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International General Insurance Holdings Ltd. (IGI), the global specialty risks commercial insurer and reinsurer, has announced that it will commence trading at the specialist Lloyd’s re/insurance marketplace for the first time from May 9th, 2024....
Posted: May 08, 2024
The Top 15 U.S. Metros with High Exposure to Wildfire Risk The number of wildfires p...
Posted: May 08, 2024
Reserve Strengthening for Casualty L...
Posted: May 08, 2024
Posted: May 08, 2024
Global Indemnity Group, LLC has posted a net income available to shareholders of $11.3 million for the first quarter of 2024, compared to $2.4 million for the same period in 2023. According to the firm, the increase in net income was essentially d...
Posted: May 08, 2024
U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people familiar with the matter told Reuters. Tesla’s Auto...
Posted: May 08, 2024
Professional services and solutions firm Genpact has collaborated with Amazon Web Services (AWS) to accelerate annuity provider Revol One Financial’s entry into the fixed annuity insurance space. Revol One Financial is the marketing name for...
Posted: May 08, 2024
A new report from global ratings agency AM Best has highlighted how U.S. personal auto insurers are the furthest ahead when it comes to innovative processes like automated claims management and the use of data to automate underwriting. But, it app...
Posted: May 08, 2024
Aon, a global insurance and reinsurance broker, has announced the appointment of Will Allen as Executive Managing Director of Capital Advisory within Aon’s Reinsurance Solutions. Allen has over two decades of capital management experience to his n...
Posted: May 08, 2024
International General Insurance Holdings Ltd. announced it will begin trading for the first time at Lloyd’s on May 9, 2024, demonstrating the company’s long-term commitment to the London market. Located in the Lloyd’s underwriting r...
Posted: May 08, 2024
DWF, a global provider of integrated legal and business services, has announced the appointment of industry veteran Jim Bryant as a Partner in its Insurance Services division. In his new role, Bryant will collaborate with DWF’s London Market...
Posted: May 08, 2024
Digital insurance marketplace Nayms has partnered with Coinbase, a collaboration that aims to empower insurance companies, reinsurance funds, and capital providers by leveraging on-chain technology for seamless insurance transactions. Nayms will b...
Posted: May 08, 2024
Aon’s 2024 Client Trends Report outlines four megatrends impacting global business, with one of them being weather, driven by the escalating frequency and severity of extreme events, compelling organisations to manage climate risk in an increasing...
Posted: May 08, 2024
Tokio Marine Kiln (TMK) and Rezylient Insurance Agency, a wholly owned subsidiary of FloraTrace, have launched a new trade disruption product aimed to improve ethical practices in global supply chains. With new regulations such as the UFLPA in the...
Posted: May 08, 2024
Marsh, the insurance broking division of Marsh McLennan, has launched MiCAssure, a tailored insurance solution for crypto-asset service providers within the European Union (EU). This innovative insurance offering is designed for EU-based crypto-as...
Posted: May 08, 2024
Global insurance and reinsurance broker WTW has unveiled strategic enhancements to its global cyber facility, CyXS facility. The broker launched CyXS in January 2023, aiming to provide capacity and efficiency for clients around the world. Now, WTW...
Posted: May 08, 2024
Insurance and reinsurance broker McGill and Partners has appointed George Guy as Partner within the firm’s Complex Property, Casualty and Construction team. Guy joined the organisation in 2019 as an Associate within the firm’s Construc...
Posted: May 08, 2024
Christoph Jurecka, Chief Financial Officer (CFO) of Munich Re, stressed this morning that the global reinsurer will continue to be disciplined at the upcoming mid-year reinsurance renewals, and will focus on maintaining the improved terms and cond...
Posted: May 08, 2024
Insurance broker Marsh announced the launch of MiCAssure, a proprietary insurance solution for crypto-asset service providers such as custodians, exchanges, and administrators operating within the European Union (EU), which are required to comply wit...
Posted: May 08, 2024
London market wholesale insurance broker Evolin Broking has launched a new terrorism facility, Assailant Protect, underwritten at Lloyd’s of London and led by global specialty (re)insurance group, Chaucer. As per Evolin, the facility has up to a $...
Posted: May 08, 2024
The Baldwin Group, formerly known as BRP Group, Inc., has posted their results for the first quarter of 2024, which includes total revenues increasing 15% year over year to $380.4 million, compared to $330.4 million from the prior year quarter. At...
Posted: May 08, 2024
Marty Malinow’s mom never could get her head around what her son did for a living. To friends, she said he was “a stockbroker that does something with the weather.” Malinow couldn’t really object — he knew most people had R...
Posted: May 08, 2024
Flood Re, the joint initiative between the UK Government and the insurance industry, has revealed changes to key scheme parameters aimed at ensuring the continued availability and affordability of flood insurance. According to Flood Re, these adju...
Posted: May 08, 2024
Paratus Holdings Limited, an insurer focused on decarbonisation, has appointed Russell Day as Chief Financial Officer. The insurer stated this appointment represents the next stage of development for the firm following the recent completion of a g...
