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Reinsurance Group of America (RGA), a provider of life and health reinsurance, has announced it has finalised a deal with American National Insurance Company, a provider of insurance and financial services, and its affiliates to reinsure a varied...
Posted: Aug 27, 2024
HSB's Riggs shares insights into the company's approach to technology-enabled risk prevention and protection. The post
Posted: Aug 27, 2024
Environmental campaigners have taken the European Commission to court over its emissions rules for 2030, seeking a ruling from Europe’s second-highest court that would force the bloc to strengthen its climate policy, they said on Tuesday. In a...
Posted: Aug 27, 2024
Environmental campaigners have taken the European Commission to court, seeking to force Brussels to upgrade its emissions rules for 2030 and, in a second case, scrap rules that label some planes as climate-friendly investments. In a case before the C...
Posted: Aug 27, 2024
Lowe’s Cos. is scaling back its diversity, equity and inclusion programs, the latest American company to end such initiatives following a series of activists attacks on firms that promote DEI. The home-improvement retailer will no longer partic...
Posted: Aug 27, 2024
SageSure has collaborated with Markel, the insurance division of Markel Group, to introduce new capacity to its Expanded Markets program. SageSure Expanded Markets will initially distribute Markel’s insurance products in Louisiana, South Carolina,...
Posted: Aug 27, 2024
Clear Group, the London-based independent insurance broker, announced it has acquired the share capital of UK-based R T Waters Ltd. Financial details of the deal were not disclosed. This latest deal adds to Clear’s presence in South East Englan...
Posted: Aug 27, 2024
Hone passed south of Hawaii and weakened from a hurricane to a tropical storm on Sunday, dumping so much rain that the National Weather Service called off its red flag warnings that strong winds could lead to wildfires on the …
Posted: Aug 27, 2024
Hone passed south of Hawaii and weakened from a hurricane to a tropical storm on Sunday, dumping so much rain that the National Weather Service called off its red flag warnings that strong winds could lead to wildfires on the …
Posted: Aug 27, 2024
Corebridge Financial, Inc., a provider of retirement, life, and asset management solutions, announced the immediate appointment of Edward Bousa as an independent director to its Board of Directors. Bousa is a distinguished portfolio manager with m...
Posted: Aug 27, 2024
Apparel manufacturer Fanatics has refiled its lawsuit against Arizona Cardinals rookie receiver Marvin Harrison Jr., adding his father, former NFL star Marvin Harrison Sr., and fraud allegations in addition to breach of contract. The lawsuit was orig...
Posted: Aug 27, 2024
Apparel manufacturer Fanatics has refiled its lawsuit against Arizona Cardinals rookie receiver Marvin Harrison Jr., adding his father, former NFL star Marvin Harrison Sr., and fraud allegations in addition to breach of contract. The lawsuit was orig...
Posted: Aug 27, 2024
The first thing to do is pause and step back; you may need some serious self-reflection Telling yourself you’ve done everything right and that you are where you are at because others have failed you is easy. It’s also wrong. By Michael Wayne Well ov...
Posted: Aug 27, 2024
Canadian property and casualty insurer Definity Financial Corporation has estimated a negative impact on operating income of approximately $150 million, net of reinsurance recoveries, arising from catastrophe losses in July and August 2024. The es...
Posted: Aug 27, 2024
Telegram CEO Held Over Alleged Failure to Stop Crime on App Pavel...
Posted: Aug 27, 2024
Thunderstorm alerts are in place for a swath of Europe from the south of France to the Balkans. There are orange warnings for Lombardy, Piedmont, Tuscany and Umbria in Italy, as the summer heat gives way to violent storms. Serbia …
Posted: Aug 27, 2024
Connecticut Gov. Ned Lamont announced that the state is launching a $5 million micro-grant program to assist small businesses in the western portion of the state rebuild and recover from the record rainfall and flooding the state received last week....
Posted: Aug 27, 2024
Global property and casualty (P&C) insurer Chubb has appointed Amelie Fava-Verde to the newly created role of Senior Vice President of North America Chubb Resilience Services. In her new role, Fava-Verde’s remit includes building and leading a...
Posted: Aug 27, 2024
South Korea’s government and ruling party have agreed to move up an electric vehicle battery certification program, the party said on Sunday, as authorities seek to alleviate public safety concerns after a series of fires involving EVs. The gov...
Posted: Aug 27, 2024
Karen Read, whose recent high-profile trial for the death of a Boston police officer she was dating ended in a mistrial, is now facing a wrongful death suit brought by the late officer’s family that alleges she created a “false …
Posted: Aug 27, 2024
Karen Read, whose recent high-profile trial for the death of a Boston police officer she was dating ended in a mistrial, is now facing a wrongful death suit brought by the late officer’s family that alleges she created a “false …
Posted: Aug 27, 2024
Swiss Re, a global reinsurer, has introduced an upgrade to its Life Guide underwriting manual, specifically enhancing the coronary artery disease (CAD) calculator. This advanced tool is now available to more than 25,000 Life Guide users across 800...
Posted: Aug 27, 2024
Reinsurers operating in Latin America are continuing to benefit from the region’s GDP growth, however, according to ratings agency AM Best, the impact of 2023’s Hurricane Otis “highlights the need for additional capacity.”...
