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LIVINGSTON — Clinton Jones looked across the emergency shelter Friday. His children were going stir crazy. His wife, Samantha, and mother-in-law, Lee Farrell, were making the best of the cots and blankets they received from the Red Cross. The 27-year...
Posted: May 07, 2024
Acrisure, the Grand Rapids, Michigan-based insurance broker and fintech specialist, announced it has completed two acquisitions, expanding its southern England region, which is managed by Sutton Winson, Acrisure’s largest UK acquisition to date...
Posted: May 07, 2024
Kevin Rampe from Chubb shares insights on the future of claims management, focusing on the synergy between skilled professionals and advanced digital tools, the role of empathy in claims service, and the impact of data analytics on decision-making...
Posted: May 07, 2024
Jack Kuhn of Westfield Specialty shares his insights on the shifting dynamics of the insurance market, focusing on the opportunities and challenges in casualty and auto insurance lines. The post
Posted: May 07, 2024
SABINA, Ohio (AP) — It was just after dark as Ross Woodruff hopped into a truck to haul soybean seeds out to his brother, Mark, whose planter had run out. It was the first day they could plant after heavy …
Posted: May 07, 2024
MEDVIDA Partners, a Spanish life insurance company specialised in the acquisition, integration and optimization of life insurance businesses, has completed the acquisition of Sa Nostra Vida from VidaCaixa. Through this transaction, which was annou...
Posted: May 07, 2024
Ambac’s Everspan has reportedly produced a 98.4% combined ratio in Q1 of 2024, much improved compared to the 121.9% disclosed in the opening quarter of 2023. At the same time, Everspan’s gross premium written (GPW) and net premium written (N...
Posted: May 07, 2024
Blackstone, the alternative asset manager, has appointed Philip Sherrill as the Global Head of Insurance. In this role, Sherrill’s remit focuses on growing the firm’s insurance platform globally, working closely with Gilles Dellaert, Global...
Posted: May 07, 2024
Truist Financial Corporation today said it completed the previously announced sale of its remaining stake in Truist Insurance Holdings, the fifth largest insurance brokerage in the United States, to an investor group led by private equity firms Stone...
Posted: May 07, 2024
In an interview with China Daily, Thierry Leger, Chief Executive Officer (CEO) of French reinsurer SCOR, stated that the company will “massively” boost investments in the Chinese market to capture the country’s long-term growth p...
Posted: May 07, 2024
Insurance Business Magazine - US
Posted: May 07, 2024
Class Action Settlements Flooded With Fraudulent Claims by Scammers Artsana, a maker of child car booster...
Posted: May 07, 2024
Rising Prices, Low Satisfaction Drive 49% of Customers to Shop...
Posted: May 07, 2024
Are High Insurance Premiums Holding EVs Back? Auto Insurance ClareCarroll1 Tue, 05/07/...
Posted: May 07, 2024
OKRs Need a Champion to Get Results Leadership ClareCarroll1 Tue, 05/07/2024 - 09:40
Posted: May 07, 2024
Underwriters Will Thrive With APIs Underwriting ClareCarroll1 Tue, 05/07/2024 - 09:34
Posted: May 07, 2024
U.S. auto safety investigators are seeking detailed answers and documents from Tesla in a probe into the automaker’s December recall of more than 2 million vehicles to install new Autopilot safeguards. The National Highway Traffic Safety Admini...
Posted: May 07, 2024
The global specialty re/insurance firm, Chaucer and global specialist insurer Tokio Marine Kiln (TMK) have been chosen as new capacity partners by Casper Specialty UK Limited, a casualty-focused MGA, post a successful launch and continued growth,...
Posted: May 07, 2024
The Evolving Landscape of Cybersecurity Cyber ClareCarroll1 Tue, 05/07/2024 - 09:28...
Posted: May 07, 2024
ATLANTA (AP) — Georgia’s governor on Thursday signed a bill putting new regulations on the production and sale of products containing kratom, a plant-based supplement. The law, which takes effect Jan. 1, prohibits the sale of kratom to anyone u...
Posted: May 07, 2024
A Dispatch from Insurtech Survivor Island Going Digital ClareCarroll1 Tue, 05/07/2024 -...
Posted: May 07, 2024
In response to escalating natural catastrophes and rising insured losses, Moses Ojeisekhoba, Chief Executive Officer of Global Clients & Solutions at Swiss Re, stresses the urgent need for society to leverage advanced data-driven insights to d...
