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Admiral UK CEO to step down

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Cristina Nestares is stepping down.

Posted: Oct 08, 2024

Erik Garbin joins R-LABS

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Erik will lead the company’s new venture creation and corporate innovation activities.

Posted: Oct 08, 2024

Canada Life signs distribution agreement with Primerica Canada

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The phased rollout begins in early 2025, with no impact on Canada Life's existing distribution or advisors.

Posted: Oct 08, 2024

World’s Rivers Faced Driest Year in Three Decades in 2023

Carrier Management

World’s Rivers Faced Driest Year in Three Decades in 2023 The U.N. weather agency is reporting that 202...

Posted: Oct 08, 2024

U.S. P/C Insurers’ See Slump in Shares as Hurricane Season Losses Mount

Carrier Management

U.S. P/C Insurers’ See Slump in Shares as Hurricane Season...

Posted: Oct 08, 2024

Study: E-bike and Powered Scooter Injuries Soar

Carrier Management

Study: E-bike and Powered Scooter Injuries Soar Electric bike and powered scooter injuries surged between 2...

Posted: Oct 08, 2024

How Texas Weakened Its Own Air Pollution Monitoring Team

Insurance Journal

When disaster affects the sprawling industrial complexes of Texas, the state’s environmental authority often posts pictures online of its white vans patrolling public streets, verifying the local air is safe to breathe. The Texas Commission on...

Posted: Oct 08, 2024

Hub Acquires Missouri’s AIG Agency

Insurance Journal

Hub International Limited (Hub) announced that it has acquired the assets of AIG Agency Inc. (d/b/a Associated Insurance Group). Terms of the transaction were not disclosed. Located in Maryland Heights, Missouri, Associated Insurance Group is an inde...

Posted: Oct 08, 2024

No Sovereign Immunity for Virginia City or Truck Driver In-Between Garbage Pick-Ups

Insurance Journal

The Virginia Court of Appeals has ruled that a trial court erred in finding that a garbage truck driver and the city of Chesapeake were shielded by sovereign immunity for their role in an accident caused by the truck driver …

Posted: Oct 08, 2024

Illinois Manufacturer to Pay $1.3M After Plant Explosion

Insurance Journal

Chemical products manufacturer AB Specialty Silicones LLC will pay $1.3 million in penalties after an explosion and fire at its Waukegan, Illinois plant in May 2019 claimed the lives of four workers. The U.S. Department of Labor’s Occupational...

Posted: Oct 08, 2024

Five Dead, One Critically Injured in Tragic Ohio Car Crash

Insurance Journal

GOSHEN, Ohio (AP) — An early morning crash involving two cars on an Ohio road killed five people and critically injured another person, authorities said. The Ohio State Highway Patrol said a car heading northeast on Route 28 struck a …

Posted: Oct 08, 2024

Hurricanes Like Helene Keep Killing for Years After They Strike

Insurance Journal

Hurricanes in the United States end up hundreds of times deadlier than the government calculates, contributing to more American deaths than car accidents or all the nation’s wars, a new study said. The average storm hitting the U.S. contributes...

Posted: Oct 08, 2024

Markets/Coverages: Price Forbes Re Taps Gallagher Re’s Cole as Head of Financial Lines; BHSI Names A...

Insurance Journal

This edition of International People Moves details appointments at Price Forbes Re and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Price Forbes Re Names Gallagher Re’s Cole as EVP, Head of Financial...

Posted: Oct 08, 2024

Arta Finance partners with Prudential

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Arta Finance is a digital family office with expertise and offerings spanning investment, tax, insurance and beyond.

Posted: Oct 08, 2024

Simply Business partners with Markel

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Simply Business offers insurance across more than 1,200 different trades and professions. 

Posted: Oct 08, 2024

Orion180 partners with Vexcel

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The agreement secures an enterprise license for accessing high-resolution aerial imagery and property analytics, including post-disaster damage assessments.

