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The move will develop a fresh pipeline of insurance broking talent.
Posted: Apr 19, 2024
This edition of International People Moves details appointments at Lloyd’s syndicate AEGIS London and Markel, the insurance operations within Markel Group. A summary of these new hires follows here. AEGIS London Hires AIG’s Johnson and La...
Posted: Apr 19, 2024
Heavy rainfall, storms, and widespread flooding hit Southwestern Asia, notably the United Arab Emirates (UAE), between April 8-17, causing significant economic and insured losses estimated to potentially reach into the hundreds of millions of USD,...
Posted: Apr 19, 2024
Maritime Law Invoked By Ship Owner in Baltimore Bridge Collapse to Cover Salvage Costs The owner of t...
Posted: Apr 19, 2024
Posted: Apr 19, 2024
James River Group Holdings Ltd. announced that Fleming Intermediate Holdings has completed the $277 million acquisition of James River’s casualty reinsurance business – after a period of legal wrangling that had threatened to derail the deal. T...
Posted: Apr 19, 2024
Speaking during the Marsh McLennan Q1 2024 earnings call, Dean Klisura, CEO of reinsurance broker Guy Carpenter, explained that US casualty was challenging at the April 1st, 2024, renewals, with reinsurers “exerting pressure on pricing and t...
Posted: Apr 19, 2024
Amidst evolving regulations and market competition, the D&O and cyber liability insurance sectors are seeing rates level off, reports BRP Group. The post
Posted: Apr 19, 2024
The strong growth in the number of new licences the Cayman Islands Monetary Authority (CIMA) has issued in the first quarter of 2024 is encouraging, as it demonstrates the region continues to attract new reinsurers, recent statistics have revealed...
Posted: Apr 19, 2024
Chubb said it has promoted Melissa Scheffler to chief operating officer of Personal Risk Services (PRS). Currently, Scheffler serves as regional executive officer for the Mid-Atlantic region. In a corresponding move, Bryce Graham, who currently serve...
Posted: Apr 19, 2024
ST. LOUIS (AP) — Strong storms caused damage in parts of the middle U.S. this week and spawned tornadoes in Kansas and Iowa, including one that left two people hurt. An EF-1 tornado touched down shortly after 6 a.m. Tuesday …
Posted: Apr 19, 2024
LEXINGTON, Ky. (AP) — A Kentucky spokeswoman says the school is “distressed to hear disturbing allegations” of sexual assault by former swimming and diving coach Lars Jorgensen outlined in a lawsuit by two former team members and will coo...
Posted: Apr 19, 2024
HOUSTON (AP) — Attorneys for rap star Travis Scott argued in court this week that he should be dismissed from hundreds of lawsuits filed over the deadly 2021 Astroworld festival, saying he was not responsible for safety planning and watching …
Posted: Apr 19, 2024
Moody’s has changed the outlook of Peak Reinsurance Company Ltd. to stable from negative along with affirming the firm’s insurance financial strength rating (IFSR) as Baa1. The outlook change is attributed to Moody’s view that co...
Posted: Apr 19, 2024
Federal workplace safety inspectors found a Kansas roofing contractor again putting its employees at risk of falls from elevation — the construction industry’s deadliest hazard — by not providing required protective equipment at two residential...
Posted: Apr 19, 2024
Inszone Insurance Services announced the strategic acquisition of Talerity, LLC, a specialized insurance agency focusing on professional liability for medical providers. Founded in 2008 by Cary Smith, Talerity has carved a niche in the insurance land...
Posted: Apr 19, 2024
TYBEE ISLAND, Ga. (AP) — Thousands of Black college students expected this weekend for an annual spring bash at Georgia’s largest public beach will be greeted by dozens of extra police officers and barricades closing off neighborhood streets. W...
Posted: Apr 19, 2024
The latest people news in the industry today The post Rich Soja Appointed as Global Head of Marine at Allianz Commerci...
Posted: Apr 19, 2024
The latest people news in the industry today. The post Chres Lee Appointed as Head of Transactional Liability...
Posted: Apr 19, 2024
The latest people news in the industry today. The post Nick Kriegel Promoted to EVP, Chief...
Posted: Apr 19, 2024
The latest hiring announcement in the industry today. The post Marsh Appoints Megan McClellan as Southeast Zone Leader appea...
Posted: Apr 19, 2024
A former Congressman from North Carolina may soon be facing higher auto insurance premiums after he slammed into the back of a Florida state trooper’s patrol car on Interstate 75 near Naples. Madison Cawthorn, 28, who represented part of North...
