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Following meetings with executives at the recently held 2024 Rendez-Vous de Septembre (RVS) in Monte Carlo, KBW has reported that re/insurers are increasingly implementing steadily improving technological tools to identify emerging or future casua...
Posted: Sep 19, 2024
This edition of International People Moves details appointments at the Bermuda-based re/insurer Vantage Group Holdings and the insurance broker Miller. A summary of these new hires follows here. Vantage Promotes Granda to Head of Political Risk and C...
Posted: Sep 19, 2024
Growth was a key topic for re/insurers at RVS 2024, Will Thompson, Global Head of Clients of Gallagher Re, commented, but this could be challenged when the current strong pricing momentum begins to moderate. Speaking with Reinsurance News at the a...
Posted: Sep 19, 2024
Miller, an independent specialist reinsurance and insurance broker, has announced the appointments of Steven Rance as Head of Reinsurance Strategy & Innovation and Charlotte Lowe as an Account Handler. In his new role, Rance will report to Sha...
Posted: Sep 19, 2024
Broker Insights has announced that six years after its launch, brokers have uploaded £5.5 billion of Gross Written Premium (GWP) to its Vision platform, with a target of reaching £6 billion by the end of the year. Vision will now provide insights...
Posted: Sep 19, 2024
Mosaic Insurance, the Bermuda-based specialty insurer, has launched customized global terrorism and sabotage coverage for fine art and specie insureds, with syndicated capacity extending up to $215 million per risk. The new product offers coverage fo...
Posted: Sep 19, 2024
Humanity Insured, a new UK and US non-profit organisation, has launched with the mission of empowering vulnerable communities to become more resilient to the impacts of climate change through the use of effective insurance solutions. Howden, a glo...
Posted: Sep 19, 2024
Japanese radio equipment maker Icom Inc. said on Thursday that it was investigating the facts regarding news reports that two-way radio devices bearing its logo have exploded in Lebanon. Hand-held radios used by armed group Hezbollah detonated on Wed...
Posted: Sep 19, 2024
Rokstone, part of the Aventum Group, has made two key appointments within its recently announced US Casualty division, with Ben Baker joining the team as Deputy Head of US Casualty and Alex Fitzpatrick as a Senior Underwriter. Both appointees are...
Posted: Sep 19, 2024
From the moment pagers began exploding across Lebanon Tuesday, theories began to circulate on how devices considered outmoded in much of the world were turned into dangerous weapons that killed several people and wounded almost 3,000. As Lebanon accu...
Posted: Sep 19, 2024
Global insurer American International Group, Inc. (AIG) has named Keith Walsh as Executive Vice President and Chief Financial Officer, effective October 21st, 2024. Walsh will be based out of New York and reports to AIG Chairman & Chief Execut...
Posted: Sep 19, 2024
Firefighters are battling blazes in the region of Aveiro and other areas of northern Portugal for a fourth day after temperatures increased earlier this week. About 4,000 firefighters as well as 22 aircraft were facing active wildfires as of 9 …...
Posted: Sep 19, 2024
Reinsurance trading platform Supercede has revealed a significant upgrade of its platform to provide easy access to risk data and mirror the internal workflow of insurers. According to the firm, this platform update marks a significant milestone i...
Posted: Sep 19, 2024
The oil and gas industry is zeroing in on the Biden administration’s moratorium on new liquefied natural gas export permits as the key policy they want changed under the next US president. Chevron Corp. Chief Executive Officer Mike Wirth called...
Posted: Sep 19, 2024
Alternate Solutions Health Network, LLC, and its affiliated entity Beaumont ASHN, LLC, (collectively ASHN), providers of home health care services, will pay $65,000 and furnish other relief to resolve a disability discrimination lawsuit filed by the...
Posted: Sep 19, 2024
French reinsurer CCR Re has announced that on January 16th, 2025, its name will officially change to Arundo Re, roughly 18 months after a consortium comprised of SMABTP and MACSF completed the acquisition of a majority shareholding in the firm. Fo...
Posted: Sep 19, 2024
Paris, France-headquartered reinsurer SCOR is hosting a webinar on October 2nd as part of the company’s Live Sessions, during which a panel of top industry executives will explore how the insurance and reinsurance industry is preparing to fa...
Posted: Sep 19, 2024
Inszone Insurance Services announced the acquisition of Catalyst Benefits Group, LLC, an employee benefits insurance brokerage firm based in Tulsa, Oklahoma. This strategic merger further enhances Inszone’s footprint and capabilities in the emp...
Posted: Sep 19, 2024
Homeowners Not Satisfied, Just Stuck With...
