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Pacific Life Re, the global life and health reinsurer and wholly owned subsidiary of Pacific Life, has bolstered its protection business in Asia Pacific with senior appointments. Tyson Johnston, the current Managing Director of the Australian busi...
Posted: Aug 14, 2024
This post is part of a series sponsored by PCF Insurance Services. Joe Tejeda, a Practice Leader from PCF Construction, provides a look at builders’ risk and construction insurance. The construction industry is a complex ecosystem with various...
Posted: Aug 14, 2024
US primary insurer Allstate has entered into a definitive agreement to sell its Employer Voluntary Benefits business to StanCorp Financial Group, Inc. (The Standard) for $2 billion in cash, adjusted for the closing balance sheet. The transaction i...
Posted: Aug 14, 2024
According to a new AM Best report, a strategic market reset by global reinsurers in 2023 has led to robust technical profits and a shift in industry dynamics. AM Best’s Market Segment Report, Strong Technical Profits Bolster Momentum for Global Re...
Posted: Aug 14, 2024
Posted: Aug 14, 2024
Aviva has revealed that its group operating profit was £875 million in H1 of 2024, up 14% from the £765 million recorded in H1 of 2023. Meanwhile, Aviva’s General Insurance premiums grew 15% in H1 to £6 billion, with UK&I up 18% and Cana...
Posted: Aug 14, 2024
July saw record-breaking heat around the world, including the hottest day ever recorded and multiple national heat records. But whether it was the hottest month in history depends on who you ask. Last week, Copernicus — the EU’s climate science...
Posted: Aug 14, 2024
Global program manager Accredited Insurance Program Management has appointed Stuart McMurdo as President of Accredited UK & Europe, effective October 1st, 2024. McMurdo will be based in London and report to William Spiegel, Chief Executive Off...
Posted: Aug 14, 2024
Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has partnered with insurtech firm Sprout Inc. and the Kenyan insurer Britam to launch a parametric insurance product, which aims to protect Kenyan coffee growers from financi...
Posted: Aug 14, 2024
NEW ORLEANS (AP) — British energy giant Drax Global, already under scrutiny for running afoul of environmental laws in multiple states, has disclosed to the state of Louisiana that its wood pellet production facilities emit hazardous air pollutants a...
Posted: Aug 14, 2024
Xceedance, an insurance-focused consulting, technology and data provider, has become the strategic partner of HDFC ERGO General Insurance, a private-sector general insurance company based in India, to implement Duck Creek’s full suite of SaaS core...
Posted: Aug 14, 2024
Sedgwick, a global provider of technology-enabled risk, benefits and integrated business solutions, has announced the expansion of its global operations to support the sector’s changing needs. As part of the expansion, the firm has appointed...
Posted: Aug 14, 2024
According to an AM Best commentary, the debate over Germany’s compulsory natural catastrophe coverage is hindered by the absence of political agreement between federal states and the central government. AM Best’s report titled, “Politi...
Posted: Aug 14, 2024
Amwins announced the launch of its “Tees-to-Green” flood insurance program powered by Floodbase to reimburse U.S. golf courses for lost revenue due to flooding. Golf courses are often built on land prone to flooding. Yet, resorts and cour...
Posted: Aug 14, 2024
Just as a Southeastern U.S. blood center tries to recover from another cyberattack on a health system, others who have lived through the pain offered some words of wisdom in a webinar Tuesday that could help providers minimize disruption as …
Posted: Aug 14, 2024
Vineyard Wind and GE Vernova on Tuesday said U.S. safety officials have allowed them to resume limited construction on an offshore wind farm off the Massachusetts coast where a turbine blade shattered last month. Vineyard Wind, owned by Avangrid and...
Posted: Aug 14, 2024
Operators of illegal marijuana grow enterprises hidden inside rural homes in Maine don’t have to worry much about prying neighbors. But their staggering electric bills may give rise to a new snitch. An electric utility made an unusual proposal...
Posted: Aug 14, 2024
ALKEME acquired Dunhill Marketing & Insurance Services in San Diego, California. Founded in 1992, Dunhill Insurance Services offers insurance services and specializes in life insurance and annuities with a focus on high-end markets. Ladera Ranch,...
Posted: Aug 14, 2024
Farmers Group is laying off more employees one year after it cut ties with 11% of its workforce or 2,400 people. This time the insurer said it is not disclosing how many people may lose their jobs. However on August …
Posted: Aug 14, 2024
As the aviation industry recovers in 2023 after a challenging period, analysis from Allianz Commercial’s Aviation Risk, Claims and Insurance Outlook suggests that nearly 63% of claims were due to collision or crash incidents. Of the 32,000 industr...
Posted: Aug 14, 2024
Wildfires in Oregon have burned more acres of land in 2024 than in any year since reliable records began, authorities said, with the mid-August peak of fire season still on the horizon. Blazes have scorched more than 1.4 million acres, …
Posted: Aug 14, 2024
Samsung is recalling more than 1.12 million electric ranges used for stovetops after reports of 250 fires and dozens of injuries. According to a last Thursday notice from the U.S. Consumer Product Safety Commission, these slide-in ranges have front-m...
Posted: Aug 14, 2024
The Massachusetts attorney general has reached a $600 million settlement with major tobacco manufacturers, resolving some of the state’s complaints over how much the tobacco companies owe it under a 1998 master settlement with the industry. Whi...
Posted: Aug 14, 2024
The proceeds from this Series A extension round will fuel product and partner expansion.
Posted: Aug 13, 2024
Aptly, ResidentRadius and Get Covered are in.
Posted: Aug 13, 2024
The proceeds from this Series A extension round will fuel product and partner expansion.
Posted: Aug 13, 2024
A single CAT event can result in many financial implications for an agency, including agency valuations.
Posted: Aug 13, 2024
The Standard will become Allstate’s exclusive carrier for sales of group life and disability, guaranteed standard issue individual disability, supplemental and voluntary products distributed by Allstate’s exclusive agents.
Posted: Aug 13, 2024
The partnership offers eligible Bamboo policyholders a 10% discount on insurance premiums for homeowners who install Phyn Plus and a 15% discount on the Phyn product suite.
Posted: Aug 13, 2024
Risk Strategies, headquartered in Boston, appointed Bradford Leung as senior vice president in its private equity practice. Leung brings over two decades of private equity and mergers and acquisitions expertise, ranging from property and casualty to...
Posted: Aug 13, 2024
There is no excerpt because this is a protected post. The post Prote...
Posted: Aug 13, 2024
The companies are launching a new E&O program.
Posted: Aug 13, 2024
Terms of the transaction were not disclosed.
Posted: Aug 13, 2024
CoreLogic: 2.6M U.S. Homes at Moderate to High Wildfire Risk Changing weather patterns and extre...
Posted: Aug 13, 2024
“Learning risk engineering the old-fashioned way, by getting my hands deep into the problem, has been invaluable.” The post 14 Questions for Andrew Tait of Sigm...
Posted: Aug 13, 2024
Insurance Business Magazine - US
Posted: Aug 13, 2024
Insurance Business Magazine - US
Posted: Aug 13, 2024
Benefit amounts range from $25,000–$250,000.
Posted: Aug 13, 2024
MetLife' ability to control cost and grow revenue is evident in results.
Posted: Aug 13, 2024
Ryde will offer complimentary coverage until the end of September 2024 to passengers in the event of an accident.
Posted: Aug 13, 2024