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Maiden Holdings has reported a $10.0 million net loss for the second quarter of 2024, compared to a net loss of $2.9 million from the second quarter of 2023. At the same time, the firm posted an underwriting loss of $9.8 million for Q2’24, c...
Posted: Aug 12, 2024
Ukraine is scrambling to ship as much grain as it can this summer, taking advantage of military gains it has made in the Black Sea area to boost exports even as Russia has attacked its ports. Ukraine is a major …
Posted: Aug 12, 2024
Assicurazioni Generali SpA’s second-quarter profit fell 24% from a year earlier, as claims from storms and flooding in Europe weighed on results. Net income in the three months through June declined to €797 million ($870 million) missing the €8...
Posted: Aug 12, 2024
Global insurer QBE has announced the appointment of Ed Rainsford as Chief Risk Officer for Australia Pacific. Rainsford has been with QBE Insurance for a decade, holding various senior roles. He joins the QBE Australia Pacific business from the QB...
Posted: Aug 12, 2024
In the early morning hours of May 6, 2023, an explosion occurred in a bank in the German town of Bad Homburg, sending shattered glass as far as 30 meters away. Two men had broken into the building and filled …
Posted: Aug 12, 2024
This post is part of a series sponsored by PCF Insurance Services. PCF Transportation Practice Leader, Todd Lykke discusses what MVR monitoring is and how it can make a big difference in the trucking industry. PCF Transportation Practice Leader, Todd...
Posted: Aug 12, 2024
Aon, a global professional services firm, has released its 2024 Intangible versus Tangible Risks Comparison Report, underscoring the need for businesses across Europe, the Middle East, and Africa (EMEA) to reassess their cyber insurance and intell...
Posted: Aug 12, 2024
Global reinsurer Hannover Re’s Supervisory Board has appointed Brona Magee as a member of the Executive Board, effective January 1st, 2025. Magee succeeds Klaus Miller on the Executive Board, who will remain with the firm in an advisory role. Sinc...
Posted: Aug 12, 2024
Specialty and P&C re/insurer Canopius Group has revealed that its net insurance revenue for H1 2024 was $980 million, up 24% from the same period of 2023, while its net combined ratio (discounted) improved to 85.4%. Meanwhile, the firm’s...
Posted: Aug 12, 2024
Posted: Aug 12, 2024
Flight and voice data boxes from a plane that crashed in Brazil have been extracted with “100% success,” a government aviation official said, as investigators probe the cause of an accident that killed everyone on board. A preliminary rep...
Posted: Aug 12, 2024
PwC has announced the appointment of Gareth Henty as the new Head of Pensions and named Mark Jennings as head of the pensions employer covenant and restructuring team. This move comes as PwC’s pensions practice has been through a period of growth...
Posted: Aug 12, 2024
The risks from the growing number of natural disasters offer Australia’s largest pension funds a chance to boost returns. Colonial First State, one of the nation’s biggest pension and wealth managers, is looking to add natural catastrophe...
Posted: Aug 12, 2024
Large reinsurer Hannover Re has reported a 21% rise in Group net income to €1.2 billion for the first half of 2024, with an 8.8% increase in property and casualty (P&C) reinsurance revenue as large loss costs came within budget at €566 million...
Posted: Aug 12, 2024
GuideOne Insurance Company, a provider of property and casualty insurance and risk management solutions, has announced the appointment of Travis Sheets as Senior Vice President (SVP) and General Counsel. GuideOne outlined that in his new role, “Sh...
Posted: Aug 12, 2024
In 2023, Aon observed that only 6 out of 175 US Property and Casualty (P&C) companies were upgraded by AM Best from an “A-” to an “A” rating based on their own merit, which is below the 5-year average of 9 upgrades per year. In the first half...
Posted: Aug 12, 2024
Insurers and reinsurers’ losses from Hurricane Debby are expected to be in the low single-digit billions of dollars, a figure that would be “very manageable” for the industry, according to a report from Gallagher Re. Wind and water-...
Posted: Aug 12, 2024
Fourteen percent of insurance companies plan to reduce employee headcounts in the next year, according to numbers from Aon and The Jacobson Group’s latest insurance labor market study. Jeff Rieder, partner at Aon and head of STG Performance Ben...
Posted: Aug 12, 2024
Many companies offer detailed climate projections tailored to property-level precision. These tools can allow owners and investors to better anticipate risks of flooding, wind, wildfire and other disasters. Insurers have been among the adopters of cl...
