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Neptune Flood, a private flood insurance provider in the US, has hit a major milestone with 200,000 policies and $250 million in premiums. This marks a new stage in the company’s efforts to deliver cutting-edge, affordable insurance options...
Posted: Sep 04, 2024
According to Moody’s, most respondents to its annual survey of global property & casualty reinsurance buyers expect prices to remain stable or increase in 2025, suggesting that reinsurers will maintain healthy pricing and tight terms and...
Posted: Sep 04, 2024
Our insurance-linked securities (ILS) focused sister publication, Artemis has partnered with Wilmington Trust to host a live webinar on October 31st, 2024, during which four ILS sector experts will discuss the catastrophe bond and broader ILS mark...
Posted: Sep 04, 2024
Insurance and financial services company Aviva and Nirvana, a media, tech and cyber Managing General Agent (MGA) have announced a new partnership and European cyber insurance binder. Through the multiyear agreement, Nirvana will have the authority...
Posted: Sep 04, 2024
In an unassuming white and blue office building in Freeport, a few miles into Nassau County, sits the headquarters of American Transit Insurance Co. The 52-year-old, family-owned firm is hardly a household name, but it’s vital to how New Yorker...
Posted: Sep 04, 2024
CFC, an insurance provider specialising in emerging risks and cyber coverage, has announced the promotion of Philippa Berry to the newly created role of Head of Portfolio Partnerships. In this role, Berry will manage reinsurance for CFC’s cyber bu...
Posted: Sep 04, 2024
A new vehicle called Sophrosyne Partners LLC has been launched to provide European and North American corporates with finality solutions, designed to benefit all stakeholders in the liability chain. Sophrosyne has been founded by legacy liability...
Posted: Sep 04, 2024
This edition of International People Moves details appointments at Acrisure Re and Dale Underwriting Partners. A summary of these new hires follows here. Acrisure Re Announces Leadership Changes in International Reinsurance Unit Acrisure Re, the re/i...
Posted: Sep 04, 2024
In a new report based on CyberCube’s cyber risk aggregation tool, Portfolio Manager, mid-range projections suggest that the US standalone cyber insurance market could reach $45 billion in premium by 2034, marking a five-fold increase from today. C...
Posted: Sep 04, 2024
Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension schemes, has completed a £1.3 billion buy-in of the Coats UK Pension Scheme, which covers pensions of 18,042 Scheme members. Coats Group plc is a British multinat...
Posted: Sep 04, 2024
The Clear Group, an insurance broker, has announced its acquisition of Accelerate Underwriting, a specialist in the MGA sector, marking The Clear Group’s fourth MGA acquisition, further strengthening its underwriting services for brokers. Founded...
Posted: Sep 04, 2024
Norway’s government will ask an appeals court on Wednesday to lift injunctions against developing three oil and gas fields, part of a wider effort by Oslo to overturn an earlier verdict invalidating their permits on environmental grounds. A low...
Posted: Sep 04, 2024
According to analysts at Fitch Ratings, global reinsurers are likely to maintain stringent terms and conditions to limit their exposure to secondary perils “as weather-related losses become increasingly significant and volatile due to climat...
Posted: Sep 04, 2024
Specialist insurer Beazley has announced the appointment of Christopher (Chris) Merl as Country Manager for the DACH region (Germany, Austria, and Switzerland). In addition to this role, Merl will also serve as Head Partner Engagement, DACH. Based...
Posted: Sep 04, 2024
Introducing the Only Comprehensive Platform for Agency Accounting Operations San Francisco, CA – September 4, 2024 – Ascend, the leading provider of accounting automation software to the insurance industry, is proud to announce the launch...
Posted: Sep 04, 2024
VIG Re, the reinsurance arm of Prague headquartered Vienna Insurance Group, has announced that Tobias Sonndorfer will take over from Johannes Martin Hartmann as Chief Executive Officer (CEO) and Chairman of the Board, effective January 1st, 2025....
Posted: Sep 04, 2024
Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of Capulus, a specialist motor fleet managing general agent (MGA). Financial details of the deal were not disclosed. Based in Wales, Capulus’ team o...
Posted: Sep 04, 2024
The Clear Group, the London-based independent insurance broker, announced the acquisition of the managing general agency, Accelerate Underwriting. Financial terms of the deal, which is its fourth involving an MGA, were not disclosed. Established in 2...
Posted: Sep 04, 2024
The Clear Group, the London-based independent insurance broker, announced the acquisition of the managing general agency, Accelerate Underwriting. Financial terms of the deal, which is its fourth involving an MGA, were not disclosed. Established in 2...
Posted: Sep 04, 2024
Acrisure Re, the re/insurance division of Acrisure, has made leadership changes within its international reinsurance division, appointing David Sowrey as Managing Director and Nigel Dane as Chairman of Acrisure Re’s International Treaty business....
Posted: Sep 04, 2024
Global specialty re/insurer SiriusPoint has announced a new strategic partnership with travel insurtech Gigasure, which offers customisable insurance policies for travellers and backpackers. Policies will be underwritten by SiriusPoint, who become...
