All Posts
Carrow Insurance, a newly launched Managing General Agent (MGA), has entered the European mid-market insurance sector under the leadership of Ronan Conboy, former CEO of AmTrust International. The company specialises in Warranty, Accident & He...
Posted: Nov 19, 2024
Acrisure London Wholesale (ALW), the London-based wholesale division of Acrisure, has promoted Tom Quy to Managing Director, effective January 1, 2025. He succeeds John Sutton, who will transition into a new role as a consultant, providing strateg...
Posted: Nov 19, 2024
Lara Desay has been appointed as the Head of Risk Transfer at Hymans Robertson, a pensions and financial services consultancy. Desay brings extensive expertise in the risk transfer market, having joined Hymans Robertson in 2022 as a Partner. Prior...
Posted: Nov 19, 2024
Economic losses caused by natural catastrophes reached an estimated US$280 billion in 2023, with US$51.6 billion of that total due to floods, according to Swiss Re Institute. As climate change intensifies extreme weather events and rapid urban sprawl...
Posted: Nov 19, 2024
Sompo Holdings’ international overseas insurance/reinsurance business has reported an adjusted profit of $652 million in the first half of 2024, an increase of $88 million from the $564 million reported in the same period last year. The comb...
Posted: Nov 19, 2024
Insurance Business Magazine - US
Posted: Nov 19, 2024
Insurance Business Magazine - US
Posted: Nov 19, 2024
Insurance Business Magazine - US
Posted: Nov 19, 2024
As per a new report from the Swiss Re Institute, total global insurance premiums are set to grow at 2.6% annually in 2025 and 2026, primarily driven by life insurance, which is forecast to expand by 3% per year, more than double the rate of the pa...
Posted: Nov 19, 2024
HDI Global has appointed Tom Major as Chief Claims Officer, UK and Ireland, effective from February 7, 2025, who will join the firm’s Executive team, reporting to Stephanie Ogden, Chief Executive Officer, UK and Ireland. Major will join the...
Posted: Nov 19, 2024
Specialist managing general agent (MGA) Aqueous Underwriting has obtained major new capacity in a three-year deal with insurers Allied World and Sompo. From what Reinsurance News understands, the move to a syndicated capacity arrangement will prov...
Posted: Nov 19, 2024
A German court said on Monday that Facebook users whose data was illegally obtained in 2018 and 2019 were eligible for compensation. The Federal Court of Justice (BGH) ruled that the loss of control over one’s data online was grounds …
Posted: Nov 19, 2024
Switzerland-domiciled MS Reinsurance has reported an insurance service profit of £138 million in its half-year 2024 results, up 41% from the same period last year, while its combined ratio also improved to 90.2%. The above figures were strengthene...
Posted: Nov 19, 2024
Wesfarmers-owned Bunnings, the country’s biggest home improvement chain, breached the privacy of thousands of customers by using facial recognition technology without gaining consent, an Australian watchdog has found. Bunnings compared the face...
Posted: Nov 19, 2024
ACORD, the standards organisation for the global insurance sector, has released a unified life insurance application aimed at enhancing efficiency and accuracy for both insurers and distributors. This application, now approved by the Interstate In...
Posted: Nov 19, 2024
An undersea data cable connecting Finland and Germany was cut in the early hours of Monday by what was likely an external impact and a nearby link between Lithuania and Sweden was also damaged. The 1,200-kilometer (750-mile) high-speed fiber optic &#...
Posted: Nov 19, 2024
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has entered into an agreement to acquire the remaining 51.5% of shares of Carpenter Turner, an Athens-domiciled regional reinsurance broking and advisory business. The transaction is ex...
Posted: Nov 19, 2024
Posted: Nov 19, 2024
Posted: Nov 19, 2024
Posted: Nov 19, 2024
West P&I Club, a global insurance provider for the maritime and offshore industries, has opened a new office in Dubai’s International Financial Centre (DIFC), located in Central Park Towers. This marks West’s seventh office worldwide, joining...
Posted: Nov 19, 2024
Florida employers will soon see the smallest decrease in workers’ compensation rates in years – just a 1% reduction from current overall rates in the voluntary market. The Florida Office of Insurance Regulation announced Monday that the insuran...