Posted: Aug 27, 2024
Berkshire Hathaway Specialty Insurance Company (BHSI), the insurance arm of Warren Buffett’s global re/insurance company has named Kiran Prakash as the Head of First Party Lines, overseeing energy, construction, and general property in Asia, and p...
Posted: Aug 27, 2024
Aviation officials from Asia are making a case for global action to reduce injuries from turbulence, with recent high-profile incidents driving calls to improve forecasting across borders at a Montreal gathering of regulators starting Monday. While t...
Posted: Aug 27, 2024
WTW, a global advisory, broking, and solutions firm, has announced the appointment of Jenna Ziomek as the new Property and Casualty (P&C) Leader for Private Equity and Transactional Solutions, Corporate Risk and Broking, North America. In her...
Posted: Aug 27, 2024
Antares Syndicate 1274, the re/insurance subsidiary in the Lloyd’s market of QIC’s Antares Global, has disclosed a positive H1 2024 result, with a UK GAAP profit of $41 million. During the first half of 2024, the syndicate recorded a net combined...
Posted: Aug 27, 2024
Pavel Durov, the chief executive officer of Telegram, has been detained in France over claims that the messaging service failed to properly fight crime on the app, including the spread of child sexual abuse material. The 39-year-old Russian-born bill...
Posted: Aug 27, 2024
Argentum Re, a Miami-based reinsurance broker, has announced its designation as a Lloyd’s broker, becoming the second in Miami-Florida and the sixth in the US to earn this status. Founded in 2018 by Raul Perez and Alejandro Rebolledo, Argentum Re...
Posted: Aug 27, 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has appointed Andrew Ferrier as Senior Broker, commencing the build-out of its West Coast Property and Casualty business, based in San Francisco. Ferrier is an industry veteran w...
Posted: Aug 27, 2024
During the first three months of 2024, the US life/annuity market’s total revenue increased 16% to $303.2 billion, compared to $261.4 billion from the previous year, according to credit ratings agency AM Best. This notable increase was drive...
Posted: Aug 27, 2024
This post is part of a series sponsored by AgentSync. If insurance producers are the lifeblood of your business, you need to compete on producer experience, and win. One could argue the entire insurance industry is a web of interdependent …
Posted: Aug 27, 2024
Posted: Aug 27, 2024
Posted: Aug 27, 2024
Hong Kong-domiciled global reinsurer Peak Reinsurance Company Limited has appointed Peter Hämmerli as Head of Business Operations, effective August 26th, 2024. Hämmerli will report directly to Franz-Josef Hahn, Chief Executive Officer of Peak Re,...
Posted: Aug 27, 2024
Uber Technologies Inc. was hit by a record €290 million ($324 million) fine by the Dutch privacy watchdog for failing to abide by European protection standards when it shipped swathes of sensitive data about its drivers to the US. The …
Posted: Aug 27, 2024
Insurance Council of Australia’s “Insurance Catastrophe Resilience Report 2023-24”, disclosed that insurers incurred AUD 2.19 billion in claims from declared extreme weather events this year, in line with the previous 12 months. In monetary terms,...
Posted: Aug 27, 2024
Results Too Good? Swiss Re Boosts Reserves ~$1B...
Posted: Aug 27, 2024
AM Best has assigned Ethiopian Reinsurance S.C. (Ethio Re) a Financial Strength Rating of B (Fair) and a Long-Term Issuer Credit Rating of “bb” (Fair) with a stable outlook. Ethio Re is a small reinsurer by global standards, established in 2016. I...
Posted: Aug 27, 2024
Federal Trade Commission Chair Lina Khan’s initiative to use antitrust laws to protect workers faces a key test starting Monday when the agency will argue the merger between grocery chain Kroger and its rival Albertsons would crush unionized wo...
Posted: Aug 27, 2024
To figure out what really works when nations try to fight climate change, researchers looked at 1,500 ways countries have tried to curb heat-trapping gases. Their answer: Not many have done the job. And success often means someone has to …
Posted: Aug 27, 2024
Global specialty insurer Chaucer hired Alex Baker as class underwriter within its political violence and crisis management team. Baker will lead the delivery of their growth strategy and portfolio management in the US market. Baker previously worked...
Posted: Aug 27, 2024
RALEIGH, N.C. (AP) — A North Carolina racetrack, shuttered briefly for defying state gathering limits during the pandemic, can sue the top health regulator on allegations that Gov. Roy Cooper’s administration violated the constitutional rights...
Posted: Aug 27, 2024
California’s wildfires are weighing on home prices more than in the past, and insurance availability does little to help in areas considered to be at higher risk, according to a Federal Reserve Bank of San Francisco study. “Our results su...
Posted: Aug 27, 2024
EverPeak Insurance has partnered with Carpe Data to integrate the Minerva platform, aiming to streamline and accelerate its underwriting process as it expands nationwide. As a Managing General Agency, EverPeak Insurance connects businesses with in...
Posted: Aug 27, 2024
Anna Netrebko’s lawsuit against the Metropolitan Opera was narrowed to gender discrimination claims by a federal judge, who agreed to dismiss the star soprano’s allegations of defamation, breach of contract and discrimination because of n...
Posted: Aug 27, 2024