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Singapore’s Income Insurance Ltd is in discussion with Allianz regarding a transaction relating to its shares in Income Insurance, it said in a statement on Friday. The company added in the statement that there is no assurance that any transact...
Posted: Jun 14, 2024
Insured losses from floods that hit Central Europe between Thursday, May 30 and Monday, June 3 in Germany will likely fall within the range of €2 billion to €3 billion (US$2.1 billion to US$3.2 billion), according to Moody’s RMS Event …
Posted: Jun 14, 2024
SCOR’s CEO Thierry Léger and Lloyd’s CEO John Neal have been appointed chair and vice-chair of Insurance Europe’s Reinsurance Advisory Board (RAB) respectively. Thierry Léger takes over from Gen Re’s Charlie Shamieh, who has held the RAB cha...
Posted: Jun 14, 2024
Dangerous flooding from a tropical disturbance inundated much of southern Florida on Wednesday, blocking roads, floating vehicles and delaying the Florida Panthers on their way to Stanley Cup games in Canada against the Edmonton Oilers. The disorgani...
Posted: Jun 14, 2024
It's interesting to observe how quickly you can identify a serious student in the industry. From the very beginning, their curiosity and eagerness to learn stand out. They ask thoughtful questions, seeking to understand the intricacies of th...
Posted: Jun 14, 2024
International re/insurance group Aventum has appointed a new Head of Learning & Development, Jeff Uden. In his new role, Uden will work collaboratively with the wider HR team across all aspects of Aventum’s holistic talent strategy including a...
Posted: Jun 14, 2024
The UK cyber insurance market has become increasingly “buyer-friendly”, with an abundance of capacity and intense competition among insurers driving rate decreases, according to Marsh’s Q1 2024 cyber insurance report. At the same time, gener...
Posted: Jun 14, 2024
Mubadala Investment Co. has proposed selling troubled insurance tech startup Wefox Holding AG to UK insurance broker Ardonagh Group Ltd. in a deal opposed by the German firm’s founders. The Abu Dhabi sovereign wealth fund has told Wefox shareho...
Posted: Jun 14, 2024
Cayman Islands-based annuity reinsurer Ascendant Re has revealed that its Q1 2024 net income was $18.06 million, up considerably compared to Q4 2023’s figure of $6.66 million. Meanwhile, Ascendant Re’s total assets increased by $18.05...
Posted: Jun 14, 2024
Lawyers appointed by the liquidators of China Evergrande Group 3333.HK are investigating some of the property developer’s service providers including its former auditor PricewaterhouseCoopers, to potentially recoup losses for creditors, three s...
Posted: Jun 14, 2024
Lawyers appointed by the liquidators of China Evergrande Group 3333.HK are investigating some of the property developer’s service providers including its former auditor PricewaterhouseCoopers, to potentially recoup losses for creditors, three s...
Posted: Jun 14, 2024
Trisura Group Ltd, a specialty insurance provider operating in surety, risk solutions, and corporate insurance, announces several senior management appointments across the organisation. Richard Grant, who has been with Trisura Canada since its inc...
Posted: Jun 14, 2024
Just before Ana Clara Benevides lost consciousness, she likely found it hard to breathe. Packed with 60,000 people in Rio de Janeiro’s Nilton Santos Stadium for a Nov. 17 Taylor Swift concert — amidst a heat wave with a “real …
Posted: Jun 14, 2024
Dynamic Reinsurance (Dynamic Re) recently announced a business synergy agreement with Tokio Marine HCC – Financial Lines to collaborate on joint opportunities within Financial Lines. Dynamic Re, an underwriting agency based in the United States, p...
Posted: Jun 14, 2024
A small cargo ship was on fire after being hit by three projectiles while sailing in the Gulf of Aden, marking the second significant incident in two days and a fresh ramp up of attacks. The attack on the Verbena …
Posted: Jun 14, 2024
AM Best has revised the outlooks of Florida Family Insurance Company and its subsidiary, Florida Family Home Insurance Company, from negative to stable, a move that reflects improvement in its operating performance due to more strict underwriting...
Posted: Jun 14, 2024
The UK economy lost more than £257 billion ($327 billion) in potential output because of demotivated workers last year, adding to a productivity crisis that’s left the country falling behind other wealthy nations. Just one in 10 UK workers were...
Posted: Jun 14, 2024
Malaysian Re and Pacific Life Re Limited, Singapore Branch have signed an extension of their Memorandum of Understanding (MoU) on providing sustainable retakaful solutions to Takaful Operators. This collaboration was first established in 2019, and...
Posted: Jun 14, 2024
R&Q: Financial Instability Could Lea...
Posted: Jun 14, 2024
Posted: Jun 14, 2024
Markel, the insurance operations within the Markel Group Inc., has appointed Jamie Carsey as Chief Claims Officer to oversee US and Bermuda claims operations within the company’s Specialty division. Carsey joined Markel in 2017 and has since...