Posted: Sep 19, 2024
A trade group representing Japan’s biggest non-life insurers said on Thursday that its member firms should set a clear deadline to cut their strategic holdings of listed client shares to zero. The General Insurance Association of Japan publishe...
Posted: Sep 19, 2024
Severe rains bucketed down on central Europe, Africa, Shanghai and the US Carolinas this week, underscoring the extreme ways in which climate change is altering the weather. Different meteorological phenomena are behind the series of storms, accordin...
Posted: Sep 19, 2024
Insurtech provider Zywave has announced the appointments of Martin Simoncic as Chief Executive Officer (CEO) and Christian Kasper as Executive Vice President (EVP) & Chief Financial Officer (CFO). Zywave is backed by Clearlake Capital Group an...
Posted: Sep 19, 2024
Concirrus, a provider of AI-powered maritime insurance solutions, has entered into a partnership with the 90 North Foundation, in a move that reinforces the company’s dedication to environmental, social, and governance (ESG) principles. As R...
Posted: Sep 19, 2024
Carrick Group Limited, a Bermuda-based international non-life legacy insurer specialising in reinsurance and run-off solutions, announced that its subsidiary, Carrick UK Holdings Company Limited, has reached an agreement with Bristol-Myers Squibb...
Posted: Sep 19, 2024
The latest trial over claims that the discontinued heartburn drug Zantac causes cancer ended with a hung jury on Wednesday, as jurors in Chicago were unable to agree on whether Boehringer Ingelheim must pay damages to an Illinois man who …
Posted: Sep 19, 2024
An environmental group is suing Tyson Foods for allegedly misleading consumers by saying it will reach net-zero emissions by 2050 and marketing climate-friendly beef without meaningful plans to achieve those goals. The suit was filed on Wednesday by...
Posted: Sep 19, 2024
The Carolinas early this week braced for a storm that forecasters warned could bring heavy rain — as much as 6 to 8 inches in some spots. But one narrow band got a “firehose” that dumped as much as 20 …
Posted: Sep 19, 2024
A crash of a plane roughly a half-mile from a runway near the southwest Alaska community of St. Mary’s killed all four occupants on board the aircraft, authorities said. Alaska State Troopers said they received a report of an overdue …
Posted: Sep 19, 2024
A fire suppression system at a Brunswick Executive Airport hangar showed deficiencies about a year before it discharged gallons of firefighting foam containing harmful chemicals in Maine’s biggest accidental spill of the fire suppressant on rec...
Posted: Sep 19, 2024
Majesco, a provider of cloud-based insurance software, has introduced a new AI ecosystem powered by Majesco Copilot, enabling a seamless integration of various industry AI models into Majesco’s solution workflows, starting with a select group of p...
Posted: Sep 19, 2024
The California Labor Commissioner’s Office reached a $1.7 million wage theft settlement for 550 workers in an alleged scheme in which the owner of multiple Wingstop locations in Bakersfield created separate corporate entities to circumvent labo...
Posted: Sep 19, 2024
A federal whistleblower investigation has found a Virginia subsidiary of one of the world’s largest building materials manufacturers fired a truck driver in September 2023 illegally after the employee raised safety concerns. The driver expresse...
Posted: Sep 19, 2024
A comment and promise made by former President Donald Trump on Tuesday received a lot of not-so-positive attention from the insurance industry. “Your Automobile Insurance is up 73% — VOTE FOR TRUMP, I’LL CUT THAT NUMBER IN HALF!,” t...
Posted: Sep 18, 2024
The time is now. Learn how to start preparing for your 2025 TCPA and DNC compliance strategy. The post On...
Posted: Sep 18, 2024
Better models, increased risk mitigation and robust carrier partnerships can help energy companies struggling to manage wildfire exposures. The post
Posted: Sep 18, 2024
A record 6.8% of all home insurance customers are actively shopping for new policies in 2024, yet only 2.2% of homeowners switched policies as a result.
Posted: Sep 18, 2024
The new Transamerica FE Express Solution provides a streamlined, fully integrated, digital experience for application and management of policies.
Posted: Sep 18, 2024
The new open insurance analytics capability lets insurers leverage preferred BI platforms with Cloverleaf specialized data insights.
Posted: Sep 18, 2024
The funding will fuel platform expansion and strategic hiring as premium payment volume surges 2,500 percent YOY.
Posted: Sep 18, 2024
Posted: Sep 18, 2024
Survey: 1 in 3 Workers Want AI Banned in the Workplace, 50% Worry Abo...
Posted: Sep 18, 2024
US to Convene Global AI Safety Summit in November The Biden admi...
Posted: Sep 18, 2024