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There’s More to Hurricanes Than Just Its Category Just a Category 1 hurricane? Don't be fooled by a num...
Posted: Jul 15, 2024
Dollar General Ordered to Pay $12M OSHA Penalty and Improve Safety Discount store operator Dollar Genera...
Posted: Jul 15, 2024
Global insurer American International Group (AIG) has appointed Melissa Twiningdavis as Executive Vice President (EVP), Chief Administrative Officer, effective September 1st, 2024, reporting to Peter Zaffino, Chairman and Chief Executive Officer (...
Posted: Jul 15, 2024
Hub International Limited announced the acquisition of the assets of Swanson Insurance Agency, Inc. & Swanson & Associates, Inc. (collectively, Swanson Insurance Agency). Terms of the transaction were not disclosed. Located in New Orleans, Lo...
Posted: Jul 15, 2024
PORTER, Texas (AP) — Hurricanes cause trouble for everyone, but farmers have a whole other list of problems. Beryl has been no exception: Over the past week, the storm damaged crops, soaked rabbits and chickens, terrified goats, put horses at …
Posted: Jul 15, 2024
Federal workplace safety inspectors have cited an Illinois construction contractor for again exposing employees to falls from elevation — the industry’s leading cause of injury and death — as they did residential framing work, this time at four...
Posted: Jul 15, 2024
Ping An Insurance (Group) Co. is seeking to raise $3.5 billion through the sale of convertible bonds, joining a wave of issuance in Asia in recent months. The company is offering the bonds due in 2029 with a coupon of …
Posted: Jul 15, 2024
Gallagher Specialty’s Plane Talking Q2 2024 report highlights that excess capacity and heightened competition are driving a softening of rates, creating a more competitive pricing environment that benefits airline insurance buyers. This surplus ca...
Posted: Jul 15, 2024
Kwik Fit was established in 1971 and had over 600 service centers across the UK.
Posted: Jul 15, 2024
The reorganization demonstrates Mosaic’s evolution as a global agency.
Posted: Jul 15, 2024
Against a backdrop of intensifying climate protests targeting Wall Street, the heavyweights of US finance are pushing back against what they characterize as a fundamentally flawed debate. For more than a month now, scores of activists have mounted ne...
Posted: Jul 15, 2024
MOUNT VERNON, Ind. (AP) — The remnants of Hurricane Beryl spawned at least four tornadoes in Indiana, including an EF-3 twister with winds as high as 140 mph (225 kph) that tore through a small city in the state’s southwestern …
Posted: Jul 15, 2024
South Carolina lawmakers next year may be asked to revamp a workers’ compensation employment test that judges have relied on for more than 50 years, if the state Supreme Court has its way. The court last week said that a …
Posted: Jul 15, 2024
CHANNELVIEW — Juan Piñón’s long-sleeve black shirt and forest green pants were soaked. He used a shovel to scrape concrete mix out of a blue wheelbarrow and throw it on the ground. The 43-year-old construction worker was hard at work …
Posted: Jul 15, 2024
Cayman Islands-based reinsurer Topsail Re has hired industry veteran Kanga Ahn as Vice President of Underwriting. In her new role, Ahn’s main responsibilities will include underwriting, marketing and account management. She holds a deep degr...
Posted: Jul 15, 2024
Evacuation orders and warnings are in place for roughly 4,200 people due to a growing wildfire in southern California that is threatening 4,100 structures. The Shelly Fire in Siskiyou County is now 15,232 acres and is 3% contained. It is …
Posted: Jul 15, 2024
Hurricane Beryl: Insurers See Minimal Impact, Brace for Active Season Insurers' losses from Hurricane Beryl wi...
Posted: Jul 15, 2024
What Happened to Reinsurance ‘Class of 2023’? Hard Market Defies Age-Old Patterns. Catastrophi...
Posted: Jul 15, 2024
Global ratings agency Fitch recently reported strong to very strong Insurer Financial Strength (IFS) ratings for Bermuda and U.S. insurers and reinsurers. Arch received an ‘AA-’, RenaissanceRe an ‘A+’, and both SiriusPoint and Hamilton an ‘A–’, al...
Posted: Jul 15, 2024
French reinsurer SCOR has announced the appointment of Helen Croft as its new Head of UK & Ireland, Life & Health. In her new role, Croft will oversee the underwriting of life reinsurance for SCOR clients across the UK and Ireland region....
