All Posts
EY has appointed Alistair Brannan as its UK Head of Life and Pensions. In addition to his new role, he will also join the organisation’s UK insurance leadership team and remains Client and Markets Leader for EY’s financial services business...
Posted: Mar 13, 2024
Insurance Business Magazine - US
Posted: Mar 13, 2024
Insurance Business Magazine - US
Posted: Mar 13, 2024
Insurance Business Magazine - US
Posted: Mar 13, 2024
The new offer values the UK company at approximately £3,171 million.
Posted: Mar 13, 2024
Doctors across the US are stretching to keep their practices afloat as a debilitating cyberattack on a once little-known company at the center of the health-care system continues to cause havoc. The Feb. 21 attack against Change Healthcare, a subsidi...
Posted: Mar 13, 2024
Nord Stream is reportedly in pursuit of more than €400 million from UK insurance companies, including Lloyd’s of London, for refusing to cover the 2022 explosions that ruptured pipelines designed to transport Russian gas to Germany. The Swit...
Posted: Mar 13, 2024
Insurance agency Brown & Brown announced that its dealer services division has acquired the assets of DealerMax. DealerMax, founded in 1982 by Jim Maxim, Sr. as Maxim Automotive, serves car dealer customers in Pennsylvania and throughout the Nort...
Posted: Mar 13, 2024
Arch Reinsurance Group has announced the promotion of three senior executives, Jerome Halgan, Vanessa Hardy Pickering and Lester Pun, all effective April 1, 2024. Halgan, who has been with the company since 2009, will be taking over the role of Pr...
Posted: Mar 13, 2024
DeNexus, a provider of cyber risk modelling solutions, has recently appointed industry veteran Rosa Kariger to its Board of Directors, strengthening the company’s commitment to bridging the gap between enterprises managing risk and insurers...
Posted: Mar 13, 2024
Novatae Risk Group announced that it acquired the Lloyd’s broker Bretton Woods International (BWI) of London. The transaction is subject to applicable regulatory approval and is expected to close before the end of the second quarter. Terms of t...
Posted: Mar 13, 2024
Marsh Specialty’s 2024 Political Risk Report has highlighted how long-term uncertainty is stemming from macroeconomic competition and geopolitical insecurity, which is set to create even greater economic divergence between sectors and econom...
Posted: Mar 13, 2024
DWF, a provider of integrated legal and business services, is expanding its global insurance practice with the appointment of disease and casualty expert David Wynn as a new Partner. Taking over the role of Head of Casualty, Wynn will be based at...
Posted: Mar 13, 2024
British home and motor insurer Direct Line said on Wednesday it has rejected a revised buyout proposal from Belgium-based rival Ageas, saying it “significantly undervalued” the company. Direct Line said it had received the proposal on Mar...
Posted: Mar 13, 2024
British home and motor insurer Direct Line said on Wednesday it had rejected a higher buyout proposal from Belgium-based rival Ageas, saying it “significantly undervalued” the company. Direct Line said in a statement it had received the r...
Posted: Mar 13, 2024
Britain’s Direct Line said on Wednesday it had rejected a revised 3.17 billion pound ($4.06 billion) takeover bid from Belgian rival Ageas, repeating that it “significantly undervalued” the home and motor insurer. Direct Line, a hou...
Posted: Mar 13, 2024
HDI Global Specialty SE – Australia (HDI) has hired Paula Ritchie as Head of Single Risk – Australia and New Zealand, effective March 11, 2024. She joins the organisation with over 25 years of industry experience. She joins HDI followi...
Posted: Mar 13, 2024
Brit Ltd has launched Brit Cyber First50, a new $50m Primary Brit-led and managed Lloyd’s Consortium developed to improve the efficiency of cyber placement for large institutional clients with revenues of $10 billion or more. According to the firm...
Posted: Mar 13, 2024
Swiss Re has confirmed that at its 2024 Annual General Meeting of shareholders (AGM), its Board will propose to re-elect Jacques de Vaucleroy as a member of the Board of Directors and elect him as the new Chairman of the Board of Directors for a o...
Posted: Mar 13, 2024
International General Insurance Holdings Ltd. (IGI) has reported a 10.3 percentage point improvement in its combined ratio for Q4 2023 to 81.8% and growth in underwriting income to $43.5 million, as net income increased to $33 million in the perio...
Posted: Mar 13, 2024
The UK has failed to prioritize climate adaptation to risks such as floods and heat waves, putting British citizens and critical infrastructure in danger, an official assessment has found. A national adaptation plan, published last July, “falls...
Posted: Mar 13, 2024
No Need to Build Capacity in One Room: U.S. E&S...
