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Wrisk partners with Helvetia

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The two will deliver bespoke motor insurance solutions to automotive manufacturers, their financial services arms and other mobility providers across Europe.

Posted: Sep 20, 2024

Inszone acquires Catalyst Benefits Group

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This acquisition strengthens Inszone's presence in the employee benefits sector.

Posted: Sep 20, 2024

Lawsuit Alleges Ship Owner Ignored Needed Repairs Before Deadly Baltimore Bridge Collapse

Carrier Management

Lawsuit Alleges Ship Owner Ignored Needed Repairs Before Deadly Baltimore Bridge Collapse The owner and...

Posted: Sep 20, 2024

U.S. Interest Rate Cut Builds ‘Greater Confidence’ About Inflation

Carrier Management

U.S. Interest Rate Cut Builds ‘Greater Confidence’ About Inflation The U.S. cen...

Posted: Sep 20, 2024

Registration for Louisiana Fortify Homes Program Grants Closes on September 20

Insurance Journal

Registration for the next round of Louisiana Fortify Homes Program (LFHP) grants is currently underway and will close at 5 p.m. on Friday, September 20, the Louisiana Department of Insurance announced. The registration period opened at 8 a.m. on Wedn...

Posted: Sep 20, 2024

Holmes Murphy Opens New Office in Lincoln, Nebraska

Insurance Journal

Holmes Murphy announced the opening of a new office in Lincoln, Nebraska with a focus on client growth, talent attraction and increased opportunity for innovation. Prior to this new office, Holmes Murphy has had a location in Omaha for more …

Posted: Sep 20, 2024

Study Finds Levels of Hydrogen Sulfide ‘Off the Scales’ in Central Texas

Insurance Journal

The first readings Abigail Edgar took of hydrogen sulfide and methane at oilfields in Caldwell County in 2021 were so high that she thought her equipment was malfunctioning. “It was off the scales. Methane was off the scales and hydrogen &#8230...

Posted: Sep 20, 2024

Workforce protection strategies against rising wildfire risks: Aon

Reinsurance News

As climate change intensifies wildfire risks, global re/insurance broker Aon highlights how organisations can protect their workforce before and after such events. In its recent report, Aon notes that North America has experienced at least one bil...

Posted: Sep 20, 2024

Kentucky Sheriff Charged With Shooting of Judge Inside Courthouse

Insurance Journal

A Kentucky judge is dead and the county sheriff is in jail, charged with shooting the judge multiple times Thursday inside the courthouse. Local and national News outlets reported that Letcher County Sheriff Mickey Stines was arrested at the courthou...

Posted: Sep 20, 2024

Russia’s Oil Tanker Firm Sovcomflot Says G-7 Sanctions Make Oil Trade Less Safe

Insurance Journal

Russia’s state-run oil tanker company Sovcomflot PJSC said that western sanctions on ships moving the nation’s petroleum oil are only serving to heighten environmental risks by forcing some vessels out of mainstream trading. Since late la...

Posted: Sep 20, 2024

Smart returns to AEGIS London as Class Underwriter, Intl. Casualty

Reinsurance News

Lloyd’s syndicate AEGIS London has recruited Jeremy Smart as a Class Underwriter within its International Casualty team, reporting to Stephen Merrick. In his new role, Smart will be responsible for a mix of territories with an emphasis on Au...

Posted: Sep 20, 2024

Workers’ Comp Outperforms All P&C Lines in 2023: AM Best

Risk & Insurance

Sustained profitability and declining claims frequency drive workers' comp outperformance, boosting the overall P&C insurance industry, according to a new report from AM Best. The post

Posted: Sep 20, 2024

People Moves: HDI Global Taps SCOR’s Ahn as HK Branch CEO; Amwins Global Risks Promotes Abraham as C...

Insurance Journal

This edition of International People Moves details appointments at HDI Global and Amwins Global Risks. A summary of these new hires follows here. HDI Global Taps SCOR’s Ahn as HK Branch CEO, Lau Named Director APAC Network HDI Global announced...

Posted: Sep 20, 2024

Beat Capital and ex-AIG exec Doug Karpp to launch proRISE Insurance Services

Reinsurance News

Ambac Financial Group’s London-based subsidiary and underwriting franchise, Beat Capital Partners and market veteran, Doug Karpp will launch proRISE Insurance Services (proRISE) on October 1st, 2024, which will specialise in management and profess...

Posted: Sep 20, 2024

Caroline Feeney named chair of LL Global

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Feeney, CEO of Prudential’s U.S. businesses, will lead the nonprofit financial services industry organization in 2025.

Posted: Sep 20, 2024

Transamerica introduces final expense insurance powered by Bestow

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FE Express is powered by Bestow.

Posted: Sep 20, 2024

HEMIC declares $5 million dividend for policyholders

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HEMIC remains the leading provider of workers' compensation insurance in Hawaii

Posted: Sep 20, 2024

Erthos teams up with New Energy Risk on new warranty product

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This warranty is expected to encourage more customers to adopt the Earth Mount Solar system.

Posted: Sep 20, 2024

Higginbotham partners with Cassidy & Company to expand southeast presence

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Both firms aim to expand their market share.

Posted: Sep 20, 2024

Insuritas partners with Ocean State Credit Union to launch digital agency

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The agency is set to launch in late 2024.

