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Lloyd’s global insurer and reinsurer MS Amlin has expanded its partnership with data insight specialist Synectics in a strategic move that will enhance fraud detection and prevention measures at the quote, policy, and claims stages, across m...
Posted: Oct 16, 2024
Independent specialist insurance and reinsurance broker Miller has announced the appointment of Clare Lebecq as Chief Operating Officer, effective 2 December, 2024. In her new role, Lebecq will leverage her extensive experience in both retail and...
Posted: Oct 16, 2024
HEMIC is the largest provider of workers’ compensation insurance in Hawaii and has maintained an “A” rating from AM Best every year since they were first rated in 2007.
Posted: Oct 16, 2024
Zinnia has also made headlines for its acquisitions of Breathe Life, Policygenius, and the life and annuity assets of Ebix.
Posted: Oct 16, 2024
The deal strengthens SoFi's loan platform.
Posted: Oct 16, 2024
Volt offers coverage for conventional power and renewable energy clients.
Posted: Oct 16, 2024
Insurance Business Magazine - US
Posted: Oct 16, 2024
The Manufactured Home product was brokered through AEGIS General Insurance Agency.
Posted: Oct 16, 2024
The company now serves more than 1,300 customers including over 40 insurance carriers and suppliers.
Posted: Oct 16, 2024
It's interesting, as Steve Jobs once said, you can't connect the dots looking forward, but you can connect them looking backward. My journey in technology innovation has been a culmination of experiences and insights gained over time. The p...
Posted: Oct 16, 2024
Digitizing patient workflow in workers' comp makes the system easier to navigate for employers and patients alike. The post Digitizing the Patient...
Posted: Oct 16, 2024
An administrative law judge has ordered a Pennsylvania-based federal contractor to pay $85,284 in back wages for failing to pay prevailing wages, fringe benefits and overtime pay owed to workers employed on multiple federal construction projects, acc...
Posted: Oct 16, 2024
Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according to Gallagher Re’s latest Nat Cat report. The total economic loss from natural perils in the...
Posted: Oct 16, 2024
AXA Climate, an arm of the global insurance group AXA, has renewed its partnership with AXA México and ClimateSeed this year to continue supporting a vital mangrove protection project. This collaboration aims to provide a parametric insurance prod...
Posted: Oct 16, 2024
Facebook parent company Meta must face lawsuits by U.S. states accusing it of fueling mental health problems among teens by making its Facebook and Instagram platforms addictive, a federal judge in California ruled on Tuesday. Oakland-based U.S. Dist...
Posted: Oct 16, 2024
Optio Group, a specialty managing general agent (MGA) has announced the appointment of Marc Van der Veer to the newly created role of managing director, Europe, effective immediately. In his newly assumed position, Van der Veer will be tasked with...
Posted: Oct 16, 2024
Progressive Insurance will pay $500,000, the policy limits, to the family of a young woman killed in a 2019 boat crash involving Alex Murdaugh’s youngest son, essentially ending the family’s legal actions in the tragedy. Progressive, whic...
Posted: Oct 16, 2024
Chief Executive Officer (CEO) of MS Amlin Asia Pacific, William Ho, in a recent video interview with our insurance-linked securities (ILS) focused sister publication, Artemis, discussed the re/insurer’s series of Phoenix sidecar transactions...
Posted: Oct 16, 2024
DeNexus, a provider of cyber risk modelling solutions, has raised $17.5 million in a Series A funding round led by Punja Global Ventures with participation from AXA XL, Prosegur/SegTech and HCS Capital. From what Reinsurance News understands, DeNe...
Posted: Oct 16, 2024
Thousands of Massachusetts medical professionals and other employees of troubled hospital operator Steward Health Care are at risk because Steward does not have adequate liability or workers’ compensation coverage in place to protect them after...
Posted: Oct 16, 2024
Catastrophe modeler Verisk said it expects insured losses from Hurricane Milton will be between $30 billion and $50 billion from damages caused mostly by wind. Verisk’s Extreme Event Solutions group said the range includes privately insured los...
Posted: Oct 16, 2024
McLarens, a claims services provider, has appointed Alistair Jacob to the newly established position of Head of London International. Based in the Lime Street office in the City of London, Jacob will report to Steven Wallace, Managing Director for...
Posted: Oct 16, 2024
RALEIGH, N.C. (AP) — Federal disaster workers paused and then changed some of their hurricane-recovery efforts in North Carolina, including abandoning door-to-door visits, after receiving threats that they could be targeted by a militia, officials sa...