Posted: May 08, 2024
Re/insurer International General Insurance Holdings Ltd. (IGI) has reported a Q1 2024 combined ratio of 74.1%, an improvement of 4.3 points compared to 78.4% in Q1 2023. The re/insurer’s net income for this quarter increased 11.8% to $37.9 million...
Posted: May 08, 2024
Saudi Arabian fintech firm Rasan intends to sell a 30% stake in its Riyadh initial public offering, making it one of the first companies from the sector to go public in the kingdom. Rasan and its investors will offer 22.7 …
Posted: May 08, 2024
Posted: May 08, 2024
Posted: May 08, 2024
Posted: May 08, 2024
The Ardonagh Group has entered into a Scheme Implementation Deed (SID) to acquire all the issued ordinary shares in PSC Insurance Group Limited. The Scheme Cash Consideration represents an implied equity value of A$2.256 billion and enterprise val...
Posted: May 08, 2024
The Ardonagh Group has entered into a Scheme Implementation Deed (SID) to acquire all the issued ordinary shares in PSC Insurance Group Limited. The Scheme Cash Consideration represents an implied equity value of A$2.256 billion and enterprise val...
Posted: May 08, 2024
Typhoon activity in the Northwest Pacific region is expected to be about 20% below normal this year, forecaster Tropical Storm Risk said in its first outlook of the season. The London-based group said it expects 15 typhoons, seven of which …
Posted: May 08, 2024
April was the Earth’s 11th consecutive month of record-breaking heat, with warmer weather already sweeping across Asia and a hotter-than-usual summer expected in Europe. The European Union’s Copernicus Climate Change Service said last mon...
Posted: May 08, 2024
Bermuda domiciled insurer and reinsurer Everest has announced the promotion of Dean Brown, who joined the firm in 2021 from Chubb, as its new Global Chief Operations Officer (COO). In his new role, Brown takes on oversight of operations and analyt...
Posted: May 08, 2024
Full repairs to three submarine internet cables damaged in the Red Sea in February are being held up by disputes over who controls access to infrastructure in Yemeni waters. The Yemeni government has granted permits for the repair of two …
Posted: May 08, 2024
DES MOINES, Iowa (AP) — A Tennessee-based sanitation company has agreed to pay more than half a million dollars after a federal investigation found it illegally hired at least two dozen children to clean dangerous meat processing facilities in Iowa &...
Posted: May 08, 2024
NEW ORLEANS (AP) — Authorities have expanded an investigation of clergy sexual abuse in the Roman Catholic Church in New Orleans to include senior church officials suspected of shielding predatory priests for decades and failing to report their crime...
Posted: May 08, 2024
Global reinsurer Munich Re has today announced a rise in insurance revenue from contracts issued to €15.1 billion for the first quarter of 2024, driven by organic growth in its reinsurance business and also at ERGO International. Last month, Munic...
Posted: May 08, 2024
Reinsurance brokerage firm Augment Risk has appointed renowned industry veteran Alan Quilter as Strategic Advisor, joining the firm’s leadership team to support the company’s ongoing mission to serve clients with capital efficient solu...
Posted: May 08, 2024
Insurance specialist, Meridian Risk Solutions Limited has announced Darren Bailey is joining the company to lead its newly-launched unit Meridian Structured Solutions (MSS). As Head of Structured Solutions, a London-based role, Bailey will be assi...
Posted: May 08, 2024
Pension Insurance Corporation (PIC), the specialist insurer of UK defined benefit pension schemes, has completed transactions with total premiums of £1.5 billion, marking a “strong” start to the year, in the firm’s first quarter of 2024 resu...
Posted: May 08, 2024
U.S.-Israeli cloud cybersecurity startup Wiz said on Tuesday it raised $1 billion in a private funding round that values the four-year old company at $12 billion. Wiz, which has raised $1.9 billion since its founding in 2020, said the funds …
Posted: May 08, 2024
China-based ByteDance Ltd. made clear it won’t comply with a new US law requiring it to sell its popular TikTok video-sharing app, setting up what likely will be a prolonged court battle pitting free-speech rights against national-security inte...
Posted: May 08, 2024
The Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and other misconduct, according to an independent report released on Tuesday that raises questions about the future of the banking regulator&...
Posted: May 08, 2024
I readily admit that lists of top risks, top threats, and opportunities for insurance are well-trodden ground, and ranking risks in order of importance inevitably triggers debate about which risk should be near the top or bottom, rather than the R...
Posted: May 08, 2024
SAVANNAH, Ga. (AP) — Georgia’s attorney general says city officials in Savannah overstepped their authority by making it illegal to leave firearms in unlocked cars. Savannah’s mayor and city council in April enacted the new city ordinance...
Posted: May 08, 2024
The Georgia insurance commissioner is accepting comments on proposed rule changes that would cut the pre-licensing course load by almost two-thirds for personal lines agents. “The primary purpose of the proposed changes to all Regulation Chapte...
Posted: May 08, 2024
A former Scranton attorney has been sentenced to prison for lying to clients who filed civil cases and for forging corresponding documents — including a judge’s signature. Pennsylvania Attorney General Michelle Henry reported that James Conaboy...
Posted: May 08, 2024