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Insurance Business Magazine - US
Posted: Aug 08, 2024
Insurance Business Magazine - US
Posted: Aug 08, 2024
Bermuda-based carrier Lancashire Holdings Ltd. reported strong growth in its property reinsurance portfolio during the first six months of 2024, and recent comments from Chief Underwriting Officer (CUO), Paul Gregory, suggest the firm will continu...
Posted: Aug 08, 2024
Liberty Mutual Holding Co. continued to put 2023’s losses behind it and carefully manage growth in 2024, reporting consolidated net income of $717 million for the second quarter versus a net loss of $585 million for the same period in …
Posted: Aug 08, 2024
Aon's Q2 Global Market Insights report reveals a complex commercial insurance landscape that is growth oriented, but also more disciplined. The post
Posted: Aug 08, 2024
AM Best, the credit rating agency, has upgraded the ratings for Serbian reinsurance company Dunav-Re a.d.o, raising its Financial Strength Rating from B+ (Good) to B++ (Good) and its Long-Term Issuer Credit Rating from “bbb-” (Good) to “bbb” (Good...
Posted: Aug 08, 2024
“One of the biggest challenges we face in this transformation is increasing our expertise in the new technologies that come with the energy transformation ... Learning about the risks and specificities of these new technologies is crucial for both...
Posted: Aug 08, 2024
The fiery North Dakota derailment that burned for days early last month was the latest train crash to involve the flawed tank cars that the National Transportation Safety Board has been trying to get off the tracks for decades. The …
Posted: Aug 08, 2024
US specialty insurance group Assurant has reported a GAAP net income of $188.7 million for the second quarter of 2024, representing a 21% increase compared to the $156.3 million reported in the same period last year. According to the company, this...
Posted: Aug 08, 2024
Insurance Business Magazine - US
Posted: Aug 08, 2024
Insurance Business Magazine - US
Posted: Aug 08, 2024
In-Person U.S. Job Postings on Indeed Are Boasting More Benefits Employers are wooing prospective U.S. workers wi...
Posted: Aug 08, 2024
Four people were killed when a small airplane crashed Tuesday afternoon in Oklahoma City, local authorities said. The plane crashed about 1:30 p.m. at Sundance Airport, a small airport on the outskirts of the city, according to Oklahoma City Fire ...
Posted: Aug 08, 2024
The city of Naperville must pay $22.5 million in damages for the wrongful conviction of a man accused of arson and murder. A federal jury awarded the damages to William Amor’s estate, the Chicago Tribune reported Tuesday. Amor was found …
Posted: Aug 08, 2024
HOUSTON (AP) — A federal judge on Tuesday dismissed most of the claims in a lawsuit filed by a Black high school student who alleged that school officials committed racial and gender discrimination when they punished him for refusing to …
Posted: Aug 08, 2024
Bermuda-based Lancashire Holdings Limited has announced the appointment of Linda Ventresca, former Head of Digital at AXIS Capital, as a Non-Executive Director. An experienced senior leader in the insurance industry, Ventresca brings first-hand kn...
Posted: Aug 08, 2024
Warner Pacific announced it has completed its acquisition of the General Agency of Ashmore Agency, Inc. Terms of the deal were not disclosed. Founded in 1984 by Elizabeth “Beth” Ashmore and her husband Will Ashmore, and headquartered in L...
Posted: Aug 08, 2024
MSI has grown to offer an expanding suite of more than 20 insurance products and solutions across personal, commercial, and professional lines.
Posted: Aug 08, 2024
The Cayman Islands National Insurance Company (CINICO), has announced it is now offering home insurance policy with Parametric Coverage. This parametric solution was created to pay out pre-agreed amounts automatically to cover incidental expenses,...
Posted: Aug 08, 2024
DARAG Group, the Malta-based legacy acquisition company, announced it has agreed to sell its North American and Bermuda business entities to the RiverStone Group, a subsidiary of Fairfax Financial Holdings Ltd. The sale, which is subject to regulator...
Posted: Aug 08, 2024
Tampa-based Heritage Insurance, enjoying improved profits for the second quarter this year, said it plans to resume writing new policies in Florida and Northeastern states, two years after it ceased new business in the areas. “Importantly, we h...
Posted: Aug 08, 2024
Howden Re, the reinsurance and risk advisory arm of Howden, has entered into a partnership with Temblor Inc., the catastrophe modelling company that specialises in seismic hazard and risk assessment, which will see Temblor provide Howden Re with a...
Posted: Aug 08, 2024
Several European insurers recorded bumper first-half profits on Thursday, as customers burnt by a pandemic, war and a pick-up in natural catastrophes in recent years continue to face higher premiums on policies. Higher interest rates have also given...
Posted: Aug 08, 2024
Global reinsurer Munich Re is confident that favourable market conditions will persist at the January 1st, 2025, renewals, as the firm sees continued strong demand from buyers and discipline from sellers, according to CEO, Joachim Wenning. “Lookin...
Posted: Aug 08, 2024
Increased flooding in Britain from overflowing rivers and blocked drains is leading insurers to pull back from offering cover, particularly for commercial properties and residential landlords, industry representatives say. London was among British ci...
Posted: Aug 08, 2024
Significant flooding was expected across southeast North Carolina and eastern South Carolina Thursday and Friday as Tropical Storm Debby made a second landfill just north of Charleston. “Debby will continue to slowly move over the Carolinas, br...
Posted: Aug 08, 2024
Global Indemnity Group (GBLI) has released its results for the first half of 2024, which includes an 83% increase in net income available to shareholders of $21.2 million, compared to $11.6 million from the same period in 2023. GBLI’s operat...
Posted: Aug 08, 2024
Elected officials and union leaders in Baltimore are calling for safer and more humane working conditions for the city’s public works employees after a man collapsed and died from heatstroke last week while collecting trash during hot summer we...
Posted: Aug 08, 2024
Everest Group, Ltd., a provider of reinsurance and insurance solutions, has announced that its insurance division, Everest Insurance, has appointed Brian Zink as Senior Vice President, Head of Everest Specialty Underwriters (ESU) and US Financial...
Posted: Aug 08, 2024
Porch Group, a homeowners insurance and vertical software platform, has reported total revenue of $110.8 million, which increased 12% compared to the same period the prior year, with an improved net loss of $64.3 million in the second quarter of 2...
Posted: Aug 08, 2024
Nexus Underwriting, a specialty Managing General Agent (MGA), has announced the appointment of Seline Low as the new Deputy Head of Accident & Health (A&H) Reinsurance for Asia. Based in Singapore, Low will work alongside Justin Yeo, the H...
Posted: Aug 08, 2024
The Maryland Insurance Administration (MIA) is notifying the insurance industry that the maximum penalties that may be imposed for certain violations of the state’s insurance laws will be going up substantially starting October 1. The legislatu...
Posted: Aug 08, 2024
Liberty Mutual Holding Company Inc. (LMHC) has posted a net income of $717 million for the second quarter of 2024, up substantially from the net loss attributable to LMHC of $585 million in the same period in 2023. At the same time, the organisati...
Posted: Aug 08, 2024
The family of renowned French diver and Titanic expert Paul-Henri Nargeolet is seeking $50 million after he was killed in the implosion of OceanGate’s Titan submersible last year. In a wrongful death lawsuit filed Tuesday in Washington state co...
Posted: Aug 08, 2024