All Posts
Rear Seat Belt Reminders Required in All Vehicles in the U.S. by 2027 The U.S. Transportation Departmen...
Posted: Dec 17, 2024
International Financial Reporting Standards (IFRS) 17 introduced a new way of financial reporting for insurers and reinsurers, fundamentally changing how they recognise and measure insurance contracts. While this new standard promises greater tran...
Posted: Dec 17, 2024
DAC Beachcroft, an international law firm, continues its global expansion with the launch of new offices in New York and Los Angeles, marking its entry into the US market, effective 1 January 2025. The new offices will combine insurance-focused te...
Posted: Dec 17, 2024
Atlanta-based PointeNorth Insurance Group, a broker and agency specializing in commercial insurance, including transportation, construction and condominium coverage, has continued its rapid pace of growth with the addition of another Georgia agency....
Posted: Dec 17, 2024
The U.S. Transportation Department said Monday it will require rear seat reminder systems to boost seat belt use starting in late 2027 in all new cars and trucks in an bid to reduce traffic crash deaths and injuries that have …
Posted: Dec 17, 2024
Artificial intelligence is at the center of Experian’s annual breach forecast due to its enabling capabilities. Michael Bruemmer, vice president of global data breach resolution at information services company, said that while ransomware and br...
Posted: Dec 17, 2024
Insurance and reinsurance broker Gallagher has appointed Paul Bassett as CEO of Crisis Management and Simon Brookes as CEO of Financial Lines within its Specialty division, both reporting to Jonathan Turner, CEO of Gallagher Specialty. Julian Wall...
Posted: Dec 17, 2024
Insurance Business Magazine - US
Posted: Dec 17, 2024
Insurance Business Magazine - US
Posted: Dec 17, 2024
Insurance Business Magazine - US
Posted: Dec 17, 2024
AXIS and Enstar have entered into a loss portfolio transfer reinsurance agreement covering a portfolio of reinsurance segment business.
Posted: Dec 17, 2024
AXA UK will become the exclusive underwriter of car and van insurance for Lloyds Banking Group customers.
Posted: Dec 17, 2024
The insurer now serves drivers in 35 states, covering more than 77% of the US population.
Posted: Dec 17, 2024
The American Atlantic Assurance Company is headquartered and domiciled in Malta.
Posted: Dec 17, 2024
Insurance brokerage Trucordia reports that its most recent acquisition is the Richard King Insurance Agency, a family-owned brokerage firm in Powhatan, Virginia. The Richard King Insurance Agency has been offering personal and commercial insurance in...
Posted: Dec 17, 2024
McGill and Partners, the independent specialty insurance and reinsurance broker, has been chosen by Warburg Pincus, a global private equity firm, to join its inaugural multi-asset continuation fund. Warburg Pincus, which played a key role in McGil...
Posted: Dec 17, 2024
Deloitte Consulting has been hit with class action lawsuits over the cyber breach of Rhode Island’s portal for state-administered benefits known as RIBridges. The suits have been brought in Rhode Island and New York federal courts on behalf of...
Posted: Dec 17, 2024
Maiden Holdings, Ltd., a provider of insurance and reinsurance services, recently announced that it has reached an agreement to sell its Swedish subsidiaries, Maiden General Försäkrings and Maiden Life Försäkrings, to a growing network of internat...
Posted: Dec 17, 2024
Meta Platforms has agreed to a A$50 million settlement ($31.85 million), Australia’s privacy watchdog said on Tuesday, closing long-drawn, expensive legal proceedings for the Facebook parent over the Cambridge Analytica scandal. The Office of t...
Posted: Dec 17, 2024
Reinsurance broker Gallagher Re has announced some leadership changes within its Analytics team in Asia Pacific, appointing Hemant Nagpal as Head of Analytics and Darren Murch as Deputy Head of Analytics. Nagpal joined Gallagher Re from Moody̵...
Posted: Dec 17, 2024
Reinsurance broker Gallagher Re has announced some leadership changes within its Analytics team in Asia Pacific, appointing Hemant Nagpal as Head of Analytics and Darren Murch as Deputy Head of Analytics. Nagpal joined Gallagher Re from Moody̵...
Posted: Dec 17, 2024
CHARLESTON, W.Va. (AP) — A former maintenance director of a southern West Virginia county school system was charged in a scheme to steal about $3.4 million from a local board of education. Michael David Barker appeared in court Wednesday after …...