Posted: Mar 13, 2024
As part of its digital transformation journey, property and casualty insurer Encova Insurance has selected Guidewire InsuranceSuite on Guidewire Cloud to power its core business and simplify its IT operations. Encova, a Guidewire customer since 20...
Posted: Mar 13, 2024
Aspida Life Insurance Company (Aspida), a life insurance and annuity company, has recently partnered with Flourish, a financial products provider, to distribute the Aspida Advisory Multi-Year Guaranteed Annuity (MYGA). The Aspida Advisory MYGA off...
Posted: Mar 13, 2024
Starr Insurance is set to launch Twin Maples Specialty, a division of Starr Specialty Lines Insurance Agency, LLC, based in Alpharetta, GA, that will initially offer professional liability and financial lines products. Twin Maples, which is expect...
Posted: Mar 13, 2024
Arete Adjusting, LLC (Arete), a Third Party Administrator (TPA), and member company of insurance ecosystem +8 Partners, has launched operations the North American claims market. By utilising people, technology, and its fellow +8 member companies,...
Posted: Mar 13, 2024
According to the recent executive survey conducted by Conning Insurance Research on artificial intelligence (AI) adoption within the insurance industry, 77% of respondents indicated they are in some stage of incorporating AI into their operations....
Posted: Mar 13, 2024
Tesla’s Autopilot and Full Self Driving technology and nine other assisted-driving systems marketed by major automakers received “poor” ratings from the U.S. Insurance Institute for Highway Safety in a new study released on Tuesday....
Posted: Mar 13, 2024
A hedge fund that last year delivered its best result ever thanks to catastrophe bonds is now scaling back its position, based on a bet that the market is headed for a rough patch. Tenax Capital, which has a €100 …
Posted: Mar 13, 2024
Last October, an Idaho farmer using a backhoe punched a hole into a 22-inch pipeline buried under a field, sending more than 51 million cubic feet of natural gas hissing into the air. While the incident on Williams Companies’ Northwest …
Posted: Mar 13, 2024
The investment manager trying to buy Everton FC is being sued by a creditor who wants to stop the firm from transferring two subsidiaries, claiming that the transaction was designed to “shield” the assets. Obra Capital said in a New ̷...
Posted: Mar 13, 2024
A former Georgia insurance commissioners’ efforts to dismiss insurance fraud and money laundering charges against him have run their course. John Oxendine must face trial starting April 15, a federal judge has decided. A pretrial conference is...
Posted: Mar 13, 2024
New York Attorney General Letitia James has announced the guilty pleas and sentencing of nine members of a Bronx car theft ring for their roles in the theft of 45 vehicles during a six-month period from April to October 2020. …
Posted: Mar 13, 2024
To aid recovery efforts in San Diego County following the January storms, FEMA, the California Governor’s Office of Emergency Services and local partners continue to work together to bring relief to affected communities. In just three weeks sin...
Posted: Mar 13, 2024
California Insurance Commissioner Ricardo Lara appointed new members and reappointed members to several state insurance boards and committees. New appointments include Ronald Coleman Baeza to the California Life and Health Insurance Guarantee (CLHIGA...
Posted: Mar 13, 2024
Workers' comp payers and providers know that injured workers need access to behavioral health services, but an ongoing shortage of qualified providers continues to delay care and prolong recovery timelines. A new, dedicated telemedicine initiative...
Posted: Mar 12, 2024
Report: Ransomware Attacks ‘More Frequ...
Posted: Mar 12, 2024
Mark McKinney, VP of market intelligence at Gryphon.ai, joins us to discuss how recent robocall laws in the U.S. will affect how insurers do business.
Posted: Mar 12, 2024
If your manufacturing clients are seeing cyber premiums increase, more ransomware incidents could be why.
Posted: Mar 12, 2024
Insurance industry news from NFP, Coalition, MarshBerry and more.
Posted: Mar 12, 2024
More people going back to offices means rush-hour traffic is getting slower and drives are taking longer.
Posted: Mar 12, 2024
Among 14 driving systems with partial automation that were tested, only one earned an acceptable rating from IIHS.
Posted: Mar 12, 2024
The partnership enables clients to harness advanced analytics, machine learning, and AI capabilities, empowering them to make data-driven decisions, improve pricing strategies, optimize product offerings, and manage risk more effectively.
Posted: Mar 12, 2024
Krispin is responsible for leading R&D processes, driving innovation initiatives and fostering a product-oriented and agile organizational culture.
Posted: Mar 12, 2024
Affirmations accounted the majority of rating actions taken by AM Best in 2023.
Posted: Mar 12, 2024