All Posts
Howden Re, Moody’s Launch Analytics Talent Exchange Program A three month reciprocal early career talen...
Posted: Jul 08, 2024
‘Healthy’ Workplace Key to Saving Billions Lost to Workplace Injuries,...
Posted: Jul 08, 2024
AM Best report shows that personal lines dragged down P&C underwriting results for 2023, overshadowing positive commercial lines results. The post
Posted: Jul 08, 2024
A challenge to a Biden administration rule allowing socially conscious investing by employee retirement plans will present an early test of how courts will scrutinize federal regulations after the U.S. Supreme Court said they no longer have to defer...
Posted: Jul 08, 2024
Ardonagh Advisory has acquired Rollinson Smith Insurance Brokers (RSIB), a UK community broker that operates in the Shropshire, Staffordshire, West Midlands and North Wales regions with significant reach in London as well as other areas of the countr...
Posted: Jul 08, 2024
Brazil’s environmental agency IBAMA has sued Syngenta alleging the chemicals company caused “environmental damage” by producing and selling pesticides using much higher concentrations of a carcinogen than allowed under law, accordin...
Posted: Jul 08, 2024
Reinsurance buyers generally saw positive outcomes during the mid-year renewals, finding adequate capacity to meet cedents’ increasing demand for protection — in both property and casualty, according to three renewal reports from reinsura...
Posted: Jul 08, 2024
Hurricane Beryl made its U.S. landfall at Matagorda, Texas early Monday as a Category 1 hurricane. The storm has reportedly knocked out power to 1 million homes and businesses, but the storm’s overall impact to the insurance industry is expecte...
Posted: Jul 08, 2024
Insurance Business Magazine - US
Posted: Jul 08, 2024
Insurance Business Magazine - US
Posted: Jul 08, 2024
Insurance Business Magazine - US
Posted: Jul 08, 2024
Insurance Business Magazine - US
Posted: Jul 08, 2024
Anthony McKelvy, co-founder and Managing Partner of Cayman Islands-based Northern Re, anticipates the casualty market to remain disciplined through the end of 2025, adding that the multiple years of significant positive rate increases were necessa...
Posted: Jul 08, 2024
Independent specialist re/insurer Apollo has hired CNA Hardy’s Carl Day as deputy Chief Underwriting Officer (CUO). According to the announcement, Day is expected to join the firm in late 2024. In the role, he will be heavily involved in dev...
Posted: Jul 08, 2024
A wildfire that erupted in Southern California has burned more than 20,000 acres, prompting an evacuation order and threatening ranches, including Michael Jackson’s former Neverland Ranch. The Lake Fire erupted on Friday northeast of Los Olivos...
Posted: Jul 08, 2024
Reinsurance broker Guy Carpenter’s U.S. Property Catastrophe Rate-On-Line (ROL) Index is now up by just 1.2% in 2024, reflecting a deceleration of rate increases at the mid-year renewals following the highs of last year. While still up by 1....
Posted: Jul 08, 2024
Founded over a decade ago, Qloo's investors include AI Ventures and AXA Venture Partners.
Posted: Jul 08, 2024
Martinez will report to Tingle and serve on John Hancock's U.S. Leadership Team, as well as Manulife's Global Leadership Team.
Posted: Jul 08, 2024
Insurers Fret Over Risk of Militant Attacks, AI Hacks at Paris Olympics Insure...
Posted: Jul 08, 2024
Weather-related catastrophes are increasing in frequency and intensity, and billion-dollar disasters are becoming the norm. The U.S. averages about 10 disasters costing more than $1 billion each year. Investing in resilience and preparedness won̵...
Posted: Jul 08, 2024
Tokio Marine Kiln (TMK), part of global insurance group Tokio Marine, has appointed Yixiang Yang as the new Head of Accident and Health for the Asia-Pacific region, effective immediately. Yang is an expert in accident and health underwriting with...
Posted: Jul 08, 2024
Eron Evans died in 2016 at 41 of ovarian cancer, leaving behind two daughters. Her grieving mother, Darlene, blames Johnson & Johnson’s Baby Powder – and she’s pursuing a lawsuit her daughter started a decade ago, alleging the company...
Posted: Jul 08, 2024
The National Reinsurance Corporation of the Philippines (Nat Re) celebrated its 45th anniversary with record figures in 2023, posting a substantial 862% increase in net profits driven by the firms underwriting and investment incomes. At its annual...
