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Insurance Business Magazine - US
Posted: Apr 02, 2024
Insurance Business Magazine - US
Posted: Apr 02, 2024
Kenneth Reilly is appointed as CEO, Insurance, for the Asia Pacific region.
Posted: Apr 02, 2024
Assurity has made it easy to integrate with their API suite to grow your disability insurance sales quickly and at scale.
Posted: Apr 02, 2024
Posted: Apr 02, 2024
Jensten, the London-based independent insurance broking group, announced the acquisition of Henry Seymour & Co. The deal, which is subject to regulatory approval, will introduce to the business a team of 22 professionals, an office located in Sut...
Posted: Apr 02, 2024
Jeff Huebner of CSAA and Zach Knight of Blue Forest offer their views on how we can manage our forests differently and perhaps better mitigate wildfire risk in the process. The post
Posted: Apr 02, 2024
Global specialty insurance firm Ascot has announced the establishment of a new parametric insurance capability to complement its Property offering. This enhanced capability will be led by Mark Pepper, Ascot Group Chief Underwriting Officer and sup...
Posted: Apr 02, 2024
There is no excerpt because this is a protected post. The post Protected: H...
Posted: Apr 02, 2024
Imperial PFS (IPFS) has acquired Stonemark, Inc., a privately held premium finance organization. The transaction closed on April 1, 2024. Frisco, Texas-based Stonemark’s existing client base of over 4,000 agencies, along with their entire team,...
Posted: Apr 02, 2024
Large European reinsurers posted very strong financial results for 2023, enabling them to bolster reserves and balance sheets and this will support ratings in 2024, according to analysis by Fitch Ratings. The ratings agency feels that Europe’...
Posted: Apr 02, 2024
The United States and Britain on Monday announced a new partnership on the science of artificial intelligence safety, amid growing concerns about upcoming next-generation versions. Commerce Secretary Gina Raimondo and British Technology Secretary Mic...
Posted: Apr 02, 2024
Storms and tornadoes are in the forecast for states across the Midwest in the US, with further weather warnings and advisories stretching further east. There is a moderate risk of severe thunderstorms — which could bring hail, tornadoes, and straight...
Posted: Apr 02, 2024
Strategic Risk Solutions (SRS), an independent insurance company manager, has announced the addition of Marco Adamo and Roy Baumann to SRS Altitude as Senior Alternative Risk Transfer (ART) experts. Effective April 2, 2024, Adamo will lead Altitud...
Posted: Apr 02, 2024
Managing General Agent Devonshire Underwriting has today announced its market launch, focussed on “positively disrupting” the transactional risk (TR) insurance space. The MGA will be led by four founders and partners – Natasha Attray,...
Posted: Apr 02, 2024
Devonshire UW Ltd. and its affiliate Devonshire UW Europe GmbH (known collectively as “Devonshire Underwriting”) announced the launch of a managing general agent specializing in transactional risk solutions. Focused on positively disrupti...
Posted: Apr 02, 2024
Natural catastrophes caused US $65 billion economic losses in the Asia Pacific region in 2023, according to global professional services firm, Aon. In their recently published 2024 Climate and Catastrophe Report, Aon highlighted how there were 398...
Posted: Apr 02, 2024
Fidelis Partnership Gets ‘In Principle’ Approval From Lloyd’s to Laun...
Posted: Apr 02, 2024
Other Major U.S. Bridge Collapses Caused by Ships and Barges A container...
Posted: Apr 02, 2024
Insurance Industry Readies for Historic Losses From Baltimore Bridge Tragedy It's very e...
Posted: Apr 02, 2024
The latest hiring announcement within the insurance and risk management industry. The post Lynda Gammons Na...
Posted: Apr 02, 2024
Holborn Corporation (Holborn), an independent reinsurance broker, has appointed Christopher McGrath to the position of Senior Vice President (SVP), Client Solutions. In his new role, McGrath will collaborate with Holborn’s client-facing teams to e...
Posted: Apr 02, 2024
Active insurance pioneer Coalition has announced that its full-stack carrier, Coalition Insurance Company (CIC), is now quoting for its admitted cyber product across the entire United States. Through CIC, the US admitted carrier wholly owned by Co...
Posted: Apr 02, 2024
U.S.-listed shares of pot producers rose premarket on Tuesday after the Florida Supreme Court on Monday allowed voters to decide on the fate of recreational use of marijuana in the state through a referendum on the November ballot. If voters …
Posted: Apr 02, 2024
Global reinsurer Ariel Re, has announced the promotion of 13 staff in its Bermuda and London offices, a move that underlines its mission to become an ‘academy firm’, which will support and develop talent in the reinsurance industry. The new promot...
Posted: Apr 02, 2024
A billionaire Donald Trump supporter whose California company is known for subprime auto loans offered to arrange the former president’s $175 million appeal bond in New York state’s civil fraud suit, though he said politics had nothing to...
Posted: Apr 02, 2024
French reinsurer CCR Re has reported a 2.1 percentage point improvement in its combined ratio for 2023 to 96.6%, despite the cost of natural catastrophes, net of retrocession, rising by €53 million year-on-year to €88 million. Gross, natural catas...
Posted: Apr 02, 2024
In September, Hyundai and Kia issued a recall of 3.4 million of its vehicles in the United States with an ominous warning: The vehicles should be parked outdoors and away from buildings because they risked catching fire, whether the engines …
Posted: Apr 02, 2024
Fleming Insurance Holdings CEO Eric Haller has suggested that while the firm will continue to defend itself against the “meritless lawsuit” recently filed by James River Group Holdings, Fleming remains willing to acquire JRG Re “...
Posted: Apr 02, 2024
Insurance Business Magazine - US
Posted: Apr 02, 2024
Health authorities searched a second Kobayashi Pharmaceutical factory in western Japan on Sunday after the company reported five deaths possibly tied to dietary supplements, an official said. The inspection in Wakayama prefecture follows one on Satur...
Posted: Apr 02, 2024
Donald Trump followed through on his vow to pay a $175 million bond to put a massive civil fraud verdict on hold while he appeals it, assuring New York state won’t start seizing the former president’s assets, at least for …
Posted: Apr 02, 2024
Arthur J. Gallagher & Co., a global insurance brokerage, has recently acquired two Florida-based companies: Specialty Risk Management Services, LLC, and Private Client Insurance Services, LLC, both located in Fort Myers. Specialty Risk Managem...
Posted: Apr 02, 2024
As per the CRESTA Industry Loss Index (CLIX), which provides data on non-US cat events that have generated industry losses above USD $1 billion, the Noto Peninsula Earthquake that struck Japan on January 1, 2024, is the only event that was added t...
Posted: Apr 02, 2024
Sompo, a global provider of commercial and consumer property and casualty re/insurance, has announced the appointment of Kenneth Reilly as Chief Executive Officer (CEO), Insurance, for the Asia Pacific region, succeeding Daniel Neo who is to retir...
Posted: Apr 02, 2024
As the fallout from the collapse of the Baltimore bridge last Tuesday continues, analysts at Fitch Ratings have said that although a tragic disaster with significant economic repercussions, the event will have a limited impact on individual reinsu...
Posted: Apr 02, 2024
AmRisc, a coastal commercial property insurance subsidiary of Truist Insurance Holdings, has raised $325 million of capacity for an insurance sidecar Trouvaille Re Ltd., supported by Stone Point Capital. The sidecar will reportedly provide collate...
Posted: Apr 02, 2024