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Generative AI (GenAI) presents many ways for organisations to revolutionise their respective industries by enhancing business functions, however, the technology may also open doors for malicious actors to exploit capabilities for cyber attacks, ac...
Posted: Nov 27, 2024
Shares of US automakers tumbled on worries that a new round of tariffs imposed by President-elect Donald Trump will cause sticker prices to soar even further. Trump said that he would impose additional 10% levies on goods from China and …
Posted: Nov 27, 2024
Leavitt Inland Pacific is merging with Troy Insurance Agency in Idaho. Both agencies are locally owned and affiliates of Leavitt Group, a network of insurance brokers. This strategic partnership enables Leavitt Inland Pacific to offer service team su...
Posted: Nov 27, 2024
Our insurance-linked securities (ILS) focused sister publication, Artemis, has now published the full video of its ILS Market Outlook 2025 live webinar, during which experts from across the industry dissected the state of the catastrophe bond and...
Posted: Nov 27, 2024
United Airlines said on Tuesday that an acute shortage of air traffic controllers was causing “significant disruption” for travelers at its busy Newark, New Jersey, hub outside of New York City. The airline said the Federal Aviation Admin...
Posted: Nov 27, 2024
American International Group (AIG), a global insurance company, has appointed Torben Schwierzke as the new Head of Casualty for the DACH region, overseeing the company’s Casualty business in Germany, Austria, and Switzerland. Schwierzke is a...
Posted: Nov 27, 2024
Maine Attorney General Aaron Frey has filed suit in state court against Exxon, Shell, Chevron, BP, Sunoco, and the American Petroleum Institute for allegedly “deceiving Mainers for decades about the role of their fossil fuel products in causing...
Posted: Nov 27, 2024
Insurance broker Aon plc announced it has signed a definitive agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG), enhancing Aon’s risk and health capability offering in Japan. Financial details of the...
Posted: Nov 27, 2024
Alliant Insurance Services, headquartered in Irvine, California, named senior vice presidents Bryan Salek and Angela Kirby to lead its new government contractors-focused segment within Alliant Specialty. Salek has over 25 years of experience in risk...
Posted: Nov 27, 2024
At one of the early meetings of American Legal Connections, Rich Henderson, a senior vice president for reinsurer TransRe, bumped into a concerned client from a hospital insurance company who brought his team members to the event. The insurer was ...
Posted: Nov 27, 2024
Everest announced its expansion into the Italian market, following regulatory approval to operate in Italy, trading as Everest Insurance (Ireland) DAC, Succursale Italiana. Headquartered in Milan, the operations are currently led by José Ramón Morale...
Posted: Nov 27, 2024
As cyber continues to remain one of the biggest lines of business across the re/insurance industry, there are a number of challenges that the cyber market is currently facing, in light of the recent number of data breaches and major cyber events t...
Posted: Nov 27, 2024
Insurer, Contractors Allege Staged Injury Claims Scheme Under New York Scaffold Law A construction industry cap...
Posted: Nov 27, 2024
Walmart, World’s Biggest Retailer, Will Curb Diversity Efforts Walmart Inc. is reversing course...
Posted: Nov 27, 2024
Credit Suisse’s 2022 conviction for failing to prevent the money laundering of a cocaine dealer’s profits was overturned by a Swiss appeals court following the death of one of its former employees who was found guilty in the case. A., ...
Posted: Nov 27, 2024
Fitch Ratings has revised Fortitude Re’s outlook to Positive from Stable, citing the firm’s improving profile driven by growth and enhanced diversification across liabilities and geographies, alongside its strong balance sheet. The rat...
Posted: Nov 27, 2024
China’s state media warned U.S. President-elect Donald Trump his pledge to slap additional tariffs on Chinese goods over fentanyl flows could drag the world’s top two economies into a mutually destructive tariff war. Trump, who takes offi...
Posted: Nov 27, 2024
Prince Harry and other high-profile British figures’ privacy lawsuits against the Daily Mail newspaper’s publisher will go to trial in early 2026, London’s High Court heard on Tuesday, with the parties’ legal costs set to exce...
Posted: Nov 27, 2024
Arthur J. Gallagher & Co., a global insurance brokerage, risk management, and consulting services firm, has announced its acquisition of Shepard Insurance Group, based in Old Greenwich, Connecticut. Shepard Insurance is a retail insurance brok...
Posted: Nov 27, 2024
Smart Follow, a technology-enabled underwriting class within insurance group Apollo, has renewed its partnership with Artificial, a provider of digital follow underwriting technology. This partnership will enable Smart Follow to deploy its capacit...
Posted: Nov 27, 2024
As per a new report from S&P Global, the reinsurance market is set to remain extremely important in providing capital and capacity to support further revenue growth in the cyber insurance market. “In our view, reinsurers will remain an i...
Posted: Nov 27, 2024
B.P. Marsh and Partners, a specialist private equity investor in early stage financial services businesses, has further invested $12.6 million in XPT, a US based wholesale insurance broking and underwriting agency platform across the US Specialty...
