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Fitch Ratings has assigned Africa Specialty Risks (ASR), a pan-African and Middle East focused re/insurance group a BBB+ long term Insurer Financial Strength (IFS) Rating with a positive outlook to ASR Re. According to Fitch, ASR Re’s ratings refl...
Posted: Sep 23, 2024
Howden, the insurance intermediary group, has launched the Howden Resilience Laboratory, a digital innovation hub designed to transform how clients evaluate and manage climate risks. Developed by Howden and powered by Microsoft’s cloud services–Az...
Posted: Sep 23, 2024
Broking group Aon has selected Jon Pipe as Head of Commercial Risk, Asia with effect from November 2024. Pipe has 18+ years of experience with Aon, and has worked within the London, Hong Kong and Indonesia markets. In April 2019, he relocated to I...
Posted: Sep 23, 2024
The Fidelis Partnership has completed a “landmark” $2 billion refinancing transaction from Blackstone Credit & Insurance, Oak Hill Advisors, Barings, PNC and Barclays. According to the firm, the transaction will support its growth...
Posted: Sep 23, 2024
Lloyd’s global re/insurer MS Amlin has hired Direct Line Group’s Emma Snowdon as Head of Capital Management and Investments, where she will be based in London, reporting to Chief Finance Officer, Jessie Burrows. As Head of Capital Mana...
Posted: Sep 23, 2024
Zurich-based catastrophe insurance data provider PERILS AG and CyberAcuView have announced the expansion of the US Cyber Industry Loss Index with unintentional (‘accidental’) loss events commencing 1 October 2024. Since launching in September 2023...
Posted: Sep 23, 2024
Posted: Sep 23, 2024
Posted: Sep 23, 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has appointed Debbie Goldstine as Chief Growth Officer, Global Partners, based in Chicago, working with clients, markets and colleagues globally. Goldstine joins Lockton Re from...
Posted: Sep 23, 2024
Kiwi insurer Tower has renewed its reinsurance coverage for the 2025 financial year, increasing its catastrophe upper limit to $800 million with a higher attachment point than last year. Tower says that it has secured comprehensive cover at compet...
Posted: Sep 23, 2024
Kiwi insurer Tower has renewed its reinsurance coverage for the 2025 financial year, increasing its catastrophe upper limit to NZ$800 million with a higher attachment point than last year. Tower says that it has secured comprehensive cover at comp...
Posted: Sep 23, 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Rébiah Bardot-Girard and Jarek Klimczak to its Risk Consulting Leadership Team. Bardot-Girard, who has been part of A...
Posted: Sep 23, 2024
Mutual Insurers Chase Rate Adequacy, Financial Strength Rema...
Posted: Sep 23, 2024
Ebix Inc., a provider of on-demand software and e-commerce solutions for industries including insurance, finance, healthcare, and e-learning, has announced that it has successfully completed its Chapter 11 restructuring. The company has emerged wi...
Posted: Sep 23, 2024
Homeowners and renters insurance costs have now surpassed both the rate of inflation and the average rate increases experienced by auto insurance customers, according to the J.D. Power 2024 US Home Insurance Study. Data from the report shows that...
Posted: Sep 23, 2024
The U.S. Securities and Exchange Commission said on Friday it intends to seek sanctions against Elon Musk after he failed to appear for court-ordered testimony for the regulator’s probe into his $44 billion takeover of Twitter. In a filing in &...
Posted: Sep 23, 2024
A senior Google executive sought to refute the US Justice Department’s antitrust case over its display advertising technology business, testifying that it faces “fierce competition” from the likes of Microsoft Corp., Amazon.com Inc....
Posted: Sep 23, 2024
A Johnson & Johnson subsidiary filed for bankruptcy for a third time on Friday as the healthcare giant seeks to advance an approximately $10 billion proposed settlement that would end tens of thousands of lawsuits alleging that the company’...
Posted: Sep 23, 2024
Beat Capital Partners, a London-based incubator of underwriting franchises and subsidiary of Ambac Financial Group, said it has launched a professional liability insurance company, based in Charlotte. ProRise Insurance Services will stand up Oct. 1,...
