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Arch Insurance Intl. names Kirsten Valder as Deputy CEO

Reinsurance News

Arch Insurance International, part of Bermuda based re/insurer Arch Capital Group Ltd., has appointed Kirsten Valder as its new Deputy Chief Executive Officer (CEO), effective immediately. Valder will be based in London and will continue to report...

Posted: Apr 23, 2024

Arthur J. Gallagher & Co. Acquires Australia’s Prasidium Credit Insurance

Insurance Journal

Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced the acquisition of Australia’s Prasidium Credit Insurance. Terms of the transaction were not disclosed. North Sydney-based Prasidium is a specialist trade cred...

Posted: Apr 23, 2024

Macquarie Insurance gains Lloyd’s coverholder status

Reinsurance News

Macquarie Insurance Facility has expanded its insurance capabilities after gaining approval as a Lloyd’s coverholder, and has subsequently partnered with Mosaic Insurance to write Transactional Liability Insurance on a delegated authority basis. T...

Posted: Apr 23, 2024

Grindr Sued in UK for Allegedly Sharing Users’ HIV Data With Ad Firms

Insurance Journal

Grindr Inc. was sued by users for sharing sensitive personal information, including their HIV status, with advertising companies in a London lawsuit. The LGBTQ+ app allegedly shared information to third parties for commercial purposes without the use...

Posted: Apr 23, 2024

WTW names Danielle Lombardo Chair of REHL Division, CRB NA

Reinsurance News

Global re/insurance broker WTW has announced the appointment of Danielle Lombardo as Chair, Real Estate, Hospitality, and Leisure (REHL) division, Corporate Risk and Broking (CRB) North America. With more than fifteen years of experience in the in...

Posted: Apr 23, 2024

Sanofi to Pay $100 Million to Settle Zantac Cancer Lawsuits

Insurance Journal

Sanofi will pay more than $100 million to settle about 4,000 lawsuits accusing the French drugmaker of failing to warn users that its Zantac heartburn medicine could cause cancer, according to people familiar with the deal. The settlement was announc...

Posted: Apr 23, 2024

Urgent need for predictive data to mitigate growing risks of hailstorms in Colorado: Arturo

Reinsurance News

A new report by Arturo, a property intelligence company offering AI-based solutions to insurers, has emphasised the urgent need for predictive data and science-based measures to mitigate the growing risks of hailstorms on homes in Colorado, one of...

Posted: Apr 23, 2024

Poll: Climate Change Concerns Grow, but Few Believe Biden’s Climate Law Will Help

Insurance Journal

A poll from the Associated Press-NORC Center for Public Affairs Research shows 45% of U.S. adults say they have become more concerned about climate change over the past year (six-in-10 Democrats and one-quarter of Republicans). However, the poll show...

Posted: Apr 23, 2024

Chubb to Acquire MGA Healthy Paws From Aon

Insurance Journal

Chubb said it is acquiring managing general agent Healthy Paws from Aon plc. Whitehouse Station, New Jersey-based Chubb has been the exclusive underwriter of Healthy Paws’ pet insurance program for Aon since 2013. Terms of the deal, expected to...

Posted: Apr 23, 2024

Investment Funds File New Suits Over Lighthouse Insurance Collapse in 2022

Insurance Journal

Three investment firms connected to some of the best-known names on Wall Street have upped the ante in a legal dispute over now-insolvent Lighthouse Property Insurance Corp., based in Tampa. Fortinbras Enterprises, the managing partner of which is th...

Posted: Apr 23, 2024

BNSF Says It Didn’t Know About Asbestos That’s Killed Hundreds in Montana Town

Insurance Journal

BNSF Railway attorneys told a Montana jury that the railroad should not be held liable for the lung cancer deaths of two former residents of an asbestos-contaminated Montana town, one of the deadliest sites in the federal Superfund pollution program....

Posted: Apr 23, 2024

Alliant Insurance Services Acquires Advanced Benefits in Idaho

Insurance Journal

Alliant Insurance Services, headquartered in Irvine, California, acquired Advanced Benefits, based in Coeur d’Alene, Idaho. Founded in 1993, Advanced Benefits offers employee benefit programs, and HR and compliance services. The entire Advanced...

Posted: Apr 23, 2024

Home Explosion in Maryland Sends 1 Man to Hospital

Insurance Journal

An explosion razed a home in suburban Baltimore, officials said, sending one person to the hospital for injuries and requiring aid from dozens of firefighters to douse the flames. Baltimore County fire officials said they were called to the scene &#8...

Posted: Apr 23, 2024

Home Explosion in Maryland Senda 1 Man to Hospital

Insurance Journal

An explosion razed a home in suburban Baltimore, officials said, sending one person to the hospital for injuries and requiring aid from dozens of firefighters to douse the flames. Baltimore County fire officials said they were called to the scene &#8...

Posted: Apr 23, 2024

Home Explosion in Maryland Injures 1, Requires 3 Crews to Douse Flames

Insurance Journal

An explosion razed a home in suburban Baltimore, officials said, sending one person to the hospital for injuries and requiring aid from dozens of firefighters to douse the flames. Baltimore County fire officials said they were called to the scene &#8...

