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WTW, an advisory, broking, and solutions firm, has named Aon’s James Baum as the Head of Australia and New Zealand and the Head of Corporate Risk & Broking (CRB) for these regions, starting on July 15. Simon Weaver will continue his duti...
Posted: Jul 03, 2024
Lexasure Financial Group Limited (Lexasure), specialising in reinsurance, insurance, and insurtech solutions across South and Southeast Asia, joins forces with OneDegree Global (ODG), the technology division of OneDegree Group renowned for its IXT...
Posted: Jul 03, 2024
Hurricane Beryl churned toward Jamaica with violent winds, heavy rains and a life-threatening storm surge that could cause more than $1 billion in damage. Beryl’s winds roared at 145 miles (230 kilometers) per hour early Wednesday, making it a...
Posted: Jul 03, 2024
Independent specialist re/insurance broker Miller has made three new hires in its Solicitors’ Professional Indemnity (PI) team, namely Calum MacLean, Chris Jones and Tom Davies. All will report to Zarina Lawley, Head of Legal Services. Calum MacLe...
Posted: Jul 03, 2024
China is moving closer to unveiling its financial stability law, which includes setting up a fund to rescue troubled financial institutions, as part of Beijing’s broader efforts to prevent systemic financial risks in the world’s second-bi...
Posted: Jul 03, 2024
Marsh McLennan Agency, a subsidiary of Marsh, has acquired Hudson Shore Group, a public and private sector employee benefits broker based in Red Bank, New Jersey, US, in an undisclosed transaction. Founded in 2010, Hudson Shore Group specialises i...
Posted: Jul 03, 2024
Pension Insurance Corporation plc (PIC) has completed a £1.2 billion buy-in with the Trustee of the TotalEnergies UK Pension Plan, sponsored by TotalEnergies, an energy company involved in oil, biofuels, natural gas, green gases, renewables, and e...
Posted: Jul 03, 2024
The City of London Corporation deferred a vote on plans for a new 73-story office tower next to the Gherkin that’s set to become the tallest building in the historic financial district. The City Corporation’s planning committee voted Tues...
Posted: Jul 03, 2024
Global insurance and reinsurance broker Aon has announced the appointments of Luis Acevedo as Head of Analytics for Commercial Risk in Latin America and Peter Cheesman as Head of Analytics for Risk Capital in Asia Pacific (APAC), in addition to hi...
Posted: Jul 03, 2024
Global advisory, broking, and solutions company WTW has revealed the introduction of IMI Plus, an enhanced investment management insurance solution designed to meet the needs of all kinds of asset managers, including wealth managers, hedge funds,...
Posted: Jul 03, 2024
David Sungjin Kim has become the new Chief Executive Officer of Korean Re London, a position he will hold while also maintaining his role as Director of Korean Re Underwriting Limited (KRUL). Korean Re London is a wholly owned subsidiary of Seoul...
Posted: Jul 03, 2024
Insurance Business Magazine - US
Posted: Jul 03, 2024
Insurance Business Magazine - US
Posted: Jul 03, 2024
Developing the right culture, choosing the right team members, then granting them autonomy is the secret to Alliant Retail Brokerage’s success. The post
Posted: Jul 03, 2024
Florida domiciled property insurer, American Integrity Insurance, has significantly reduced its rates by 6.9%, benefiting more than 55,000 customers. At the same time, the insurer has revealed that nearly 215,000 homeowners can now enjoy stable ra...
Posted: Jul 03, 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has appointed Kathleen Ziegler as the new Chief Operating Officer (COO) for Americas Insurance business, reporting to Lucy Pilko, Chief Executive Offi...
Posted: Jul 03, 2024
Global insurance intermediary group Howden has reached an agreement to acquire the AGEO brokerage group, an independent Employee Benefits insurance broker headquartered in Paris. Founded in 1984 by Eric and Maryse Oziebala, AGEO specialises in Emp...
Posted: Jul 03, 2024
Specialist insurer Beazley has announced the appointment of Sam Franks as Country Manager, UK & Ireland, effective immediately. In his new role, based in Birmingham, Franks will focus on the development of Beazley’s UK and Irish regional busin...
Posted: Jul 03, 2024
A new report from Gallagher Re has observed that reinsurers overall maintained a healthy appetite and stable capacity for US Casualty lines at the July 1 renewals. Commenting on the US general third party liability segment of the casualty insuranc...
Posted: Jul 03, 2024
Posted: Jul 03, 2024
Posted: Jul 03, 2024
Ryan Specialty Holdings, the international specialty insurance firm, has made a number of executive leadership team promotions for Ryan Turner Specialty (RT Specialty), the company’s wholesale brokerage division, effective October 1, 2024. A...
Posted: Jul 03, 2024
Re/insurance broker Arthur J. Gallagher & Co. has acquired California-based Cornerstone Commercial & Personal Insurance Services, Inc. (Cornerstone) in an undisclosed transaction. Cornerstone has been serving both commercial and personal c...
Posted: Jul 03, 2024
Insurance brokerage, Relation Insurance Services, has acquired the assets of York Insurance Services, Inc. (York). The transaction went into effect on May 31, 2024. Terms of the transaction were not disclosed. Based in Forest Hill, Maryland, York...
