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Bermuda-based re/insurer SiriusPoint recently posted its seventh consecutive quarter of positive underwriting results in Q2 2024, partly attributable to new managing general agent (MGA) partnerships and the expansion of existing ones, according to...
Posted: Aug 08, 2024
Bermuda-based re/insurer Hamilton Insurance Group has reported an all-time low combined ratio of 84.4% in the second quarter of 2024 compared to 89.5% in Q2 2023, as underwriting income improved from $34.9 million to $65.3 million. The firm’s gros...
Posted: Aug 08, 2024
Digital insurance company Embroker has appointed Andrew (Andy) Lea as Chief Insurance Officer (CIO) and promoted Kristy Malm as Chief Operating Officer (COO). The firm stated these appointments follow a series of significant milestones for Embroke...
Posted: Aug 08, 2024
Zurich has announced that its group business operating profit (BOP) climbed to a record $4 billion in H1 of 2024, marking an increase of 7% compared to the same period of 2023. The firm’s net income attributable to shareholders also increase...
Posted: Aug 08, 2024
British insurer Beazley upgraded its combined ratio forecast for 2024 on Thursday after first-half pretax profit nearly doubled, boosted by growth in its property risks premiums and fewer catastrophe losses, sending its shares up 10%. The insurer, wh...
Posted: Aug 08, 2024
In their results for the second quarter of 2024, Allianz has posted a €3.9 billion operating profit, with all of the company’s segments contributing to this result, whilst the firm’s property & casualty (P&C) segment business p...
Posted: Aug 08, 2024
Taylor Swift shows planned for this week in Vienna have been canceled after Austrian police arrested two people on suspicion of planning a terrorist attack. Concerts for the American pop megastar were canceled after the Austrian government confirmed...
Posted: Aug 08, 2024
Bermuda-based Lancashire Holdings Limited has reported that gross premiums written (GPW) increased by $98.2 million, or 8.3% year-on-year to approximately $1.3 billion for the first half of 2024, split $734 million reinsurance and $547 million ins...
Posted: Aug 08, 2024
This post is part of a series sponsored by PCF Insurance Services. PCF Health & Benefits Practice Leader, Al Marino, teamed up with Hugh O’Toole, CEO of Innovu, to discuss ways to navigate healthcare data for human capital risk enhancement....
Posted: Aug 08, 2024
Legacy acquirer DARAG Group has agreed to sell its North American and Bermuda business entities to the RiverStone Group. According to DARAG, this transaction will simplify its operations, permitting the firm to focus on its core European business....
Posted: Aug 08, 2024
Tokio Marine HCC, a global insurance group based in Houston, Texas, and part of the Tokio Marine Group, one of Japan’s largest and oldest insurance companies, has announced two significant promotions within its UK Trade Credit Division. Fion...
Posted: Aug 08, 2024
Pittsford, NY. August 8, 2024 — Sutherland is excited to introduce CognilinkClaims™, an innovative AI-powered solution that integrates Classic AI and Generative AI capabilities to redefine and streamline the entire claims process. This advanced...
Posted: Aug 08, 2024
Bermuda-domiciled global insurer and reinsurer Everest Group has established a global broker management team which will be led by Anthony Izzo as Chief Global Broking Officer. The new team will be dedicated to the shared priorities of its global d...
Posted: Aug 08, 2024
Posted: Aug 08, 2024
London-headquartered insurer Beazley has announced a significant rise in its H1 2024 profit before tax, reaching $728.9 million, a sharp increase from the $366.4 million recorded in H1 2023, while the company’s undiscounted combined ratio im...
Posted: Aug 08, 2024
Zurich Insurance on Thursday posted a bigger than expected 7% rise in first-half operating profit to a record $4 billion due to a strong performance across the board and said it was on track to exceed its 2025 targets. Insurers …
Posted: Aug 08, 2024
Zurich Insurance posted a record first-half operating profit on Thursday and said it was on track to beat its 2025 targets, but concerns about natural catastrophe losses sent its shares lower. Insurers have benefited from several years of rising prem...
Posted: Aug 08, 2024
Global reinsurer Munich Re has today reported that its reinsurance business contributed €1.3 billion and €3.2 billion to the Group’s net result in Q2 and H1 2024, respectively, and despite a rise in major loss expenditure, the property and c...
Posted: Aug 08, 2024
First-Half Global Insured Nat Cat Losses Top 10-Year Average Global insu...
Posted: Aug 08, 2024
Who’s Raising Homeowners Rates? S&P GMI’s Q2 2024 Analysis According to...
