All Posts
How AI is Reshaping Cyber Insurance AI & Machine Learning
Posted: Nov 20, 2024
The Supervisory Board of Deutsche Rückversicherung AG (Deutsche Rück) has announced the appointment of Achim Bosch as the new Chief Executive Officer (CEO), effective 1 July 2025. Bosch will succeed Frank Schaar, who has served as CEO since Februa...
Posted: Nov 20, 2024
Reinsurance giant Swiss Re still positions sustainable infrastructure as being “super attractive” as an asset class, despite it still not being deemed as being an official asset class, according to Jérôme Jean Haegeli, Swiss Re’s Group...
Posted: Nov 20, 2024
New research reveals serious privacy flaws in the data practices of new internet connected cars in Australia. It’s yet another reason why we need urgent reform of privacy laws. Modern cars are increasingly equipped with internet-enabled feature...
Posted: Nov 20, 2024
According to analysts at Fitch Ratings, changes to reinsurance-related capital requirements proposed by the Australian Prudential Regulation Authority (APRA) could wind up supporting Australian general insurers’ credit profiles over the medium ter...
Posted: Nov 20, 2024
BMS Group, the independent specialist insurance and reinsurance broker, has announced the appointment of Ryan Phillips as Director & African Practice Leader, effective March, 2025. Based in London, Phillips will report to Paul Galvin, Director...
Posted: Nov 20, 2024
The UK’s top financial regulator has spent much of its eleven-year history in combat with the industry it oversees, a tone set by its first chief executive Martin Wheatley, whose zeal for fining banks got him ousted in 2015. Now, …
Posted: Nov 20, 2024
Michael Paczolt, principal actuary at Milliman, shares valuable insights on the evolving role of artificial intelligence and predictive analytics in workers' compensation claims management The post
Posted: Nov 20, 2024
Last month’s catastrophic floods in eastern Spain are likely to have a negative impact of 0.2 percentage points on the country’s gross domestic product in the fourth quarter, the Bank of Spain said on Wednesday. More than 200 people died...
Posted: Nov 20, 2024
Reinsurance broker Lockton Re has partnered with global data analytics and technology provider Verisk, to develop new re/insurance products that address the growing impact of climate change on agriculture. In this collaboration, Lockton Re will le...
Posted: Nov 20, 2024
Tokio Marine’s international business reported Q2 2024 fiscal year profit of JYP 251.4 billion ($1.62 billion), an increase of 24.5% from the same period of the previous year, while net premiums written surged 14.8% to JYP 1,706.7 billion ($10.97...
Posted: Nov 20, 2024
This post is part of a series sponsored by AgentSync. Data is at the core of the insurance industry. From the smallest independent agencies to the largest legacy carriers, insurance organizations of all sizes house data. This includes distribution ch...
Posted: Nov 20, 2024
Rokstone, a global specialty re/insurance MGA under the Aventum Group, has announced the launch of Rokstone Parametric in partnership with NormanMax Lloyd’s Syndicate 3939. The initiative begins with a global facility of USD 10 million, offering c...
Posted: Nov 20, 2024
Despite losses from hurricanes Helene and Milton in the second half of the year, underwriting profit margins remain strong for reinsurers and 2024 is poised to be another solid year for the sector, leading ratings agency AM Best to maintain its po...
Posted: Nov 20, 2024
London market technology specialists Ebix Europe has announced the appointment of industry veteran Jeff Ward as its new Sales Director, effective immediately. In his new role, Ward will focus on Ebix Europe’s three flagship products – PlacingHub,...
Posted: Nov 20, 2024
Posted: Nov 20, 2024
Posted: Nov 20, 2024
Posted: Nov 20, 2024
Fannie Mae, a government-sponsored enterprise and provider of mortgage financing in the United States, has completed a new Credit Insurance Risk Transfer transaction, CIRT 2024-H3, transferring $160.9 million of mortgage credit risk to private ins...
Posted: Nov 20, 2024
Distinguished Programs, the national insurance program manager, has appointed Darryl Proniuk as Vice President, National Agency Sales for the firm’s Fine Art and Collectibles program. In the role, Proniuk will be expected to cultivate relati...
Posted: Nov 20, 2024
Nicola Stacey, Chief Underwriting Officer at Chaucer, has been elected President of the Chartered Insurance Institute (CII). The CII is the leading professional membership organisation for the insurance sector, representing over 120,000 members in...
