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SEADRIF Insurance Company has made a record total payout of US$3 million to support the provinces in Lao PDR impacted by the passage of Typhoon Yagi, which has been called Asia’s most powerful storm this year. The extended flood impact triggered a...
Posted: Oct 01, 2024
American Overseas Group, a Bermuda-based property & casualty (P&C) holding company, reported a significant rise in net earned P&C premiums for Q2 2024, increasing by $6.2 million from $6.5 million last year to $12.7 million. Gross writ...
Posted: Oct 01, 2024
Independent specialist insurance and reinsurance broker Miller has completed its acquisition of Madrid-based commercial re/insurance broker Bruzon Correduría de Seguros y Reaseguros S.A. and Bruzon Services S.A. (Bruzon). This acquisition follows...
Posted: Oct 01, 2024
Global data analytics and technology provider, Verisk’s Extreme Event Solutions arm has estimated that insured losses from September flooding in Czechia, Poland, and Austria will land between $2.2 billion (€2bn) and $3.4 billion (€3bn). From...
Posted: Oct 01, 2024
Specialty insurer Beazley has appointed Paul Bantick as Chief Underwriting Officer (CUO), effective immediately, and Bethany Greenwood as Chief Executive Officer (CEO) of Beazley Furlonge Limited, the company’s Lloyd’s managing agency, subject to...
Posted: Oct 01, 2024
This post is part of a series sponsored by AgentSync. Adjuster licensing is famously terrible. Ask anyone who has ever been an adjuster. Or handled adjuster compliance. Or even regulated adjusters for their state department of insurance. There are a...
Posted: Oct 01, 2024
Acrisure Re, the reinsurance and insurance division of global fintech Acrisure, has appointed Peter Sharpe as the Head of the London-based Specialty Reinsurance team, effective October 7th. Sharpe has a reporting line to David Sowrey, Managing Dir...
Posted: Oct 01, 2024
Miller, the London-based specialist re/insurance broker, announce it has completed the acquisition of Madrid-based commercial insurance broker Bruzon Correduría de Seguros y Reaseguros. The transaction, which first was announced in May, closed on Sep...
Posted: Oct 01, 2024
Cyber risk solutions firm Resilience has expanded its insurance operations to France and Benelux, appointing renowned cyber insurance veteran Marijke van Berkom as Head of France & Benelux to lead its efforts to support clients and brokers acr...
Posted: Oct 01, 2024
This edition of International People Moves details appointments at Liberty Specialty Markets, the MGA Pen Underwriting, and Lloyd’s syndicate, AEGIS London. A summary of these new hires follows here. Liberty Specialty Markets Promotes Nelson to...
Posted: Oct 01, 2024
Large European reinsurer Hannover Re has appointed Blake Dimitrijevic, formerly of reinsurance broker Guy Carpenter, as the new Managing Director (MD) of its Australian branch. Dimitrijevic joins the firm after a little over a year with Guy Carpen...
Posted: Oct 01, 2024
Europe’s winter is forecast to be colder than last year — Germany’s third-mildest on record — as a weakened La Niña finally arrives, but it will still be warmer than longer-term averages. France, the UK and Scandinavia will be the …
Posted: Oct 01, 2024
PIB Group, the specialist insurance intermediary has acquired Nottingham-based RS Insurance Brokers, adding RS’s expertise in Fleet and Professional Indemnity in particular to its portfolio of specialisms. From what Reinsurance News understands, e...
Posted: Oct 01, 2024
Verve Risk Services, the London-based managing general agent, announced the launch of a captive insurance product and its “Verve Aura” broker portal, designed to meet evolving customer needs. Formed in 2016 and supported by OneAdvent, the...
Posted: Oct 01, 2024
Posted: Oct 01, 2024
Posted: Oct 01, 2024
In anticipation of the Chancellor’s forthcoming Budget, three quarters of financial services leaders foresee a moderate or greater impact on their operations, over a quarter expect the impact will be significant, but business outlook remains...
Posted: Oct 01, 2024
Posted: Oct 01, 2024
MANTEO, N.C. (AP) — Federal authorities were investigating this week after multiple people died when a single-engine plane crashed Saturday afternoon in a wooded area at Wright Brothers National Memorial’s First Flight Airport, the National Par...
Posted: Oct 01, 2024
Just as Florida property insurers face another round of storm claims, CBS News has raised questions about alleged insurer fraud stemming from claims incurred in the last major storm – Hurricane Ian, which hit much of southwest Florida two years ̷...
Posted: Oct 01, 2024
A jury has ruled in favor of three women who alleged they were sexually abused while patients at a Virginia children’s hospital, awarding them a total of $300 million in damages. The jury in Richmond Circuit Court on Friday awarded …
Posted: Oct 01, 2024
General Motors Co.’s robotaxi company will undergo tougher oversight and pay a fine to settle claims by US auto safety regulators that it failed to properly disclose information about a crash involving one of its cars that struck and dragged &#...
