, 2024
Viewpoint: Legislative Action is Needed Now to Reduce Wildfir...
Posted: Dec 12, 2024
Posted: Dec 12, 2024
In the first nine months of 2024, US life/annuity total income was up 5.3% from the previous year, primarily due to increases of 13.7% in premiums and annuity considerations, as well as a 9.6% rise in net investment income, according to global cre...
Posted: Dec 12, 2024
The UK arm of global insurer Zurich has announced the appointment of Drazen Jaksic as CEO of Zurich UK, succeeding Tim Bailey, who has served as CEO, Zurich UK since January 1, 2021. Alison Martin, CEO EMEA & Bank Distribution, said, “We are d...
Posted: Dec 12, 2024
Specialty carrier Relm Insurance said it has launched a managing general agent licensed in all 50 states. Relm also said Keith Lavigne has joined as head of underwriting – US. He will report to Relm CEO and founder Joseph Ziolowski. …
Posted: Dec 12, 2024
Guy Carpenter said it is starting a research project to explore the use of parametric insurance solutions in California and Florida for wildfire and hurricane risks. The effort will focus on the use of a “community-based parametric reciprocal e...
Posted: Dec 12, 2024
Looking ahead, high-net-worth individuals will need to look to alternative risk-transfer solutions and take part in risk mitigation to get insurance coverage, according to brokerage Hub International. A recent HUB survey of HNW individuals and adviso...
Posted: Dec 12, 2024
After serving as president of Lockton’s Southeast region for 20 years, Neil Metzheiser has been named CEO of the region, based in Atlanta. Metzheiser became president of Lockton Southeast in 2004 and was a producer. Before that, he worked with...
Posted: Dec 12, 2024
A federal judge blocked Kroger Co.’s $24.6 billion acquisition of Albertsons Cos., finding the takeover would lessen competition for US grocery shoppers, in a ruling that marks a likely death knell for the deal. In a decision filed Tuesday, US...
Posted: Dec 12, 2024
Florida lawmakers established the Birth-Related Neurological Injury fund in 1988 to provide a no-fault remedy for parents of children with certain injuries incurred at birth, with an aim toward reducing the soaring cost of medical malpractice claims....
Posted: Dec 12, 2024
Kita, the carbon insurance specialist and Lloyd’s of London coverholder, has launched its full-spectrum Active Risk Monitoring services for the carbon markets. The firm has been providing these services since March 2024 to select stakeholders and...
Posted: Dec 12, 2024
Cascading failures involving a corroded steam pipe and a defective natural gas fitting caused a powerful explosion in 2023 at a Pennsylvania chocolate factory, killing seven workers when the company failed to evacuate, a federal safety board said Tue...
Posted: Dec 12, 2024
U.S. property/casualty insurers are positioned favorably heading into 2025, Fitch Ratings forecasted in its annual outlook report. Citing “a strong personal lines turnaround” and “resiliency following an above average hurricane seas...
Posted: Dec 12, 2024
This post is part of a series sponsored by Darkhorse Insurance. When you start an insurance agency, it’s an exciting venture! But, it requires careful planning and strategy. Putting together a detailed insurance agency business plan is key to e...
Posted: Dec 12, 2024
Working with multiple partners and handling sensitive financial data exposes payers to significant cyber risk. Adopting a secure, centralized platform helps to manage this risk while enhancing efficiency. The post
Posted: Dec 12, 2024
Top Carriers Connecting: How Agents Rank I...
Posted: Dec 11, 2024
Effective Jan. 1, Workers Comp For Mental Health Available To NY Workers New York Governor Kathy H...
Posted: Dec 11, 2024
Sales leader with more than 20 years of experience in Workers’ Compensation, Commercial, and P&C Insurance markets to lead insured.io’s national sales team.
Posted: Dec 11, 2024
Agencies can elevate their online presence with real-time analytics, actionable insights and a user-friendly interface.
Posted: Dec 11, 2024