Posted: Sep 23, 2024
BRANDON, Mississippi (AP) — Soon after Ashanta Laster reached the hospital, she was ushered into the emergency room where she saw doctors performing CPR on her teenage son. Laster had gotten a call that 17-year-old Phillip Laster Jr., a lineman ̷...
Posted: Sep 23, 2024
A Connecticut couple who previously lived in Tampa, Florida, has agreed to settle a subrogation lawsuit brought by Philadelphia Indemnity Insurance Co., which accused the couple of using a nonprofit theater group’s credit card for personal gain...
Posted: Sep 23, 2024
Authorities have identified two people killed when a gas station exploded and started a fire in a remote Idaho town last week. The Clearwater County Sheriff’s Office said Brandon Cook, 53, of Orofino and Wesley Lineberry, 62, of Pierce were ...
Posted: Sep 23, 2024
Vermont’s largest city of Burlington has paid $215,000 to settle a lawsuit accusing a police officer of using excessive force by grabbing a man and slamming him to the ground, knocking him unconscious in September of 2018. According to the R...
Posted: Sep 23, 2024
MSIG Insurance, a provider of general insurance solutions in Asia and part of the MS&AD Insurance Group, has introduced CriticalCare Plus, a new health policy covering five major critical illnesses: cancer, heart attack, stroke, Parkinson’s di...
Posted: Sep 23, 2024
Consumers are hearing a lot about insurance difficulties around the country. The news from California and Florida about how disasters, skyrocketing premiums and carrier withdrawals are making coverages hard to find and afford naturally raises concern...
Posted: Sep 23, 2024
This post is part of a series sponsored by Selectsys. In the fast-paced world of insurance, efficiency and accuracy are paramount. For MGAs, wholesalers, and carriers, managing the complexities of underwriting, quoting, and data extraction can be ove...
Posted: Sep 22, 2024
How independent agents can guide businesses in risk management.
Posted: Sep 22, 2024
As the restaurant market evolves, restaurant owners need to be sure they know what coverage they have and where they could be vulnerable.
Posted: Sep 22, 2024
Agreed value coverage allows OpenRoad and the policyholder to agree upon a predetermined, fixed value for the insured vehicle based on its condition, rarity and true market value.
Posted: Sep 22, 2024
If you want to supercharge your revenue, secure your retirement and prepare your agency for the unexpected, you need to pay attention to the financial and business side of growing an agency.
Posted: Sep 22, 2024
The soft market for bonds has been underpinned by sufficient reinsurer capacity and new surety company entrants into the market. However, there are some indications that the market is hardening.
Posted: Sep 22, 2024
Insurance Information Institute
Media Contact: Triple-I: Loretta Worters [email protected] NEW YORK, Sept. 23, 2024 – Excess and surplus lines (E&S) has seen a surge in growth for five consecutive years by double-digit percentage rates. Solid underwriting results continue to dri...
Posted: Sep 22, 2024
The latest version of the core system for MGAs and wholesalers delivers greater functionality and features a new UI to enhance user experience.
Posted: Sep 22, 2024
proRISE writes on behalf of a consortium led by Beat Syndicate 4242 at Lloyd’s.
Posted: Sep 22, 2024
Urgently has returned 51% ownership to The Floow’s management.
Posted: Sep 22, 2024
These acquisitions are expected to generate over $20 million in annual revenue.
Posted: Sep 20, 2024
Insurance Business Magazine - US
Posted: Sep 20, 2024
U.S. DOL Awards $12.7M in Grants Promoting Workplace Safety, Health Tr...
Posted: Sep 20, 2024
Study: States With Medical Cannabis Laws Show Decrease in Employee Health Insu...
Posted: Sep 20, 2024
Kalsi Insurance Agency specializes in simplifying Medicare for diverse communities.
Posted: Sep 20, 2024
This move aligns with Generali's "Lifetime Partner 24: Driving Growth" strategy, which focuses on prioritizing key markets where the company has a strong presence.
Posted: Sep 20, 2024