Posted: Jun 14, 2024
AM Best, a global credit rating agency for the insurance sector, has reaffirmed Asian Reinsurance Corporation (Asian Re), a regional non-life reinsurer, with a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” (...
Posted: Jun 14, 2024
Earnix, a provider of AI-based SaaS solutions for financial services, has announced a strategic partnership with Verisk, a data analytics and technology provider. This collaboration will allow Earnix to incorporate Verisk’s ISO Electronic Ra...
Posted: Jun 14, 2024
CRC Group, a North American wholesale specialty insurance distributor, has announced the appointments of Yoni Armstead, Dylan Kamen, and Lindsay Holmes. These appointments are part of CRC Group’s strategic effort to enhance support for retai...
Posted: Jun 14, 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, and WINT Water, a provider of cutting-edge water management and leak-prevention solutions, Intelligence have announced the extension of their partners...
Posted: Jun 14, 2024
Multiple companies in the U.S. and Canada experienced a record number of cyber extortion events in 2023 and unprecedented demands, a new report from Marsh shows. The report, Ransomware: A persistent challenge in cyber insurance claims, also showed an...
Posted: Jun 14, 2024
Snowflake Inc. plans to close its own investigation this week into a hacking campaign that ensnared as many as 165 of its customers. The cloud data and analytics company hasn’t detected any unauthorized access into customer accounts since early...
Posted: Jun 14, 2024
The U.S. property/casualty market sustained an estimated $21.1 billion in underwriting losses in 2023, highlighting the challenges the industry faces as a result of natural catastrophes and inflation. According to joint analysis by global data analyt...
Posted: Jun 14, 2024
The U.S. property/casualty market sustained an estimated $21.1 billion in underwriting losses in 2023, highlighting the challenges the industry faces as a result of natural catastrophes and inflation. According to joint analysis by global data analyt...
Posted: Jun 14, 2024
The California Labor Commissioner’s Office reached a $658,948 settlement with a Los Angeles residential care facility. The settlement was to compensate 34 workers who were reportedly not paid for all hours worked. The LCO began investigating re...
Posted: Jun 14, 2024
Improper maintenance and the pilot’s failure to abort takeoff likely caused a small plane to crash into a building in New Hampshire in 2022, killing both people on board and sparking a fire, the National Transportation Safety Board said in R...
Posted: Jun 14, 2024
California Insurance Commissioner Ricardo Lara appointed Alycia Anderson, Kelly Huang and Marquita Thomas to the state’s Insurance Diversity Task Force. The task force oversees the department’s insurance diversity initiative, which encour...
Posted: Jun 14, 2024
The Securities and Exchange Commission (SEC) this week charged Ilit Raz, CEO and founder of the failed artificial intelligence recruitment startup Joonko, with defrauding investors of at least $21 million. According to the SEC, Raz gave investors fal...
Posted: Jun 14, 2024
The Securities and Exchange Commission (SEC) this week charged Ilit Raz, CEO and founder of the failed artificial intelligence recruitment startup Joonko, with defrauding investors of at least $21 million. According to the SEC, Raz gave investors fal...
Posted: Jun 14, 2024
Federal officials say a New Jersey construction contractor with a history of ignoring federal fall safety standards has again been found exposing employees to potentially deadly fall hazards in eight work site inspections. The federal Occupational Sa...
Posted: Jun 14, 2024
The Bermuda International Long Term Insurers and Reinsurers (BILTIR), a trade association with over 70 member (re)insurance companies and service providers, has published a report examining the history and present condition of Bermuda’s long...
Posted: Jun 14, 2024
7 Key Strategies to Safeguard Property Agent & Broker ClareCarroll1
Posted: Jun 13, 2024
Crawford benefits from Docuvela’s modern approach to storing data and content that simplifies; Docuvela benefits from integrating to Crawford Technologies’ suite of CCM solutions.
Posted: Jun 13, 2024
Available to members in need of care themselves or when supporting others, Guardian becomes the first insurance carrier to include caregiving support services in employer-provided disability insurance.
Posted: Jun 13, 2024
Analysis: U.S. P/C Industry’s $21.1B Underwriting Losses for 2023 The...
Posted: Jun 13, 2024
The companies will leverage their collective expertise and data to derive insights which will enable the early detection of risk factors for common conditions affecting pets.
Posted: Jun 13, 2024
JMTRV has served the Colombian surety market since 2012.
Posted: Jun 13, 2024
He replaces Teresa Miller in the role, who is retiring this summer.
Posted: Jun 13, 2024
Extreme weather events were a top concern of business owners, followed by cyber, supply chain and U.S. elections, according to the survey from Gallagher. The post
Posted: Jun 13, 2024
Analysis: Loss Estimates Highlight Continued Challenges for U.S. P/C Industry The U.S. property/casualty market sustained an estimated $21.1 billion in underwriting losses in 2023, highlighting the challenges the industry faces as a result of natural...
Posted: Jun 13, 2024
Internships Are Drying Up, Especially in Tech and Finance Companies are...
Posted: Jun 13, 2024