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As the autumn conference season concludes and the reinsurance industry shifts its focus to the January renewals, we spoke with MS Reinsurance’s Charlie Goldie, Chief Underwriting Officer, for his insights on the discussions at RVS in Monte Carlo a...
Posted: Nov 12, 2024
This edition of International People Moves details appointments at the Everest Reinsurance and the broker Miller. A summary of these new hires follows here. Everest Reinsurance, the reinsurance division of Bermuda-based Everest Group Ltd., announced...
Posted: Nov 12, 2024
Data-driven reinsurance and analytics specialist Envelop Risk has launched Envelop Underwriting, appointing Dom Peters to lead the newly established division as CEO. According to the firm, Envelop Underwriting will encompass all existing underwrit...
Posted: Nov 12, 2024
Direct Line Insurance Group Plc, the UK insurer that rejected a takeover attempt by Belgian rival Ageas SA earlier this year, is set to cut about 550 jobs as part of a turnaround plan aimed at saving £50 million ($64 …
Posted: Nov 12, 2024
Howden, a global insurance intermediary group, has acquired Storfield Insurance Consultants Ltd (Storfield), a specialist in general insurance for small-to-medium-sized enterprises (SMEs) and high-net-worth (HNW) clients. This acquisition strength...
Posted: Nov 12, 2024
A newly proposed method for calculating the global temperature suggests that countries may have already failed their main climate goal: to limit warming to below 1.5C. Scientists using the method say the world was 1.49C hotter than in pre-industrial...
Posted: Nov 12, 2024
Specialist Risk Group (SRG), the London-based specialist insurance intermediary, announced the acquisition of One Claim Ltd. Based in Essex, England, One Claim provides broker partners and their clients with claims management support from initial not...
Posted: Nov 12, 2024
In the coming years, UK insurance companies are projected to report steady yet slowing premium income growth; a trend that is expected to persist throughout 2024, 2025, and 2026 as consumer premium increases return to average levels, according to...
Posted: Nov 12, 2024
Howden, the London-based insurance intermediary group, announced the acquisition of Storfield Insurance Consultants Ltd., a specialist in general insurance for small-to-medium sized enterprises (SMEs) and high-net-worth (HNW) clients. Financial detai...
Posted: Nov 12, 2024
Jean-Jacques Henchoz, Member of the Board of Management at Talanx AG with responsibility for the Reinsurance division, will not extend his expiring contract and will depart from the Board on 31 March 2025, with Clemens Jungsthöfel, Chief Financial...
Posted: Nov 12, 2024
Lockton Re, the reinsurance division of the global brokerage, has appointed Edward Tyler as a senior broker in its Retrocession and Property Specialty team. Tyler brings expertise in retrocession, London market property and global composite placem...
Posted: Nov 12, 2024
A new typhoon barreled across an agricultural region in the northeastern Philippines on Monday after thousands were evacuated to safety while still struggling to recover from the devastation caused by three successive storms in the last three weeks....
Posted: Nov 12, 2024
Property and specialty insurer and reinsurer IQUW has formed a strategic partnership with mea, an AI-powered processing platform for re/insurers, to enhance underwriting efficiency across its operations. This collaboration aims to improve IQUW’s p...
Posted: Nov 12, 2024
One of the few remaining industries dominated by check payments is now adopting online payments and financing, shaped by modern retail checkout convenience and trends. The fast checkout experience enjoyed by online consumers today has its roots in a...
Posted: Nov 12, 2024
A Dutch court on Tuesday accepted Shell’s appeal against a landmark climate ruling, dismissing the order for the oil and gas company to sharply reduce emissions. The original 2021 ruling ordered Shell to cut its absolute carbon emissions by 45%...
Posted: Nov 12, 2024
Bermuda-based global specialty insurance company Ascot has announced the appointment of Matt Roy to the newly created role of U.S. Chief Operating Officer, effective November 18. In his new position, Roy will be tasked with aligning underwriting,...
Posted: Nov 12, 2024
Malayan Banking Bhd. is considering options including buying out Ageas SA’s minority stake in Etiqa as Malaysia’s biggest lender seeks to boost the value of the Southeast Asian insurer, according to people with knowledge of the matter. Ma...
Posted: Nov 12, 2024
A wholly owned subsidiary of legacy player Enstar Group has entered into a $75 million adverse development cover (ADC) reinsurance agreement with certain subsidiaries of Bermuda-domiciled insurance holding company, James River Group Holdings. Unde...
Posted: Nov 12, 2024
Bermuda-domiciled insurer and reinsurer SiriusPoint has announced Anthony Shapella as its new Group Chief Underwriting Officer (CUO), with David Govrin set to focus solely on his role as Group President and Chief Executive Officer (CEO) of Global...
Posted: Nov 12, 2024
Indonesia’s economic losses from the 2004 Indian Ocean tsunami, which amounted to USD 4.5 billion at the time, would equate to approximately USD 20 billion today when adjusted for GDP growth and inflation, according to a recent Swiss Re Institute...
