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Vantage Group Holdings Ltd., a provider of insurance and reinsurance solutions, has announced the promotion of Lila Granda to Head of Political Risk and Credit (PRC). Effective immediately, Granda will join the group’s Insurance leadership t...
Posted: Sep 17, 2024
The solution that empowers agencies with information
Posted: Sep 17, 2024
Everyone likes to feel special and know they’re seen as an individual. Insurance producers are no different. Creating a custom and personal producer experience is one way to do just that.
Posted: Sep 17, 2024
Roots Automation offers AI tools tailored for specific tasks.
Posted: Sep 17, 2024
US and Canadian organizations will be able to generate graded condition reports from uploaded photos.
Posted: Sep 17, 2024
Insurance Business Magazine - US
Posted: Sep 17, 2024
Insurance Business Magazine - US
Posted: Sep 17, 2024
RBC Capital Markets, the investment banking arm of Royal Bank of Canada, provides a comprehensive analysis of the Monte Carlo RVS 2024, highlighting that reinsurers are steadfastly maintaining their position in renewal negotiations. Following a pe...
Posted: Sep 17, 2024
PCF Insurance Services acquired the insurance business of Top Insurance Associates in Snohomish, Washington. The Top Insurance Associates team will join PCF Insurance’s Fortiphi Insurance. Top Insurance Associates offers personal and commercial...
Posted: Sep 17, 2024
Parts of North Carolina saw something Monday that has not been seen in hundreds, perhaps 1,000 years – 18 inches of rain in half a day. That’s “once in every 1,000 years!” the National Weather Service said on social media …
Posted: Sep 17, 2024
Parts of North Carolina saw something Monday that has not been seen in hundreds, perhaps 1,000 years – 18 inches of rain in half a day. That’s “once in every 1,000 years!” the National Weather Service said on social media …
Posted: Sep 17, 2024
Baltimore-based Maury, Donnelly & Parr, Inc. (MDP) reported its acquisition of another Maryland insurance agency, Campion Insurance in Bel Air. MDP said the merger broadens its reach and service offerings across the Mid-Atlantic region, including...
Posted: Sep 17, 2024
69% of underwriters and 67% of actuaries are concerned about being replaced by artificial intelligence (AI) in the next five years, according to research from hyperexponential, the pricing platform for global re/insurers. A recent study by the fir...
Posted: Sep 17, 2024
Global specialty underwriter and provider of re/insurance, AXIS Capital Holdings Limited, has announced the appointment of Sara Mitchell as its future Head of Global Markets, succeeding Mark Gregory who will retire from the company in March of 202...
Posted: Sep 17, 2024
This edition of International People Moves details appointments at AXIS Capital Holdings and Marsh McLennan. A summary of these new hires follows here. AXIS Names Chubb’s Mitchell as Head of Global Markets, Succeeding Gregory AXIS Capital Holdi...
Posted: Sep 17, 2024
US property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid lower losses tied to catastrophes. The average US property insurance rate decreased 0.94% in the second quarter from a...
Posted: Sep 17, 2024
There are numerous issues from the soft market era that have not been addressed in the current market, and until they’ve been properly attended to, the re/insurance industry is going to end up where it started, according to Group CEO and CUO of Co...
Posted: Sep 17, 2024
Built-Up Cities Get More Rain Than Rural Outskirts, Study Finds Cities often get more ra...
Posted: Sep 17, 2024
Amwins Special Risk Underwriters (SRU) has enhanced its Excess D&O offering with the addition of a new carrier that holds a dedicated focus on Excess D&O specialty programs. The new carrier is recognized as a major specialty insurer, rated...
Posted: Sep 17, 2024
Bermuda-based global specialty insurance company Ascot Group Limited has revealed that Kewsong Lee, the Founder and CEO of BellTower Partners, will be appointed Chairman of the Ascot Board of Directors. Lee will succeed Neill Currie, Ascot’s...
Posted: Sep 17, 2024
Russian company RusChemAlliance has filed new lawsuits against five European banks that stopped financing the construction of a gas project in Russia after the West imposed sanctions against Moscow over the 2022 invasion of Ukraine. The lawsuits, all...
Posted: Sep 17, 2024
Aon, the global re/insurance broking group, has appointed Mona Barnes as Global Chief Claims Officer, effective immediately, reporting to Joe Peiser, Chief Executive Officer (CEO) of Commercial Risk. As Global Chief Claims Officer, Barnes will be...
Posted: Sep 17, 2024
Howden, the London-based insurance intermediary group, announced its launch into the Japanese retail insurance broking and captive consulting and management markets with the acquisition of Foresight Holdings Co. Ltd. Also announced was the appointmen...