Posted: Nov 27, 2024
Aviva has completed a £1.7 billion pensioner buy-in with the National Grid Electricity Group (the Group) of the Electricity Supply Pension Scheme (the Scheme). Aviva stated that the transaction, completed in October 2024, involved transferring the...
Posted: Nov 27, 2024
This post is part of a series sponsored by AgentSync. You and your bestie booked a once-in-a-lifetime cross-country train trip to celebrate your biggest professional accomplishment to date. What could go wrong? Sadly, an emergency appendectomy derail...
Posted: Nov 27, 2024
Australian insurer QBE, in its latest performance update, has revealed that gross written premium (GWP) growth in the nine months to September 30th was 2% on the prior period, on both a reported and constant currency basis. The insurer explains th...
Posted: Nov 27, 2024
Arch Insurance International, a division of Bermuda-based re/insurer Arch Capital Group, has promoted Jelle Ouwehand to Head of Terrorism, Political Violence and War, based in London with a reporting line to Lino Leoni, Chief Underwriting Officer,...
Posted: Nov 27, 2024
AM Best has upgraded the Issuer Credit Ratings of Zurich Insurance Group and its core subsidiaries, highlighting the firm’s robust balance sheet, strong operating performance, and very favourable business profile as key factors driving the d...
Posted: Nov 27, 2024
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Posted: Nov 27, 2024
ACORD Solutions Group, a provider of advanced digital solutions for the global insurance sector, has introduced a placing data exchange capability within its ADEPT platform. This one-to-many interface serves as a universal hub, enabling insurers a...
Posted: Nov 27, 2024
Insurance industry intermediary, Specialist Risk Group (SRG), has announced the promotion of Matt Byrne to Executive Director of their Entertainment and Sport pillar. Prior to his new role, Byrne was Head of Broking – Entertainment Media ...
Posted: Nov 27, 2024
CrowdStrike Holdings Inc. issued a weaker-than-expected earnings forecast, disappointing investors who have been watching for signs that the cybersecurity company has recovered from a flawed update that crashed computers around the world. Adjusted ea...
Posted: Nov 27, 2024
The 2024 Atlantic hurricane season ends Nov. 30 after 18 named storms including the earliest Category 5 storm on record, and possibly one of the costliest hurricanes to the insurance industry. Of the 18 named storms, 11 were hurricanes and …
Posted: Nov 27, 2024
Truliant Federal Credit Union and its Truliant Insurance subsidiary has acquired Atkins & Associates Insurance Agency in Greenville, South Carolina, expanding the firm’s presence in the Southeast. Atkins has been in operation for 16 years....
Posted: Nov 27, 2024
Tennessee has seen a 25% jump in the number of insurance producer licenses in the past five years, an increase that regulators have attributed to a population boom in the state and easy access to producer exams. The state now …
Posted: Nov 27, 2024
Nearly every insurance policy has a forum selection clause and nearly every opposite party wants to avoid them at all costs in hopes of finding a more favorable venue. A new opinion from Florida’s 3rd District Court of Appeal, Open …
Posted: Nov 27, 2024
Aon, a global professional services firm, has announced the signing of a definitive agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG), further strengthening the re/insurance broker’s risk and heal...
Posted: Nov 27, 2024
LP Insurance Services LLC named David Drach director of information technology. His role includes overseeing the IT team and interacting with external IT partners, as well as advising leadership in the development and execution of technology strategi...
Posted: Nov 27, 2024
A city in New Mexico has reached a $20 million settlement with the family of a woman who was shot and killed by a police officer now charged with second-degree murder. Teresa Gomez, 45, was fatally shot in October 2023 …
Posted: Nov 27, 2024
Alberta Motor Association, Ascot Group, and Mountain West Farm Bureau recognized for meeting evolving market needs, improving customer experience, and enhancing operational efficiency via AI.
Posted: Nov 26, 2024
Guidewire industry experts discussed strategies for navigating the evolving risk landscape during the annual media breakfast at Connections in Nashville.
Posted: Nov 26, 2024
Deepfakes: An Emerging Cyber Threat Cyber ClareCarroll1
Posted: Nov 26, 2024
Unprofitable Insurance: Tail Effect Hits Auto Lines Auto Insurance ClareCarroll1
Posted: Nov 26, 2024
The launch in Italy follows Everest’s recent expansion into other key international markets, including Australia, Colombia and Mexico.
Posted: Nov 26, 2024
Posted: Nov 26, 2024
National insurance broker World Insurance Associates LLC reports it acquired NorthStar Insurance Services of Needham, Massachusetts on July 1, 2024. Terms of the transaction were not disclosed. NorthStar was founded in 1995 and is one of New England&...
Posted: Nov 26, 2024
In a 5-2 decision, New York State’s high court this week upheld Uber’s “clickwrap” agreement requiring arbitration of all disputes in a case of a passenger who was injured by another vehicle after exiting an Uber car. The woma...
Posted: Nov 26, 2024