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Electronic-payment gateway Slim CD has notified customers that its systems were hacked starting more than a year ago, potentially exposing the names, addresses, and credit card information of nearly 1.7 million individuals. The Coral Springs, Florida...
Posted: Sep 11, 2024
Electronic-payment gateway Slim CD has notified customers that its systems were hacked starting more than a year ago, potentially exposing the names, addresses, and credit card information of nearly 1.7 million individuals. The Coral Springs, Florida...
Posted: Sep 11, 2024
Risks in the cyber and fintech markets have evolved rapidly since the inception of Markel's original Fintech policy eight years ago.
Posted: Sep 11, 2024
The partnership has been developed to enable delivery of WTW insurance solutions to SME clients in the UK and US through vertical SaaS platforms.
Posted: Sep 11, 2024
Recent years have seen a higher number of negative ratings actions on businesses operating in US insurance markets, with downgrades of AM Best-rated US firms increasing by 60% in 2023. According to AM Best, this deterioration reflects the conditio...
Posted: Sep 11, 2024
Insurance Business Magazine - US
Posted: Sep 11, 2024
Insurance Business Magazine - US
Posted: Sep 11, 2024
Florida-based FCCI Moving Into Excess and Surplus Market Oct. 1 Sarasota-based FCCI Insurance Group w...
Posted: Sep 11, 2024
HDI Global SE, an industrial insurer, is set to integrate generative artificial intelligence (GenAI) into its services within the International Programmes sector to enhance customer offerings. Following the successful trial of its in-house AI solu...
Posted: Sep 11, 2024
Dozens of women who say they suffered excruciating pain at a Yale University fertility clinic because a nurse stole fentanyl for her own use and replaced it with saline have settled their lawsuits against the Ivy League school. Patients and …
Posted: Sep 11, 2024
HSB, a multi-line specialty insurer and part of reinsurance giant Munich Re, has expanded its cyber insurance coverage with new protections for connected vehicles, cybercrime victims, digital wallets, and other emerging risks. HSB Home Cyber Prote...
Posted: Sep 11, 2024
A small plane crashed in Vermont near an airport in Ferrisburgh, killing the four people on board, police said Monday. The Vermont State Police recovered the bodies from the wreckage of the four-seat, single-engine Piper aircraft that crashed Sunday...
Posted: Sep 11, 2024
Despite experiencing a difficult year in 2023, NewRe’s CEO Thomas Braune expects that the firm’s growth from the past will continue. In addition to expressing confidence in the company’s future, he emphasised the need for greater...
Posted: Sep 11, 2024
There has been a huge jump in law enforcement requests for Maine courts to allow guns to be seized from people deemed a danger to themselves or others since the deadliest mass shooting in state history, the governor said Friday. …
Posted: Sep 11, 2024
Global insurance and reinsurance broking group Aon has been restructuring its risk business, based on what the firm has been seeing from client need, according to Eric Andersen, President of Aon. These comments stem from Andersen’s speech at...
Posted: Sep 11, 2024
Discipline in the re/insurance market will be essential to enter a period of prosperity and a regular cycle with possible rate softening ahead, Neville Ching, CEO of ReFlex commented at Monte Carlo RVS 2024. Ching believes that the current market...
Posted: Sep 11, 2024
Global ratings agency S&P Global has stated that for most rated rated primary insurers, a climate change-induced rise in claims costs is unlikely to lead to negative rating actions over the medium term, even if profitability was to become more...
Posted: Sep 11, 2024
Through the lens of enterprise risk management, Elliott Young finds opportunities to make post-secondary students safer. The post
Posted: Sep 11, 2024
Howden, the insurance intermediary group, has announced the appointment of Jan Tinus Larsen as Chief Executive Officer (CEO) of Howden Norway, effective October 1, 2024. Larsen, who has been Deputy CEO since 2018, will succeed Anders Kvan, ensurin...
Posted: Sep 11, 2024
Palomar Holdings, a specialty property insurer, has announced the key appointment of David Sapia as the Executive Vice President, Head of E&S Casualty, effective September 9th, 2024. Sapia is responsible for spearheading the development of an...
Posted: Sep 11, 2024
Treaty reinsurance written in the London company market grew by almost one-third in 2023, with the sector generating premiums of £10.889 billion (US$14.2 billion), up from £8.248 billion ($10.8 billion) in 2022, according to the International Underwr...
Posted: Sep 11, 2024
Markel Group Inc., an insurance company renowned for its expertise in specialised insurance and risk management, has introduced its new FintechRisk+ insurance policy. This move highlights Markel’s commitment to offering top coverage and service fo...
Posted: Sep 11, 2024
Tokio Marine Kiln (TMK), part of the global insurance group Tokio Marine, has appointed Stephanie Hong as a Marine Underwriter in Asia Pacific (APAC), based in Singapore, effective immediately. In her new role, Hong is responsible for deepening th...
