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Oceanview Secure Reinsurance Ltd., a subsidiary of Oceanview Holdings Ltd., a provider of annuities and reinsurance solutions, has appointed Brian W. Nocco to its Board of Directors after receiving approval from the Cayman Islands Monetary Authori...
Posted: Dec 05, 2024
Amundi SA is interested in acquiring control of Allianz SE’s asset manager Allianz Global Investors as the French company scouts for deals amid industry consolidation, people familiar with the matter said. Europe’s biggest asset manager h...
Posted: Dec 05, 2024
Arbol, a global climate risk solutions platform, has delivered $20 million payouts for parametric reinsurance programs triggered by Hurricane Milton in Florida within a month after landfall. The parametric reinsurance programs, designed to protect...
Posted: Dec 05, 2024
Chinese Hackers Breached Eight U.S. Telecom Providers, White House Says Chine...
Posted: Dec 05, 2024
Executives on the Move at Liberty Mutual and Hippo Liberty Mutual Insurance has named Marc Orloff...
Posted: Dec 05, 2024
Five months after joining Ameriprise, Monumental Financial Planning adds financial advisor Gary Presslaff from LPL Financial.
Posted: Dec 05, 2024
Grief, Then Confusion: Questions of Motive Emerge in UnitedHealthcare CEO’s Ki...
Posted: Dec 05, 2024
Eldridge will be managed by a newly formed Executive Committee.
Posted: Dec 05, 2024
INSURICA has now filed a trademark application for "FourTrust91."
Posted: Dec 05, 2024
Its capacity partners are Accredited and Hannover Re.
Posted: Dec 05, 2024
CyberCube, a provider of cyber risk analytics solutions, has announced a new partnership with HUB International (HUB), an insurance brokerage and financial services firm. Through this collaboration, HUB will harness CyberCube’s software and expert...
Posted: Dec 05, 2024
UnitedHealth Group’s investor day turned from an ordinary corporate meeting in a midtown Manhattan hotel to a scene of stunned grief quicker than the health insurer could even react. “It was mid-presentation when everyone began to get the...
Posted: Dec 05, 2024
According to a new report by S&P Global, insurers and reinsurers are exposed to cyber threats, with the potential for a direct attack to impact their operations, potentially costing a significant portion of their average annual earnings. Re/in...
Posted: Dec 05, 2024
HDI Global, a commercial and specialty lines insurer, has appointed François Périquet as its new Global Head of Engineering, effective February 1, 2025. Périquet succeeds Dieter Spaar, who is retiring after eight years in the role. He will report...
Posted: Dec 05, 2024
Insurance Business Magazine - US
Posted: Dec 05, 2024
BMS, an independent insurance and reinsurance broker, has announced the appointment of three new senior energy industry experts to its fast-growing energy team in London: Charlotte Marsh, Jack Palmer, and Toby Hanington. Marsh, who has been appoin...
Posted: Dec 05, 2024
With conditions in the Florida property insurance market reportedly continuing to improve, Citizens Property Insurance Corporation’s policy count has dipped below 1 million for the first time in more than two years. Florida’s property insurer of l...
Posted: Dec 05, 2024
Chinese hackers compromised eight American telecommunications companies as part of a wide-ranging espionage effort to gather intelligence about prominent US citizens, Biden administration officials said Wednesday. Anne Neuberger, deputy assistant to...
Posted: Dec 05, 2024
Directors and officers face mounting risks from geopolitical tensions, AI adoption and rising insolvency rates through 2025. The post
Posted: Dec 05, 2024
Insly, the low-code software provider to the insurance industry, has launched its first AI-powered solution, FormFlow, which removes a critical bottleneck in the relationship between MGAs, insurers, and their broker partners.
Posted: Dec 05, 2024
Allianz Taiwan introduces new U.S. dollar variable whole life insurance product.
Posted: Dec 05, 2024
Talanx Group, the parent company of Hannover Re, has issued its first ever catastrophe bond, securing multi-year protection against earthquake risks in Chile. The bond, valued at USD 100 million, was issued via Maschpark Re Ltd., a special purpose...
Posted: Dec 05, 2024
The Federal Deposit Insurance Corp. has started to directly monitor financial-technology companies that partner with banks across the US, according to people familiar with the regulator’s supervisory operations. The fintech monitoring system wi...
Posted: Dec 05, 2024
With the US enduring two major hurricanes and numerous severe thunderstorms in 2024, it has contributed to at least two-thirds of the estimated global insured losses for the year, which exceed $135 billion, according to a new report from Swiss Re....