Posted: May 07, 2024
The Long Game of Inflation – Dynamic Portfolio Strategies Leadership ClareCarroll1 Tue, 05...
Posted: May 07, 2024
One child was killed and another injured when a bounce house was swept up by wind in Casa Grande, Arizona, in what local authorities called “a tragic accident.” Saturday’s fatality occurred after a strong gust sent the inflatable to...
Posted: May 07, 2024
Swedish mining company Boliden has confirmed that the primary insurance company has fully assumed its part of the insurance claim following the June 2023 fire at the Rönnskär smelter, a major producer of copper, zinc, lead and other metals. For th...
Posted: May 07, 2024
Reinsurance Group of America (RGA), a global life and health reinsurer, has reported a consolidated net premium increase of 58.8% to $5.4 billion for Q1 2024. This included a $1.9 billion contribution from a single premium pension risk transfer tr...
Posted: May 07, 2024
Australia’s Qantas Airways agreed to pay A$120 million ($79 million) to settle a regulator lawsuit over the sale of thousands of tickets on already canceled flights, in an attempt to end a reputational crisis that has engulfed the airline. The...
Posted: May 07, 2024
Truist Financial Corporation has completed the sale of its remaining stake in Truist Insurance Holdings (TIH), the fifth largest insurance brokerage in the US, to an investor group led by private equity firms Stone Point Capital, Clayton, Dubilier...
Posted: May 07, 2024
The European Union has proposed restrictions on 11 vessels that contribute to Russia’s ability to sustain its war against Ukraine. The proposed measures, if approved by member states, would ban the ships from accessing EU ports and anchorage zo...
Posted: May 07, 2024
The Hanover Insurance Group, Inc. has reported net income of $115.5 million for Q1 2024, compared to a net loss of $12 million in the prior-year quarter. The firm’s operating income was $111.9 million for the quarter, compared with $4.6 million in...
Posted: May 07, 2024
HSB announced the opening of a new office location in Al-Jubail, Saudi Arabia, on May 6. “One of our strategic priorities is to increase accessibility to HSB’s inspection and engineering services, particularly in growing markets such as S...
Posted: May 07, 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has introduced a new cyber insurance endorsement designed to help public organisations manage the costs associated with the U.S. Securities and Exchan...
Posted: May 07, 2024
Insurance Business Magazine - US
Posted: May 07, 2024
Insurance Business Magazine - US
Posted: May 07, 2024
Acrisure, a global Fintech company, has announced the acquisitions of Financial and Credit Insurance Services Ltd (FinCred) and Global Broking Solutions (GBS), managed by the Sutton Winson team, marking a significant expansion of the company’s foo...
Posted: May 07, 2024
In their results for the first quarter of 2024, CNA Financial Corporation has reported a net income of $338 million, compared to a net income of $297 million in the prior year quarter. The firm’s property & casualty (P&C) segments pr...
Posted: May 07, 2024
Global re/insurer Markel Group Inc. has reported growth of 23% in operating revenue to $4.47 billion and operating income growth of 77% to $1.33 billion, primarily driven by its investment engine, for the first quarter of 2024. The company has rep...
Posted: May 07, 2024
Maiden Holdings, Ltd. has entered into a renewal rights transaction with AmTrust Nordic AB, the Swedish subsidiary of AmTrust Financial Services, Inc. to cover the majority of its primary business written through its subsidiaries, Maiden General F...
Posted: May 07, 2024
Hannover Re CEO Jean-Jacques Henchoz anticipates further earnings growth following a string of successful financial years in the firm’s most recent strategy cycle. During Hannover Re’s Annual General Meeting, Henchoz underlined the fir...
Posted: May 07, 2024
Applied Systems has released first quarter 2024 results of the Applied Rating Index, which shows that average premiums for both Personal Auto lines and Personal Property lines increased year over year, while quarter over quarter, premium rate chan...
Posted: May 07, 2024
Quadrant Insurance Managers and Verve Risk Services have announced the next phase of their long standing partnership, with Quadrant assuming the role of exclusive regional partner for Verve. This partnership will focus on managing risks located sp...
Posted: May 07, 2024
Arch Insurance International, part of Arch Capital Group Ltd. has promoted Barbara Rizzi to Chief Claims Officer, effective immediately, based in London. She will report to Kirsten Valder, Deputy Chief Executive Officer, Arch Insurance Internation...
Posted: May 07, 2024