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Series of Public Events Along East Coast to Highlight Hurricane Awareness With the the start of the 2024 Atlantic hurricane season less than a month away, NOAA and the U.S. Air Force Reserve will host a series of events to help communities along the...
Posted: May 03, 2024
Pinegrove and SVB Capital will operate independently.
Posted: May 03, 2024
For decades, residents of eastern Queens in New York City have complained that they’re more likely to lose power when extreme weather hits, even as lights in other parts of the city stay on. A new study that looks at …
Posted: May 03, 2024
Munich Re’s REALYTIX team has launched a generative AI co-pilot facilitating insurance solution development of clients. With REALYTIX ZERO, Munich Re has been providing a cloud-based underwriting platform with based on its underwriting exper...
Posted: May 03, 2024
Cracked steel columns are not “property damage,” but are building products that are not covered by a contractor’s general liability policy, the U.S. 7th Circuit Court of Appeals decided in an opinion that lets St. Paul and other ins...
Posted: May 03, 2024
With the Texas Windstorm Insurance Association (TWIA) requiring its largest reinsurance purchase on-record given its significant exposure growth, the residual market insurer is making rapid progress, with $750 million of its traditional reinsuranc...
Posted: May 03, 2024
Specialty insurance provider Trisura Group has reported a remarkable net income of $36.4 million for the first quarter of 2024, representing a significant 160.7% increase compared to $14 million in the same period last year. The company attributes...
Posted: May 03, 2024
Effort and dedication are key Increasing your referral sources is about building meaningful relationships with those who have the potential to refer you. By Carolyn Smith, APR, TRA In our Trusted Risk Advisor program, participants are asked to reflec...
Posted: May 03, 2024
AXA XL has announced the appointment of Matthew V. O’Malley to the newly created role of Chief Client & Distribution Officer for the Americas. In his new role, O’Malley will lead AXA XL’s US zonal teams, Canada and Bermuda co...
Posted: May 03, 2024
Brookfield Reinsurance, a capital solutions business that provides insurance and reinsurance services to individuals and institutions, has completed the acquisition of American Equity Investment Life Holding Company (AEL). The deal, announced in J...
Posted: May 03, 2024
Yemen’s Houthis will target ships heading to Israeli ports in any area that is within their range, military spokesman Yahya Sarea said in a televised speech on Friday. “We will target any ships heading to Israeli ports in the Mediterranea...
Posted: May 03, 2024
Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating U.S. laws against money laundering at the world’s largest cryptocurrency exchange. Once considered the m...
Posted: May 03, 2024
Senator Brown and Secretary Yellen discuss baffling and terrifying forms of risk “When Wall Street tries to shapeshift to evade the watchdogs we depend on, FSOC [Financial Stability Oversight Council] must be there to take action to protect our econo...
Posted: May 03, 2024
American multinational financial services company, Corebridge Financial has announced its first quarter of 2024 financial results, reporting a net income of $878 million compared to a net loss of $459 million in the prior year quarter. According t...
Posted: May 03, 2024
Marsh McLennan, the insurance and reinsurance broker, has launched Sentrisk, an artificial intelligence-powered platform, which aims to help businesses manage global supply chain risk. Created through the combined capabilities of Marsh McLennan busin...
Posted: May 03, 2024
After a failed vote to build a downtown Kansas City Royals stadium, another of the city’s professional sports teams is planning to expand with a mixed-used entertainment district. The Kansas City Current, the city’s National Women’s...
Posted: May 03, 2024
Global insurer AXA and Athora have mutually agreed to terminate the sale agreement related to the purchase of a closed life and pensions portfolio from AXA Germany, which was initially announced on July 14, 2022. According to the announcement, AXA...
Posted: May 03, 2024
Artsana, a maker of child car booster seats, last year agreed to settle claims that it had misled customers about how to use its products, offering $50 to people who had bought Chicco-brand seats. The company, which did not admit …
Posted: May 03, 2024
American Financial Group, Inc. (AFG) has reported a net income of $242 million for the first quarter of 2024, reflecting an increase from $212 million reported in Q1’23. In Q1, AFG’s net earnings included after-tax non-core net realised gain...
Posted: May 03, 2024
(AP) Arrest warrants must be served to alleged criminals if society is going to function. But there is no guarantee of safety for police officers knocking on their doors. The grim risks came into stark relief Monday when four law …
Posted: May 03, 2024
Enstar Group has posted net earnings of $119 million in the first quarter of 2024, compared to net earnings of $424 million in Q1 2023. Return on equity (ROE) was 2.4% for the quarter, compared to 9.5% from the previous year, while adjusted ROE wa...
Posted: May 03, 2024
Israeli cyber security startup Apex, which focuses on protecting the rapid use of artificial intelligence (AI) tools, said on Thursday it received an undisclosed investment from OpenAI Chief Executive Sam Altman. In all, Apex raised $7 million in a s...