Posted: Nov 20, 2024
AnchorWatch, an insurer specialising in bitcoin custody, has received a Lloyd’s of London Coverholder position. This milestone solidifies AnchorWatch’s position in the emerging market of insured bitcoin custody solutions. The firm will officially...
Posted: Nov 20, 2024
The United States must address a growing public-health crisis over traffic deaths that remain significantly higher than pre-pandemic levels, the head of the National Transportation Safety Board said on Tuesday. “Unlike most developed nations, U...
Posted: Nov 20, 2024
Insurance carriers may want to examine policy language – and what information they request from insureds – after the U.S. Supreme Court let stand a lower court’s ruling which could force Argo Group to cover claims that a wood-treating company &...
Posted: Nov 20, 2024
The Marriott Marquis San Diego Marina was fined $9.4 million by the California Labor Commissioner’s Office for violating the state’s worker recall law. The penalty is for the hotel’s reported failure to rehire 15 employees laid off...
Posted: Nov 20, 2024
VOOM Insurance, a company specialising in InsurTech and developing usage-based insurance solutions for the evolving mobility landscape, has appointed Thomas Coyne as Head of Insurance. With more than 30 years of experience in the property and casu...
Posted: Nov 20, 2024
U.S. officials would allow increased logging on federal lands across the Pacific Northwest in the name of fighting wildfires and boosting rural economies under proposed changes to a sweeping forest management plan that’s been in place for three...
Posted: Nov 20, 2024
New York City has issued its first drought warning in 22 years after months of little rain — and will restart the flow of drinking water from an out-of-service aqueduct as supplies run low. Dry conditions across the Northeast have …
Posted: Nov 19, 2024
A man was arrested on suspicion of intentionally setting brush fires in Massachusetts during a time of dry conditions that have led to blazes throughout the Northeast, police said Monday. Police said they arrested the 72-year-old Attleboro man during...
Posted: Nov 19, 2024
Like elections in the past, this one will not impact agency values—but fiscal policy could impact the portion owners take home.
Posted: Nov 19, 2024
LOCATION Property Protection Scor (PPS) measures homeowners fire protection with deeper granularity and enhanced scoring criteria.
Posted: Nov 19, 2024
The partnership introduces Blink Parametric’s real-time parametric technology into Protect Marketplace.
Posted: Nov 19, 2024
Partnering with NormanMax Lloyd’s Syndicate 3939, Rokstone Parametric will have the ability to write both Facultative and Treaty Business.
Posted: Nov 19, 2024
The decision has wide-reaching implications for both employers and employees across the country as it alters the criteria for determining overtime eligibility under the Fair Labor Standards Act (FLSA).
Posted: Nov 19, 2024
Insurance Information Institute
MIAMI, Nov. 20, 2024 – Cyber incidents, changes in climate, and business interruption are the chief risk concerns among key marketplace segments in the insurance industry, a new survey from Munich Reinsurance America Inc. (“Munich Re US”) and the Ins...
Posted: Nov 19, 2024
The partnership includes the placement of the IMA logo on all home, away, and alternate jerseys during the 2024-25 and 2025-26 NHL seasons.
Posted: Nov 19, 2024
IBHS's Wright on how the insurance industry is approaching disaster mitigation through innovative building standards and state-level partnerships. The post
Posted: Nov 19, 2024
At National Comp 2024, Risk & Insurance’s Abi Potter Clough spoke with three Gallagher Bassett executives about the unique challenges facing workers' compensation in the construction industry. The post
Posted: Nov 19, 2024
Home Factors can provides insights regarding the type of piping, status of electrical systems, and type of flooring.
Posted: Nov 19, 2024
FOXO began 2024 with a continued focus on commercializing its epigenetic technology.
Posted: Nov 19, 2024
Completed four acquisitions with estimated annual revenues of $8 million.
Posted: Nov 19, 2024
Together, the two will offer an integrated approach for risk assessment, prediction, and response solutions across wildfire, flood, severe convective storm, and other extreme weather threats.
Posted: Nov 19, 2024
GBLI provides specialty and niche insurance products nationwide.
Posted: Nov 19, 2024
The group of companies reported a net underwriting loss of ~$4 billion.
Posted: Nov 19, 2024
First Connect's network of appointed agents now has a single access point to Simply Business's suite of digital insurance products.
Posted: Nov 19, 2024
The company is nearing the end of its second year as a public company.
Posted: Nov 19, 2024
Ascent is backed by TruStage Ventures.
Posted: Nov 19, 2024
Founded in 2016, Foxquilt is a digital, commercial broker operating in the US and in Canada.
Posted: Nov 19, 2024