Posted: Sep 11, 2024
Posted: Sep 11, 2024
Posted: Sep 11, 2024
MultiStrat, a specialty reinsurance and capital advisory business, has made two senior promotions within its underwriting team, with Kier James stepping up from Vice President, Underwriting, to the role of Chief Underwriting Officer (CUO), while P...
Posted: Sep 11, 2024
Cities often get more rain and experience extreme rainfall more often compared to surrounding areas, a new study finds, a phenomenon that compounds other risk factors for urban flooding. Of the more than 1,000 cities around the world that the …
Posted: Sep 11, 2024
Typhoon Yagi severely damaged a large number of factories and flooded warehouses in northern Vietnam’s export-oriented industrial hubs, forcing plants to shut, with some expected to take weeks to resume full operations, executives said. The typ...
Posted: Sep 11, 2024
Coalition, the insurance provider focused on actively preventing digital risks, has appointed Philip Cruickshank as Regional Development Underwriter in Manchester. Stephen Wares, Coalition’s International Head of Underwriting, commented: “Philip i...
Posted: Sep 11, 2024
DBS Group Holdings Ltd. is considering forming insurance partnerships in India and Taiwan to expand its services in the region, according to people familiar with the matter. The Singapore-based lender is working with Goldman Sachs Group Inc. as an ad...
Posted: Sep 11, 2024
Finland’s Sampo Oyj succeeded in pushing through an offer for Topdanmark A/S in its second attempt to gain control of the Danish insurer. The Finnish insurance company raised its holding in Topdanmark to about 92.6% of shares, based on a …...
Posted: Sep 11, 2024
QBE North America, a provider of property, casualty, and specialty insurance, has extended its support to Blue Forest, a conservation finance nonprofit focused on restoring forests, protecting watersheds, and preventing catastrophic wildfires. Unt...
Posted: Sep 11, 2024
OneAdvent, an MGA services platform, has appointed Cian O’Toole as the new Head of European Services, a newly created position, which is part of OneAdvent’s efforts to broaden its presence across Europe. Previously, O’Toole served as t...
Posted: Sep 11, 2024
R. Berkley Names Rhodes President of Berkley Mid-Atlantic Insurance Group R. Berkley Corp., headquartered in Greenwich, Connecticut, appointed Antonio Q. L. Rhodes as president of Berkley Mid-Atlantic Insurance Group, a Berkley company. Rhodes has ne...
Posted: Sep 11, 2024
R. Berkley Names Rhodes President of Berkley Mid-Atlantic Insurance Group R. Berkley Corp., headquartered in Greenwich, Connecticut, appointed Antonio Q. L. Rhodes as president of Berkley Mid-Atlantic Insurance Group, a Berkley company. Rhodes has ne...
Posted: Sep 11, 2024
Mosaic, headquartered in Hamilton, Bermuda, has added 13 U.S. environmental risk specialists to its team. Team members include Assistant Vice President Iraj Dehnavi, Senior Vice President Maureen Domenicone, Vice President Patrick Enderlin, Senior Vi...
Posted: Sep 11, 2024
The West of England P&I Club, an insurance provider to the global maritime and offshore industries, has announced the appointment of Bart Mertens as its new Chief Underwriting Officer (CUO), effective early 2025. Bart Mertens, who brings over...
Posted: Sep 11, 2024
Keurig Dr Pepper Inc. agreed to pay a $1.5 million fine to settle U.S. Securities and Exchange Commission charges that the beverage company made inaccurate statements regarding the recyclability of its K-Cup pods, the regulator said on Tuesday. Keuri...
Posted: Sep 11, 2024
Seven public companies agreed to pay a combined $3 million to settle U.S. Securities and Exchange Commission charges they violated whistleblower protections, the regulator said on Monday. TransUnion agreed to pay $312,000 and Acadia Healthcare Compan...
Posted: Sep 11, 2024
Professional liability claims impact a multitude of professions, including those in the legal, medical, financial and insurance industries. Claims for malpractice, breach of contract, breach of fiduciary duty and related issues can result in widespre...
Posted: Sep 11, 2024
AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Oregon Mutual Insurance Co. and Western Protectors Insurance Co., wh...
Posted: Sep 11, 2024
Francine strengthened into a hurricane and is expected to make landfall in Louisiana Wednesday after causing some offshore oil platforms to be shuttered, but it will likely miss major natural gas export plants. On its current track, Francine could gr...
Posted: Sep 11, 2024
Thomas Miller, an international insurance and risk management business is has unveiled Navata, its new standalone MGA business. Evolving from Thomas Miller Specialty Offshore, which was founded in 2016, Navata specialises in underwriting a broad a...
Posted: Sep 11, 2024
The board of SAIF, a not-for-profit workers’ compensation insurer in Oregon, declared a $60 million dividend for their current policyholders. The funds will start being dispersed starting in October, with 51,288 policyholders receiving the divi...
Posted: Sep 11, 2024