Posted: May 03, 2024
Delos Insurance Solutions, has partnered with underwriters from Lloyd’s of London to expand wildfire insurance coverage to a broader range of California policyholders with vacant properties. Delos employs cutting-edge technology to provide insuran...
Posted: May 03, 2024
Malibu Life Re will focus on providing asset-intensive reinsurance solutions and has entered into a treaty with a leading US annuity provider.
Posted: May 03, 2024
Severe convective storms, tornadoes, strong winds, hail and flooding struck central United States throughout the last week, which could potentially result in a loss that runs into the billions of dollars, on both an economic and insured basis, Aon...
Posted: May 03, 2024
AXA, Europe’s second-largest insurer, reported a 6% increase in total revenue during the first quarter to €34 billion ($36.4 billion), compared with €31.8 billion ($34.1 billion) in Q1 2023. The increase in Q1 gross written premiums (GWP) and o...
Posted: May 03, 2024
AXA, Europe’s second-largest insurer, reported a 6% increase in total revenue during the first quarter to €34 billion ($36.4 billion), compared with €31.8 billion ($34.1 billion) in Q1 2023. The increase in Q1 gross written premiums (GWP) and o...
Posted: May 03, 2024
Bermuda-based re/insurer Lancashire Holdings Limited has announced two senior appointments: Paul Gregory as an Executive Director on its Board and Philip Broadley as the Chair of the Board of Directors. Gregory previously held the position of Chie...
Posted: May 03, 2024
International specialty insurance firm, Ryan Specialty Holdings, Inc., has reported Q1 2024 revenue growth of 20.6% year-over-year as well as an increase in net income of 11.6% year-over-year when compared to the same period last year. The firm’s...
Posted: May 03, 2024
Fairfax Financial Holdings has revealed that its property and casualty insurance and reinsurance operations produced an adjusted operating income of $977.1 million in Q1 of 2024, up from $843 million in the opening quarter of 2023. As per Fairfax,...
Posted: May 03, 2024
Tiptree has posted a net income of $9.1 million for the first quarter of 2024, compared to a net loss of $1.1 million in the first quarter of 2023. The company attributed this increase towards growth seen within their insurance business, improved...
Posted: May 03, 2024
Samantha Bradley of HUB International works hard to make her clients feel like they've got an adviser and advocate in her. The post
Posted: May 03, 2024
Zurich-based catastrophe insurance data provider PERILS has disclosed its third industry loss estimate for Extratropical Windstorm “Ciarán”, increasing the figure to €2.04 billion. The windstorm, also known as “Emir”, affected France, the United K...
Posted: May 03, 2024
In their results for the first quarter of 2024, Hippo Holdings Inc. has announced that it’s total generated premium (TGP) grew by 20% year-over-year, reaching $294 million, compared to $244.9 million from the prior year quarter. At the same...
Posted: May 03, 2024
Odyssey Group Holdings, Inc., a global reinsurance and specialty insurance company has announced that Odyssey Reinsurance Company’s global Chief Executive Officer, Carl Overy, will succeed Brian Young as CEO of Odyssey Group effective January 1, 2...
Posted: May 03, 2024
Global insurer AXA has revealed that its AXA XL Reinsurance division grew premiums by 9% in Q1 of 2024 to €1.3 billion, driven by favourable price effects in the Property and Casualty business and higher volumes in Specialty. AXA’s total gro...
Posted: May 03, 2024
Oman Re, the sole reinsurer in the Sultanate of Oman, has reported a net profit after tax of OMR977K (USD 2.5 million), a remarkable 83% increase compared to the same period last year, when the net profit stood at OMR 534K (USD 1.4 million). Drive...
Posted: May 03, 2024
Posted: May 03, 2024
Ascot Group, the global specialty insurance firm, has appointed Michael Watkins to the newly created role of Head of Bermuda Insurance, simultaneously, Jason Pugi has been named the Head of Bermuda Excess Casualty. Watkins will be supported by the...
Posted: May 03, 2024
Heritage Insurance Holdings has reported a net income of $14.2 million for the first quarter of 2024, a slight improvement compared to $14 million for Q1’23. This increase can be attributed primarily to a rise in net premiums earned and higher net...
Posted: May 03, 2024
Uber Technologies Inc. was sued by thousands of London’s black cab drivers in a suit seeking hundreds of million pounds accusing it of unlawfully operating in the capital city. The claim alleges Uber improperly obtained a license to operate in...
Posted: May 03, 2024
Allianz has announced the appointment of Nicola George as the Managing Director (MD) of its personal lines broker business in the UK, which will undergo a rebranding from LV= Broker to Allianz on May 1st. George’s appointment follows Mike Cr...
Posted: May 03, 2024
Inari, a technology solution provider for global insurance and reinsurance companies, has appointed Amanda Strazdins as Vice President (VP) of Sales, based in London. Strazdins joined in April, and her remit includes leading all of the commercial...
Posted: May 03, 2024