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Key emerging risks facing global economies, businesses and the re/insurance industry include the cascading effects of natural disasters, the weakening resilience of supply chains and the repercussions of persistent underfunding of healthcare systems,...
Posted: Jun 12, 2024
Following on from last year’s challenging property insurance market, 2024 is proving to be a “more stable and capitalized market,” according to USI Insurance Services. In their latest Commercial Property & Casualty Market Out...
Posted: Jun 12, 2024
Insurance Business Magazine - US
Posted: Jun 12, 2024
As part of the settlement, Unum will change how it administers its proof of good health requirement.
Posted: Jun 12, 2024
Insurance Business Magazine - US
Posted: Jun 12, 2024
Allianz and Kane will jointly work on global marketing activations.
Posted: Jun 12, 2024
SecureSave is a workplace emergency savings program.
Posted: Jun 12, 2024
Marsh reports record number of cyber claims in 2023, with ransomware demands soaring despite more companies refusing to pay. The post
Posted: Jun 12, 2024
The Federal National Mortgage Association (Fannie Mae) has executed its fourth Credit Insurance Risk Transfer (CIRT) transaction of 2024, transferring $284.8 million of mortgage credit risk to private insurers and reinsurers. 25 insurers and reins...
Posted: Jun 12, 2024
Nascent Group, an insurance management and reinsurance transformer company, has received its insurance management licence to operate in the Cayman Islands, enabling it to offer ILS, reinsurance, and captive management services in this region. This...
Posted: Jun 12, 2024
Lockton Re, the reinsurance arm of independent insurance broker, Lockton, has announced that Andy Wakefield will be joining the company as a Senior Broker within its Marine & Energy division later this year. In the role, he will be based in Lo...
Posted: Jun 12, 2024
Insured losses from hurricane events – which are expected during what is predicted to be a very active 2024 Atlantic Hurricane season – will be particularly impacted by demand surge related cost increases for building materials and lab...
Posted: Jun 12, 2024
Amwins has released its State of the Market: A Focus on Builders Risk report, highlighting a notable shift in market dynamics from the previous year, characterised by increased capacity helping to drive more competitive terms and conditions. The r...
Posted: Jun 12, 2024
The Dubai International Financial Centre Insurance Association (DIFCIA), an association comprised of the whole insurance, reinsurance, and wealth management sectors within the DIFC and wider insurance related services, has announced a reciprocal m...
Posted: Jun 12, 2024
Property and casualty re/insurer AXA XL’s alternative capital team has selected Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, to provide strategic support for a portion...
Posted: Jun 12, 2024
Increasing weather-related natural disasters not only cause property damage but also pose serious risks to supply chains, leading to business interruptions and potential economic slowdown, according to Swiss Re’s 2024 SONAR report. Swiss Re highli...
Posted: Jun 12, 2024
Refreshed visual identity reflects expanded, modern education initiatives Austin, TX., June 12, 2024 — The National Alliance for Insurance Education & Research has changed its 55-year-old name and logo to reflect the nonprofit organization&...
Posted: Jun 12, 2024
Insurance Business Magazine - US
Posted: Jun 12, 2024
At the recent CFC Summit in Toronto, Risk & Insurance sat down with George Beattie, head of innovation at CFC, to discuss the London-based insurer’s latest offerings. The post
Posted: Jun 12, 2024
Insurance brokerage firm Marsh McLennan’s unit Mercer has agreed to buy Cardano, a London-based pension fund manager that oversees $66 billion of assets, to widen its foothold in the UK market. The deal, unveiled on Tuesday, will allow Mercer t...
Posted: Jun 12, 2024
Hamilton Insurance DAC, the designated activity company of Bermudian re/insurer Hamilton Insurance Group, has appointed Ross Reynolds as Chief Executive Officer, subject to regulatory approval. Reynolds, who is also joining the Hamilton Insurance...
Posted: Jun 12, 2024
Insurance broker Aon plc announced a $350 million, first-of-its kind insurance program with the U.S. International Development Finance Corporation, designed to build insurance capacity and accelerate new capital investment and economic recovery in Uk...
Posted: Jun 12, 2024
Global insurance and reinsurance broker Aon has collaborated with the U.S. International Development Finance Corporation (US DFC) on a new $350 million insurance program designed to accelerate new capital investments and economic recovery in Ukrai...
Posted: Jun 12, 2024
Posted: Jun 12, 2024
Posted: Jun 12, 2024
InsurTech Summit Report: Capturing Data to Underwrite W...
