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Trinidad Navarro will retain his role as Delaware insurance commissioner. Navarro, the state’s Democratic incumbent, defeated Republican nominee Ralph Taylor in Tuesday’s election. More than 95% of the vote was in at press time, and Navar...
Posted: Nov 06, 2024
Employers prioritize mental and physical wellbeing, but employees identify financial wellbeing as their primary concern, A WTW survey finds. The post
Posted: Nov 06, 2024
Covered’s marketplace will be integrated into Blend’s mortgage application workflow.
Posted: Nov 06, 2024
The offer is available both online and offline.
Posted: Nov 06, 2024
With wildfires and other natural disasters on the rise, several states are taking steps to make fire risk ratings more transparent for homeowners.
Posted: Nov 06, 2024
Insurance Business Magazine - US
Posted: Nov 06, 2024
With Donald Trump’s imminent return to the White House, re/insurers are now reconsidering the policies that shaped his first presidency and preparing for the potential impacts on the sector. Trump’s “America First” agenda is expected to re-e...
Posted: Nov 06, 2024
Florida’s state-created Citizens Property Insurance Corp., the largest insurer in the state, has suspended binding on policies, statewide, as yet another hurricane approaches from the Carribbean Sea and Gulf of Mexico. As of Monday, Nov. 4, ...
Posted: Nov 06, 2024
The re/insurance market has absorbed the elevated level of small and medium sized catastrophe events around the world so far this year, which will ensure pricing remains robust for the remainder of 2024 and beyond, leading Gregory Roberts, Chief U...
Posted: Nov 06, 2024
After considering traditional models like surplus notes, they realized there was a need for something new and innovative that brought together both a capital solution and operational solutions. The post
Posted: Nov 06, 2024
JACKSON, Miss. (AP) — Police in Mississippi’s capital said a man died Monday when he was trying to repair a dump truck and asphalt poured onto him. Darrell Sheriff, 41, was underneath the truck working on a hydraulic line when …
Posted: Nov 06, 2024
Insurtech MIC Global has partnered with VOOM Insurance to provide reinsurance to its rideshare business. This partnership aligns with MIC’s mobility book and reflects its commitment to supporting innovative solutions for the future of mobility. VO...
Posted: Nov 06, 2024
A constitutional amendment that would have legalized recreational marijuana in Florida won a majority of votes Tuesday but fell short of the required 60% needed to pass. The vote snuffs out what was expected to be a rush to set …
Posted: Nov 06, 2024
QBE Asia has announced the appointment of Jeyasakthi Ratnasingam as Head of Risk and Compliance. In this role, Ratnasingam will oversee the firm’s risk and compliance strategy, program, and infrastructure, ensuring robust controls, procedures, and...
Posted: Nov 06, 2024
Chaucer has launched a new nuclear insurance policy that provides nuclear power plants (NPP) with insurance cover for cyberattacks. Called CyNuC, the malicious act cyber insurance policy was developed specifically by Chaucer’s Lloyd’s Syn...
Posted: Nov 06, 2024
Buyer friendly conditions for insurance buyers in North America continued through the third quarter of 2024, accelerating in key areas as insurers seek to achieve year-end growth, Aon has revealed in its recent North America Market Overview for Q3...
Posted: Nov 06, 2024
AIG CEO Zaffino on Approach to Catastrophe Losses in T...
Posted: Nov 06, 2024
Donald Trump’s return to the White House after winning the Nov. 5 U.S. presidential election may reshape American business. Much depends on whom he appoints as deputies and cabinet members, including the role of Tesla CEO Elon Musk, and what &#...
Posted: Nov 06, 2024
North Carolina Insurance Commissioner Mike Causey was reelected to a third term, gaining 52% of the vote to Democratic opponent Natasha Marcus’ 48%. News reports and the Associated Press indicated that, by early Wednesday, Causey had picked up...
Posted: Nov 06, 2024
Bay Harbor Reinsurance Company, a reinsurer focused on the US Property and Casualty program marketplace, has announced the expansion of its letter of credit facility to $150 million with Comerica Bank. This increase highlights the company’s...
Posted: Nov 06, 2024
Ryan Specialty, the Chicago-based specialty insurance services firm, has completed the acquisition of Innovisk Capital Partners from Abry Partners and BHMS Investments. Financial details of the deal were not disclosed. London-based Innovisk has becom...