Posted: Jul 03, 2024
Howden, a global insurance intermediary group, has entered the Japanese market with the launch of Howden Re Japan, and also announced a new insurance-linked securities (ILS) partnership with Keystone ILS Capital, a boutique consultancy focused on...
Posted: Jul 03, 2024
According to the Consumer Protection Safety Commission, about 9,700 people in 2023 were treated in emergency rooms for fireworks-related injuries. In its annual report, CPSC said there is a “statistically significant trend” upward in the...
Posted: Jul 03, 2024
Berkshire Hathaway Specialty Insurance (BHSI) has recently expanded into the Nordic countries with a new office opening in Stockholm, Sweden. The Nordic office will offer services in Executive & Professional Lines, General Property, Energy, an...
Posted: Jul 03, 2024
Medical costs for workers’ compensation increased nationally 11% and first-party claims grew 5% over the last four years, a new report shows. Enlyte’s “Quarterly Medical Price Index (MPI) Report,” based on trends from professi...
Posted: Jul 03, 2024
For the second year in a row, the U.S. property/casualty industry booked an underwriting loss of more than $20 billion primarily due to the lackluster performance of personal auto and home insurance lines. The total U.S. P/C underwriting loss in R...
Posted: Jul 03, 2024
ORLANDO, Fla. (AP) — The Coral Gables Art Cinema will be short more than $100,000 this year. About $150,000 has suddenly disappeared from the Orlando Philharmonic Orchestra’s budget. The Miami New Drama also has an unexpected $150,000 budget ho...
Posted: Jul 03, 2024
Hub International, a global insurance brokerage, has acquired Georgia-based Skinner & Co., a brokerage offering commercial coverage, performance bonds and risk management services. Terms of the deal were not disclosed. Todd Skinner and team, in M...
Posted: Jul 03, 2024
Washington Insurance Commissioner Mike Kreidler’s office issued more than $500,000 in fines in May and June for violations of state insurance laws and regulations, including fining Unite Health Share Ministries $300,000 for acting as an unautho...
Posted: Jul 03, 2024
A man was killed when some fireworks exploded at his Pennsylvania home, state police said. Michael Cross, 55, of Union City, was working in his garage when the blast occurred around 10:15 a.m. Sunday in the Erie County community. Neighbors …
Posted: Jul 03, 2024
Industrial generative AI company, Zapata Computing Holdings Inc., and KPMG UK, an audit, tax, and advisory services firm, have completed a successful client project to streamline the compliance models of an international insurance firm. By leverag...
Posted: Jul 03, 2024
A federal appeals court has ruled that Virginia’s $350,000 punitive damages cap applies on a per-plaintiff basis in a case against white supremacists who organized the “Unite the Right” rally in Charlottesville in August 2017. A Fou...
Posted: Jul 03, 2024
Monroe Insurance Center, Inc., an independent insurance and risk management agency in Monroe, Connecticut, has merged its operations with Smith Brothers Insurance. The leadership team at Monroe Insurance Center including John Rodrigues, Anna Rodrigue...
Posted: Jul 03, 2024
A Philadelphia jury has awarded $68.5 million in damages to the widow and son of a 38-year-old construction worker who was killed in 2021 in a fall from a fifth-floor balcony at a luxury townhouse site. Siarhei Marhunou’s widow, Hanna, …
Posted: Jul 03, 2024
A Philadelphia jury has awarded $68.5 million in damages to the widow and son of a 38-year-old construction worker who was killed in 2021 in a fall from a fifth-floor balcony at a luxury townhouse site. Siarhei Marhunou’s widow, Hanna, …
Posted: Jul 03, 2024
Liberty Specialty Markets (LSM), a division of the Liberty Mutual group, has hired a new Head of Client & Broker Distribution, Continental Europe, Karine Paul, who will take over her role with immediate effect. In her new role, Paul has a wide...
Posted: Jul 02, 2024
The vendor’s customers achieve 95 percent document analysis accuracy and greater than 90 percent in subrogation liability assessment from Shift solutions.
Posted: Jul 02, 2024
Charles Taylor further grows its Aviation adjusting offering through the acquisition of U.S. independent loss adjuster.
Posted: Jul 02, 2024
The new solution replaces manual and complex processes of lien release and title procurement to resolve total loss claims faster, with increased confidence in consistency and quality.
Posted: Jul 02, 2024
To better meet agents’ expectations and needs, more carriers are looking to create a digital-first experience and provide responsive, personalized on-screen service to agents within the portal, where they’re already working.
Posted: Jul 02, 2024
"One thing I've always loved, even outside of work, is helping other people," says young agent Jesica Hernandez. "The opportunity to help people protect what they've worked hard for is very fulfilling."
Posted: Jul 02, 2024
"At the end of the day, I think different perspectives are important in any organization," says young agent Cole Schanandore. "Every generation needs to be adaptable and learn to work together as a team."
Posted: Jul 02, 2024
Firefighters increased containment on the biggest wildfire currently burning in California, but triple-digit temperatures are expected to bake the state and increase wildfire risk. The Basin Fire in Fresno County has burned 13,551 acres and is 17% co...
Posted: Jul 02, 2024
PG&E Corp. cut power to about 2,000 homes and businesses in Northern California as triple-digit temperatures, strong winds and low humidity heightened the risk of wildfires. The utility said it preemptively shut power across small areas of eight...
Posted: Jul 02, 2024