All Posts

Global insurance broker’s outlook stable for 2024 on strong organic growth: Moody’s

Reinsurance News

Moody’s predicts a 2024 stable outlook for the insurance brokerage sector, underpinned by constructive global economic growth, a favourable commercial property & casualty (P&C) rate environment, and stable EBITDA margins. According to Mood...

Posted: Mar 22, 2024

Trucks Using GPS Threaten Historic Covered Bridges Meant for Cars Only

Carrier Management

Trucks Using GPS Threaten Historic Covered Bridges Meant for Cars Only One of Vermont's historic covere...

Posted: Mar 22, 2024

DOJ Plans Crackdown on Pre-IPO Tech Investor Fraud

Carrier Management

DOJ Plans Crackdown on Pre-IPO Tech Investor Fraud The U.S. Justice Department's top prosecutor...

Posted: Mar 22, 2024

Job Shadowing Key to Employee Retention, Advancement

Carrier Management

Job Shadowing Key to Employee Retention, Advancement As...

Posted: Mar 22, 2024

Woodruff Sawyer opens New York office with six new team members

Reinsurance News

Woodruff Sawyer, one of the largest independent insurance brokers in the United States, is expanding its East Coast footprint with the addition of six new members, opening the firm’s first office in New York. The new team, formerly with Acrisure&#...

Posted: Mar 22, 2024

Chubb: Middle Market Companies Post Record Gains

Insurance Journal

Middle-market companies posted record economic growth and revenue gains in the second half of 2023, according to a recent indicator survey by Chubb. A record 77% of companies reported performance improvement in the last six months of 2023 — the &#823...

Posted: Mar 22, 2024

Apple Antitrust Suit Mirrors Strategy That Beat Microsoft, but Tech Industry Has Changed

Insurance Journal

The U.S. government’s antitrust lawsuit against Apple draws on the watershed 1998 case that broke Microsoft’s stranglehold on desktop software, but that may prove to be an imperfect blueprint for addressing smartphone competition. The mar...

Posted: Mar 22, 2024

Optimistic outlook for US insurance M&A market in 2024, says Sidley

Reinsurance News

Sidley Austin, a global law firm, has released its Global Insurance Review, offering an optimistic outlook for the US insurance mergers and acquisitions (M&A) market in 2024 following a challenging year in 2023. According to Sidley’s rep...

Posted: Mar 22, 2024

2024 Resilience Index Adds New Data on Global Risks

Risk & Insurance

The 2024 FM Global Resilience Index, with six new risk factors, guides businesses in strategic decision-making on property and operations in the most resilient business environment. The post

Posted: Mar 22, 2024

RGA announces 700bn JPY longevity asset-intensive reinsurance transaction with Japan Post Insurance

Reinsurance News

Reinsurance Group of America (RGA) has confirmed that it has reached an agreement with Japan Post Insurance Company (Kampo) for an RGA affiliate to reinsure an approximately 700 billion JPY in-force block of individual life annuities through coins...

Posted: Mar 22, 2024

Clearcover launches generative AI tool

coverager

The AI-driven solution utilizes large language models.

Posted: Mar 22, 2024

Ascent raises $5.3 million

coverager

Ascent enables financial institutions and their customers to securely and bidirectionally share internal and external financial information.

Posted: Mar 22, 2024

Pacific Life integrates with Employee Navigator

coverager

Pacific Life and Employee Navigator introduce innovations that transform traditional insurance operations.

Posted: Mar 22, 2024

AXIS promotes Kyle Freeman to Head of ILS

coverager

Freeman joined AXIS in 2021 as Head of ILS Structuring, Property.

Posted: Mar 22, 2024

Challenges to SEC’s Climate Rules Sent to Appeals Court

Insurance Journal

A U.S. judicial panel on Thursday consolidated at least nine lawsuits challenging the U.S. Securities and Exchange Commission’s new rules requiring public companies to report climate-related risks in a venue favored by Republican-led states and...

Posted: Mar 22, 2024

Vermont Communities Hit by Summer Flooding Seek $3.5M to Elevate 20 Homes

Insurance Journal

Two of the Vermont communities hardest hit by last summer’s catastrophic flooding have requested $3.5 million in state funding to elevate 20 homes in Barre and the capital city of Montpelier for flood victims who still need safe places to &#823...

Posted: Mar 22, 2024

California property insurance markets to continue facing pricing and availability pressures: ALIRT

Reinsurance News

With State Farm General Insurance Company (SFGIC) announcing it will be exiting more California property risks starting in mid-2024, ALIRT Insurance Research has noted that state homeowners and commercial property insurance markets will likely con...

Posted: Mar 22, 2024

Helios Underwriting NAV per share increases 22% in 2023

Reinsurance News

Lloyd’s focused investment vehicle Helios Underwriting has reported its unaudited pro-forma Net Asset Value (NAV) per share has increased to £1.85 – £137.2 million in Net Assets – in the quarter to December 31, 2023. Martin Reith, Chie...

Posted: Mar 22, 2024

China Scrutinizes PwC Role in $78 Billion Evergrande Fraud Case

Insurance Journal

Chinese authorities are examining the role of PricewaterhouseCoopers LLP in China Evergrande Group’s accounting practices after the developer was accused of a $78 billion fraud, ramping up pressure on the global accounting giant that audited a...

