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This edition of International People Moves details appointments at Markel and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Markel Appoints 2 Senior Underwriters, 1 Claims Manager for International Casualty...
Posted: Oct 02, 2024
The Cyber Monitoring Centre (CMC) has partnered with Parametrix Analytics, a newly established provider of cloud risk analytics services, to examine cloud exposure and the effects of cloud outages on UK organisations. An initial project is underwa...
Posted: Oct 02, 2024
Global insurance broker WTW has entered into a co-brokerage arrangement with The J. Morey Company, Inc., an Ori-gen family company, to provide tailored insurance solutions by joining resources and industry expertise. This agreement aims to align r...
Posted: Oct 02, 2024
Hub International Ltd. (HUB), the Chicago-based insurance broker, announced an exclusive referral and broker program partnership throughout the U.S., Canada and Mexico with MAS Seguros, the largest trucking insurance broker in Mexico. The partnership...
Posted: Oct 02, 2024
Simon Collings has been appointed to the newly created executive role of Chief Broking Officer for Gallagher, subject to regulatory approval, and will report to Michael Rea, the broker’s Chief Executive Officer in the UK. Joining the UK executive...
Posted: Oct 02, 2024
Oceanview Reinsurance Ltd., the Bermuda-domiciled reinsurance subsidiary of Oceanview Holdings Ltd., has appointed Michael C. Ward as Vice President (VP) and Chief Financial Officer (CFO). His appointment follows Oceanview’s recent expansion...
Posted: Oct 02, 2024
As large-scale flooding increasingly contributes to global insured losses, accounting for $14 billion of 2023’s insured nat cat loss total, according to reinsurer Swiss Re, flood risk intelligence firm Fathom has launched Global Flood Cat, a...
Posted: Oct 02, 2024
Stellantis’ 771 million euro ($854 million) London lawsuit against two safety equipment makers began on Tuesday, with the European carmaker arguing long-running cartels led to it being overcharged for roughly a decade. The automaker, which was...
Posted: Oct 02, 2024
Damages from severe flooding across Czech Republic, Austria, Poland, Slovakia, Hungary, Germany, and Italy between September 11th-19th is expected to result in insurance industry losses of between $2.8 billion (€2.5bn) and $3.9 billion (€3.5bn), a...
Posted: Oct 02, 2024
British holiday group Saga said on Wednesday that it is in talks with Belgian insurer Ageas for a potential partnership for its insurance business. Saga, which specializes in holidays and insurance for people over 50, has been struggling with its ...
Posted: Oct 02, 2024
Britain’s Saga said on Wednesday it is in talks with Belgian insurer Ageas on an insurance partnership, sending the holiday group’s shares up more than 14%. Saga, which specializes in packages for people over 50, has faced challenges in i...
Posted: Oct 02, 2024
Trigger Parametric, a new parametric underwriter has been launched with the aim to model, structure, and place parametric cover for natural and man-made perils globally. A UK entity, Trigger Parametric intends to operate as both a managing general...
Posted: Oct 02, 2024
LITTLE ROCK, Ark. (AP) — Arkansas sued YouTube and parent company Alphabet on Monday, saying the video-sharing platform is made deliberately addictive and fueling a mental health crisis among youth in the state. Attorney General Tim Griffin’s o...
Posted: Oct 02, 2024
A Black man alleges in a lawsuit that an Iowa trucking company fired him as a driver because he wouldn’t cut off his dreadlocks, the latest in a series of incidents across the country over an issue activists have dubbed …
Posted: Oct 02, 2024
Ryan Specialty announced that it has completed the acquisition of certain assets of EverSports & Entertainment Insurance, Inc. (EverSports) from the Everest Group, Ltd. group of companies. EverSports is a managing general underwriter focused on s...
Posted: Oct 02, 2024
Ventis, a Managing General Agent specialising in Commercial and Residential insurance, has expanded its operations into Ireland. Established in early 2024, Ventis remains focused on providing quality service and coverage to brokers in the underser...
