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Starwind Specialty Insurance Services, headquartered in New York City, named Kirk Conrad as chief underwriting officer. Conrad, based in Dallas, has over two decades of experience across multiple industry sectors, spanning roles in commercial and per...
Posted: Oct 03, 2024
The insurance and reinsurance industry is about confidence giving, providing financial protection, and establishing public and private partnerships, according to John Neal, Chief Executive Officer (CEO) of the specialist Lloyd’s insurance an...
Posted: Oct 03, 2024
The deal, brokered by Alliant with additional support from Munich Re, aims to improve UC’s earthquake preparedness and resilience.
Posted: Oct 03, 2024
Hippo also announced Perry Homes and Van Daele have joined the Hippo New Homes Program.
Posted: Oct 03, 2024
The product will be distributed through Swain & Baldwin’s network of retail agents and made available directly to consumers.
Posted: Oct 03, 2024
Both will report to Don Vu.
Posted: Oct 03, 2024
Posted: Oct 03, 2024
Global insurance and reinsurance broking group Aon has appointed Paul Schultz as Vice Chair of its Reinsurance Solutions arm, with Richard Pennay taking over as Chief Executive Officer (CEO) of Aon Securities, the firm’s capital markets and...
Posted: Oct 03, 2024
McGriff, a large retail insurance brokerage headquartered in Charlotte, announced it has acquired Amity Benefits, an employee benefits brokerage based in Tampa. Amity, founded in 2017, has specialized in the auto dealer space. The acquistion will exp...
Posted: Oct 03, 2024
Optio Group, a specialty managing general agent (MGA) has acquired the Luxembourg-based MGA, Circles Group (Circles) for an undisclosed sum, subject to regulatory approval. According to the announcement, the acquisition of Circles marks Optio̵...
Posted: Oct 03, 2024
KCC Estimates Hurricane Helene Insured Losses at $6.4B Karen Clark & Co. estimates that the privately insure...
Posted: Oct 03, 2024
A Tennessee plastics factory kept workers going until it was too late to evacuate before Hurricane Helene flooding swamped the building, employees have said. Now, the company is likely facing liability lawsuits and heightened workers’ compensat...
Posted: Oct 03, 2024
A Tennessee plastics factory kept workers going until it was too late to evacuate before Hurricane Helene flooding swamped the building, employees have said. Now, the company is likely facing liability lawsuits and heightened workers’ compensat...
Posted: Oct 03, 2024
Coalition, an active insurer focused on preventing digital risks, has appointed Tine Simonsen as its Head of Insurance for Continental Europe. Simonsen has nearly 14 years of experience as a specialist within the Financial Lines & Cyber Insura...
Posted: Oct 03, 2024
While the Lloyd’s market reported its best first-half profit in 17 years, it isn’t resting on its laurels. It is carefully monitoring areas where potential vulnerabilities have been identified. During a recent market briefing, Rachel Turk...
Posted: Oct 03, 2024
Global insurance broker AssuredPartners announced it has acquired Halstead Insurance Agency, a Fitchburg, Massachusetts-based agency offering personal and commercial insurance. The Halstead team will remain under the operational leadership of agency...
Posted: Oct 03, 2024
As flooding hammered Appalachia in the aftermath of Hurricane Helene, residents became intimately familiar with a new norm in the US’s post-storm script: dams at imminent risk of failing. Officials last week said multiple dams were on the brink...
Posted: Oct 03, 2024
A new parametric insurance platform, Adaptive Insurance, powered by artificial intelligence (AI) has launched with a mission to change how businesses safeguard against climate risks. The company’s flagship product GridProtect will offer immediate,...
Posted: Oct 03, 2024
Moody’s Ratings has upgraded Hub International Limited’s corporate family rating to B2 from B3, with a stable outlook, as well as its probability of default rating to B2-PD from B3-PD. According to the agency, this upgrade was based on the company...
Posted: Oct 03, 2024
President Joe Biden ratcheted up pressure on US port employers and shipping lines to restart talks with striking dock workers, warning that the unfolding strike could turn into a “man-made disaster.” Biden spoke about the strike that has...
