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The latest people news in the industry today. The post Christopher Schaper Appointed as Chief Risk Officer at AIG appeared first on
Posted: Nov 14, 2024
The latest people news in the industry today. The post Irina Simpson Appointed as EVP—Workers’ Compensation at Gallagher...
Posted: Nov 14, 2024
The latest people news in the industry today. The post Matt Roy Appointed as U.S. Chief Operating Officer at Ascot appeared first on
Posted: Nov 14, 2024
Texas’s worker’s compensation market is stable and steadily growing. The workers’ compensation market is one of the few consistently profitable lines in the state, according to the Worker’s Compensation Annual Report 2024 from...
Posted: Nov 14, 2024
Surge in telemedicine creates liability risks as providers grapple with coverage gaps and cybersecurity threats, reveals a survey of brokers by QBE North America. The post
Posted: Nov 14, 2024
Despite the growing threat of flooding from intense storms, many homeowners in inland areas remain unprotected as they do not have flood insurance coverage, reflecting a widespread misunderstanding about the coverage, Triple-I highlighted in a rec...
Posted: Nov 14, 2024
Aegis Executive Risks is a division of Aegis General Insurance Agency and K2 Insurance Services.
Posted: Nov 14, 2024
Starfish Space develops autonomous satellite servicing vehicles for extending satellite lifespans and removing space debris.
Posted: Nov 14, 2024
CNA CEO Dino Robusto announced that he will transition to Executive Chairman on January 1, 2025, with Doug Worman stepping in as CEO.
Posted: Nov 14, 2024
Qualys is a provider of cloud-based IT, security and compliance solutions.
Posted: Nov 14, 2024
A new innovation and device care center near Nashville was established to support Assurant’s mobile business.
Posted: Nov 14, 2024
BMS Bacchus is an insurance solution for wine producers.
Posted: Nov 14, 2024
This partnership introduces an Individual Coverage Health Reimbursement Arrangement.
Posted: Nov 14, 2024
The board of NCCI Holdings, Inc. elected Tracy Ryan as its new president and CEO, effective January 6, 2025. Bill Donnell, the company’s current president and CEO, is retiring in February 2025. Boca Raton, Florida-based NCCI said Ryan has more...
Posted: Nov 14, 2024
Stan Bernard has been promoted to Head of Industry Practices for the U.S. Middle Market at Zurich North America, taking over the role from Lynn Zeitler, who will be retiring in December after 31 years with Zurich. In his new role, Bernard will col...
Posted: Nov 14, 2024
Commercial insurance market Lloyd’s of London is restructuring its data, operations and change departments, which will involve outsourcing some of those units’ work, a Lloyd’s spokesperson said on Thursday. It was too soon to say wh...
Posted: Nov 14, 2024
A federal judge on Wednesday sentenced a North Carolina insurance agent to five years in prison for his role in a decade-long scheme that created fraudulent tax shelters and cheated the U.S. government of more than $22 million in tax …
Posted: Nov 14, 2024
GM Recalls Pickups, SUVs Due to Risk of Rear Wheel Lock Up General Motors is recalling nearly 462,000 p...
Posted: Nov 14, 2024
Tokio Marine Group and The Resilient Cities Network (R-Cities) have entered into a partnership which will see Tokio Marine Group provide industry expertise and support to the Resilience Finance Taskforce, made up of cities and private sector partn...
Posted: Nov 14, 2024
New York Governor Kathy Hochul announced a statewide burn ban is in effect until November 30 due to an increased fire risk as the state continues to experience drought conditions and a record number of outdoor fires. Also, Suffolk County …
Posted: Nov 14, 2024
Doe & Emuss (D&E), the London-based boutique professional liability underwriting manager, has been launched with approved coverholder status at Lloyd’s. D&E is founded and led by industry veterans, Chief Executive David Doe and Mana...
Posted: Nov 14, 2024
Newfront's Jake Daly shares how he found a sense of community and belonging in the insurance industry after serving in the military. The post
Posted: Nov 14, 2024
John Dacey, Chief Financial Officer (CFO) of reinsurance giant Swiss Re, has said that short-term, rates need to increase for almost all lines of business exposed to social inflation, as the industry continues to navigate the complex US liability...
Posted: Nov 14, 2024
Chinese state-sponsored hackers perpetrated a “broad and significant cyber-espionage campaign” in which they breached multiple telecommunications companies, US officials said in a statement on Wednesday, confirming additional details abou...
