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Hong Kong-domiciled reinsurer, Peak Reinsurance Company Limited’s outlook has been revised to stable from negative by ratings agency AM Best. The revision is driven by the agency’s view of Peak Re’s ultimate parent, Fosun’s stabilised credit condi...
Posted: Aug 29, 2024
A New Hampshire resident infected with the mosquito-borne eastern equine encephalitis virus has died, state health authorities said. The Hampstead resident’s infection was the first in the state in a decade, the New Hampshire Department of Heal...
Posted: Aug 29, 2024
The captain of a superyacht that sank during a storm off Sicily last week, killing seven people, decided not to respond to prosecutors’ questions Tuesday, his lawyer said. James Cutfield, a 51-year-old New Zealand national, is under investigati...
Posted: Aug 29, 2024
Independent specialist insurance and reinsurance broker BMS Group has appointed Spencer Pearce as Mining Practice Leader. Pearce has over 30 years of experience, having previously held senior roles in underwriting and broking positions. He began h...
Posted: Aug 29, 2024
Global property & casualty (P&C) reinsurers posted strong earnings with solid top-line growth in the first half of 2024, which was primarily driven by the favourable pricing environment, notably across property and specialty business, repo...
Posted: Aug 29, 2024
Fermat Capital Management, one of the world’s biggest investors in catastrophe bonds, says anxiety about this year’s hurricane season has already left a meaningful dent on returns. “Returns in May were low and even negative for a lo...
Posted: Aug 29, 2024
COLUMBIA, Mo. (AP) — Federal appellate judges overturned a Missouri law Monday that banned police from enforcing some federal gun laws. The 8th U.S. Circuit Court of Appeals found the Missouri law violated a section of the U.S. Constitution known ...
Posted: Aug 29, 2024
Among the four largest European reinsurers, Munich Re, Swiss Re, and Hannover Re all saw further improvements in earnings in 1H24, driven by better underwriting results across most business lines, according to Fitch Ratings. In contrast, SCOR repo...
Posted: Aug 29, 2024
The Romanian government plans to approve an insurance system for agricultural land as part of a series of measures to help farmers whose crops have been ravaged by drought, Agriculture Minister Florin Barbu said on Wednesday. Romania is among the ...
Posted: Aug 29, 2024
The European Union’s mission in the Red Sea said on Wednesday there was no oil spill in the waters near the Greek-flagged tanker hit by a fiery Houthi militant attack off Yemen’s coast. The mission, called Aspides, added that the …
Posted: Aug 29, 2024
Austin, TX., August 29, 2024 –The Risk & Insurance Education Alliance is pleased to announce a collaboration with ITC Vegas, aimed at offering Continuing Education (CE) approved learning opportunities for insurance professionals at a destin...
Posted: Aug 29, 2024
Australian insurance broking and distribution group Steadfast has revealed net profit after tax for the FY 2024 of $252.2 million, up 21.8% from 2023, while the firm’s underlying EBITA grew 22.7% to $528.5 million. According to Steadfast, th...
Posted: Aug 29, 2024
Yemen’s Houthi militants said they’ll let tugboats tow away an oil tanker that they attacked last week in the Red Sea, a step that might to help avert an environmental disaster. The 900-foot Sounion was hauling 150,000 tons of dense ̷...
Posted: Aug 29, 2024
Millions of people were told to evacuate from their homes as Typhoon Shanshan lashed southwest Japan with strong winds and heavy rain on Thursday, knocking out power, snarling air traffic and forcing major factories to close. At least three people &#...
Posted: Aug 29, 2024
Posted: Aug 29, 2024
Posted: Aug 29, 2024
The Prudential Insurance Company of America, a provider of insurance and financial services, has been selected for an industry-first pension risk transfer (PRT) involving a multi-employer plan. They will now oversee the retirement benefits for the...
Posted: Aug 29, 2024
Coalition, an active insurance provider focused on preventing digital risks before they occur, has appointed Fiona McMartin as Associate Underwriter in its London office. McMartin launched her insurance career in 2022 through RSA’s graduate progra...
Posted: Aug 29, 2024
White Rock Insurance (SAC) Ltd., global insurance and reinsurance broker Aon’s segregated accounts company, has reportedly filed a lawsuit in New York against China Construction Bank as Aon seeks compensation for itself and its clients for d...
Posted: Aug 29, 2024
U.S. P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021 The U.S. property/casua...
Posted: Aug 29, 2024
Sapiens International Corporation has unveiled Version 12.0 of its Sapiens CoreSuite for Property & Casualty (P&C) for the North American insurance market. As Reinsurance News understands, this new release will provide insurers with a mult...
Posted: Aug 29, 2024
Posted: Aug 29, 2024
I recently watched the new movie Twisters starring Daisy Edgar-Jones and Glen Powell, which gives viewers a fantastic and frightening look at the damage tornadoes and severe weather can cause to American communities. Early in the film, storm chaser/s...