Posted: Nov 12, 2024
Posted: Nov 12, 2024
Insurtech Vertafore has acquired Surefyre, a submission and underwriting workbench platform built to empower managing general agents (MGAs) and wholesalers. By incorporating Surefyre’s AI-powered, low-code/no-code solution into VertaforeR...
Posted: Nov 12, 2024
Insurance brokerage, Relation Insurance Services, has appointed Brandon YoungFountain as Executive Vice President (EVP) and Head of Mergers and Acquisitions (M&A), where he will oversee Relation’s M&A initiatives nationally across the orga...
Posted: Nov 12, 2024
Ratings agency Moody’s has changed its outlook for the Italian life insurance sector to stable from negative, and maintained its stable outlook for Italian property and casualty (P&C) insurers. Analysts highlighted how Italian life insur...
Posted: Nov 12, 2024
The Biden administration plans to support a controversial cybercrime treaty at the United Nations this week despite concerns that it could be misused by authoritarian regimes, according to senior government officials. The agreement would be the first...
Posted: Nov 12, 2024
Collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8 billion was “fraudulently transferred” by FTX management to Binance and its executives. The lawsuit relates to Binance’s sal...
Posted: Nov 12, 2024
A Federal Emergency Management Agency employee who ordered workers to bypass homes with yard signs supporting President-elect Donald Trump has been fired, the agency’s head said Saturday. “This is a clear violation of FEMA’s core va...
Posted: Nov 12, 2024
Nonresident surplus lines brokers working in Alabama, like their in-state brethren, must secure a $50,000 fidelity bond to be licensed in the state, starting Jan. 1. The Alabama Department of Insurance posted the bulletin last week. A form is availab...
Posted: Nov 12, 2024
A New York City man has been charged with staging a car accident for insurance fraud purposes last month in a case that received wide publicity after the victim shared dashboard camera footage of the crash, authorities announced Friday. Prosecutors &...
Posted: Nov 12, 2024
LP Insurance Services LLC named Travis Reed to its commercial lines team in northern Nevada. Reed has more than 10 years of industry experience, most recently as a sales executive with Alpine Insurance Associates. He previously worked as vice preside...
Posted: Nov 12, 2024
A New York City man has been charged with staging a car accident for insurance fraud purposes last month in a case that received wide publicity after the victim shared dashboard camera footage of the crash, authorities announced Friday. Prosecutors &...
Posted: Nov 12, 2024
Progressive said it will stop offering dwelling fire insurance, with nonrenewal notices going out as early as Nov. 19. The Mayfield, Ohio-based insurer late last week said the decision to discontinue writing the coverage, often dubbed “landlord...
Posted: Nov 12, 2024
The U.S. Department of Labor has announced that its Office of Federal Contract Compliance Programs and Abiomed Inc., a federal medical equipment supplier, have entered into a conciliation agreement to resolve allegations of gender-based promotion dis...
Posted: Nov 12, 2024
Tokio Marine HCC (TMHCC), a specialty insurance provider, has announced the appointments of Dan Browne as a Professional Indemnity (PI) Underwriter and Chloe Pitchford as a PI Development Underwriter. Both will join TMHCC’s expanding Professional...
Posted: Nov 12, 2024
New York City can’t use an unconstitutional, two-century-old “anti-pauper” law to block the state of Texas from offering migrants free bus rides to the city from the southern border, a state judge has ruled. The court on Thursday di...
Posted: Nov 12, 2024
New York City can’t use an unconstitutional, two-century-old “anti-pauper” law to block the state of Texas from offering migrants free bus rides to the city from the southern border, a state judge has ruled. The court on Thursday di...
Posted: Nov 12, 2024
California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for more than 11,000 policyholders affected by the Shelly Fire located in Siskiyou County and the...
Posted: Nov 12, 2024
California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for more than 11,000 policyholders affected by the Shelly Fire located in Siskiyou County and the...
Posted: Nov 12, 2024
Inszone Insurance Services acquired Nugent Insurance Brokers LLC in Chico, California. Valerie and Tom Nugent Jr., and Tom Jr.’s daughter, Marissa, will remain with Inszone. Nugent Insurance will also expand into personal lines by gaining acces...
Posted: Nov 12, 2024
This post is part of a series sponsored by Selectsys. In today’s fast-paced insurance market, underwriters and wholesalers face increasing pressure to streamline operations, reduce manual processes, and enhance efficiency across multiple lines...
Posted: Nov 12, 2024
Hannover Re’s Henchoz to Step Down as CEO, Succeeded by CFO Jungsthöfel Hannover Re announced tha...
Posted: Nov 11, 2024
Danone Wins Dismissal of Evian Microplastics Lawsuit The maker of Evian spring water, Danone,...
Posted: Nov 11, 2024
Hippo Sells Majority Stake in First Connect Insurance to Centana Growth Partners InsurTech Hippo said it ha...
Posted: Nov 11, 2024
WTW Unveils Machine-Led Solution to Enhance Insurance Reserv...
Posted: Nov 11, 2024
Through the partnership, P&C insurers will have the ability to navigate the challenges of natural catastrophes, reduce loss exposure, and enhance policyholder trust.
Posted: Nov 11, 2024