Posted: Nov 19, 2024
When Hurricane Beryl was rushing across the Atlantic basin in July, the weather forecasting tool made by Google Deepmind, the tech company’s artificial intelligence unit, saw something other models missed. Deepmind’s AI-driven program, ca...
Posted: Nov 19, 2024
If the pace of product recalls continues in the fourth quarter, the number will reach a six-year high by the end of the year, a new report from Sedgwick shows. Year-to-date there have been 2,454 product recalls across five key …
Posted: Nov 19, 2024
ST. LOUIS (AP) — Two Missouri police officers were indicted separately this week and accused of similar crimes — pulling over women and searching their phones to find nude photos. The indictments of former Missouri State Highway Patrol officer David...
Posted: Nov 19, 2024
The U.S. Chemical Safety and Hazard Investigation Board (CSB) released an update on its investigation into the hazardous ammonia release at a food processing facility in Sterling, Virginia that injured dozens of employees. The July 31, 2024 incident...
Posted: Nov 19, 2024
AM Best, the global credit ratings agency, has revised the outlook to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of Tokio Marine...
Posted: Nov 19, 2024
The California Department of Insurance has submitted its final wildfire catastrophe modeling regulation to the Office of Administrative Law for approval. Th regulation is intended to strengthen the state’s insurance law, Proposition 103, by est...
Posted: Nov 19, 2024
A construction industry captive insurer along with three construction contractors have filed a lawsuit alleging a massive New York fraud scheme involving staged workplace accidents and bogus workers’ compensation and personal injury lawsuits ba...
Posted: Nov 19, 2024
This is part of Skyward's Healthcare Solutions unit - led by Julie Miglin.
Posted: Nov 18, 2024
Legal & General America manages 1.4 million policyholders.
Posted: Nov 18, 2024
TLL coverage seamlessly integrates into Obie’s online quoting platform at the time of new business, making adding this protection as simple as selecting a single checkbox.
Posted: Nov 18, 2024
This project is part of broader community efforts by Kemper and The Kemper Foundation, including partnerships with Florida International University and bilingual literacy programs.
Posted: Nov 18, 2024
Dom Peters has agreed to join to lead the newly established division as its CEO, reporting to co-founder and group CEO Jonathan Spry.
Posted: Nov 18, 2024
The collaboration provides advisors and agents with access to an extensive selection of standardized carrier products and advanced digital tools, within a single, intuitive platform.
Posted: Nov 18, 2024
Hendrickson’s experience in underwriting and catastrophe modeling and her ability to secure reinsurance capacity for new programs will support Delos’ plans for growth.
Posted: Nov 18, 2024
Why Obesity Rates Won't Stop Rising Life & Health ClareCarroll1
Posted: Nov 18, 2024
How Business Rules Engines Can Slash Time to Market Going Digital ClareCarroll1
Posted: Nov 18, 2024
Meteorologists are forecasting a stormy pattern that could impact millions of people across U.S. this week with the threat of flooding, travel disruptions and the potential for the first accumulating snowfall of the season in some places. Flooding ra...
Posted: Nov 18, 2024
What Agencies Miss About the Power of Design Agent & Broker sradomski
Posted: Nov 18, 2024
A federal judge reduced a $237.6 million jury award against United Parcel Service to $39.6 million in the case of a Black former driver who accused the package delivery company of workplace bias and wrongful firing. In a decision made …
Posted: Nov 18, 2024
Phil Witherington was appointed as his successor and joining the Board of Directors at that time.
Posted: Nov 18, 2024
The launch of Aon's Cyber Risk Analyzer follows the 2024 debuts of the firm's Property Risk Analyzer, Casualty Risk Analyzer, D&O Risk Analyzer and Health Risk Analyzer.
Posted: Nov 18, 2024
The company has resumed writing Personal Lines business selectively.
Posted: Nov 18, 2024
The Cancer Claim Booster provides an extra 25% payout for advanced or recurring cancers, addressing gaps in existing coverage.
Posted: Nov 18, 2024