Posted: Aug 08, 2024
A group of Western insurers have provided cover for tankers carrying Russian crude, keeping its oil flowing after many in the trade sector withdrew for fear of breaching the rules of a G7 price cap, data from traders and shippers …
Posted: Aug 08, 2024
RT Specialty, the wholesale distribution division of Ryan Specialty, has promoted Jason Lentz to President of RT Specialty High Net Worth, RT Specialty’s national high net worth personal lines practice. Lentz, who is based in Las Vegas, Nevada, ha...
Posted: Aug 08, 2024
A U.S. judge dismissed on Wednesday much of Mexico’s $10 billion lawsuit seeking to hold U.S. gun manufacturers responsible for facilitating the trafficking of firearms to violent drug cartels across the U.S.-Mexico border. U.S. District Judge...
Posted: Aug 08, 2024
Arden Insurance Services LLC, an MGA focused on insurance for residential condominium associations, has teamed up with Green Shield Risk Solutions, a catastrophe risk mitigation specialist based in Chicago, to tackle the increasing wildfire threat...
Posted: Aug 08, 2024
A survey of nearly 1,000 IT and security professionals shows numerous organizations were targeted by ransomware attacks in the past year with a high degree of success, with most paying a ransom—many of which paid multiple times. Semperis, a cyber ...
Posted: Aug 08, 2024
If a property insurer is going to object to an appraisal panel member’s fee arrangement, it must do so early in the process – not after the panel provides an unfavorable, multimillion-dollar appraisal award. That was the word this week …
Posted: Aug 08, 2024
If a property insurer is going to object to an appraisal panel member’s fee arrangement, it must do so early in the process – not after the panel provides an unfavorable, multimillion-dollar appraisal award. That was the word this week …
Posted: Aug 08, 2024
Recent unannounced inspections of nursing homes across New Mexico found at least one violation in 88% of them, authorities said. State health officials said just 11 of the 91 assisted living facilities received a perfect score, while 55 got a …
Posted: Aug 08, 2024
The pandemic changed where Americans are likely to live and work, with a growing portion of job openings moving away from the biggest cities and into smaller metro areas, according to a Federal Reserve Bank of New York . Job …
Posted: Aug 08, 2024
The Colorado funeral home owners who allegedly stored 190 decaying bodies and sent grieving families fake ashes were ordered by a judge to pay $950 million to the victims’ relatives in a civil case, the attorney announced. The judgment is ̷...
Posted: Aug 08, 2024
XPT Specialty, headquartered in New Haven, Connecticut, appointed Tyler Myers as transportation underwriter. Myers has over 10 years of experience as a broker specializing in underwriting commercial automobile risks. He began his career as an associa...
Posted: Aug 08, 2024
State environmental officials in Maine on July 30 denied petitions from corporate owners of three Bucksport-area dams to forfeit ownership. It was the second time within a week that the state Department of Environmental Protection identified deficien...
Posted: Aug 08, 2024
A flight instructor charged with involuntary manslaughter for a crash that killed a student pilot in eastern Pennsylvania had surrendered his pilot’s certificate after two prior crashes with students aboard, prosecutors said in an indictment un...
Posted: Aug 08, 2024
The Government of Malawi and its Replica partner, the United Nations High Commissioner for Refugees (UNHCR), have received insurance payouts of just over $11.6 million from the African Risk Capacity (ARC) following the 2023/23 El Niño-driven droug...
Posted: Aug 08, 2024
Microsoft and Delta Trade Blame Ove...
Posted: Aug 08, 2024
Delta Air Lines was sued by passengers who complained that the carrier refused to offer full refunds after delaying or canceling their flights in the wake of last month’s massive computer outage. The proposed class action was made public on ...
Posted: Aug 07, 2024
VIPR, a technology solutions provider in the delegated underwriting sector, has recently announced the appointment of Chantal Dawson as Global Head of Customer Success. In her new role, Dawson will enhance VIPR’s account management and custo...
Posted: Aug 07, 2024
This post is part of a series sponsored by TSIB. We continue where we left off in Part 1, looking to answer, is a Wrap-Up right for every project? Now that we have previously identified the 2 main categories of …
Posted: Aug 07, 2024
London-based insurtech platform for specialty insurance, Insurwave, has entered into a strategic partnership with Ambrey, an organisation within martitime security risk management, which will see both firm’s produce an integrated, comprehens...
Posted: Aug 07, 2024
Embedded insurance differs from traditional insurance mainly in where customers encounter it – it’s right there, ready for them at point of sale or point of need.
Posted: Aug 07, 2024
Boar’s Head Hit With Class Action After Deli Meat Listeria Concerns, Recall Boar's Head Provisions wa...
Posted: Aug 07, 2024
With American Mobile Out, Agents Say Florida Mobile Home Insurance Falling Apart Reinsurance in Flo...
Posted: Aug 07, 2024