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Cayman Islands-based Northern Re has enjoyed a strong start to its operations, receiving a “very warm welcome” from the market in 2023, and anticipates that conditions will continue to improve into 2025, driven by the ongoing growth tr...
Posted: Jun 21, 2024
Insurance Business Magazine - US
Posted: Jun 21, 2024
Insurance Business Magazine - US
Posted: Jun 21, 2024
The startup develops a tool to provide an "instant replay" of a vehicle collision.
Posted: Jun 21, 2024
Rachael comes from Indigo Technologies Holdings.
Posted: Jun 21, 2024
The company has built proprietary AI to streamline prior authorization process.
Posted: Jun 21, 2024
Aon, a professional services firm specialising in risk management and insurance solutions, has underscored in their weekly catastrophe report the significant economic impact of the ongoing wildfires in southern New Mexico, where potential losses c...
Posted: Jun 21, 2024
Nationwide automotive hauling and logistics company Wheeler Trucking, doing business as Wheeler Trucking Inc. and Wheeler Logistics, Inc. will pay $65,000 and furnish equitable relief to settle a race and religion lawsuit filed by the Equal Employmen...
Posted: Jun 21, 2024
The latest people news in the industry today. The post Paul Spelman Appointed as SVP of Underwriting Management at...
Posted: Jun 21, 2024
US milk production is starting to get hit by the bird flu virus, which first made the jump to cows earlier this year. Output in Texas and Kansas — the first states where highly pathogenic avian influenza was detected in …
Posted: Jun 21, 2024
Recent flooding in south Florida caused insured losses in the hundreds of millions of dollars, from auto and homeowners claims, Aon and AM Best reported. The Florida Office of Insurance Regulation is also reminding insurers to file simplified catastr...
Posted: Jun 21, 2024
CAPE Analytics, a provider of AI-powered property insights, has partnered with Vexcel, a provider of aerial imaging, to increase its coverage to over 99% of US households and adds access to post-disaster imagery. The new partnership provides CAPE...
Posted: Jun 21, 2024
Hawaii on Thursday agreed to take action to decarbonize its transportation system by 2045 to settle a lawsuit by 13 young people alleging the U.S. state was violating their rights under its constitution with infrastructure that contributes to greenho...
Posted: Jun 21, 2024
Integrated Specialty Coverages (ISC), the multi-line program administrator, has appointed Experian’s Dimitri Robert as Chief Technology Officer (CTO). In his new role, Robert is expected to head ISC’s engineering department, as well as...
Posted: Jun 21, 2024
Ledgebrook, the Boston-based excess-and-surplus managing general agent, announced it will be expanding its professional lines offerings by launching an architects and engineers product with its capacity provider, the insurer Obsidian. Carolyn Pearce...
Posted: Jun 21, 2024
Strong underwriting performance in the US directors and officers (D&O) liability insurance market is expected to put downward pressure on rates due to reduced demand in this segment, according to a recent report by credit rating agency AM Best...
Posted: Jun 21, 2024
Howden, a global insurance intermediary group, has announced the launch of the first Warranty & Indemnity insurance policy for the sale of carbon credits for the reafforestation project of degraded forest lands by Mere Plantations. UK-based Me...
Posted: Jun 21, 2024
A delivery driver failed to convince her employer or the Virginia Workers’ Compensation Commissioner (VWCC) that she injured her knee in a fall on the job because she had to rush to complete deliveries on a schedule. She maintained that …
Posted: Jun 21, 2024
Industry veteran Daniel P. Olohan has been promoted to Chief Operating Officer (COO) of MAPFRE USA, effective August 1, 2024. Olohan has been with the firm since 2006, and has served as General Counsel and Secretary since 2008. As well as taking o...
Posted: Jun 21, 2024
Mark will be responsible for product development and innovation, and for setting Canopius’ risk appetite for specialty lines worldwide.
Posted: Jun 21, 2024
The Utah-based company offers hotel guest protection policies
Posted: Jun 21, 2024
Clients of Morningstar Wealth's TAMP will have their accounts transitioned to AssetMark's platform.
Posted: Jun 21, 2024
Hackers are selling data about consumers of the LendingTree Inc. subsidiary QuoteWizard after the company detected unauthorized access on a cloud database hosted by Snowflake Inc., according to a person familiar with the matter. There have been sever...
Posted: Jun 21, 2024
AXA Hong Kong and Macau has entered into an exclusive partnership with HK Express Airways to offer tailored protection to enable HK Express customers enjoy hassle-free journeys. Kenneth Lai, Chief General Insurance Officer at AXA Hong Kong and Mac...