Posted: Dec 17, 2024
GEORGETOWN, Ky. (AP) — Toyota plans to build a new paint facility as part of a $922 million investment at its factory complex in Georgetown, Kentucky, making it the second big addition announced this year at the automaker’s largest manufacturin...
Posted: Dec 17, 2024
As the reinsurance industry draws close to a second year of strong profitability at near/historic highs, pricing is very likely to come under pressure at the upcoming January 1st renewals for property reinsurance rates, according to JMP Securities...
Posted: Dec 17, 2024
Moody’s: Rising Flood Risks Posing Greater Challenges for Eastern and Southern U.S. Flood risk is ri...
Posted: Dec 17, 2024
International, Domestic Insurers Push Into Catastrophe-Hit U.S. Property Markets International and...
Posted: Dec 17, 2024
Becton, Dickinson & Co. has agreed to a $175 million fine over Securities and Exchange Commission claims it repeatedly misled investors about one of its most important products. The regulator said Becton Dickinson was aware an infusion pump it ma...
Posted: Dec 17, 2024
ConnectUW Holdings, the parent company of Connect Underwriting and other specialist reinsurance MGAs, announced it will take ownership of Lloyd’s box number 356 from Dec. 23, 2024. Situated in the company market section on Gallery 3, ConnectUW...
Posted: Dec 17, 2024
Law firm DAC Beachcroft said it is expanding into the U.S. with offices in New York and Los Angeles. Insurance specialists Lawrence Klein and Gilbert Lee will join UK-based DACB as partners from law firm Robinson+Cole. They provide advice to …
Posted: Dec 17, 2024
AXIS Capital Holdings Ltd. and Enstar Group Ltd. announced they have entered into a loss portfolio transfer (LPT) reinsurance agreement, which will retrocede $2.3 billion of AXIS’s reinsurance reserves. Structured as a 75% ground-up quota share...
Posted: Dec 17, 2024
Artemis, our insurance-linked securities (ILS) focused sister publication, has now published the full replay of its live webinar on the use of alternative capital sources by originators of insurance risk, which was held on November 21st, 2024, in...
Posted: Dec 17, 2024
This edition of International People Moves details appointments at Arch Insurance and Chubb Overseas General. A summary of these new hires follows here. Arch Insurance Taps Symenouh From Tokio Marine as Senior Cyber Underwriter Arch Insurance has app...
Posted: Dec 17, 2024
Ryan Specialty has announced that Paradiso Risks is joining its sports, leisure and entertainment (SLE) managing general underwriter (MGU), Alive Risk. Paradiso, an MGU specialising in contingency and non-appearance insurance, became a part of the...
Posted: Dec 17, 2024
Reinsurance provider Oak Reinsurance (OAK Re), authorised to underwrite business beginning January 1, 2025, through its Lloyd’s Syndicate 2843, has partnered with Moody’s to integrate applications from the Moody’s Intelligent Risk Platform (includ...
Posted: Dec 17, 2024
Spot Insurance, headquartered in Austin, Texas, appointed Joel Hamann as CEO. Hamann joined Spot in 2021 and most recently served as vice president of finance. He previously served as director of finance, technology and several other roles at Kohl...
Posted: Dec 17, 2024
MNRB Holdings Berhad, the parent company of Malaysian Re, has announced the appointment of Dato’ Rudy Rodzila Che Lamin as Interim President & Group CEO. Dato’ Rudy succeeds Zaharudin Daud who served as President & Group CEO of MNRB for th...
Posted: Dec 17, 2024
J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc., along with David Dybdahl and Cynthia Statz, owners of American Risk Management Resources Network, LLC (ARMR), recently announced that Brown & Brown, a national insurance in...
Posted: Dec 17, 2024
The Texas Windstorm Insurance Association expects to spend more on reinsurance in 2025 to account for projected policy count and exposure growth and losses to the association’s catastrophe reserve trust fund (CRTF) arising from Hurricane Beryl....
Posted: Dec 17, 2024
Almost a million more properties in England are at risk of flooding than previously thought, raising concerns about a growing number of uninsurable or unsellable properties over the coming decades. Data from the Environment Agency on Tuesday showed 6...
Posted: Dec 17, 2024
Agile Insurance Group has announced the appointment of David Hughes as Head of Marine and Deputy Active Underwriter for its Lloyd’s syndicate, Agile Underwriting Services Syndicate AUS2427. Based in London, Hughes will operate with a global mandat...
Posted: Dec 17, 2024