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A valuable resource for insurance network leaders By Ray Scotto When the inaugural meeting of the Insurance Networks Alliance (INA) took place in 2018, attendees approached the gathering with a mix of curiosity and skepticism. Many wondered about the...
Posted: Nov 05, 2024
The African Reinsurance Corporation (Africa Re) reported a strong net underwriting result of $79.5 million at the end of the third quarter of 2024, marking an impressive year-over-year increase of 100.82% and resulting in an improved net combined...
Posted: Nov 05, 2024
Swiss Re has agreed to sell iptiQ’s European P&C business to Allianz Direct, in line with its strategic decision to withdraw from iptiQ. Allianz Direct, the pan-European online insurer of Allianz Group, will take over the risk carrier based...
Posted: Nov 05, 2024
In Florida’s weed wars, the big money is going against Governor Ron DeSantis and the financier of his anti-cannabis crusade, billionaire Ken Griffin. The Citadel founder has funded about half of the campaign against a referendum on legalizing r...
Posted: Nov 05, 2024
Singapore Reinsurers’ Association has announced changes in its leadership appointing Kenrick Law as SRA Chair and James Beedle as Deputy Chair, taking over from Marc Haushofer. The SRA was established in 1979 aiming to be a leading voice fo...
Posted: Nov 05, 2024
Specialist managing general agent (MGA), Kova Professions has entered into a multi-year capacity agreement with Hadron, the specialty insurance carrier. The partnership, which will see Kova Professions underwrite with capacity from Hadron, is part...
Posted: Nov 05, 2024
President Joe Biden declared a major disaster area in southeast New Mexico after historic flooding killed two people and forced the rescue of more than 300 last month. The declaration announced last week makes federal funding available to residents i...
Posted: Nov 05, 2024
ERWIN, Tenn. (AP) — Rescue workers in Tennessee have recovered the body of the final person still missing after massive flooding from Hurricane Helene hit a plastics factory there. Rosa Andrade, 29, was one of six employees killed after they …
Posted: Nov 05, 2024
AlTi Global is a wealth manager with over $72 billion in combined assets.
Posted: Nov 05, 2024
Innovisk generated approximately $58 million of operating revenue for the 12 months ended July 31, 2024.
Posted: Nov 05, 2024
Pacific Life Re and Kakao Pay Insurance will co-develop app-exclusive health insurance products.
Posted: Nov 05, 2024
Berkshire’s GEICO Turns in Strong Q3 but Overall Insurance UW Income Slips Third-quarter underwriting income with...
Posted: Nov 05, 2024
Executives on the Move at Kettle, Aon, Lloyd’s Kettle names a new chief executive officer. Aon ap...
Posted: Nov 05, 2024
AIG General Insurance Underwriting Profit Falls 28% in Q...
Posted: Nov 05, 2024
The third quarter of 2024 closed with an investment in insurance technology (Insurtech) of $3.2 billion, 7% less than in 2023, however, this trend appears to be a positive and suggests a rebound in funding in the fourth quarter, according to a new...
Posted: Nov 05, 2024
AXA XL, AXA’s property & casualty (P&C) and specialty risk division, has announced the appointment of Matthew Teehan as Senior Underwriter – Multinational for Middle Market, Americas. Based in New York, Teehan will spearhead th...
Posted: Nov 05, 2024
Corebridge Financial, the American multinational financial services company, has released its financial results for the third quarter of 2024, which includes a $1.2 billion net loss, compared to a gain of $2.1 billion in the prior year quarter. Ac...
Posted: Nov 05, 2024
Insurance Business Magazine - US
Posted: Nov 05, 2024
Insurance Business Magazine - US
Posted: Nov 05, 2024
Insurance Business Magazine - US
Posted: Nov 05, 2024
Insurance Business Magazine - US
Posted: Nov 05, 2024
Boeing Co. has dismantled its global diversity, equity and inclusion department, making it the latest high-profile corporation to make changes to its DEI policy as its new top leader oversees a broader revamp of the company’s workforce. Staff f...
Posted: Nov 05, 2024
Finland’s coastal waters were hit by hurricane-force winds for the first time, as more extreme weather batters Europe. Storm Lyly brought an average wind speed of 33.5 meters per second on Friday to Kylmapihlaja, off the coast from the city ...
Posted: Nov 05, 2024
Specialist Risk Group (SRG), the London-based specialist insurance intermediary that is majority-owned by Warburg Pincus and Temasek, announced the acquisition of specialist reinsurance firm NW Re. Financial details of the deal were not disclosed. SR...
