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Spinnaker Veterans Launch Fronting Startup Emerald Bay With Backing From Bain Capital Emerald...
Posted: Apr 03, 2024
Swiss Re Names Berger as Group CEO, Succeeding Mumenthaler Swiss Re announced that Andreas Berger will...
Posted: Apr 03, 2024
Worst Taiwan Quake in 25 Years Kills at Least 7 With Dozens Injured Taiwan's strongest e...
Posted: Apr 03, 2024
Ship Owner in Bridge Collapse Seeks to Limit Its Liabili...
Posted: Apr 03, 2024
Howden Tiger, the reinsurance broking arm of Howden, has announced its rebranding to Howden Re, aligning with the company’s broader rebranding initiative launched in October 2023. This initiative aims to unify its global broking operations under t...
Posted: Apr 03, 2024
BOSTON (AP) — Lawyers representing migrants flown to Martha’s Vineyard nearly two years ago by Florida Gov. Ron DeSantis can sue the charter flight company that transported them, according to a ruling Monday by a federal judge in Boston. The &#...
Posted: Apr 03, 2024
Christa Davies, executive vice president and chief financial officer (CFO) for Aon, has chosen to retire in 2025 after more than 16 years at the firm. Davies joined Aon in 2007 and has served as CFO since 2008, overseeing the firm’s global f...
Posted: Apr 03, 2024
CHARLESTON, S.C. (AP) — For maybe the last time, Alex Murdaugh, in a prison jumpsuit instead of the suit he used to wear, shuffled into a courtroom Monday in South Carolina and was sentenced to 40 years in federal prison. …
Posted: Apr 03, 2024
Global insurance and reinsurance broker Aon has completed the acquisition of Global Insurance Brokers (GIB) in India, a move that significantly expands the firm’s existing capabilities in the country. GIB, a composite re/insurance brokerage...
Posted: Apr 03, 2024
Global re/insurance broker Howden has announced the promotion of Paul Hasib to the newly created role of Chief Placement Officer for the Corporate & Commercial pillar within Howden UK & Ireland, effective April 1, 2024. In his new role, Ha...
Posted: Apr 03, 2024
The Vermont Legislature is advancing legislation requiring big fossil fuel companies pay a share of the damage caused by climate change after the state suffered catastrophic summer flooding and damage from other extreme weather. The state Senate is e...
Posted: Apr 03, 2024
Alternative asset manager Blue Owl has announced it has agreed to acquire Kuvare Insurance Services LP (dba Kuvare Asset Management) (KAM) for $750 million, a deal that will support the launch of Blue Owl Insurance Solutions. KAM is a boutique inv...
Posted: Apr 03, 2024
Chemical manufacturer 3M will begin payments starting in the third quarter to many U.S. public drinking water systems as part of a multi-billion-dollar settlement over contamination with potentially harmful compounds used in firefighting foam and sev...
Posted: Apr 03, 2024
Zurich-based catastrophe insurance data provider PERILS AG has provided a second update on the insured loss estimate for the Australia Christmas Storms, which affected the states of Victoria, New South Wales, and Queensland, lifting the figure by...
Posted: Apr 03, 2024
Reflecting on the April 1 reinsurance renewals, James Vickers, Gallagher Re’s Chairman of International, says that reinsurers were looking “to grow their portfolios and therefore were relatively accommodating within the confines of the...
Posted: Apr 03, 2024
Arch Insurance (Bermuda) has announced the appointment of Robin Saul as Deputy Managing Director and Legal Counsel, as well three new Underwriting Managers, all with immediate effect. In her new role, Saul will be supporting Matthew Smith, Managin...
Posted: Apr 03, 2024
For Adria White, community is a big aspect of a successful risk management career. It’s why she’s adamant about working strategically with her team and the public entity risk management community in Nevada The post
Posted: Apr 03, 2024
Brera Partners, a Zurich-based private equity firm specializing in investments in the asset-light financial services sector, announced it has acquired 70% of the shares in Italian insurance broker GBSAPRI Group, with the strategy to drive consolidati...
Posted: Apr 03, 2024
Where increasingly severe weather meets growing populations, property damage from wind, hail and flood may seem inevitable. Fortunately, there’s much that property risk engineers can do. The post
Posted: Apr 03, 2024
Ardonagh Advisory has completed its previously announced acquisition of Westfield Brokers Ltd. Established in 2009 by Managing Director Peter Cowan, Westfield Brokers, which trades under the name of Westfield Insurance, is an independent commercia...