Posted: Jun 21, 2024
Integrated Specialty Coverages (ISC), a programme administrator based in Carlsbad, California, specialising in creating comprehensive insurance solutions using advanced artificial intelligence (AI) and data analytics, has recently introduced its n...
Posted: Jun 21, 2024
S&P Global Ratings has raised REVO Insurance, S.p.A.’s, an Italian insurer specialised in parametric policies and specialty lines, rating from BBB+ to A- with a stable outlook. According to the rating agency, the upgraded rating reflects the i...
Posted: Jun 21, 2024
The Biden administration on Thursday announced plans to bar the sale of antivirus software made by Russia’s Kaspersky Lab in the United States, with Commerce Secretary Gina Raimondo saying that Russia’s influence over the company poses a...
Posted: Jun 21, 2024
Palomar Holdings, a specialty property insurer, has announced two key appointments: Tim Carter as Chief People Officer and Rodolphe “Rudy” Herve as Chief Operating Officer. Mac Armstrong, Chairman and Chief Executive Officer of Palomar, expressed...
Posted: Jun 21, 2024
Achmea Reinsurance Company N.V has entered into a four-year reinsurance agreement with Windmill III Re DAC, a multi-arrangement special purpose vehicle incorporated in Ireland, providing per occurrence cover in respect of losses from European wind...
Posted: Jun 21, 2024
Assicurazioni Generali SpA is seeking to sell its units in Turkey and the Philippines, people with knowledge of the matter said. The Italian insurer has kicked off separate processes to dispose of its small Istanbul-based Generali Sigorta AS subsidia...
Posted: Jun 21, 2024
The cyber criminals taking credit for the hack on London hospitals earlier this month have published what they claim is stolen data from the attack. England’s National Health Service said in a statement Friday it was aware that the data …
Posted: Jun 21, 2024
Rating agency AM Best has upgraded the Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa-” (Superior) from “a+” (Excellent) of the members of Athene Group (Athene), an...
Posted: Jun 21, 2024
Aircraft leasing firms have struck settlements with Russia totalling around $2.7 billion for over a quarter of the roughly 400 aircraft stuck in the country since Moscow’s invasion of Ukraine in 2022. In return, international lessors handed own...
Posted: Jun 21, 2024
Sheila Cameron, CEO of the Lloyd’s Market Association (LMA) has noted that it welcomes the decision by Velonetic, supported by Lloyd’s Council, to postpone again the cutover date for Blueprint Two, which was “taken in light of the real...
Posted: Jun 21, 2024
Managing General Agent (MGA) Devonshire Underwriting has announced that it has hired Sam Jeater as its new Underwriting Manager. In the role, he will largely focus on enhancing Devonshire’s Warranties & Indemnities (W&I) product offering f...
Posted: Jun 21, 2024
Posted: Jun 21, 2024
Posted: Jun 21, 2024
CatIQ, a subsidiary of Zurich-based PERILS AG, has released its Canadian Insurance Industry Exposure Database (IED) for 2024, revealing that CAD 19 trillion worth of insured property assets are exposed to natural perils. This represents an 11.3% i...
Posted: Jun 21, 2024
Thomas Neil Morrison has been appointed to the Board of Aviva plc, the insurance and financial services company, as a Non-Executive Director. Based in Toronto, Ontario, Canada, Neil will become a member of the Aviva plc Nomination and Governance,...
Posted: Jun 21, 2024
AXIS Capital Holdings Limited (AXIS) has recently launched AXIS Cyber Incident Commander, a new service designed to assist policyholders facing cyber incidents by providing them with a single point of contact for immediate guidance from experience...
Posted: Jun 21, 2024
Global specialty insurer Mosaic Insurance has entered into a multi year partnership with WNS, a provider of global digital-led Business Process Management (BPM) solutions. This partnership aims to create a future-ready operations model for underwr...
Posted: Jun 21, 2024
A new report from a climate activist group portrays a “mixed picture of progress and persistent challenges” in the insurance sector in addressing climate-related risks, with some insurers successfully integrating climate-related risks and...
Posted: Jun 21, 2024
High claim severities, persistent risky driving behavior, electric vehicles and shop-and-swap consumers are challenging auto insurers to stay profitable. The challenges will continue through the end of the year and beyond, according to the 2024 U.S A...
Posted: Jun 21, 2024
The U.S. directors and officer segment in 2023 recorded a direct loss ratio of 50.8—the best result in nearly a decade—but industry rating agency AM Best is not convinced the good times will last. In a special report on U.S. …
Posted: Jun 21, 2024