Posted: Dec 05, 2024
Economic threats continue to overshadow climate and cyber risks as one of the top three near-term risks for business leaders in G20 countries, according to the Executive Opinion Survey, conducted by the World Economic Forum and released by Marsh M...
Posted: Dec 05, 2024
LIIBA, the London and International Insurance Brokers’ Association, has named Price Forbes & Partners’ Greg Zucker, as the new chair of its Facilities Committee. Zucker, who currently serves as Facilitised Business Manager at Price Forbes &...
Posted: Dec 05, 2024
DOCOsoft, a provider of claims technology solutions, has announced the appointment of Ian Gibbard as Head of London Market. With over 30 years of experience in technology-driven solutions and London Market re/insurance. Gibbard brings a proven tra...
Posted: Dec 05, 2024
Constellation’s Latin American subsidiary, Ohio National Seguros de Vida – Chile, has acquired Zurich Insurance Group’s $2.1 billion annuity portfolio in Chile. Through this strategic move, previously announced in May 2023, Ohio Nation...
Posted: Dec 05, 2024
Posted: Dec 05, 2024
Posted: Dec 05, 2024
Pen Underwriting, a subsidiary of Arthur J. Gallagher & Co., has announced that its specialist home insurance practice has signed up to Flood Re’s Build Back Better scheme to reduce the impact of future flooding on its customers by helping to...
Posted: Dec 05, 2024
EPIC Insurance Brokers & Consultants, a national insurance brokerage firm, has announced three key appointments in the Midwest region, further strengthening its presence in the St. Louis, MO area. The new hires bring decades of experience acro...
Posted: Dec 05, 2024
Insurer Suncorp has entered a multi-year agreement with Duck Creek, a provider of software solutions for property and casualty (P&C) and general insurance, to aid in its ongoing journey of technology modernisation and process simplification. T...
Posted: Dec 05, 2024
Aon Names O’Connell as Global Cyber Strategy and Growth Leader Aon plc named Robert O’Connell as global cyber strategy and growth leader, executive managing director, within its Reinsurance Solutions business. O’Connell will be base...
Posted: Dec 05, 2024
Target has failed to persuade a judge in Florida to dismiss a lawsuit that accused the retailer of deceiving shareholders after its sales of LGBTQ-themed merchandise for Pride Month sparked a backlash and a customer boycott. U.S. District Judge John...
Posted: Dec 05, 2024
Paul Atkins is President-elect Donald Trump’s choice to lead the US Securities and Exchange Commission, suggesting four years of relaxed policy and enforcement for crypto firms to hedge funds. Trump selected Atkins to replace outgoing Chair Gar...
Posted: Dec 05, 2024
The last thing John and Jenny Mackenzie saw as they fled their Vermont home with their daughters, dog and two guinea pigs last summer was their cars upended and propelled away by rushing flood waters. Minutes earlier they had abandoned …
Posted: Dec 05, 2024
Claim frequency in California workers’ compensation remains significantly higher in the Los Angeles Basin than in the northern part of the state, a new study shows. The Workers’ Compensation Insurance Rating Bureau of California released...
Posted: Dec 05, 2024
Arizona Department of Insurance Director Barbara D. Richardson has created a Resiliency and Mitigation Council that plans to examine the availability and affordability of homeowners insurance in forested and wildland-urban interface (WUI) areas of Ar...
Posted: Dec 05, 2024
Diane Moss lost her home in the Santa Monica Mountains after power lines ignited the apocalyptic Woolsey Fire in 2018. Since then, she’s pressed for a safer electric grid in California. “It’s so easy to forget the risk that we ̷...
Posted: Dec 05, 2024
Beazley Security, a provider of cyber risk management and insurance solutions, has announced the appointment of two senior leaders to drive its growth and geographic expansion. Stephanie Webb will lead sales operations in the UK and Europe, while...
Posted: Dec 05, 2024
This post is part of a series sponsored by Darkhorse Insurance. Choosing the right partnerships can make or break your insurance agency’s success. Aggregators in insurance and agency networks provide the essential support and resources you need...
Posted: Dec 05, 2024
The unique risk management needs of architects and engineers require an in-depth understanding of the professions and a durable underwriting approach. The post
Posted: Dec 05, 2024
The $100,000 donation will further the fund’s mission to support those in the independent insurance channel impacted by catastrophes. Liberty Mutual, Safeco and State Auto have also pledged to donate annually to the fund.
Posted: Dec 04, 2024