Posted: Oct 08, 2024

Beazley launches Beazley Quantum

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The new offering is available through the Global Wholesale platform via Lloyd’s.

Posted: Oct 08, 2024

Ambac announces partnership with Pivix

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Pivix offers property and casualty coverages for targeted segments.

Posted: Oct 08, 2024

Kingsway acquires Image Solutions

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Kingsway acquired Image Solutions, an information technology managed services provider, for $19.5 million.

Posted: Oct 08, 2024

Polly partners with TruStage

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Polly will power TruStage's auto and home offering. 

Posted: Oct 08, 2024

Ambac partners with Mike Miller-led MGA Pivix

Reinsurance News

Insurance holding company Ambac has partnered with Mike Miller and his team on the launch of Pivix Specialty Insurance Services Inc., a managing general agency focusing on the excess and surplus (E&S) lines market. Miller, who is the former pr...

Posted: Oct 08, 2024

The Growing Challenge of Extreme Droughts

Insurance Thought Leadership

The Growing Challenge of Extreme Droughts Risk Management ClareCarroll1

Posted: Oct 08, 2024

Pension de-risking surge as 93% of sponsors plan full liability divestment: MetLife

Reinsurance News

LIMRA, a research and consulting organisation in the insurance and financial services industries, reports that pension risk transfer (PRT) transactions increased by 14% in the first half of 2024 compared to the same period in 2023. Meanwhile, MetL...

Posted: Oct 08, 2024

Balancing Humanity in the Age of Generative AI

Insurance Thought Leadership

Balancing Humanity in the Age of Generative AI Customer Experience ClareCarroll1 ...

Posted: Oct 08, 2024

As Milton Nears, Flood-Proof Fences Will Face a Major Test in Tampa

Insurance Journal

For the second time in two weeks, Tampa General Hospital is getting ready to keep water at bay. Hurricane Milton is expected to make landfall Wednesday and will test the hospital’s flood barrier. It takes dozens of facilities workers to …

Posted: Oct 08, 2024

Casualty re/insurance market is ‘reacting in a measured way’, says Chris Larson, SiriusPoint

Reinsurance News

In an interview with Reinsurance News around the 2024 APCIA annual conference, Chris Larson, Head of Global Casualty Underwriting at SiriusPoint, highlighted how the casualty market is cautiously addressing challenges like rising losses ahead of t...

Posted: Oct 08, 2024

Former Hurricane Kirk Set to Lash France With Heavy Rain

Insurance Journal

The remnants of Hurricane Kirk are forecast to hit France on Wednesday, after weakening to a post-tropical cyclone. The storm will bring wind gusts as strong as 150 kilometers (93 miles) per hour to the Pyrenees, according to Météo-France. It …

Posted: Oct 08, 2024

Commercial P&C Rates Rise 3.8% in Q3, But Storm Threat May Be Rising

Risk & Insurance

Commercial insurance rates continue to see modest increases in 3Q, but hurricane season may lead to potentially significant losses, MarketScout reports. The post

Posted: Oct 08, 2024

13 States and DC Sue TikTok, Accusing Platform of Harming Younger Users

Insurance Journal

TikTok faces new lawsuits filed by 13 U.S. states and the District of Columbia on Tuesday, accusing the popular social media platform of harming and failing to protect young people. The lawsuits filed separately in New York, California, the District...

Posted: Oct 08, 2024

Florida CFO Issues Order Allowing Agency Customer Reps to Work Remotely

Insurance Journal

Florida law requires insurance agencies’ customer service representatives to work only at the agency office. But with another hurricane headed toward the state, and much of the western part of the state under evacuation orders, Florida’s...

Posted: Oct 08, 2024

Amwins and Floodbase launch parametric flood insurance for Californian municipalities

Reinsurance News

Amwins, a London-domiciled global speciality distributor, in partnership with insurtech Floodbase, has launched a municipal flood insurance program, designed to insure California municipalities against previously uncovered losses due to atmospheri...

Posted: Oct 08, 2024