Posted: Oct 02, 2024
Saudi Reinsurance Company has announced the appointment of Ahmed Al-Jabr as its new Chief Executive Officer, effective October 1, taking over the role from Fahad Al-Hesni. Al-Jabr has 25 years of diverse experience in the insurance and reinsurance...
Posted: Oct 02, 2024
HSB, a multi-line specialty insurer and part of the reinsurance giant Munich Re, has introduced HSB CyberPro™, a new cyber insurance option for commercial clients seeking comprehensive coverage against evolving cybersecurity risks. HSB CyberPro co...
Posted: Oct 02, 2024
A U.S. labor board issued a complaint accusing Apple of violating employees’ rights to organize and advocate for better working conditions by maintaining a series of unlawful workplace rules. The National Labor Relations Board in the complaint...
Posted: Oct 02, 2024
Over the last 20 years, the role of the claims handler has evolved significantly, from a largely back-office function to one centred around partnership and mutual benefit. In today’s market, claims is now at the forefront of client-insurer rela...
Posted: Oct 02, 2024
The litigation-financing industry could see new demand from an increase in health care lawsuits, according to Christopher Bogart, chief executive officer of litigation funder Burford Capital Ltd. “There is such enormous economic pressure in the...
Posted: Oct 02, 2024
Crest Insurance Group acquired Alliance Insurance Agency LLC in Colorado. Crest’s Colorado operations center around its Denver hub and expand to Longmont and Fort Collins. The Alliance deal adds Arvada to the footprint and adds 20 employees to...
Posted: Oct 02, 2024
Maine environmental officials said all water samples analyzed so far in the wake of the state’s largest recorded accidental spill of firefighting foam are below its guidelines for potentially dangerous chemicals. A fire suppression system at a...
Posted: Oct 02, 2024
Maine environmental officials said all water samples analyzed so far in the wake of the state’s largest recorded accidental spill of firefighting foam are below its guidelines for potentially dangerous chemicals. A fire suppression system at a...
Posted: Oct 02, 2024
International law firm Mayer Brown has announced the addition of George Belcher as partner in its Corporate & Securities practice and Global Insurance Industry Group in London. Belcher specialises in insurance-related mergers and acquisitions,...
Posted: Oct 02, 2024
This post is part of a series sponsored by Selectsys. In the highly competitive insurance industry, the policy lifecycle doesn’t end with the initial sale. Instead, the renewal and retention phases are critical touchpoints that can significantl...
Posted: Oct 01, 2024
A Once-Quiet Florida County Is Now a Hurricane Magnet — and Forecasters Are Puzzled Fo...
Posted: Oct 01, 2024
The integration will empower OneShield’s insurer clients to deliver faster decisions, reduce costs, and ultimately provide a superior customer experience.
Posted: Oct 01, 2024
Insurity Document Intelligence, Powered by OIP Robotics, uses advanced AI to extract data from documents with 99 percent accuracy, reducing costs and enhancing efficiency and productivity.
Posted: Oct 01, 2024
The new solution simplifies insurance carriers’ payments, delivering secure transaction capabilities as part of the Duck Creek Platform.
Posted: Oct 01, 2024
October ITL Focus: Resilience & Sustainability Resilience & Sustainability sradomski
Posted: Oct 01, 2024
Insurance Business Magazine - US
Posted: Oct 01, 2024
Can Insurers Take the Lead on Climate Resiliency? Resilience & Sustainability sradomski
Posted: Oct 01, 2024
Sakana AI raised $70 million in a Series A funding round.
Posted: Oct 01, 2024
Rider Insurance, now part of Plymouth Rock, was one of Octane's earliest investors.
Posted: Oct 01, 2024
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Posted: Oct 01, 2024
Instead of taking on the risk of penalties and assuming liability for an accident's costs out of pocket, drivers should look for ways to save money on car insurance and get coverage that will adequately protect them.
Posted: Oct 01, 2024