Posted: Apr 19, 2024
Managing general agent (MGA) Pen Underwriting has announced a new strategic partnership with global re/insurer SiriusPoint, in support of the specialist housing association sector, with a long-term capacity deal. According to the announcement, the...
Posted: Apr 19, 2024
Insurance Business Magazine - US
Posted: Apr 19, 2024
Insurance Business Magazine - US
Posted: Apr 19, 2024
Matic’s insurance marketplace will be integrated into the USA Mortgage home lending experience.
Posted: Apr 19, 2024
Rainbow offers insurance solutions for restaurants.
Posted: Apr 19, 2024
The program was launched in 2022.
Posted: Apr 19, 2024
Tesla is recalling 3,878 Cybertrucks to fix an accelerator pedal pad that could come loose and get lodged in the interior trim, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. A trapped accelerator pedal could cause th...
Posted: Apr 19, 2024
Global non-life specialty insurer R&Q Insurance Holdings Ltd (R&Q) has announced the addition of Stephen Welch and Lawrence Hirsh to its Board as Non-Executive Directors. Having worked for financial sponsors and investors in both executive...
Posted: Apr 19, 2024
U.S. gun manufacturers on Thursday asked the U.S. Supreme Court to hear their challenge to Mexico’s $10 billion lawsuit seeking to hold them responsible for facilitating the trafficking of firearms to violent drug cartels across the U.S.-Mexico...
Posted: Apr 19, 2024
USQRisk, headquartered in New York City, hired Ashleigh Sears as the company’s Head of Casualty. She is tasked with growing distribution networks, scaling in-force structured casualty portfolio and building the casualty underwriting team. Befor...
Posted: Apr 19, 2024
A recent report from Swiss Re Institute has highlighted how four climate-related weather perils – floods, tropical cyclones, winter storms in Europe and severe thunderstorms, that now cause annual losses of USD 200 billion, are said to be “i...
Posted: Apr 19, 2024
Hundreds of Vermont farms are still recovering from last July’s catastrophic flooding and other extreme weather as they head into this year’s growing season. Dog River Farm, in Berlin, Vermont, lost nearly all its produce crops in the Jul...
Posted: Apr 19, 2024
Chinese government-linked hackers have burrowed into U.S. critical infrastructure and are waiting “for just the right moment to deal a devastating blow,” FBI Director Christopher Wray said on Thursday. An ongoing Chinese hacking campaign...
Posted: Apr 19, 2024
Intact Insurance Specialty Solutions, the U.S. insurance subsidiary of Intact Financial Corporation, has named Scott Reinke as the Chief Underwriting Officer (CUO) for its Transactional Surety team. In the new role, Reinke’s remit will inclu...
Posted: Apr 19, 2024
Allstate Corporation estimated pretax catastrophe losses of $731 million, with $328 million from the month of March. Six events contributed to the $343 million total for March — before favorable reserve re-estimates brought down the total. One hail e...
Posted: Apr 19, 2024
After several years of significant increases in insurance costs, followed by weighty decreases over the past 18 months, organisations are beginning to see a leveling off in premiums for both Directors & Officers (D&O) and cyber insurance,...
Posted: Apr 19, 2024
Insurance broker The Clear Group has appointed Mandy Hunt as the Managing Director of its MGA business, subject to regulatory approval. Hunt joins the main Clear Group operating board, and brings significant experience from several leadership role...
Posted: Apr 19, 2024
Liberty Mutual Insurance announced strategic updates in its ongoing restructuring of Global Risk Solutions (GRS), the company’s global commercial and specialty re/insurer and international insurance operations. The restructuring includes the cr...
Posted: Apr 19, 2024
Gallagher Re’s Q1’24 Natural Catastrophe and Climate Report underscores the critical need for the insurance industry to evaluate unexpected factors that extend event loss behaviour, while also addressing the growing challenge of social...
Posted: Apr 19, 2024
Legacy acquirer DARAG Insurance Guernsey Limited (DIGL) has announced it is to acquire a Cayman Islands-based re/insurance captive. The firm has signed a sale and purchase agreement (SPA) for a re/insurance captive from a very large multinational...
Posted: Apr 19, 2024
“Innovation” may be the latest industry buzzword, but what does it truly mean for insurers? The post At In2Leade...
Posted: Apr 19, 2024
Plans by Britain’s financial regulator to require firms to set targets for improving diversity could be counterproductive, UK business and women minister Kemi Badenoch said on Thursday. The Financial Conduct Authority (FCA) and the Bank of Engl...
Posted: Apr 19, 2024