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Australia on Friday gave the go-ahead for ANZ Group’s A$4.9 billion ($3.26 billion) buyout of Suncorp’s banking business, clearing the deal to proceed after almost two years of scrutiny by financial regulators and treasury. Treasurer Jim...
Posted: Jun 28, 2024
DWF, a provider of integrated legal and business services, has announced its acquisition agreement with Proclaim, a claims management business in Australia, aiming to enhance its presence in the country. Group CEO, Sir Nigel Knowles, commented: &#...
Posted: Jun 28, 2024
This edition of International People Moves details appointments at Gallagher Re and Markel. A summary of these new hires follows here. Gallagher Re Appoints Rudden as Head of Green Solutions Gallagher Re announced the appointment of Richard Rudden as...
Posted: Jun 28, 2024
After the severe flooding in central Europe between late May and early June, it is crucial for insurers and reinsurers to understand and manage this complex risk, which can be achieved using the latest generation of high-definition (HD) catastroph...
Posted: Jun 28, 2024
Hampden Group, a provider of specialist insurance, investment and financial support services, has appointed Lord Strathclyde as the Chair of the group’s ultimate holding company, Hampden Holdings. Strathclyde succeeds Hampden founder, Tim Oliver,...
Posted: Jun 28, 2024
Assured Guaranty Municipal Corp, (AGM) a subsidiary of Bermudian-based Assured Guaranty Ltd., has for the second time, insured $800 million of senior Special Facilities Revenue Bonds issued by the New York Transportation Development Corporation on...
Posted: Jun 28, 2024
Property and casualty (P&C) insurer Chubb has announced the appointment of Mikko Ronikonmäki as Commercial Lines Manager for Finland, effective August 12, 2024. Based in Helsinki and Ronikonmäki will be responsible for Chubb’s commercial lines...
Posted: Jun 28, 2024
Lawyers representing claimants taking legal action over Brazil’s worst environmental disaster filed an injunction this week against miners BHP and Vale for “trying to derail” a potential 36 billion-pound ($46 billion) London lawsuit...
Posted: Jun 28, 2024
BMS Australia, the London-based specialist insurance and reinsurance broker, announced the launch of its Agriculture business with Ceri Martin appointed to lead the division. The establishment of this new business is part of BMS’ global strateg...
Posted: Jun 28, 2024
Beyond Risk Topco Holdings, a provider of alternative risk financing solutions, has announced a strategic partnership with Eirion Risk Underwriters, a Managing General Agent (MGA) in specialty insurance placement. Eirion Risk was founded by indust...
Posted: Jun 28, 2024
Insurance IPO activity has been increasing in the first half of 2024, potentially encouraging more companies to consider IPOs as they could now achieve higher valuations compared to last year, according to Stonybrook Capital. Several private equit...
Posted: Jun 28, 2024
Arturo, a property intelligence organisation that delivers portfolio-wide underwriting, risk, claims and catastrophe-driven event insights, has hired Jordan Burke as Chief Operating Officer. In the role, Burke is expected to oversee the optimisati...
Posted: Jun 28, 2024
Global specialty re/insurer SiriusPoint has announced it has become the sole carrier partner for Euclid Security’s Liability program. The company is a boutique managing general underwriter (MGU) specialising in security industry risks. Its Liabili...
Posted: Jun 28, 2024
IAG has purchased reinsurance protection to mitigate natural perils volatility for the next five years, alongside securing adverse development cover for its long-tail reserves from Enstar. IAG has entered into a comprehensive five-year natural per...
Posted: Jun 28, 2024
Posted: Jun 28, 2024
AXIS Capital Holdings Limited has expanded its partnership with Elpha Secure, which initially commenced in 2021, when AXIS became both an investor in and a capacity provider for the company. Lori Bailey, Head of Global Cyber & Technology at AX...
Posted: Jun 28, 2024
On June 26th, R&Q Insurance Holdings Ltd announced significant developments, including the appointment of joint provisional liquidators (JPLs), the resignation of its Nominated Adviser, and the likely delisting of its shares. R&Q has confi...
Posted: Jun 28, 2024
Four insurance companies filed a subrogation lawsuit against Norfolk Southern in federal court last week, alleging the rail carrier’s negligence led to the 2023 East Palestine, Ohio train derailment and subsequent fire, explosion and release of...
Posted: Jun 28, 2024
DUAL Benelux, a division of the international insurance underwriting firm DUAL Europe, has named Aram Stoop as its new Managing Director. Reporting to Olaf Jonda, CEO of DUAL Europe, Stoop steps into the position previously held by Peter Kegel, wh...
Posted: Jun 28, 2024
Reinsurance broker Gallagher Re has announced the appointment of Richard Rudden to the newly created role of Head of Green Solutions. This position aims to develop insurance and reinsurance solutions to support clients in their energy transition e...
Posted: Jun 28, 2024
Homeowners are cutting back on dining out, travel, groceries and even medication to afford their soaring property insurance premiums. One in 10 are considering relocating to an area with lower premiums. Within the last five years, homeowners’ i...