Posted: Oct 01, 2024
A federal judge dismissed a U.S. Department of Justice lawsuit accusing eBay of violating environmental laws by allowing the sale of hundreds of thousands of harmful products on its platform, including pesticides and devices to evade motor vehicle po...
Posted: Oct 01, 2024
A new survey from global property and casualty insurer Chubb has highlighted the rising impact of cyber fraud on consumer trust and behavior. The survey, which was conducted across the US, Mexico, Brazil, Indonesia, Singapore, the Philippines, Tha...
Posted: Oct 01, 2024
Boar’s Head, the deli meat company at the center of a deadly listeria food poisoning outbreak, is being scrutinized by law enforcement officials, the U.S. Agriculture Department disclosed in response to government records requests. Officials wi...
Posted: Oct 01, 2024
T-Mobile has reached a $31.5 million settlement to resolve a probe by the Federal Communications Commission into significant data breaches over three years that impacted tens of millions of U.S. consumers, the agency said on Monday. T-Mobile will pay...
Posted: Oct 01, 2024
Connecticut workers’ compensation insurers are recommending an overall 6.1% reduction in loss costs in the voluntary market and a 6.2% overall reduction in the assigned risk market for next year. If the recommendation is approved, it would mark...
Posted: Oct 01, 2024
AccuWeather Raises Helene Total Damage Estimates by...
Posted: Oct 01, 2024
Hawaii’s Supreme Court will consider questions about issues that threaten to thwart a $4 billion settlement in last year’s devastating Maui wildfires. A Maui judge last month agreed to ask the state high court questions about how insuranc...
Posted: Oct 01, 2024
The Pioneer tanker, sanctioned by the United States over its links to Russia-sourced liquefied natural gas (LNG), has passed through the Suez Canal with an LNG cargo, LSEG data showed on Monday. The source of the LNG and Palau-flagged Pioneer’s...
Posted: Sep 30, 2024
Southern Water’s credit risk has soared to a record high in recent days as hedge funds scramble to protect themselves against the possibility of default at the UK water company. The curve on the utility firm’s credit default swaps is R...
Posted: Sep 30, 2024
Property’s biggest risk factors can directly impact the price of equipment repairs. Risk management and loss prevention start when insureds make the connection with valuations and work with the right partner to mitigate their potential impact.
Posted: Sep 30, 2024
Taiwan mobilized nearly 40,000 troops on Tuesday to bolster rescue efforts as the powerful Typhoon Krathon approaching its populous southwest coast is expected to bring a storm surge and the coast guard raced to locate 19 sailors who abandoned ship....
Posted: Sep 30, 2024
Taiwan mobilized nearly 40,000 troops on Tuesday to be on standby for rescue efforts as powerful Typhoon Krathon approached its populous southwest coast which is bracing for a storm surge. As the typhoon approached, helicopters lifted to safety 19 sa...
Posted: Sep 30, 2024
Verbeek brings over two decades of SaaS experience in customer success at prominent companies such as including 15Five, Box, Autodesk, and Adobe.
Posted: Sep 30, 2024
The companies say they are building on their successful at Beneva to enable group insurers across North America to compete against each other and new digital entrants.
Posted: Sep 30, 2024
Client communications was a significant focus in September, from texting and finding high-quality referrals to communicating coverage gaps. Meanwhile, mergers & acquisitions continue to take the headlines.
Posted: Sep 30, 2024
With more than 25 years of insurance marketing expertise, Shannon Chatman helps agencies attract new business and retain valuable existing customers.
Posted: Sep 30, 2024
As the channel moves past the coronavirus pandemic and into the hard market, the AUS examined how agencies are coping with growth, revenue, digitalization and carrier relationships.
Posted: Sep 30, 2024
Posted: Sep 30, 2024
As the channel moves past the coronavirus pandemic and into the hard market, the AUS examined how agencies are coping with growth, revenue, digitalization and carrier relationships.
Posted: Sep 30, 2024
Helene May Signal a Whole New Level of Threat PaulCarroll
Posted: Sep 30, 2024
Education, prevention can make all the difference when it comes to women’s heart health You are uniquely positioned to help raise awareness among women to seek out cardiac care and talk to their doctors about how to start working now to prevent or le...
Posted: Sep 30, 2024
How to be a better coach using the Skill Will Matrix As a leader, you need to assess two things: team members’ skill level for the task and their will to tackle it. By Carolyn Smith, APR, TRA As we head into Q4, the insurance industry is rocked by cl...
Posted: Sep 30, 2024