Posted: Nov 06, 2024
William Orendorf has been promoted to the role of Chief Underwriting Officer (CUO) at reinsurance-linked investment manager Chard Re. Orendorf, who has over two decades of industry experience, has been part of the company since 2022, when he joine...
Posted: Nov 06, 2024
Singapore Telecommunications Ltd., Singapore’s largest mobile carrier, was breached by Chinese state-sponsored hackers this summer as part of a broader campaign against telecommunications companies and other critical infrastructure operators ar...
Posted: Nov 06, 2024
Enstar Group Limited, a company specialising in managing runoff insurance and reinsurance portfolios, through its wholly-owned subsidiary, Cavello Bay Reinsurance Limited, has acquired a Bermuda-domiciled Class 3B insurer and segregated accounts c...
Posted: Nov 06, 2024
Spanish Prime Minister Pedro Sanchez announced the first financial package for victims of the storms that killed more than 200 people in the country’s eastern region of Valencia. Spain will earmark as much as €10.6 billion ($11.5 billion) for i...
Posted: Nov 06, 2024
American Financial Group’s (AFG’s) Specialty property & casualty (P&C) insurance operations reported underwriting profit of $117 million in the third quarter of 2024, compared to $143 million in the prior year period, while cat...
Posted: Nov 06, 2024
Penn State’s Jared Wise pivoted from a background in commercial lines underwriting to become CRO of one of the Middle Atlantic’s largest educational institutions. The post P...
Posted: Nov 06, 2024
Reinsurance broker Lockton Re has announced the addition of Henry Philipps to its Marine & Energy team as Senior Broker. Philipps is joining Lockton Re from Guy Carpenter, where he most recently served as Senior Vice President. He joined the r...
Posted: Nov 06, 2024
Innovative wildfire solutions have the potential to change how we approach the risk. The post ...
Posted: Nov 06, 2024
International General Insurance Holdings Ltd. (IGI), in its Q3 2024 results, has reported net income of $34.5 million compared to $10.9 million last year, driven primarily by an increase in net premiums earned (NPE) of $17.2 million. The increase...
Posted: Nov 06, 2024
The Pacific Catastrophe Risk Insurance Company (PCRIC), in collaboration with the global advisory, broking, and solutions company WTW, has renewed its portfolio of policies for governments and government-affiliated entities in Pacific Island count...
Posted: Nov 06, 2024
This post is part of a series sponsored by AgentSync. If Colorado’s any indication, more state departments of insurance may be working on legislation to ensure consumer transparency. Across the U.S., homeowners in high-risk wildfire areas are f...
Posted: Nov 06, 2024
Pool Re, the UK’s government-backed terrorism reinsurer, has announced the appointment of Andrew Stark to the newly created role of Head of Underwriting. In his new role, Stark will report to Jonathan Gray, Chief Underwriting Officer at Pool Re. S...
Posted: Nov 06, 2024
AEGIS Managing Agency Limited, managing agent of top-quartile Lloyd’s syndicate 1225 (AEGIS London), has announced the appointment of two new non-executive directors to its Board, Martin Bride and Andrew Gibbs. Both appointments were made ba...
Posted: Nov 06, 2024
Assicurazioni Generali SpA is considering a deal to acquire New York-based credit investment firm MGG Investment Group, people familiar with the matter said, as the Italian insurer looks to expand in the private asset business. Generali has held earl...
Posted: Nov 06, 2024
Specialty insurance and reinsurance group Lancashire Holdings has reported insurance revenue of $1.3 billion for the first nine months of 2024, an increase of $186.8 million, or 16.8%, compared to the same period in 2023, despite anticipating net...
Posted: Nov 06, 2024
Bermuda-based reinsurer Conduit Re generated reinsurance revenue of $588.2 million for the first nine months of 2024, an increase of 30.3% over the same period last year, as gross premiums written (GPW) rose 25.2% amid strong growth in property an...
Posted: Nov 06, 2024
Specialist insurer Beazley has reported a 7% rise in net insurance written premiums to $3.8 billion for the nine months ended September 30th, 2024, and has maintained its combined ratio guidance for the year at around 80% despite expected losses o...
Posted: Nov 06, 2024