Posted: Jun 28, 2024
The insurance and reinsurance industry has a pivotal role to play in developing its future leaders to meet the unique demands and challenges presented by today’s increasingly complex global environment, as highlighted at the Marsh McLennan Rising...
Posted: Jun 28, 2024
On June 18 and 19, 2024, CDK Global (CDK), a leading provider of cloud-based software to auto dealerships in North America, fell victim to a two-tiered cyberattack. 15,000 dealerships are potentially impacted, with multiple departments affected, incl...
Posted: Jun 28, 2024
The U.S. Supreme Court blocked an Environmental Protection Agency regulation aimed at reducing ozone emissions that may worsen air pollution in neighboring states, handing a victory on Thursday to three Republican-led states and the steel and fossil-...
Posted: Jun 28, 2024
The opening salvos have been fired in a 2.5 billion euro ($2.7 billion), Irish court battle between some of the world’s largest aircraft lessors and their insurers over around 80 jets stranded in Russia. Dublin’s High Court earlier this m...
Posted: Jun 28, 2024
Companies accused of misrepresenting their progress on tackling climate change are increasingly finding themselves the target of litigants, as activist groups look to hold some of the world’s worst polluters to account. As many as 47 new climat...
Posted: Jun 28, 2024
In the months that followed its invasion of Ukraine and punitive Western restrictions imposed in response, Russia amassed a shadow fleet to ferry its oil around the world. Now there is growing evidence Moscow has begun to do the same …
Posted: Jun 28, 2024
MEMPHIS, Tenn. (AP) — The Tennessee attorney general’s office said Tuesday that it has turned over its investigation into the failed sale of Elvis Presley’s home Graceland at a foreclosure auction to federal authorities, a newspaper repor...
Posted: Jun 28, 2024
North Carolina, already ranked among the top states for captive insurance firms, could soon become a little more attractive for captives and risk-retention groups if the governor signs Senate Bill 319. State lawmakers this week unanimously approved t...
Posted: Jun 28, 2024
WTW has announced the appointment of three new hires within the Financial Institutions and Professional Services industry division, which is part of Corporate Risk and Broking, North America (CRB NA), Heather Mann, Larry Trombino, and Jeanette You...
Posted: Jun 28, 2024
An employee at the Virginia Department of Health who was seriously injured when a vehicle crashed through the wall of her first floor office is not entitled to workers’ compensation benefits. The Virginia Workers’ Compensation Commission...
Posted: Jun 28, 2024
The Governing Board of the California Earthquake Authority (CEA) named Tom Welsh CEO. Welsh was the chief legal and compliance officer. He has served as the interim CEO since January. He joined the CEA in 2019 as general counsel. He …
Posted: Jun 28, 2024
Smith & Wesson, the gun manufacturer, must comply with a New Jersey subpoena seeking documents as officials investigate whether the company engaged in deceptive advertising, a U.S. appeals court ruled Tuesday. The documents being sought include a...
Posted: Jun 28, 2024
Consulting firm Perr&Knight has launched its newest Risk Strategies & Solutions practice area, which is set to help clients turn unique concepts into practical and compliant insurance programs. The company’s new practice is reportedl...
Posted: Jun 27, 2024
Berkshire, Starr in Top Cyber Ranking; Global Outlook Stable: AM Best According to industry rating agenc...
Posted: Jun 27, 2024
Liberty WorldWise is the first new product developed for customers of Liberty Mutual’s Middle Market division.
Posted: Jun 27, 2024
Should the merchant purchase business personal property of others or business personal property coverage?
Posted: Jun 27, 2024
AI-driven underwriting solution enables BTIS to assess risk more accurately and accelerate quote turnaround time.
Posted: Jun 27, 2024
Schmidt will engage with major strategic initiatives and corporate development activities across Markel globally.
Posted: Jun 27, 2024
“We’re launching new programs, such as a construction program specific to wraps and a new energy practice. If you’re a producer at Jencap and want to grow your book, you can do it more quickly here than in a company where your competition sits nex...
Posted: Jun 27, 2024
A wildfire near La Pine, Oregon that has prompted evacuation orders grew to 3,889 acres on Thursday morning. The Darlene 3 Fire, which started Tuesday, is now 30% contained. Winds and warm temperatures on Tuesday resulted in spotting beyond the ̷...
Posted: Jun 27, 2024
Coverage Needed: New Maps Put Hundreds of Thousands in SE Flood Zones Many more properties, includin...
Posted: Jun 27, 2024
The MGU will leverage Gradient AI to create "highly customized and cost-effective" workers’ comp policies.
Posted: Jun 27, 2024
The Power of the ‘Longevity Economy’ Emerging Technologies sradomski
Posted: Jun 27, 2024
This post is part of a series sponsored by TSIB. According to IBM’s 2023 Cost of a Data Breach Report, it’s estimated that data breaches cost businesses an average of $4.5M in 2023. Statista, shared that over 317M ransomware attempts R...
Posted: Jun 27, 2024