Posted: Aug 12, 2024
The number of Florida claims from Hurricane Debby, filed within five days of the storm, already is almost half of the the number of claims filed in Hurricane Idalia in a three-month period. Debby claims by Friday had reached more …
Posted: Aug 12, 2024
A man who says he broke his ankle jumping into the sprinkle pool at the Museum of Ice Cream in New York City has filed a lawsuit alleging that the facility was negligent for not warning visitors that it is …
Posted: Aug 12, 2024
A man who says he broke his ankle jumping into the sprinkle pool at the Museum of Ice Cream in New York City has filed a lawsuit alleging that the facility was negligent for not warning visitors that it is …
Posted: Aug 12, 2024
An Amtrak train carrying nearly 100 passengers crashed into the rear section of a tractor trailer in Connecticut on Friday morning, causing minor injuries to a train engineer and damaging warning equipment at the crossing, authorities said. TV news v...
Posted: Aug 12, 2024
Zesty AI, a provider of climate and property risk analytics solutions powered by artificial intelligence (AI), and Amica Mutual Insurance, a provider of auto, home and life insurance, have expanded their long-standing partnership. According to the...
Posted: Aug 12, 2024
PCF Insurance Services acquired the insurance business of DLD Insurance Brokers in Irvine, California. DLD Insurance Brokers specializes in serving companies in the construction, real estate, manufacturing, medical device and technology sectors. PCF...
Posted: Aug 12, 2024
A federal lawsuit accusing Massachusetts Institute of Technology of tolerating antisemitism after the Oct. 7 attacks in Israel has been dismissed while a similar one against Harvard University can continue. The MIT lawsuit accused the university of a...
Posted: Aug 12, 2024
2024's rate increases continue the trend set in 2023, which saw premiums rise by 24% after insurers experienced record underwriting losses of $33.1 billion in 2022.
Posted: Aug 11, 2024
Almost all American seniors take at least one prescription drug, and one-third take three or more. Brokers can help seniors get the most out of their prescription drug plan.
Posted: Aug 11, 2024
The DP3 surplus lines product can cover a wide range of dwelling types, including primary residences, secondary homes, rental properties and seasonal homes.
Posted: Aug 11, 2024
Challenges such as driver shortages, distracted driving, social inflation as well as changing marijuana legalization continue to be a impact the commercial auto market.
Posted: Aug 11, 2024
Challenges such as driver shortages, distracted driving, social inflation as well as changing marijuana legalization continue to be a impact the commercial auto market.
Posted: Aug 11, 2024
The niche insurance provider will us Sapiens’ reinsurance management solution to improve efficiency, expand capabilities for complex structure management, and mitigate claims leakage
Posted: Aug 11, 2024
The latest Guidewire cloud release brings additional capabilities to various stakeholders, and through expands HazardHub in 19 more countries to rapidly assess property risk.
Posted: Aug 11, 2024
Dyad’s current customers will access EMPLOYERS’ Workers’ Compensation products via ACE-HUB immediately and the product will be available for others as needed.
Posted: Aug 11, 2024
First responders launched high-water and helicopter rescues of people trapped in cars and homes in rural New York and Pennsylvania as heavy rain from the remnants of Debby slammed the Northeast with intense floods. The worst of the flash flooding ...
Posted: Aug 11, 2024
First responders launched high-water and helicopter rescues of people trapped in cars and homes in rural New York and Pennsylvania as heavy rain from the remnants of Debby slammed the Northeast with intense floods. The worst of the flash flooding ...
Posted: Aug 11, 2024
5 Ways to Navigate Higher Property Valuations Commercial Lines ClareCarroll1
Posted: Aug 10, 2024
Aviation Risk, Claims and Insurance Outlook Commercial Lines ClareCarroll1
Posted: Aug 10, 2024
Value of Human Touch in Customer Relations Customer Experience ClareCarroll1
Posted: Aug 10, 2024
5 Tech Trends Driving Innovation In 2024 Going Digital ClareCarroll1
Posted: Aug 10, 2024
AI and Empathetic Workers' Comp Adjusters Commercial Lines ClareCarroll1
Posted: Aug 10, 2024
In sports, the effort to get the injured worker back in the game as fast as possible is secondary to the cost of doing so. So why is workers’ comp still making cost control the primary driver? The post
Posted: Aug 09, 2024
California Insurance Commissioner Ricardo Lara on Friday released a statement on his latest administrative action designed to address the state’s homeowners insurance crisis. Lara today issued a bulletin implementing rate review reforms he says...
Posted: Aug 09, 2024
Levitate's Series D funding round was led by Harbert Growth Partners, Northwestern Mutual Future Ventures and Bull City Venture Partners.
Posted: Aug 09, 2024