Posted: Sep 17, 2024
Specialist insurance provider CFC has developed a new insurance policy, first deployed with Standard Chartered Bank, designed to cover commercial loans to carbon credit projects. “In a true first for both the insurance and carbon finance mar...
Posted: Sep 17, 2024
The Brazilian government confirmed on Monday it was in talks on a potential $18 billion payout from a trio of miners involved in a deadly 2015 dam collapse, saying the deal could also involve further repair work by the companies …
Posted: Sep 17, 2024
The Bermuda life reinsurance market has expanded rapidly in recent times, and in 2024 alone, the Bermuda Monetary Authority (BMA) has licensed an additional seven new players, while both existing and new entities have looked to innovate and refine...
Posted: Sep 17, 2024
The focus of a lengthy probe into PricewaterhouseCoopers LLP’s China business now shifts to Hong Kong after the accounting firm was hit with a record fine in the mainland over its audit of failed developer China Evergrande Group. Hong Kong̵...
Posted: Sep 17, 2024
mea, a GenAI-powered global platform for insurers, has announced that Swiss Re has selected its platform to enhance its insurance and reinsurance operations, strengthening their existing partnership. This expanded partnership builds on their succe...
Posted: Sep 17, 2024
According to a recent Moody’s Ratings report, property and casualty (P&C) insurers are expected to absorb most of the losses from Hurricane Francine, which made landfall in Terrebonne Parish, Louisiana, on September 11, 2024. Hurricane Francin...
Posted: Sep 17, 2024
Guy Carpenter, the reinsurance broking division of Marsh McLennan, has announced the appointment of Heather Legg as Managing Director (MD) of its Canadian broking team. In her new role, Legg will be based in the firm’s Toronto, Canada office...
Posted: Sep 17, 2024
Price Forbes Re, an independent specialist risk strategy and reinsurance broker, is expanding its facultative team across all product lines with the appointments of Fred Few Brown and Jonathan Gerken. In his new role, based in London, Few Brown wi...
Posted: Sep 17, 2024
Everest Insurance, the insurance division of Bermuda-domiciled insurer and reinsurer, Everest Group, has established a new brand called Everest Evolution for its fast-growing US Wholesale business. The move was driven by an established demand for...
Posted: Sep 17, 2024
Global insurance intermediary group Howden has launched into the Japanese retail insurance broking and captive consulting and management markets with the acquisition of Foresight Holdings Co. Ltd, appointing Takuya Aibe as CEO of its Japanese reta...
Posted: Sep 17, 2024
Posted: Sep 17, 2024
Posted: Sep 17, 2024
The Insurance Council of Australia (ICA) has appointed Steve Johnston, Suncorp’s Chief Executive Officer and Managing Director, as Chair of the ICA Board, effective January 1st, 2025. Johnston joined the ICA Board as a Director in August 202...
Posted: Sep 17, 2024
Private equity firms have changed the business models of life insurers they invest in, posing risks that are more likely to materialize with higher interest rates, according to researchers at the Bank for International Settlements. Buyout firms chann...
Posted: Sep 17, 2024
Taiwan’s financial regulator rejected on Monday a takeover attempt by financial conglomerate CTBC of rival Shin Kong saying its plans were incomplete. CTBC made an unexpected bid for Shin Kong last month, upending a proposal for Shin Kong to me...
Posted: Sep 17, 2024
One of the biggest challenges currently facing the Asian re/insurance market is the substantial protection gaps, particularly for natural catastrophes, according to Franz-Josef Hahn, Chief Executive Officer of Peak Re. Reinsurance News spoke to Ha...
Posted: Sep 17, 2024
Brit Ltd, the global specialty insurer and reinsurer, has expanded its Private Client team with the appointments of Vijay Mithal, Billy Lynch and Chris Lewis. They each bring a deep degree of experience within the High Net Worth (HNW) market along...
Posted: Sep 17, 2024
A turnaround in the personal lines insurance segment results was a key driver of an overall $3.8 billion profit from underwriting for the U.S. property/casualty insurance industry, according to a new report from AM Best. Best’s Special Report,...
Posted: Sep 17, 2024
The latest flooding in central Europe could cause economic losses ranging from several hundred million euros to billions, early estimates published on Monday found, as the region braced for more damage. Credit rating agency Morningstar DBRS estimates...
Posted: Sep 17, 2024
Several oil companies including Exxon Mobil and Chevron defeated an appeal on Monday by consumers who accused them of colluding with former U.S. President Donald Trump, Russia and Saudi Arabia to cut oil production, boosting prices at the pump. In &#...
Posted: Sep 17, 2024