Posted: Apr 03, 2024
Global reinsurer capital rose by approximately 17% to $670 billion in 2023, with growth of 17% in traditional reinsurance capital and 16% growth in alternative capital to a new all-time high, according to insurance and reinsurance broker Aon. The...
Posted: Apr 03, 2024
A 7.2 magnitude earthquake struck 18km south of Taiwan’s Hualien city at 8am local time today, driving the strongest tremors to have hit the country in the last 25 years, and given the region’s relatively high levels of insurance penet...
Posted: Apr 03, 2024
Lloyd’s global (re)insurer MS Amlin has appointed Sam Geddes as Head of Reinsurance, subject to regulatory approval. On top of his new responsibilities, which include leading MS Amlin’s extensive reinsurance teams, Geddes will also retain his exis...
Posted: Apr 03, 2024
A Chinese-state intrusion last year of Microsoft Corp. technology that enabled hackers to gather US officials’ emails “should never have occurred,” according to a report released Tuesday from a government cyber review board. The Cyb...
Posted: Apr 03, 2024
Lloyd’s has appointed Malik Abbassi-Antoine as its General Representative for France and Monaco, and as its Country Manager for France, Luxembourg and Monaco, following the retirement of Guy-Antoine de La Rochefoucauld. Abbassi-Antoine has also be...
Posted: Apr 03, 2024
Posted: Apr 03, 2024
Posted: Apr 03, 2024
Executive summary: Snow melt flooding is an imminent threat in the U.S., but there are steps insurance professionals can take to mitigate their clients’ risk, says Richard Coyle, U.S. commercial director at FloodFlash. Catastrophic flooding is...
Posted: Apr 03, 2024
Specialty re/insurance provider Safety National Casualty Corporation has announced changes to the company’s executive and senior management structure, including Nick Kriegel appointment as Executive Vice President, Chief Innovation Officer, Genera...
Posted: Apr 03, 2024
American International Group, Inc. (AIG), a global insurer, has recently promoted Elie Oussi to the position of Senior Financial Lines Underwriter, FAC Reinsurance, GCC & North Africa (NA). In his new role, Oussi will collaborate with clients,...
Posted: Apr 03, 2024
Taiwan’s strongest earthquake in a quarter century leveled dozens of buildings on the eastern side of the island, killing at least nine people and disrupting semiconductor production at some of the world’s leading chipmakers. The quake hi...
Posted: Apr 03, 2024
Taiwan’s strongest earthquake in a quarter of a century leveled dozens of buildings on the eastern side of the island, killing at least four people and disrupting some chip production lines. The quake hit at 7:58 a.m. local time Wednesday ̷...
Posted: Apr 03, 2024
Taiwan’s strongest earthquake in a quarter century leveled dozens of buildings on the eastern side of the island, killing at least seven people and disrupting semiconductor production at some of the world’s leading chipmakers. The quake h...
Posted: Apr 03, 2024
Artex Risk Solutions has launched a new group captive designed to address risks for US transportation, trucking for hire, convenience store operators and petroleum marketers. According to the announcement, the group captive is a homogenous insuran...
Posted: Apr 03, 2024
Swiss Re announced that Andreas Berger will become group chief executive officer, effective July 1, 2024, taking over from Christian Mumenthaler, who will step down. “The board unanimously determined that Andreas Berger is the right person to b...
Posted: Apr 03, 2024
Applied Underwriters has appointed Gregg Holtmeier as Vice President (VP) of Strategic Development, to collaborate with the company’s team in M&A, corporate alliances and partnership relationships. Holtmeier is an industry veteran with o...
Posted: Apr 03, 2024
Global reinsurance giant Swiss Re announced today that Andreas Berger is being promoted to become its new Group Chief Executive Officer, effective July 1st 2024, taking over that position from Christian Mumenthaler, who will step down after 25 yea...
Posted: Apr 03, 2024
Emerald Bay Risk Solutions has launched as a property/casualty insurance fronting carrier, backed by Bain Capital Insurance and headed by a group of insurance veterans who have fronting experience. Calling itself a “collaborative underwriting c...
Posted: Apr 03, 2024
Emerald Bay Risk Solutions has launched as a property/casualty insurance fronting carrier, backed by Bain Capital Insurance and headed by a group of insurance veterans who have fronting experience. Calling itself a “collaborative underwriting c...
Posted: Apr 03, 2024