Posted: Apr 23, 2024

Applied Underwriters’ United Risk Division hires Jay Cahill as CFO

Reinsurance News

United Risk Global, the international property and casualty insurance underwriting and distribution platform, and division of Applied Underwriters, has appointed Jay Cahill as Chief Financial Officer (CFO), effective May 1, 2024. The appointment w...

Posted: Apr 23, 2024

Navigating Today’s Cyber Market: Why Sustainability Is a Necessity

Risk & Insurance

The cyber insurance landscape of today will not be the cyber insurance landscape of tomorrow. With that in mind, responsible insurers are already keeping a finger on the pulse of today's challenges and working toward a sustainable future. T...

Posted: Apr 22, 2024

The Latest Launches: Click for Cyber Insurance

Carrier Management

The Latest Launches: Click for Cyber Insurance Corvus Insurance and Zywave re...

Posted: Apr 22, 2024

Universal Shield Launches ‘Bond Ramp’ Portal to Speed Surety Distribution Process

IIR

Built to fit a wide array of agency distribution systems and provide an intuitive experience, Bond Ramp delivers quotes in seconds for most commercial bonds, and the entire transaction can be completed in less than three minutes.

Posted: Apr 22, 2024

Tokio Marine HCC Selects Akur8’s Core Platform

IIR

The global specialty insurer seeks to expand its pricing capabilities and quickly build inuititive and explainable predictive models.

Posted: Apr 22, 2024

4 Key Takeaways from 10 Years of Work Comp Benchmark Study Data

Risk & Insurance

Condensing a decade of research with claims execs and frontline professionals, this white paper distills over 1,000 pages of text and data into just four (4) key takeaways for closing the claims performance gap. The post

Posted: Apr 22, 2024

Ignore Musk's Promise of Tesla Robotaxis

Insurance Thought Leadership

Ignore Musk's Promise of Tesla Robotaxis PaulCarroll Mon, 04/22/2024 - 15:41 The auto insu...

Posted: Apr 22, 2024

Jensten secures £170 million for growth

coverager

Jensten closed out 2023 having completed a total of 12 strategic acquisitions.

Posted: Apr 22, 2024

The Insurtech Guide

coverager

Explore the Insurtech Innovators Guide for a comprehensive overview of key players in the insurance technology landscape, just ahead of Carpe Data’s ‘Data in Paradise‘ event, scheduled for April 28-30...

Posted: Apr 22, 2024

Insurance Agent/Broker M&A Activity Hits 15-Quarter Low in Q1 2024

Risk & Insurance

Amid rising interest rates and elevated valuations, Q1 sees a slowdown in M&A activity in the insurance distribution sector, with a more diverse range of buyers emerging, according to a recent report by Optis Partners. The post

Posted: Apr 22, 2024

New Coalition Focuses on Climate Risk Impact on Workforce

Risk & Insurance

The National Commission on Climate and Workforce Health aims to guide employers in mitigating climate risk's impact on employee wellbeing and business performance. The post

Posted: Apr 22, 2024

Survey: Most Small Businesses Provide Regular Safety Training to Employees

Carrier Management

Survey: Most Small Businesses Provide Regular Safety Training to Employees A n...

Posted: Apr 22, 2024

Traditional Underwriting Models No Match for Evolving CAT Risks: Report

Carrier Management

Traditional Underwriting Models No Match for Evolving CAT Risks: Report The traditional ways...

Posted: Apr 22, 2024

People Moves: MGA Nexus Taps Willett From Barents Re as Head of Development; PoloWorks Appoints CNA...

Insurance Journal

This edition of International People Moves details appointments at Nexus Group and PoloWorks. A summary of these new hires follows here. MGA Nexus Taps Willett From Barents Re as Head of Development Nexus Group, the London-based specialty managing ge...

Posted: Apr 22, 2024

J&J, Kenvue Told to Pay $45 Million to Baby Powder User’s Family

Insurance Journal

Johnson & Johnson and Kenvue Inc. were ordered to pay $45 million to the family of an Illinois woman who blamed the companies’ baby powders for giving her a fatal cancer in what was the first verdict against the J&J …

Posted: Apr 22, 2024

What Do Countries and Companies Want in Global Plastic Treaty Talks?

Insurance Journal

Global leaders will gather in Canada’s capital this week to discuss progress in drafting a first-ever global treaty to rein in soaring plastic pollution by the end of the year. The hoped-for treaty, due to be agreed at the end …

Posted: Apr 22, 2024

Moody’s predicts strong growth in UK BPA market in 2024, boosting life insurers

Reinsurance News

Analysts at Moody’s Investors Service anticipate robust growth in the UK bulk purchase annuities (BPAs) market, projecting strong profits and capital gains for life insurers throughout 2024. Despite the influx of new capital, Moody’s predicts that...

Posted: Apr 22, 2024

Biggest Gold Theft in Canada’s History Leads to 9 Arrests

Carrier Management

Biggest Gold Theft in Canada’s History Leads to 9 Arrests Police said nine people are facing charges in...

Posted: Apr 22, 2024

Labor Organization Says Majority of Workers Around Globe at Risk Due to Climate Change

Carrier Management

Labor Organization Says Majority of Workers Around Globe at Risk Due to Cli...

Posted: Apr 22, 2024