Posted: Oct 16, 2024
Insurance and reinsurance companies can use climate-related disclosure data to reveal business-critical risk insights, point to growth opportunities and lift the quality of their underwriting, according to Swiss Re’s Paloma Quiroga. In a recent in...
Posted: Oct 16, 2024
In the first 9 months of 2024, losses covered by the private insurance market or public insurance entities totalled at least $108 billion, 5% higher than the decadal average of $102 billion, driven by a higher frequency of low/mid-size events, esp...
Posted: Oct 16, 2024
HEMIC is the largest provider of workers’ compensation insurance in Hawaii and has maintained an “A” rating from AM Best every year since they were first rated in 2007.
Posted: Oct 16, 2024
Britain’s departure from the European Union cost London’s financial center about 40,000 jobs, the Lord Mayor of the City of London told Reuters, a far deeper impact from Brexit than previous estimates. Michael Mainelli said Dublin had gai...
Posted: Oct 16, 2024
According to the Extreme Event Solutions group at Verisk, insured industry losses to onshore property for Hurricane Milton will range between $30 billion and $50 billion. The firm explained that this estimate includes losses due to wind, privately...
Posted: Oct 16, 2024
Digital insurance company Embroker has partnered with Everspan, the specialty property and casualty insurer, in a move that is expected to further enhance the digital insurance experience. Through this strategic partnership, Everspan now underwrit...
Posted: Oct 16, 2024
Liberty Mutual Reinsurance (LM Re), the reinsurance arm of Liberty Mutual, has appointed Cara Sweeney as Specialty Casualty Underwriting Manager, based in Stamford. In her new role, Sweeney’s responsibilities includes oversight of the underw...
Posted: Oct 16, 2024
Ascend, a comprehensive accounting operations platform for insurance, has partnered with QuoteWell, a commercial insurance managing general agent (MGA) and wholesale brokerage, to modernise MGA accounting and workflows. This partnership aims to se...
Posted: Oct 16, 2024
Sompo, a global provider of commercial and consumer property and casualty re/insurance, has appointed Maya Dongyoung Lee as Chief Operating Officer (COO), Asia Pacific (APAC), effective October 16, 2024. She will report to Daniel Englberger, COO,...
Posted: Oct 16, 2024
mea, a GenAI-powered global platform that aims to simplify insurance processes, has renewed and expanded its strategic partnership with AXIS, a global specialty re/insurer. Through the partnership, AXIS will expand its use of mea’s generative arti...
Posted: Oct 16, 2024
Posted: Oct 16, 2024
Posted: Oct 16, 2024
McKenzie Intelligence Services (MIS) and London Market Operations & Strategic Sourcing (LIMOSS) have signed a new contract that will give Lloyd’s Managing Agents and associated company market business greater flexibility to access additional s...
Posted: Oct 16, 2024
Markel Group Inc., a reinsurance company, has announced the appointment of Stacey Hinton as Senior Underwriter, Head of Jewellers Block, Specie. In her new position, Hinton will focus on enhancing the profitability of Markel’s international...
Posted: Oct 16, 2024
Progressive Retaining Helene, Milton Property Losses Net; Auto Over $0...
Posted: Oct 16, 2024
Growth continues for the Cayman Islands insurance sector, according to the Cayman Islands Monetary Authority (CIMA) licensing statistics for the third quarter of 2024. During the period of July to September, CIMA granted five new international ins...
Posted: Oct 16, 2024
Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has announced three new appointments to its EMEA leadership team. Notably, Clearwater Analytics was recently awarded Investment &...
Posted: Oct 16, 2024
Chinese state actors have made widespread — and likely successful — efforts to access British critical infrastructure networks, according to UK officials, underscoring fears of vulnerabilities to increasingly sophisticated cyberattacks by foreign pow...
Posted: Oct 16, 2024
Lufthansa has agreed to pay a $4 million penalty for allegedly discriminating against Jewish passengers who were trying to board a connecting flight in Frankfurt in May 2022, the U.S. Transportation Department said on Tuesday. Lufthansa prohibited 12...
Posted: Oct 16, 2024
CEOs in the insurance industry are optimistic about their companies’ growth potential over the next three years, even in the face of challenges related to digital transformation, talent acquisition, and sustainability, according to a survey...
Posted: Oct 16, 2024
Prime Minister Giorgia Meloni’s cabinet is tapping Italy’s banks and insurers to help finance its budget, according to a new plan designed to deliver on giveaways pledged to voters. “As we promised, there will be no new taxes for ci...
Posted: Oct 16, 2024