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McMullan’s focus will be driving the profitable growth of Hagerty’s Digital Marketplace business.
Posted: Aug 05, 2024
Navigators & General is a brand of Zurich UK.
Posted: Aug 05, 2024
Insurance Business Magazine - US
Posted: Aug 05, 2024
Insurance Business Magazine - US
Posted: Aug 05, 2024
Authorities have released the name of a Florida sheriff’s deputy killed in what officials called an ambush shooting that wounded two other deputies as they tried to reach him after all responded to a disturbance in a home. Master Deputy …
Posted: Aug 05, 2024
Industry veteran Chris Brown has been appointed CEO of Lockton International, where he will oversee Europe, Latin America, Asia, Pacific (Australia & New Zealand), and Middle East and North Africa (MENA). Boasting over a decade of leadership e...
Posted: Aug 05, 2024
A liquefied natural gas tanker that’s docked at a sanctioned Russian gas facility has no known insurer, is managed by a little-known Indian company and is pretending to be somewhere else. Samir Madani, co-founder of TankerTrackers.com, identifi...
Posted: Aug 05, 2024
Hurricane Debby slammed into Florida southeast of Tallahassee as a Category 1 storm after intensifying over warm waters, the latest evidence that this will be a robust season for tropical cyclones. The storm’s top winds reached 80 miles (130 ki...
Posted: Aug 05, 2024
A $4.037 billion settlement has been reached resolving claims arising from the Maui, Hawaii wildfires in August 2023, according to the state’s Governor Josh Green. As Reinsurance News understands, the settlement addresses around 450 lawsuits...
Posted: Aug 05, 2024
Hurricane Could Blow Through Florida Cat Fund’s Reserves. But That...
Posted: Aug 05, 2024
$4B Settlement Reached for Maui Wildfires The parties in lawsuits seeking damages for last year's Maui...
Posted: Aug 05, 2024
Report: 1Q 2024 California Workers Comp Written Premium 3% Lower Than Year Ago Written premiums for the first...
Posted: Aug 05, 2024
CrowdStrike on Sunday rejected a claim by Delta Air Lines that it should be blamed for flight disruptions following a July 19 global outage sparked by a faulty update, and suggested it had minimal potential liability. Delta CEO Ed Bastian …
Posted: Aug 05, 2024
Pennsylvania officials contend that a $310 million federal government settlement reached with Norfolk Southern Railway Co. over the 2023 train derailment in East Palestine, Ohio does not adequately meet the needs of Pennsylvanians affected by the tra...
Posted: Aug 05, 2024
Pennsylvania officials contend that a $310 million federal government settlement reached with Norfolk Southern Railway Co. over the 2023 train derailment in East Palestine, Ohio does not adequately meet the needs of Pennsylvanians affected by the tra...
Posted: Aug 05, 2024
AXA Hong Kong and Macau has announced the launch of the market-first “Heatwave Parametric Insurance”, a new offer created to provide enhanced protection for outdoor practitioners amid escalating climate risks in the summer in Hong Kong...
Posted: Aug 05, 2024
This edition of International People Moves details appointments at QBE Europe, Trium Syndicate, and Markel in Singapore and Hong Kong. A summary of these new hires follows here. QBE Promotes Desch as German General Manager QBE has named Fabian Desch...
Posted: Aug 05, 2024
Executive Vice President and Chief Financial Officer (CFO) of The Hanover Insurance Group, Jeffrey Farber, has revealed that pricing was “significantly better” than expected at the firm’s July reinsurance renewal. During The Hano...
Posted: Aug 05, 2024
Fabian Desch has been appointed as the next general manager for QBE’s Germany unit, pending regulatory approval. Desch, who will start his new role once all regulatory approvals are in place, will report to Beatriz Valenti, director of Insur...
Posted: Aug 05, 2024
A New Jersey Transit driver who suffered career-ending injuries from overheating after he was ordered to operate a train even though his cab’s temperature was 114 degrees can keep his $11.6 million jury award. Over objections by New Jersey Tran...
Posted: Aug 05, 2024
French reinsurer SCOR is considering to buy more retrocession reinsurance to protect solvency, but dividends remain at risk, as interest rates and an active hurricane season add pressure to its balance sheet, according to Berenberg analysts. SCOR’...
Posted: Aug 05, 2024
Arch Insurance International, part of Bermuda-based re/insurer Arch Capital Group Ltd., has promoted Marie Penberthy to Chief Financial Officer (CFO), subject to regulatory approval. Penberthy will be based in London, reporting to Hugh Sturgess, P...
Posted: Aug 05, 2024
Price Forbes has bolstered its leadership team with the appointment of Julian Coates as Chief Broking Officer of the firm’s Singapore unit. Based in Singapore, Coates will hold responsibility for developing Price Forbes’ broking strate...