Posted: Nov 05, 2024
Zurich-based catastrophe insurance data provider PERILS has disclosed its fourth and final industry loss estimate for Extratropical Windstorm “Ciarán,” increasing the figure to €2.06 billion. The windstorm, also known as “Emir,” impacted France,...
Posted: Nov 05, 2024
AdvantageGo, part of Coforge, is set to implement a comprehensive reinsurance and insurance-linked securities (ILS) solution for Bermuda-based reinsurance group MultiStrat, centring on the AdvantageGo Underwriting Workbench. AdvantageGo describes...
Posted: Nov 05, 2024
WEBBERVILLE, Mich. (AP) — A section of Interstate 96 in southeast Michigan remained closed Sunday after a semitruck crashed into more than a dozen vehicles overnight, killing 4 people and injuring 17 others, according to state police. Traffic on I-96...
Posted: Nov 05, 2024
Insurance intermediary Specialist Risk Group (SRG) has announced the acquisition of specialist reinsurance firm NW Re. Founded in 2020 by Neil Wallis, Neil Walker, and Tallis Kemp, NW Re provides Property Facultative Reinsurance and Excess of Loss...
Posted: Nov 05, 2024
Palomar Holdings has reported a 32.2% rise in gross written premiums (GWP) to $415 million for the third quarter of 2024, while catastrophe losses drove a 4.7 point deterioration in the combined ratio to 80.5%, compared to 75.8% in the third quart...
Posted: Nov 05, 2024
Firefighters put their lives on the line to combat wildfires every year. Insurance can do more to help them succeed. The post Opinion | A Burning Issue appeared first on
Posted: Nov 05, 2024
The top U.S. consumer financial watchdog agency on Friday said it had reached a settlement in a long-running lawsuit with a Chicago mortgage lender over alleged racial discrimination. Under the terms of the proposed agreement, Townstone Financial wou...
Posted: Nov 05, 2024
The region of Valencia is asking Spain’s central government for rescue funds to help with rebuilding after floods last week destroyed homes and left more than 200 dead. The Valencian government agreed to ask Madrid for €31.4 billion ($34.2 bill...
Posted: Nov 05, 2024
Miller, an independent specialist insurance and reinsurance broker, has announced the appointment of industry veteran Steve Jolley as Chief Information Officer, effective December 2, 2024. In his new role, Jolley will report to the incoming Chief...
Posted: Nov 05, 2024
Insurance broker Aon plc has signed a definitive agreement to acquire UK-based insurance broker Griffiths & Armour. Financial details of the deal were not disclosed. Upon completion of the transaction, Griffiths & Armour will become wholly ow...
Posted: Nov 05, 2024
Cayman Islands domiciled reinsurer Greenlight Capital Re, Ltd. has reported a higher combined ratio of 95.9% for the third quarter of 2024 compared to last year’s 91.2% on the back of elevated losses from catastrophes, although net income increase...
Posted: Nov 05, 2024
Kettle, an AI-enabled insurance and reinsurance provider for commercial property owners in areas affected by catastrophic climate events, has appointed Isaac Espinoza as CEO. Espinoza holds nearly two decades of experience in the industry, having...
Posted: Nov 05, 2024
Global insurer AIG has reported a 77% year-on-year decline in net income to $459 million for the third quarter of 2024, driven primarily by a reduction in net income from discontinued operations following the deconsolidation of Corebridge, while i...
Posted: Nov 05, 2024
In line with its strategic decision to withdraw from iptiQ, Swiss Re has agreed to sell the digital insurer’s European P&C business to Allianz Direct, the pan-European online insurer of Allianz Group. iptiQ is a carrier based in Luxembou...
Posted: Nov 05, 2024
RiverStone International, a provider of legacy solutions, has announced the appointment of Nicola Gaisford as Head of M&A – UK & Europe. Gaisford has been with RiverStone since July 2023, joining as Associate Director of M&A Stra...
Posted: Nov 05, 2024
Posted: Nov 05, 2024
Posted: Nov 05, 2024
Posted: Nov 05, 2024
European and US intelligence officials believe Russia is behind a plan that would ultimately place incendiary devices on planes to North America through air cargo shipments, according to people familiar with the matter. Authorities are taking the inc...
Posted: Nov 05, 2024
Re/insurance provider IQUW has announced that its Financial Institutions (FI) product, FortiFI, will introduce updated policy terms tailored for the Australian market by the end of October 2024. Originally launched in the US earlier this year, For...
Posted: Nov 05, 2024
Holding signs with slogans including “stop the plop” and “species not feces,” thousands of people marched in London on Sunday to demand a cleanup of Britain’s sewage-clogged waterways. Organizers estimated that 15,000 pe...
Posted: Nov 05, 2024