Posted: Mar 22, 2024

Liberty (LSM) promotes Anabella Frontado to Head of War & Terrorism, US & LatAm

Reinsurance News

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has recently announced the promotion of Anabella Frontado to the newly established position of Head of War & Terrorism for the US and Latin America (LatAm). In her new ro...

Posted: Mar 22, 2024

Everspan Group joins forces with Platinum Specialty Underwriters on excess transportation program

Reinsurance News

Everspan Group, the specialty property and casualty insurance platform, has partnered with Platinum Excess Trucking, a division of Platinum Specialty Underwriters on a new excess transportation program. Platinum Excess Trucking is a managing gener...

Posted: Mar 22, 2024

Looking to Bring AI Into Your Processes? Standardize Your Data First

Risk & Insurance

For a smooth, successful transition to AI and automation, professionals recommend that you consider the quality of your data first. The post

Posted: Mar 22, 2024

DLA Piper strengthens insurance team with Carl Hotton as new M&A partner

Reinsurance News

DLA Piper, a global law firm, has just announced the appointment of Carl Hotton as a new mergers and acquisitions (M&A) partner in its insurance team. In his new role, Hotton will primarily focus on advising leading international insurance mar...

Posted: Mar 22, 2024

People Moves: Massaro Joins Hartford in Northeast; Alliant Adds Spina in New York

Insurance Journal

The Hartford, headquartered in Hartford, Connecticut, appointed Matthew Massaro head of sales and underwriting for its middle and large commercial businesses’ Northeast division. Massaro has been with The Hartford for over 25 years, most recent...

Posted: Mar 22, 2024

TRUE receives ‘A’ rating from Demotech

Reinsurance News

Demotech, Inc., a rating agency and financial analysis firm, recently bestowed a Financial Stability Rating of ‘A’, Exceptional, to Trusted Resource Underwriters Exchange (TRUE), a reciprocal insurer established by American Family. The...

Posted: Mar 22, 2024

Aon launches Climate Risk Monitor to drive improved risk management & renewals decision making

Reinsurance News

Global re/insurance broker Aon has launched its Climate Risk Monitor, a tool to help clients visualize and understand their exposures to physical climate risk for better business decisions. Aon’s Climate Hub in Singapore developed the Climate Risk...

Posted: Mar 22, 2024

Yemen’s Houthis Tell China, Russia Their Ships Won’t Be Targeted

Insurance Journal

The Yemen-based Houthis have told China and Russia their ships can sail through the Red Sea and Gulf of Aden without being attacked, according to several people with knowledge of the militant group’s discussions. China and Russia reached an und...

Posted: Mar 22, 2024

Tech Update: Aon Launches Climate Risk Monitor to Aid Risk Mgmt, Renewal Decisions

Insurance Journal

Insurance broker Aon plc has launched its Climate Risk Monitor, a tool that helps clients visualize and understand their exposures to physical climate risk in order to enable better business decisions. The property insurance market is increasingly in...

Posted: Mar 22, 2024

Dale Holdings makes senior appointments to its Board

Reinsurance News

Dale Holdings Limited, the parent company of Dale Underwriting Partners Syndicate 1729, has appointed John Chambers, John Hastings-Bass, and Clare Hennings as Independent Non-Executive Directors to its Board. The new appointments follow Dale’s Oct...

Posted: Mar 22, 2024

CLARA adds Jeremy Johnson to its Board of Directors

Reinsurance News

CLARA Analytics has hired Jeremy Johnson, former Chief Executive Officer (CEO) of Protective Insurance, to its Board of Directors. In the role, Johnson is expected to further strengthen the company’s bench of industry veterans. Johnson is the form...

Posted: Mar 22, 2024

AM Best Downgrades and Withdraws Credit Ratings of Conifer in Michigan and Subsidiaries

Insurance Journal

AM Best downgraded the Financial Strength Rating to C (Weak) from B+ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “ccc” (Weak) from “bbb-” (Good) of Conifer Insurance Co. and White Pine Insurance Co. They...

Posted: Mar 22, 2024

AM Best Downgrades, Withdraws Credit Ratings of Conifer Insurance Group

Insurance Journal

AM Best downgraded the Financial Strength Rating to C (Weak) from B+ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “ccc” (Weak) from “bbb-” (Good) of Conifer Insurance Co. and White Pine Insurance Co. They...

Posted: Mar 22, 2024

Apple, Meta, Google to Face EU Digital Markets Act Probes: Sources

Insurance Journal

Apple, Meta Platforms and Alphabet’s Google are set to be investigated for potential violations of the European Union’s Digital Markets Act (DMA) that could lead to hefty fines by the end of the year, according to people with direct knowl...

Posted: Mar 22, 2024

Vivace Insurance Partners launches America segment, rebrands ADVA Specialty (HK)

Reinsurance News

Vivace Insurance Partners, a member of the +8 Partners ecosystem has announced the launch of Vivace Americas and the rebranding of ADVA Specialty (HK) Limited as Vivace Asia Pacific. Los Angeles-domiciled, Vivace Americas will be writing business...

Posted: Mar 22, 2024

South African Insurer Discovery in Talks With US Insurers to Expand

Insurance Journal

Discovery Ltd., South Africa’s biggest health insurance provider, is in talks with US peers to bring its flagship wellness program known as Vitality to their market. While Discovery has long had a relationship with John Hancock Life Insurance C...

Posted: Mar 22, 2024