Posted: Aug 05, 2024
US primary insurer Allstate opted to shrink the size of its 2024-2025 Florida excess catastrophe reinsurance program at the mid-year reinsurance renewals, and also added $90 million of limit to the top of its Nationwide coverage. This is now the s...
Posted: Aug 05, 2024
A collision between two tankers off Singapore in July raises questions over insurance claims, as one of the vessels previously shipped Iranian oil, potentially complicating payments due to Western sanctions, ship-trackers and industry sources say. Wh...
Posted: Aug 05, 2024
With tropical storm Debby recently intensifying into a category 1 hurricane, the National Hurricane Center (NHC) has warned of further strengthening, as an imminent landfall is anticipated in the Big Bend area of the Florida Panhandle. According t...
Posted: Aug 05, 2024
This post is part of a series sponsored by Dyad. Wholesalers are a bridge between retail agents/brokers and the markets that provide the specialized coverages that retailers need for their most challenging risks. Their success hinges on two crucial f...
Posted: Aug 05, 2024
Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it braces for penalties over its work for troubled property developer Evergrande, said two sources. The regulators...
Posted: Aug 05, 2024
AXA has entered into an agreement to acquire Gruppo Nobis for an upfront payment of €423 million, with a potential additional earn-out of up to €55 million. Nobis is a predominantly Retail property and casualty (P&C) insurance company in Italy...
Posted: Aug 05, 2024
Independent specialist re/insurance broker Miller has appointed Edward Cheak as Head of Credit and Political Risk Insurance (Asia). According to the firm, Cheak’s appointment comes as it continues the expansion of its presence and offerings...
Posted: Aug 05, 2024
Posted: Aug 05, 2024
Global reinsurer Swiss Re has appointed Alan Wilson as a member of the Board of Directors for its Asian business, Swiss Re Asia Pte. Ltd. (SRAL). Wilson is an industry veteran with 45 years of experience, and stepped into his new role on August 1s...
Posted: Aug 05, 2024
Marsh McLennan Agency, a subsidiary of Marsh, has completed the acquisition of The Horton Group, Inc., a full-service insurance brokerage based in Illinois, US. Horton, which was founded in 1971, offers property and casualty insurance, employee be...
Posted: Aug 05, 2024
Hamilton Lane, a global private markets investment management firm, has announced the creation of a specialised Insurance Solutions team, to be led by John Brecker. Moreover, the firm formalised its long-standing efforts to serve insurers and enha...
Posted: Aug 05, 2024
Kova Professions, the specialist MGA focused on Professional Indemnity (PI), has announced the appointment of Sarah Morrison as Senior Underwriter. With two decades of industry experience, Morrison’s deep expertise in the PI sector will further en...
Posted: Aug 05, 2024
The Federation of European Risk Management Associations (FERMA) has called upon the Hungarian Presidency to ensure holistic approach to European competitiveness and simplification of regulatory maze. The organisation recently published its Contrib...
Posted: Aug 05, 2024
Insurers continue to grapple with elusive and ever changing cyber risks in the critical infrastructure sector, and Matthew McCabe, managing director for Guy Carpenter’s Cyber Center of Excellence, said he sees a three-party system emerging betw...
Posted: Aug 05, 2024
A U.S. regulator said on Wednesday it still believes that air bag inflators in 49 million U.S. vehicles assembled by 13 automakers pose serious safety risks and it is considering issuing a recall. The issue has been linked to one …
Posted: Aug 05, 2024
TikTok was sued by the US for allegedly collecting data on children in violation of an online privacy act, three months after the popular video app sued the government over a law that could ban it across the country. In …
Posted: Aug 05, 2024
Just as another potential hurricane bears down on Florida, the child of a central Florida woman is litigating a claim from a previous storm – Hurricane Ian in 2022. This time, though, the plaintiff claims not only breach of contract …
Posted: Aug 05, 2024
AM Best, the global credit rating agency, has revised the outlook to stable from positive for Eureka-Re SCC (Eureka) (Barbados). The Financial Strength Rating has been upgraded to A- (Excellent) from B++ (Good) along with the Long-Term Issuer Cred...
Posted: Aug 05, 2024
New Mexico Gov. Michelle Lujan Grisham has signed legislation that will provide $100 million in emergency aid to victims of recent wildfires and flooding in Lincoln County. The spending bill includes $70 million for local governments to use as zero-i...
Posted: Aug 05, 2024
A Connecticut clinical social worker believes her homeowners insurer should defend and indemnify her against claims she violated patients’ privacy by accessing and sharing their private medical information. She says the lawsuit against her trig...
Posted: Aug 05, 2024
Extreme Weather Sends Insured Losses 70% Above Historical Norms Natural cat...
Posted: Aug 04, 2024