Posted: Sep 20, 2024

Inigo sponsors climate research program with University of Cambridge

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Inigo aims to better assess the likelihood and impact of hurricanes, ultimately enhancing the industry’s ability to prepare for and respond to these catastrophic events.

Posted: Sep 20, 2024

INSTANDA integrates with Swiss Re’s Magnum

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With this integration, insurers gain access to a single, integrated platform that simplifies the life insurance application process.

Posted: Sep 20, 2024

Pennsylvania AG Launches Website for Reporting Data Breaches as Required by Law

Insurance Journal

Pennsylvania Attorney General Michelle Henry announced the launch of an online portal for companies and other entities reporting data breaches. The site is for reporting breaches impacting more than 500 Pennsylvania residents — which is required unde...

Posted: Sep 20, 2024

TMHCCI adds Howden’s Fox to Marine Special Risk team

Reinsurance News

Tokio Marine HCC International (TMHCCI), is strengthening its Marine Special Risk team with the appointment of Victoria Fox as Marine Special Risks Senior Underwriter. She will be taking over her new role with immediate effect. TMHCCI launched the...

Posted: Sep 20, 2024

Goldman Sachs analysts suggest Generali could make reinsurance recovery on Storm Boris impacts

Reinsurance News

With Generali’s European flood per event reinsurance coverage kicking in after a €300 million attachment, the insurer could make a reinsurance recovery on Storm Boris as analysts at Goldman Sachs forecast losses for the firm to be between €300 and...

Posted: Sep 20, 2024

Hackers Demand $6M for Files Stolen From Seattle Airport Operator in Cyberattack

Insurance Journal

Hackers are demanding $6 million in bitcoin from the operator of the Seattle-Tacoma International Airport for documents they stole during a cyberattack last month and posted on the dark web this week, an airport official said. The Port of Seattle, &#...

Posted: Sep 20, 2024

Wefox Appoints Former Allianz Executive Mueller as CEO to End Shareholder Fight

Insurance Journal

Wefox Holding AG appointed former Allianz manager Joachim Mueller as chief executive officer, ending a boardroom battle that pit the insurance tech startup’s founders against some of its shareholders. Mueller will replace interim CEO Mark Harti...

Posted: Sep 20, 2024

GM to Recall Over 449,000 Pickup Trucks, SUVs

Insurance Journal

General Motors is recalling 449,671 pickup trucks and SUVs in the U.S. due to inoperative low brake fluid warning, the U.S. National Highway Traffic Safety Administration said on Friday. The recall includes some 2023 Chevrolet Silverado 1500, GMC Sie...

Posted: Sep 20, 2024

Central Europe floods expected to drive billions of EUR in total losses, says Aon

Reinsurance News

The recent severe flooding that impacted Central Europe as a result of continuous rain from September 12-16 is expected to become one of the costliest events on record for the region, with billions of EUR in total losses, according to global re/in...

Posted: Sep 20, 2024

E&S Vet Miller and Team Launch MGA Pivix

Insurance Journal

Former Scottsdale Insurance President Mike Miller will now serve as president and CEO of excess & surplus managing general agency Pivix Specialty Insurance Services. Based in Scottsdale, Arizona, Pivix is an E&S platform offering property/cas...

Posted: Sep 20, 2024

ERGO appoints Theo Kokkalas & Oliver Willmes to new board roles

Reinsurance News

ERGO, Munich Re’s primary insurance business, has announced that Theo Kokkalas will be responsible for ERGO’s international business and Oliver Willmes will be responsible for ERGO’s activities in Germany, effective January 1, 20...

Posted: Sep 20, 2024

Insurers End ‘Cats’ Fight

Insurance Journal

Two insurers have settled their dispute over coverage for an employee of the touring company for the musical “Cats” who was seriously injured on the set at a Providence theater in 2019. The Providence Performing Arts Center (PPAC) employe...

Posted: Sep 20, 2024

South Shore Insurance Underwriters expands to US West Coast with LSI acquisition

Reinsurance News

Managing general agency South Shore Insurance Underwriters (SSIU) has announced the acquisition of Linneman Specialty Insurance (LSI), as part of the MGA’s expansion plans to the US West Coast. LSI, founded by the late John Linneman and current pr...

Posted: Sep 20, 2024

Mutual Insurers Chase Rate Adequacy, Financial Strength Remains Strong: AM Best

Insurance Journal

The U.S. property/casualty mutual segment has leaned on investment income to maintain strong overall financial performance and grow surplus in the face of underwriting volatility and severe weather-related activity, according to an AM Best report. To...

Posted: Sep 20, 2024

MGA Pivix launched by E&S insurance veteran Mike Miller

Reinsurance News

Pivix Specialty Insurance Services Inc. (Pivix), a managing general agency with a particular focus on the Excess and Surplus (E&S) lines market, has officially launched its operations. Pivix is an E&S platform that offers property and casu...

Posted: Sep 20, 2024

Davies adopts Majesco’s AI driven system to predict risks efficiently

Reinsurance News

Davies, a professional services and technology specialist, has partnered with Majesco, a global cloud insurance software solutions firm, to provide faster and more efficient loss control and premium audit surveys for clients. This move allows Davi...

Posted: Sep 20, 2024