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Thomas joins the U.K.-based MGA from Simply Business to lead the company’s next chapter.
Posted: Sep 02, 2024
Client Edge Facility is designed to provide coverage for large and complex risks, along with middle market property risks across WTW’s U.S. property portfolio.
Posted: Sep 02, 2024
Thanks to digital evolution in insurance, industry data is now available to carriers to find distribution partners more easily and drill into agency details to enable profitable appointments.
Posted: Sep 02, 2024
Allstate Approved to Raise Home Insurance Rates by 34% in Wildfire-Prone Calif...
Posted: Sep 02, 2024
IAT Insurance Group, a specialty property and casualty insurance carrier, has selected CLARA Analytics Claims Document Intelligence Pro (Claims DocIntel Pro) as its newest AI platform to boost its auto and general liability claims process. Accordi...
Posted: Sep 02, 2024
Insurance Business Magazine - US
Posted: Sep 02, 2024
Insurance Business Magazine - US
Posted: Sep 02, 2024
An increasing number of small and medium-sized businesses (SMBs) are seeking cyber coverage, but current cyber catastrophe (CAT) models still struggle to accurately assess SMB risk aggregation, according to a recent report by Guy Carpenter. The re...
Posted: Sep 02, 2024
The African Reinsurance Corporation (Africa Re) posted a gross written premium (GWP) income of US $558.74 million at the end of the second quarter of 2024, representing a 5.56% increase from the US $529.33 million figure that was reported in the s...
Posted: Sep 02, 2024
Insurance Business Magazine - US
Posted: Sep 02, 2024
Aon enhances its capital advisory capabilities with the appointments of Mike Cane as Capital Advisory leader for the UK and Yen Chu Choo as Capital Advisory leader for Asia Pacific (APAC). Mike Cane will be based in London and will report to Kelly...
Posted: Sep 02, 2024
DUAL UK, part of the specialist underwriting arm of Howden Group, has announced its acquisition of International Passenger Protection (IPP) in both the UK and Malta, subject to regulatory approval. This acquisition strengthens DUAL UK’s posi...
Posted: Sep 02, 2024
Miller, an independent specialist in (re)insurance broking has appointed Siva Krishnan as Head of Sports and Entertainment, Asia, as the firm expands its Sports and Entertainment business into the Asia-Pacific region. With over 25 years of experie...
Posted: Sep 02, 2024
According to a new report from AM Best, Munich Re reportedly makes “relatively little use” of retrocession compared with Swiss Re, SCOR and Hannover Re. AM Best’s report observed that Swiss Re has shifted in recent years to incre...
Posted: Sep 02, 2024
QBE Re has announced the addition of five new hires to its Accident & Health (A&H) team, appointing Henry Brigstocke as the new Head of A&H, who is joined by Mollie Sallery as Assistant Underwriter. The reinsurer also added Georgina Ra...
Posted: Sep 02, 2024
Rising Edge, a London-based directors’ and officers’ (D&O) Managing General Agent (MGA), and insurance broker, has announced it has signed an agreement to acquire AMANIKI GmbH. AMANIKI is an independent MGA that has been operating since 2019 u...
Posted: Sep 02, 2024
Global specialist insurer Hiscox has appointed Jane Guyett as an Independent Non Executive Director and Chair of its Remuneration Committee, subject to regulatory approval. Guyett has served in a variety of roles across both the public and private...
Posted: Sep 02, 2024
Europe’s four largest reinsurers, Swiss Re, Munich Re, Hannover Re, and SCOR, benefited from the hard reinsurance market in 2023, with better pricing and terms and conditions, and with strong results reported for the first half of 2024, disc...
Posted: Sep 02, 2024
French reinsurer CCR Re has announced the appointment of Sébastien Jallet as Head of Investment. In his new role, Jallet will be responsible for managing CCR Re’s investments and will report to Executive Management. Bertrand Labilloy, CEO of CCR R...
Posted: Sep 02, 2024
Global professional services firm Aon has appointed Rob Kemp as head of Commercial Risk Solutions for the UK, subject to regulatory approval. Kemp joined Aon four years ago and currently leads the EMEA Central Broking team. Effective 1 October, he...
Posted: Sep 02, 2024
Posted: Sep 02, 2024
Posted: Sep 02, 2024
Kovrr has estimated that the total cost to the UK economy from the CrowdStrike IT outage will likely fall between £1.7-£2.3 billion. For those unaware, back in July, an automatic update of CrowdStrike’s Falcon sensor software crashed more th...
Posted: Sep 02, 2024
The London-domiciled underwriting arm of global speciality distributor Amwins, Amwins International Underwriting, has appointed Keith Trivitt as the Underwriting Director for Amwins Amplify. Trivitt has experience in the segment from both a carrie...