Posted: Jul 15, 2024
Google parent Alphabet Inc. is in talks to acquire cybersecurity startup Wiz Inc., according to a person familiar with the matter. A deal may be worth as much as $23 billion, said the person, who asked not to be identified …
Posted: Jul 15, 2024
Bermuda has successfully continued to attract global re/insurers as the Bermuda Monetary Authority (BMA) continues to introduce significant new requirements to regulate the market in its jurisdiction, a move that has had a very significant financi...
Posted: Jul 15, 2024
Natural disasters such as flooding, drought and extreme temperatures cost China 93.16 billion yuan ($12.83 billion) in the first half of this year, with almost 33 million people affected, the government said on Friday. Heavy snow, 22 strong earthquak...
Posted: Jul 15, 2024
Incline P&C Group, an insurance program market firm, has bolstered its senior leadership team by appointing Scott Galiardo as the Chief Actuary and Chief Underwriting Officer (CUO) for Commercial & Specialty Lines and Tony Urban as the Chi...
Posted: Jul 15, 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Joseph Madigan as Chief Underwriting Officer for its North American Environmental Insurance business for Middle Marke...
Posted: Jul 15, 2024
A hacker who claims to have stolen sensitive call and text logs from AT&T Inc. said they were paid about $400,000 to erase the data trove. An analysis of a Bitcoin wallet address provided by the hacker shows a transaction …
Posted: Jul 15, 2024
The UK motor insurance market faced its most challenging year since 2011, recording a loss-making Net Combined Ratio (NCR) of 112.8% in 2023, but with declining inflation and rising premiums a return to profitability is foreseen, according to Erns...
Posted: Jul 15, 2024
Global specialty insurer, Mosaic Insurance, has announced a restructure of roles across its underwriting and operational teams, in a move that is anticipated to drive growth within its agency business, effective immediately. This includes, Liam Jo...
Posted: Jul 15, 2024
Under the blazing Adriatic sun, life almost stopped in Montenegro’s capital Podgorica earlier this summer. Cars and buses were stuck in gridlock as traffic lights went out, the internet crashed, and security alarms blared in reaction to a sudde...
Posted: Jul 15, 2024
Guy Carpenter is launching a new parametric flood re/insurance mechanism that provides customised flood coverage based on hazard footprints obtained in near real-time. According to Guy Carpenter, GC FloodShield boasts a broad application available...
Posted: Jul 15, 2024
Most re/insurers have now started, or are about to start, the implementation of the IFRS17 Standard, a finance transformation and modernisation program, which has brought some benefits and challenges that are yet to be overcome, a recent PwC surve...
Posted: Jul 15, 2024
Tokio Marine Kiln (TMK) has partnered with carbon credit insurance specialist Kita to provide Political Risk insurance for developers of/investors in, carbon credit projects. Led by Ed Parker, Head of Special Risks at TMK, the new product will rep...
Posted: Jul 15, 2024
Two-thirds (67%) of financial services leaders are more optimistic about the sector’s growth under the new Labour government, according to KPMG’s latest UK Financial Services Sentiment Survey. This survey polled over 150 leaders in banking, insura...
Posted: Jul 15, 2024
Hong Kong-based global reinsurer Peak Re has appointed David Menezes as Chief Risk Officer, effective immediately. Menezes has served as the Deputy Chief Risk Officer at Peak Re since September 2022. Here, he has reportedly been instrumental in up...
Posted: Jul 15, 2024
The Texel Group, a specialist credit and political risk insurance broker, has announced the appointment of Ivan Jesensky as its first digitisation broker and Michaela du Toit, who has joined as a broker. Based in London, Jesensky will be reporting...
Posted: Jul 15, 2024
Posted: Jul 15, 2024
JP Morgan has estimated some changes for the Lloyd’s insurers ahead of the first half of 2024 (1H24) results, including the expectation that the companies are well on track to achieve their 2024 guidance. “We expect the Lloyd’s insurers to be well...
Posted: Jul 15, 2024
Japan’s life insurance industry is seeing a resurgence as the economy overcomes its “lost decades,” according to a recent report by global reinsurer Swiss Re. In contrast, China’s life insurers are now dealing with the same...
Posted: Jul 15, 2024
Re/insurance educator and research provider, The Institutes, has appointed W. Robert Berkley Jr., President and Chief Executive Officer (CEO) of W. R. Berkley Corporation (WRBC), and John C. Roche, President and CEO of The Hanover Insurance Group,...
Posted: Jul 15, 2024
A new report asserts the impact of business email compromise incidents on U.S. companies is likely underestimated and misunderstood—and it shows that multifactor authentication and cybersecurity awareness programs may be the top two risk management c...
Posted: Jul 15, 2024