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RLI Corp., the specialty insurer, has promoted Kerrick Porter to the role of Vice President, RLI Executive Products Group, effective May 17, 2024. Porter will take over the role from Chad Berberich, who will be retiring on May 17 2024 after 21 ye...
Posted: Mar 01, 2024
According to analysts at J.P. Morgan, mergers and acquisitions (M&A) could be making a return to the Lloyd’s space. Historically, there was a lot of M&A activity in this market, with analysts highlighting that the number of listed Lloyd...
Posted: Mar 01, 2024
Insurance Business Magazine - US
Posted: Mar 01, 2024
Fidelis Insurance Holdings Limited, the Bermuda-domiciled re/insurer, has reported underwriting income of $327.3 million and a combined ratio of 82.1% for the full-year 2023, compared to $120.4 million and a combined ratio of 91.9% a year earlier,...
Posted: Mar 01, 2024
Aon has announced the appointment of Tracy Lee Kus as Head of North Asia, comprising Japan and Korea, with immediate effect. In the new role, Kus will reportedly work closely with Tatsuya Yamamoto, Head of Aon Japan, and Kevin Kim, Head of Aon Kor...
Posted: Mar 01, 2024
State Farm Underwriting Loss Climbs to $14B When State Farm reported a $13 billion underwriting loss for 2022, i...
Posted: Mar 01, 2024
Posted: Mar 01, 2024
Insurance and reinsurance broker Miller’s expansion into the parametric insurance market will be led by Alice Glenister, who joins the firm from Mastercard where she was Director of Insurance. Miller’s newly formed parametric team will...
Posted: Mar 01, 2024
Global insurance and reinsurance broking group Marsh McLennan has appointed David Liston as the Chief Commercial Officer (CCO), US and Canada, effective immediately. He will have a dual line of reporting to Pat Tomlinson, Chief Executive Officer,...
Posted: Mar 01, 2024
Apollo and Innovative Risk Labs have partnered to launch “first-of-its-kind” insurance product JustParent, a novel solution that aims to de-risk parental leave for small and medium sized UK businesses. JustParent was designed to enable businesses...
Posted: Mar 01, 2024
Elizabeth Gore is fighting for survival. Just six months ago, the founder of financial technology startup Hello Alice was getting ready to close an investment round to grow its business offering grants and networking opportunities to entrepreneurs fr...
Posted: Mar 01, 2024
Despite concerns over the frequency of failures in the global Battery Energy Storage Systems (BESS) market, insurers are increasingly ready to support the sector, a new report reveals. The report, titled “Batteries Not Excluded: Getting the...
Posted: Mar 01, 2024
Flood specialist JBA Risk Management has warned about the risks associated with the failure to use good quality data and sophisticated climate change intelligence to understand the impact of floods on physical assets that would impact investors’ p...
Posted: Mar 01, 2024
Bankrupt drugmaker Endo International will pay up to $465 million to settle the federal government’s law enforcement, tax, and healthcare cost claims, the U.S. Department of Justice said on Thursday. The settlement removes Endo’s largest...
Posted: Mar 01, 2024
UnitedHealth Group said on Thursday the recent cyberattack at its tech unit, Change Healthcare, was perpetrated by hackers who identified themselves as the “Blackcat” ransomware group. The statement confirms a Reuters report on Monday. Un...
Posted: Mar 01, 2024
High levels of “forever chemicals,” including poly-fluoroalkyl, or PFAS compounds, have been found in northeastern Tennessee rivers and drinking water supplies, likely from wastewater sludge that is spread on farms as fertilizer, the Sier...
Posted: Mar 01, 2024
Maryland Attorney General Anthony G. Brown reported that his Opioids Enforcement Unit has finalized settlements with Teva, Allergan, Walmart, and Walgreens, after multi-year investigations of these opioids-makers’ or chain pharmacies’ inv...