Posted: Sep 02, 2024
CatX, the digital marketplace that connects re/insurers and brokers with alternative capital, has appointed industry leader Jon Wood as Head of Origination. The hire affirms the company’s commitment to broadening market reach ahead of the January...
Posted: Sep 02, 2024
Although 2024 has not seen any major reinsurance M&A announcements, Fitch Ratings expects that as the market inevitably softens and organic growth opportunities diminish, companies that have accumulated capital may seek to acquire less success...
Posted: Sep 02, 2024
Vanbridge, an EPIC company, has announced the appointment of Osmel “Oz” Cuan as Managing Principal and Tax Liability Practice Leader. In his new role, Cuan will join the Transactional Risk Solutions team and lead the Tax Liability Insurance practi...
Posted: Sep 02, 2024
The city of Los Angeles will pay $38.2 million to settle a 2017 lawsuit after “falsely” stating on federal documents that its multifamily affordable housing units built with federal funds were accessible for people with disabilities. The...
Posted: Sep 02, 2024
A Skagit County was fined nearly $330,000 for exposing workers to crystalline silica dust from cutting, grinding and polishing stone countertops. The Washington State Department of Labor & Industries cited and fined A+ Marble & Granite LLC in...
Posted: Sep 02, 2024
Former Michigan State University head football coach Mel Tucker is suing the university and school leaders, alleging that they wrongfully fired him last year and violated his constitutional rights after he was accused of sexual harassment. The federa...
Posted: Sep 01, 2024
The number of Florida claims from Hurricane Debby, filed within 10 days of the storm, stood at almost two-thirds of the number of claims filed from Hurricane Idalia in a three-month period. Debby claims by Aug. 16 had reached almost …
Posted: Sep 01, 2024
For more than a decade, Insurance Journal has recognized some of the nation’s largest agency partnerships and networks in its annual Top 20 ranking. In 2014, Insurance Journal’s Top 20 Agency Partnerships together held $1.4 billion in tot...
Posted: Sep 01, 2024
The management liability insurance segment has attracted a lot of new capacity in the last few years, and the increased competition has pushed rates down significantly. But the segment faces growing risks from regulatory and technology-related exposu...
Posted: Sep 01, 2024
By Patrick Wraight We had some work done on our home recently and the contractor wasn’t what I was expecting. When I spoke with the GC (General Contractor), he told me that his sub (contractor) would be at my house, …
Posted: Sep 01, 2024
More than 2.6 million homes across 14 states with a total reconstruction cost of $1.3 trillion are at moderate to very high risk of wildfire damage during the 2024 wildfire season, the 2024 CoreLogic Wildfire Risk Report shows. The western …
Posted: Sep 01, 2024
In 2015, my partners and I started the buy-out process at Capstone. In 2018, the purchase was complete, but the real work had just begun. We thought about how to grow the company, which included hiring additional recruiters. For us, …
Posted: Sep 01, 2024
By Andrea Wells Finding the right partner can help make or break a business. That’s also true of finding the right agency partnership or network, especially as market cycles change and what agents need from a partner changes, as well. …
Posted: Sep 01, 2024
A survey of nearly 1,000 IT and security professionals shows numerous organizations were targeted by ransomware attacks in the past year with a high degree of success, with most paying a ransom — many of which paid multiple times. Semperis, ...
Posted: Sep 01, 2024
Auto insurance shopping volume set a new record for the second consecutive quarter of 2024. The number of U.S. consumers shopping for auto insurance was up 7%, compared to Q2 2023, according to TransUnion’s latest quarterly Insurance Personal L...
Posted: Sep 01, 2024
The professional liability market for architects and engineers is continuously adapting to new trends and challenges. These shifts bring both opportunities and obstacles for brokers and design professionals. While there remains a strong interest in t...
Posted: Sep 01, 2024
The energy company at the center of a $60 million bribery scheme in Ohio will pay $20 million and avoid criminal charges as part of a deal with state prosecutors to resolve its role in the scandal. Akron-based FirstEnergy Corp. …
Posted: Sep 01, 2024
By Jack Brook British energy giant Drax Global, already under scrutiny for running afoul of environmental laws in multiple states, has disclosed to the state of Louisiana that its wood pellet production facilities emit hazardous air pollutants above...
Posted: Sep 01, 2024
California Insurance Commissioner Ricardo Lara in mid-August released a statement on his latest administrative action designed to address the state’s homeowners insurance crisis. Lara issued a bulletin implementing rate review reforms he says w...
Posted: Sep 01, 2024
Florida authorities in August arrested a well-known southwest Florida insurance agent, charging him with larceny and embezzlement of premiums. Reid McDaniel, 33, who was named the honorary mayor of North Fort Myers last year but who also was facing a...
Posted: Sep 01, 2024