Posted: Sep 04, 2024
Brit Ltd has appointed Jonathan Stephenson as Head of Office, Bermuda, subject to approval by the BMA and the Department of Immigration. As Head of Office in Bermuda, Stephenson will drive the planned expansion of Brit Re across property, casualty...
Posted: Sep 04, 2024
Markel, the insurance operations within Markel Group, has appointed Rhys O’Neill as Senior Underwriter, Marine & Energy Liability, International Specialty, with immediate effect. He will be based in London and report to Grant Smith, Director o...
Posted: Sep 04, 2024
Resilience, headquartered in New York, named Rebecca Jones as senior vice president of engineering and Jeremy Gittler as global head of claims. Jones takes over leadership responsibilities for the company’s engineering team and software deliver...
Posted: Sep 04, 2024
As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a hotter, less stable planet is redrawing the risk map for corporations. Captive insurance, where companies create their own coverage...
Posted: Sep 04, 2024
Industrial insurer HDI Global SE, part of the Talanx Group, has announced the appointment of Stephan Geis as the new Managing Director for Germany, effective November 1, 2024. In the role, he will report to Dr Barbara Klimaszewski-Blettner, member...
Posted: Sep 04, 2024
British insurer Aviva said on Saturday its India unit is “actively engaging” with local authorities in connection with alleged tax evasion practices. Reuters reported on Friday that an Indian tax agency has found that Aviva India breached...
Posted: Sep 04, 2024
Poland’s biggest insurer PZU needs a strategy to tackle its ownership of stakes in two banks, which is complicating its valuation, the state assets minister said. Globally, insurers are focusing on core business and are spinning off banking ope...
Posted: Sep 04, 2024
With less than three months to go until the general election, politics seem to be a hot topic for discussion these days! However, today’s political climate is more divisive than ever, and there are many reasons why you may not …
Posted: Sep 04, 2024
Moody’s Corp., S&P Global Inc. and Fitch Ratings Inc. will pay a combined $48 million over allegations that the credit-rating companies failed to keep proper electronic communications — the latest fallout from US regulators’ so-called...
Posted: Sep 04, 2024
Annual workers’ compensation rate cuts in the double digits have become routine in almost every U.S. state in recent years. That trend may have now come to an end in Florida, where the National Council on Compensation Insurance is recommending...
Posted: Sep 04, 2024
Urban expansion, property exposure and climate change could fuel a 40% increase in annual natural-catastrophe losses for the global insurance industry, according to a new report. The annual loss could rise to $151 billion from the average annual loss...
Posted: Sep 04, 2024
Three insurers that paid more than $1 million in auto and property damage claims to a New York couple and their homeowners association are attempting to recover the payments from the giant car maker and local dealership. The claims stemmed …
Posted: Sep 04, 2024
The Liberty Company Insurance Brokers named Pierce Dyer vice president and producer. Dyer is based in Seattle and operates from the Woodland Hills, California office. As the fourth generation of Dyers in the insurance industry, Dyer’s family le...
Posted: Sep 04, 2024
A Northeastern University student and her parents are suing a sorority, its chapter president and a landlord after the student fell from a window and suffered critical injuries at a party. Sarah Cox, then a junior at the university in …
Posted: Sep 04, 2024
Massachusetts-based Schrager Hampson Aviation Insurance Group reports it has acquired Northeast Aviation & Marine Insurance Brokers of Schenectady, New York. Northeast Aviation & Marine handles aviation including international cargo, warehous...
Posted: Sep 04, 2024
The Hawaii Supreme Court will be asked to weigh in on an issue that threatens to thwart a $4 billion settlement in last year’s devastating Maui wildfires. Judge Peter Cahill on Maui agreed to ask the state high court questions …
Posted: Sep 04, 2024
The Hawaii Supreme Court will be asked to weigh in on an issue that threatens to thwart a $4 billion settlement in last year’s devastating Maui wildfires. Judge Peter Cahill on Maui agreed to ask the state high court questions …
Posted: Sep 04, 2024
California lawmakers approved a host of proposals aiming to regulate the artificial intelligence industry, combat deepfakes and protect workers from exploitation by the rapidly evolving technology. The California Legislature, which is controlled by D...
Posted: Sep 04, 2024
California lawmakers approved a host of proposals aiming to regulate the artificial intelligence industry, combat deepfakes and protect workers from exploitation by the rapidly evolving technology. The California Legislature, which is controlled by D...
Posted: Sep 04, 2024
An Indian tax agency has discovered that British insurer Aviva violated local regulations capping commissions to sales agents by using fake invoices and clandestine cash payments between 2017 and 2023. According to a tax notice issued in early Aug...
Posted: Sep 04, 2024
Main Street America Insurance Exits Personal Lines Main Street America Insurance sai...
Posted: Sep 03, 2024
Yurich is charged with aligning key business functions to create a unified approach that maximizes revenue and solidifies iPipeline’s strong market position.
Posted: Sep 03, 2024
The SaaS-based automated underwriting platform and analytics digital service will help the insurer realize instant underwriting decisions, improve cycle times, and enhance customer experience.
Posted: Sep 03, 2024