Posted: Nov 14, 2024
Fidelis Insurance Group, a Bermuda-based global specialty re/insurer, announced a new strategic partnership with Euclid Mortgage Insurance Services LLC, a managing general agency that specializes in underwriting credit risk on portfolios of residenti...
Posted: Nov 14, 2024
Atrium, a specialist insurer at Lloyd’s of London, has announced several senior appointments. James Cox has been appointed Group COO, in addition to his duties as Managing Director of Atrium Underwriters Limited, effective January 1, 2025. His app...
Posted: Nov 14, 2024
A group of subsidiaries of Allstate have filed a subrogation suit against Hyundai and Kia to get back costs paid to insureds for damages when their cars suddenly erupted in flames. According to the lawsuit, now in U.S. District Court …
Posted: Nov 14, 2024
Intact Financial Corp., the Toronto-based property-casualty insurer, announce that it has acquired Jiffy Inc., Canada’s No. 1 home maintenance app. Through this acquisition, Jiffy will have the platform and capabilities to accelerate expansion...
Posted: Nov 14, 2024
Risk, safety, and insurance Software as a Service (SaaS) technology firm, Origami Risk, has announced the appointment of Steve Cloutman as Director of Business Development, who has been tasked to build on the company’s strong growth trajectory in...
Posted: Nov 14, 2024
Massachusetts remains under a red flag warning as multiple brush fires continue to burn across the state. The warning issued by the National Weather Service indicates that the fires now burning are at high risk of spreading and more difficult …
Posted: Nov 14, 2024
During an analyst call this morning, the senior executive team at French reinsurer SCOR confirmed that it has secured a new capital markets retrocession agreement with a Tier 1 bank, providing three years of stop-loss protection across both proper...
Posted: Nov 14, 2024
Insurance Business Magazine - US
Posted: Nov 14, 2024
‘Make America Healthy Again’: RFK Jr. Wins Over Fans by Stoking Food Toxin Fear "Make America Great Ag...
Posted: Nov 14, 2024
What Is the Latest Science on Climate Change? This year'...
Posted: Nov 14, 2024
A claim provision requiring insureds to seek underinsured benefits from their auto insurer within three years of an accident is unenforceable in New Hampshire because it restricts the insureds’ right to obtain the same benefits they would have...
Posted: Nov 14, 2024
Allianz Commercial has hired Hiscox’s Rob Carslake as its new head of London region for mid-market, where he will be responsible for the leadership of Allianz’s London region, shaping the business strategy, as well as delivering on the firm&...
Posted: Nov 14, 2024
Talanx Group, the parent company of Hannover Re, has generated nine-month Group net income of €1,592 million, already exceeding the full prior-year figure, and an improved combined ratio of 91.2% from 93.5 in 9M ‘23, despite numerous natural catas...
Posted: Nov 14, 2024
UK insurer Legal & General Assurance Society Limited has announced the completion of a £34 million buy-in with the Walkers Shortbread Limited Retirement Benefits Scheme (the Scheme), securing benefits for 161 retirees and 238 deferred members....
Posted: Nov 14, 2024
French reinsurer SCOR is currently seeing more or less flat property catastrophe reinsurance rates ahead of the January 1st, 2025, renewals, with price increases on loss affected programmes and pressure on loss free programmes in Europe and beyond...
Posted: Nov 14, 2024
According to Morningstar DBRS, insured losses from the extreme weather phenomenon (commonly known by its Spanish acronym DANA (Depresión Aislada en Niveles Altos) that caused severe flooding in the eastern region of Spain in October, are expected...
Posted: Nov 14, 2024
US private flood insurer Neptune Flood reports that the National Flood Insurance Program’s (NFIP) estimated losses from 2024 flood events, including Hurricanes Helene and Milton, as well as Hurricanes Beryl, Debby, and Francine, could reach...
Posted: Nov 14, 2024
British insurer Aviva has reported general insurance (GI) premium growth of 15% to £9.1 billion for the first nine months of 2024 compared to £8 billion in the same period last year. Country-wise, UK&I GI premiums grew by 18% to £5.7 billion i...
Posted: Nov 14, 2024
Typhoon Usagi struck the northern Philippines on Thursday afternoon, the fifth powerful storm to impact the country in three weeks, with the system set to swing north and move toward Taiwan. Usagi, known locally as Ofel, has maximum sustained winds &...
Posted: Nov 14, 2024
Speaking earlier today during Swiss Re’s earnings call for the third quarter of 2024, Group Chief Executive Officer (CEO), Andreas Berger stated that given the current trends being seen across the reinsurance market, he expects 1.1 to be a c...
Posted: Nov 14, 2024