Posted: Aug 29, 2024
Converge Insurance CEO Tom Kang said one of his most important pieces of advice for other InsurTechs is a seemingly obvious but often overlooked point, and that is to remember the insurance part of InsurTech. “Maybe this is an obvious …
Posted: Aug 29, 2024
The U.S. Centers for Disease Control and Prevention said on Wednesday that a Listeria outbreak linked to deli meats has resulted in 14 new illnesses and five additional deaths. This brings the total to 57 cases, all of which required …
Posted: Aug 29, 2024
Relation Insurance Services, ranked by Insurance Journal as one of the largest brokerages in the country, has grown a little larger with the acquisition of Carolina Heritage Insurance, the company announced. Carolina Heritage, based in Hilton Head Is...
Posted: Aug 29, 2024
Florida’s state-created Citizens Property Insurance Corp., has a few issues it needs to address, including policies with coverage values above its statutory limit, not sending enough renewals to its Clearinghouse, and failing to beef up its com...
Posted: Aug 29, 2024
California’s Division of Occupational Safety and Health cited nine employers in Sun Valley following efforts to address the growing number of silicosis cases among stone workers in California. The safety violations include more than $168,000 in...
Posted: Aug 29, 2024
A disability rights organization is challenging a suburban New York ban on wearing masks in public except for health and religious reasons, arguing it is unconstitutional and discriminates against people with disabilities. The federal class action la...
Posted: Aug 29, 2024
Crest Insurance Group acquired Winren Inc. in Scottsdale, Arizona. Winren is an insurance agency specializing in group benefits insurance. Winren CEO Blaise Byrne has been in the industry since 1984. Crest is an insurance brokerage firm that provides...
Posted: Aug 29, 2024
Vermont’s insurance regulator has scheduled a public hearing for September 9 to weigh the proposed acquisition of Union Mutual Fire Insurance Co. by the Massachusetts-based mutual insurer Norfolk & Dedham Group. Under the proposal that was...
Posted: Aug 29, 2024
Editor’s Note: A previous version of this article referred to this transaction as an acquisition. As both insurers are mutuals, and as mutuals cannot be legally acquired, the structure of the affiliation is not setup as a true acquisition. Insu...
Posted: Aug 29, 2024
Editor’s Note: A previous version of this article referred to this transaction as an acquisition. As both insurers are mutuals, and as mutuals cannot be legally acquired, the structure of the affiliation is not setup as a true acquisition. Insu...
Posted: Aug 29, 2024
CRC Group, a North American wholesale specialty insurance distributor, has announced the addition of three new team members as part of its strategic expansion to better support retail agency clients nationwide. Rudie Heling has joined the CRC Grou...
Posted: Aug 29, 2024
A 26-year-old man has been accused of igniting a destructive California wildfire in early July by throwing a firework from a car window during hot, dry and windy weather. Spencer Grant Anderson, of Oroville, was charged this week after weeks …
Posted: Aug 29, 2024
A 26-year-old man has been accused of igniting a destructive California wildfire in early July by throwing a firework from a car window during hot, dry and windy weather. Spencer Grant Anderson, of Oroville, was charged this week after weeks …
Posted: Aug 29, 2024
Firefighting foam in a hangar at Brunswick Executive Airport has been been removed, and mitigation is underway on four retention ponds following Maine’s biggest accidental spill of the fire suppressant on record, officials said Monday. The Main...
Posted: Aug 29, 2024
At the age of 22, Amnon Rattray experienced the most terrifying accident of his life. Today, he’s turning his catastrophic workplace injury into a story of inspiration for others. The post
Posted: Aug 28, 2024
Ford Motor Co. told employees it would modify its diversity, equity and inclusion initiatives and end participation in a notable ranking by an LGBTQ advocacy group, joining a series of companies including Lowe’s Cos. and Harley-Davidson Inc. in...
Posted: Aug 28, 2024
Following a brief lull in tropical activity in the wake of Hurricane Ernesto, the conditions are now peak for a series of back-to-back storms over the next few weeks in the Atlantic.
Posted: Aug 28, 2024
Integrating Root’s offering integrated with Goosehead’s proprietary, Quote to Issue platform, reduces the time for agents to sell policies by more than 50 percent.
Posted: Aug 28, 2024
Francesca Faedi will help to drive the development of tailored insurance solutions designed to support the rapid growth and evolving needs of the space economy.
Posted: Aug 28, 2024
The new product was developed in response to in-depth conversations between InsurTech distributor SkyWatch and the Aircraft Owners and Pilots Association (AOPA).
Posted: Aug 28, 2024
The oversaturated insurance conference landscape: which to attend and how to take best advantage of what they have to offer and maximize your experience.
Posted: Aug 28, 2024
The companies have entered into a multi-year strategic global partnership.
Posted: Aug 28, 2024