Posted: Mar 01, 2024
A Delaware woman will serve 5 to 10 years in state prison for a workers’ compensation scam that spanned 2½ years, two states, and cost a Pennsylvania employer more than $170,000, according to Pennsylvania Attorney General Michelle Henry. Victor...
Posted: Mar 01, 2024
A Delaware woman will serve 5 to 10 years in state prison for a workers’ compensation scam that spanned 2.5 years, two states, and cost a Pennsylvania employer more than $170,000, according to Pennsylvania Attorney General Michelle Henry. Victo...
Posted: Mar 01, 2024
Alliant Insurance Services hired Frank Ross as vice president within its Alliant Americas division. Ross joins Alliant with a property/casualty insurance background encompassing risk management, cyber liability, and executive liability. Before joinin...
Posted: Mar 01, 2024
Insurtech Blink Parametric has partnered with cyber risk specialist Buckler México to support the rollout of its Blink Cyber solution to Ethics Data Analytics – a leader in risk management solutions in the region – to combat identity t...
Posted: Mar 01, 2024
Sixteen railroad freight cars carrying corn derailed early Wednesday under a key railroad overpass in the northeast Nevada city of Elko, but no injuries were reported and no hazardous materials were involved, authorities said. The Union Pacific train...
Posted: Mar 01, 2024
Today’s risk environment demands financial lines products tailored to today’s complex exposures. The post
Posted: Mar 01, 2024
In this fictive scenario, a candy company learns that not all business decisions lead to a sweet outcome. The post Cut and Run appeared first on
Posted: Mar 01, 2024
While current flight and maintenance crew talent shortages are impacting aviation operations, the industry is still one of the most heavily regulated. Partnering with an insurer that understands the sector’s strengths and weaknesses can add tremen...
Posted: Mar 01, 2024
Posted: Mar 01, 2024
While the hard market has cut deep into nearly every insurance market, the scale and magnitude of its impact on the bread and butter of personal lines has turned what was once a simple product into a nightmare.
Posted: Mar 01, 2024
While the hard market has cut deep into nearly every insurance market, the scale and magnitude of its impact on the bread and butter of personal lines has turned what was once a simple product into a nightmare.
Posted: Feb 29, 2024
Insurance Business Magazine - US
Posted: Feb 29, 2024
The latest insurance industry personnel news from Acrisure Re, CRC Group, Clyde & Co and more.
Posted: Feb 29, 2024
A panel of scam fighting experts also detailed the role agents and brokers play in stopping insurance fraud during a recent 'Wednesday with Woodward' event.
Posted: Feb 29, 2024
Severe weather events are forcing an unprecedented shift in the insurance industry, as the instances of extreme events like, severe convective storms, hurricanes and wildfires gain in frequency and severity.
Posted: Feb 29, 2024
The Neon platform has formally joined Hawksoft’s API partner program through API integration between the HawkSoft Insurance Platform and b atomic!’s Neon.
Posted: Feb 29, 2024
Chris Lafond and Greg Penn, Insurity’s VP of Operations and Valen alumnus, talk with IIR about industry trends and the company’s deep roots in AI.
Posted: Feb 29, 2024
March 1 is Employee Appreciation Day. Here are some tips on how to make your employees feel valued year-round.
Posted: Feb 29, 2024
The collaboration is focused on enabling Chubb Claims documents to be automatically digitized, eliminating the need for manual intervention.
Posted: Feb 29, 2024
Embracing digital innovation not only enhances operational efficiency but also propels insurers toward the future.
Posted: Feb 29, 2024
The co-founders of Lula are now working to transform their company into one that sells generative AI to the insurance sector.
Posted: Feb 29, 2024
There is no excerpt because this is a protected post. The post Protected: Financi...
Posted: Feb 29, 2024
The data from FLIP's report offers valuable insights for small to mid-sized operators in the food industry, helping them benchmark their claims experience and prospects for business growth The post
Posted: Feb 29, 2024
Gas Stoves May Emit More Nanoparticles Than Car Exhausts, and Other Risk Al...
Posted: Feb 29, 2024