Posted: Jul 08, 2024
An ancient tree from India is now thriving in groves where citrus trees once flourished in Florida, and could help provide the nation with renewable energy. As large parts of the Sunshine State’s once-famous citrus industry have all but dried &...
Posted: Jul 08, 2024
Aurora, a digital commercial insurance business, has launched its flagship Commercial Combined solution, supported by AXA Insurance, for small or midsize enterprises (SMEs). The new product will encompass Property, Business Interruption, Employers...
Posted: Jul 08, 2024
Independent insurance broker Lockton has announced the appointment of Travis Leonard as Chief Financial Officer (CFO), succeeding Troy Cook who has occupied the role since 2020. He will take over his new role from July 8, 2024, and will work close...
Posted: Jul 08, 2024
Fireworks have been identified as the cause of the wildfire burning in New Jersey’s Wharton State Forest. The fire, which has burned more than 4,000 acres, was 75% contained by Sunday, officials said. The New Jersey Forest Fire Service reported...
Posted: Jul 08, 2024
Saudi Arabia-domiciled reinsurer, Saudi Reinsurance Co. has announced plans to increase its capital by SR267.3 million (approximately USD 71 million) through a strategic subscription with the Public Investment Fund (PIF), a sovereign wealth fund,...
Posted: Jul 08, 2024
A New Hampshire hospital has agreed to pay $300,000 to resolve allegations that it violated federal law by failing to keep accurate records of controlled substances, including opioids, the U.S. attorney’s office said. The Drug Enforcement Admin...
Posted: Jul 08, 2024
Reinsurers were more proactive when exploring ways to deploy capacity at the mid-year 2024 renewals, which, together with greater depth of data and detailed dialog between buyers and sellers, made for a healthy marketplace, according to Lara Mower...
Posted: Jul 08, 2024
In 2023, the Pacific Catastrophe Risk Insurance Company (PCRIC) achieved significant milestones, including welcoming Fiji and Niue as new members of the Pacific Catastrophe Risk Insurance Foundation (PCRIF) through policy purchases. PCRIC’s...
Posted: Jul 08, 2024
Banks in the UK are embroiled in the highest number of lawsuits in a decade in a trend that shows no sign of slowing down. Almost three new cases involving financial services firms were filed every day on average at …
Posted: Jul 08, 2024
BMS Group, an independent specialist insurance and reinsurance broker, has appointed Charlie Rozes as Group Chief Financial Officer (CFO) and Executive Director. Rozes will assume his new role in November, succeeding Nick Moss, Group Finance Direc...
Posted: Jul 08, 2024
Investors in bonds intended to help Jamaica cover the costs of a natural catastrophe won’t be affected by the havoc wrought by Hurricane Beryl, even as the prime minister declares the entire Caribbean island a disaster area. As the earliest ...
Posted: Jul 08, 2024
After hammering Caribbean islands last week and battering Mexico’s Yucatán Peninsula, Hurricane Beryl strengthened again to a Category 1 storm and recently made landfall near Matagorda, Texas, although the impact to reinsurers is expected to be mi...
Posted: Jul 08, 2024
France’s business elite is anxious about volatile politics, inexperienced policymakers, street protests and a possible wave of bankruptcies in the coming months, executives meeting in Provence said ahead of Sunday’s parliamentary election...
Posted: Jul 08, 2024
Acrisure Re, the re/insurance division of fintech company Acrisure, has announced that its facultative division has signed a preferred partnership broker agreement with Specialty Reinsurance Brokers (Specialty Re), for facultative Stock Throughput...
Posted: Jul 08, 2024
Big investors are warming to Britain after a landslide election win for its new Labour government but remain wary of placing long term bets until Prime Minister Keir Starmer can convince them his economic growth plans are credible. Sterling GBP=D3, &...
Posted: Jul 08, 2024
CoreLogic has estimated that total insurable losses from Hurricane Beryl across Jamaica and the Cayman Islands will be between $400 million and $700 million, while estimated insurable losses in Mexico’s Yucatan Peninsula are less than $1 billion....
Posted: Jul 08, 2024
Although risk-adjusted returns in the reinsurance sector are reaching a three-decade high, this hard market is different than previous ones, and a new class of reinsurers has yet to materialise with investor interest in supporting non-life startup...
Posted: Jul 08, 2024
Beryl Heads For Texas; Record Storm Spawns ‘Early Warning’ for Insurers...
Posted: Jul 08, 2024