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“A cyber event doesn’t hit the entire world at once; it starts in one spot and slowly spreads, much like a virus. However, it can be fought, just like your body fights a virus.” The post
Posted: Aug 23, 2024
We asked the Gallagher client executive about the challenges currently facing her education-sector clients — and the brokering philosophy she uses to help overcome them. The post
Posted: Aug 23, 2024
OneDigital, an insurance brokerage, financial services and human resources firm based in Atlanta, has acquired Elite Insurance Solutions, a property-casualty insurance agency in Franklin, Tennessee, the company announced this week. Elite was founded...
Posted: Aug 23, 2024
Software engineer Kenna Ofoegbu in Houston, Texas tries hard to keep his three kids cool during the summer and that means air conditioning. Yet their house has lost power three times in just the past two and a half months. …
Posted: Aug 23, 2024
Hub International Ltd., the global insurance broker, has named Tim Smith president and CEO of its operations in the Carolinas. Smith was previously the chief sales officer at Hub International Carolinas and was a Charlotte-area market leader. Before...
Posted: Aug 23, 2024
FORT SMITH, Ark. (AP) — A county in western Arkansas has approved a $3 million settlement with the family of a man who died from dehydration and malnutrition while being held in a local jail. The Sebastian County Quorum Court …
Posted: Aug 23, 2024
Zurich North America, the commercial property and casualty insurer, has promoted Chris Nolan to Head of Surety in US National Accounts, succeeding Bob Murray, who retired in June. In the role, Nolan will oversee both contract and commercial surety...
Posted: Aug 23, 2024
Between hail, strong winds, floods and plant disease, US corn crops were put through some tough times this summer. But somehow, the fields of green blanketing America’s heartland have proved to be ever resilient. Those are the findings heading...
Posted: Aug 23, 2024
New report from DeepSky Research forecasts a 300% surge in extreme hurricane rainfall frequency and a 33% increase in severity, raising concerns. The post
Posted: Aug 23, 2024
The country is facing heightened threats from many corners at a time when law enforcement agencies are struggling, FBI Director Christopher Wray said in an exclusive interview, adding that he is “hard pressed to think of a time in my …
Posted: Aug 23, 2024
Zurich North America outlines the steps businesses and institutions can take to mitigate the risks associated with civil unrest and protests. The post
Posted: Aug 23, 2024
JACKSON HOLE, Wyoming, Aug 23 (Reuters) – Federal Reserve Chair Jerome Powell said on Friday “the time has come” for the U.S. central bank to cut interest rates as rising risks to the job market left no room for further …
Posted: Aug 23, 2024
PCF Insurance Services has acquired the insurance business of 360 Insurance, based in Las Vegas, Nevada. With roots in the Las Vegas Valley, the acquired organisation is licensed to operate across the US. For over 75 years, 360 Insurance, a provid...
Posted: Aug 23, 2024
Insurance Business Magazine - US
Posted: Aug 23, 2024
Insurance Business Magazine - US
Posted: Aug 23, 2024
Accession Risk Management Group, the parent company of specialty insurance brokerages Risk Strategies and One80 Intermediaries, reports it has closed a $1 billion incremental debt raise and refinancing. Accession Risk Management Group is a portfolio...
Posted: Aug 23, 2024
Italian divers have retrieved the body of British tech magnate Mike Lynch’s18-year-old daughter, Hannah, who was the last person still unaccounted for after the family’s luxury yacht sank this week off Sicily. Seven people, including Lync...
Posted: Aug 23, 2024
Despite the Japanese government’s issuance of its first-ever Megaquake warning in August, reinsurers are well-positioned to absorb losses from major events, including a large Japanese earthquake, according to J.P. Morgan’s latest repor...
Posted: Aug 23, 2024
The latest people news in the industry today. The post Chris Nolan Promoted to Head of Surety at Zurich North America appeared first...
Posted: Aug 23, 2024
The type of weather phenomenon that may have led billionaire Mike Lynch’s yacht to sink in the Mediterranean this week is now more likely to happen as global warming has raised sea temperatures, according to climate experts. The tech tycoonR...
Posted: Aug 23, 2024
Total dedicated reinsurance capital went up by 7% in 2023 to $568 billion, and an even larger increase is projected for 2024 of up to $625 billion, according to a recent report by credit rating agency, AM Best. The report revealed that traditional...
Posted: Aug 23, 2024
Three oil tankers that are under British sanctions for transporting Russian petroleum are sailing under the flag of a nation that bases its operations in London. The Galaxy, the Liberty and the Rigel, all of which moved barrels for Moscow …
Posted: Aug 23, 2024
The latest people news in the industry today. The post Aaron Ware Joins Carisk Partners as New Chief Financial Officer appeared firs...