Posted: Jun 12, 2024
hyperexponential, a company specialising in pricing decision intelligence solutions, and Send, a provider of underwriting workbench capabilities, have joined forces in a partnership which integrates their technologies to create a comprehensive pri...
Posted: Jun 12, 2024
Some of the world’s biggest carmakers are facing 1.5 million lawsuits in Britain for allegedly cheating emissions tests that could cost them at least 6 billion pounds ($7.6 billion), claimants’ lawyers told London’s High Court on Tu...
Posted: Jun 12, 2024
Invictus Capital Partners, an alternative credit asset manager, recently announced the launch of its new Insurance Solutions Business, which will be led by Senior Managing Director, Carl D. Bell. The launch of the Insurance Solutions Business addr...
Posted: Jun 12, 2024
Argenta Holdings Ltd, a subsidiary of Hannover Re, has hired Niranjan Nathan as group chief risk officer, subject to regulatory approvals. He assumes the role from Carol-Ann Burton, who will continue to serve as group general counsel and complianc...
Posted: Jun 12, 2024
A London hospital, facing blood supply disruptions after a cyberattack last week paralyzed operations, is asking its own clinical workers for blood. King’s College Hospital is calling on staff with the blood type O to schedule donations, accord...
Posted: Jun 12, 2024
AM Best has downgraded Louisiana Farm Bureau Mutual Insurance Company credit ratings and assigned them a negative outlook, a move that reflects the company’s deterioration of its key balance sheet strength. Louisiana Farm Bureau Financial Strength...
Posted: Jun 12, 2024
The U.S. property/casualty industry recorded a $9.3 billion net underwriting gain in the first three months of 2024, according to a recently published AM Best report. The gain marks a reversal of an $8.5 billion loss recorded in the same …
Posted: Jun 12, 2024
CFC, an insurance provider known for emerging risks in the cyber insurance market, has announced a significant update to its fintech insurance coverage. This revamped offering, available in the UK, Canada, and Australia, provides a streamlined, co...
Posted: Jun 12, 2024
Rate increases do not necessarily erode customer satisfaction with auto insurers, according to the J.D. Power 2024 U.S. Auto Insurance Study. The consumer intelligence company reported that when customers have a high level of trust in their insurer,...
Posted: Jun 12, 2024
A legal assault on the U.S. Securities and Exchange Commission is chipping away at its powers to oversee Wall Street and is likely to intensify with two imminent Supreme Court rulings. A U.S. appeals court last week overturned a major …
Posted: Jun 12, 2024
Executive Summary: While insurance leaders plan to use machine learning capability in their pricing and underwriting processes, only a small proportion actually have embraced the technology. They need to take the next step because these are essential...
Posted: Jun 12, 2024
PointeNorth Insurance Group, one of the largest independent insurance agencies in the Southeast, has acquired McCrary-Daniels Insurance, based in Douglas, Georgia. It’s the fifth acquisition this year and the second in southern Georgia, PointeN...
Posted: Jun 12, 2024
Allied American USA, a national claims management firm based in Tampa, is now a designated claims administrator for Lloyd’s of London. Allied, in business for more than 20 years, called the designation a “prestigious milestone,” all...
Posted: Jun 12, 2024
International specialty insurance firm Ryan Specialty has announced the appointment of Derek Pouliot to Chief Reserving Officer of Ryan Specialty Underwriting Managers (RSUM). RSUM is Ryan Specialty’s suite of managing general underwriters and nat...
Posted: Jun 12, 2024
As lobbyists for businesses and labor groups negotiate with Gov. Gavin Newsom’s administration on how to amend a unique California labor law that allows workers to sue their bosses, the two sides seem to agree on at least one puzzling …
Posted: Jun 12, 2024
A man who died in a house explosion six months ago outside the nation’s capital deliberately detonated gasoline canisters in his basement that caused the blast, authorities said Friday. Arlington County police in Virginia went to the home of 56...
Posted: Jun 12, 2024
A soaring demand for food delivered fast has spawned small armies of couriers — and increasing alarm — in big cities where scooters, motorcycles and mopeds zip in and out of traffic and hop onto pedestrian-filled sidewalks as their drivers …
Posted: Jun 12, 2024
A pair of businessmen were arraigned on multiple felony counts including insurance fraud, grand theft, and tax fraud after a California Department of Insurance investigation found they allegedly underreported over $29.2 million in payroll to illegall...
Posted: Jun 12, 2024
AM Best has upgraded Issuer Credit Ratings of Compagnie française d’assurance pour le commerce extérieur (la Compagnie), Coface North America Insurance Company (CNAIC) and Coface Re, and assigned a stable outlook. All the companies above are subsi...
Posted: Jun 11, 2024