Posted: Oct 03, 2024
Global insurance and reinsurance broker Aon has restructured its senior leadership team for US Financial Services Group (FSG), appointing Anna Digel as Chief Broking Officer. Collin Breeney and Joe Reynolds have also been promoted to co-leaders fo...
Posted: Oct 03, 2024
Dellwood Insurance Says AIG’s ‘Ginned-Up Claims’ Must Be Dismissed The legal squabble between American Interna...
Posted: Oct 03, 2024
Central European Floods to Cost Insurers $2.2B to $3.4B: Verisk Insu...
Posted: Oct 03, 2024
The fire that razed the historic Maui town of Lahaina last year was caused when Hawaiian Electric Industries Inc. re-energized broken utility lines that caused sparks to ignite unmaintained dry vegetation, the Maui Fire Department said. The blaze was...
Posted: Oct 03, 2024
AM Specialty Insurance Company (ASIC), a provider of specialised insurance products, and Swain & Baldwin Insurance & Risk Management, an independent agency with over 65 years of experience, are excited to announce the launch of the PawPro...
Posted: Oct 03, 2024
Maryland Gov. Wes Moore signed an executive order Tuesday that aims to transform 5,000 vacant properties in Baltimore into homeownership or other positive outcomes in five years. The order creates a program called Reinvest Baltimore. It will coordina...
Posted: Oct 03, 2024
Ryan Specialty, an international specialty insurance firm, has completed the acquisition of certain assets of Geo Underwriting Europe BV (Geo Europe), a European managing general agent (MGA) and part of The Ardonagh Group. This follows the initial...
Posted: Oct 03, 2024
Insurance Business Magazine - US
Posted: Oct 03, 2024
Hurricane Helene is not likely to affect credit ratings for property/casualty re/insurers, Citizens Property Insurance or the Florida Hurricane Catastrophe Fund (FHCF), according to Fitch Ratings. Fitch based its assessment on its initial estimate...
Posted: Oct 03, 2024
Hurricane Helene is not likely to affect credit ratings for property & casualty re/insurers, Citizens Property Insurance or the Florida Hurricane Catastrophe Fund (FHCF), but could trigger the National Flood Insurance Program’s (NFIP) ca...
Posted: Oct 03, 2024
Pine Walk Capital Ltd., the specialist MGA incubator platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of Silverflame Re, a new specialty reinsurance MGA. Silverflame Re will complement The Fidelis Partnershi...
Posted: Oct 03, 2024
The Fidelis Partnership’s wholly-owned subsidiary, Pine Walk Capital Limited, has launched Silverflame Re, a new specialty reinsurance managing general agent (MGA). Silverflame Re aims to complement The Fidelis Partnership’s existing special...
Posted: Oct 03, 2024
University of California Purchases Sensor-Triggered Earthquake Parametric Policy What is being call...
Posted: Oct 03, 2024
On a warm spring night in Athens, shortly before midnight, a senior executive at a Greek shipping company noticed an unusual email had landed in his personal inbox. The message, which was also sent to the manager’s business email address, ̷...
Posted: Oct 03, 2024
The Microinsurance Network (MiN), a Luxembourg-based non-profit association, has announced a strategic partnership with the African Insurance Organisation (AIO), marking a significant milestone in advancing the development of inclusive insurance m...
Posted: Oct 03, 2024
Insurance and reinsurance broker Arthur J. Gallagher & Co. has announced that Artex, its alternative risk and capital solutions subsidiary, has acquired RIBV Holdings, LLC, which operates as Risk International. Based in Ohio, Risk Internationa...
Posted: Oct 03, 2024
CRC Group’s Starwind Specialty Insurance Services has appointed Kirk Conrad as its Chief Underwriting Officer (CUO). As CUO, Conrad will help shape the firm’s underwriting strategies, monitor and manage risks, and help to stay on top of emerging t...
Posted: Oct 03, 2024