Posted: Aug 23, 2024
Ascot Group Ltd., the Bermuda-based global specialty insurance company, announced the launch of a unified capital management platform, Leadline Capital Partners, to support their expanded third-party capital business. Under this newly formed platform...
Posted: Aug 23, 2024
Specialty managing general agent (MGA) Nexus Group has announced the launch of a new Alternative Risk Transfer (ART) business, under the leadership of Christof Bentele, President of Nexus Specialty Casualty. Nexus ART will offer multi-year structu...
Posted: Aug 23, 2024
Greek wildfire risks increased as temperatures climb and near gale force winds blow across the Aegean Sea, while Storm Lilian is battering parts of the UK. There is a very high risk of fires in Athens and the surrounding Attica …
Posted: Aug 23, 2024
Greek wildfire risks increased as temperatures climb and near gale force winds blow across the Aegean Sea, while Storm Lilian is battering parts of the UK. Firefighters, supported by helicopters, are trying to control an outbreak in Paiania, on easte...
Posted: Aug 23, 2024
I have to imagine that anyone attending workers’ compensation conventions is a “student of the game.” In my “other life” as a licensed insurance agent, that idea goes well beyond the mandatory continuing education obligations. It’s an unders...
Posted: Aug 23, 2024
The primary insurance market now understands that price increases in property and casualty (P&C) reinsurance are needed going forwards, with the market now “reaching a new level of equilibrium”, according to Swiss Re’s Chief...
Posted: Aug 23, 2024
Alliant Insurance Services, headquartered in Irvine, California, hired Peter Miraglia as executive vice president, Alliant Specialty, within the company’s mergers & acquisitions vertical. Miraglia brings over three decades of insurance indu...
Posted: Aug 23, 2024
Hiscox has confirmed that Senior Independent Director Colin Keogh will be taking up the mantle as Interim Chair following the tragic death of Jonathan Bloomer. Before his passing, Bloomer pursued a successful portfolio career with a range of large...
Posted: Aug 23, 2024
DiPhilippo Joins Alliant Insurance Services’ Employee Benefits Team Alliant Insurance Services, headquartered in Irvine, California, hired Anthony DiPhilippo as vice president, employee benefits, health and welfare consultant within its employe...
Posted: Aug 23, 2024
Ping An Insurance (Group) Co. said profit rose nearly 7% in the first half, after a stock-market recovery helped bolster investment returns at China’s second-largest insurer by market value. Net income climbed to 74.6 billion yuan ($10.5 billio...
Posted: Aug 23, 2024
Intact Financial Corporation, a Canadian property and casualty insurer, has estimated total catastrophe losses quarter-to-date of approximately $1.1 billion, pre-tax and net of reinsurance, well above expectations for a third quarter. The insurer...
Posted: Aug 23, 2024
Posted: Aug 23, 2024
Posted: Aug 23, 2024
Ascot, the Bermuda-domiciled global specialty insurer, has launched a unified capital management platform, Leadline Capital Partners, to support its expanded third-party capital business. Under the Leadline Capital platform, Ascot has strategicall...
Posted: Aug 23, 2024
Guidewire, a provider of software solutions to the insurance industry, has announced the release of critical data and maps detailing wildfire risk in the United States, with this being available at the national, state, and local levels. Wildfire s...
Posted: Aug 23, 2024
Vanderbilt University is asking local Florida officials to approve its proposal to build a $520 million campus in the wealthy Palm Beach area, tapping into a growing region transformed by new outposts of financial firms. The Nashville-based school en...
Posted: Aug 23, 2024
A former West Virginia volunteer fire official is awaiting sentencing after he admitted to setting fire to his home, filing an insurance claim, and using the fire department’s credit card for personal gain. Donald A. Ennis, 43, of St. Albans, &...
Posted: Aug 23, 2024
A scrap metal dealer with a Virginia shop pled guilty this week to theft and tax charges related to his participation in a multi-state catalytic converter theft conspiracy. According to court documents, Theodore Nicholas Papouloglou, 45, used his bus...
Posted: Aug 23, 2024
An expelled Yale University student who was acquitted of sex assault charges in 2018 is now suing 15 women’s advocacy groups and an attorney for defamation after being called a “rapist” in a court brief that they filed in a …
Posted: Aug 23, 2024
Hymans Robertson, a pensions and financial services consultancy, has announced the appointment of two new hires to its Edinburgh office, Catherine Thain and Christian Ah-See who are joining the firm as Risk Transfer Specialists. “We are delighted...
Posted: Aug 23, 2024
New research indicates that what used to be the 100-year hurricane will now happen every 25 years, according to Deep Sky Research, a Montreal-based carbon removal project developer. The new report analyzes data within the U.S. via its Hurricane Rainf...
Posted: Aug 23, 2024