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Insurance Business Magazine - US
Posted: Mar 20, 2024
Former Markel Group CEO Kirshner, 88, Dies Former Markel Group CEO Alan Kirshner died on March 17, said t...
Posted: Mar 20, 2024
Despite growth expected for cyber insurance in 2024, actuarial consultancy OAC – part of the Broadstone Group – predicts a mixed market outlook in the year as there are some areas of concern that could lead to a major loss event and ha...
Posted: Mar 20, 2024
A New York state judge has allowed a case seeking to hold social media companies liable in the tragic mass killing at a Buffalo supermarket in 2022 to go forward on grounds of product liability. Erie County Supreme Court Judge …
Posted: Mar 20, 2024
Coterie Insurance, an insurtech managing general agent (MGA), has recently secured $27 million in new capital investment from Hiscox, alongside various existing investors. Expressing gratitude for this investment, David McFarland, CEO of Coterie,...
Posted: Mar 20, 2024
FORT LAUDERDALE, Fla. (AP) — A South Florida Jewish center suffered severe damage in a weekend arson fire that police believe was set by a mentally ill homeless man who previously confronted the rabbi and others. Rabbi Chaim Slavaticki said …
Posted: Mar 20, 2024
Independent reinsurance broker, Holborn Corporation (Holborn), has recently announced the appointment of Luke Kwiatkowski to Senior Vice President (VP) and Chief Financial Officer (CFO). In his role as CFO, Kwiatkowski will oversee all financial a...
Posted: Mar 20, 2024
The Clear Group has posted its latest annual results to October 31, 2023, which showed strong growth through acquisition and underlying operating profit. According to the firm, revenue increased by 31.7%, reaching £74.7 million, compared to last y...
Posted: Mar 20, 2024
This edition of International People Moves details appointments at re/insurer Sompo and the re/insurance broker BMS. A summary of these new hires follows here. Sompo Promotes Allen as CUO of Global Markets Commercial P&C Insurance, Succeeding Eas...
Posted: Mar 20, 2024
Carrot General Insurance, a South Korean digital insurance company, has partnered with Lippo General Insurance (LGI), Indonesia to develop a Behaviour Based Insurance (BBI) solution. Drawing on its extensive data capabilities and experience, Carro...
Posted: Mar 20, 2024
Property and casualty insurer, The Hartford, has named Matthew Massaro head of sales and underwriting for its Middle and Large Commercial Businesses’ Northeast Division. Massaro has been with the insurer for more than 25 years, most recently servi...
Posted: Mar 20, 2024
The Ardonagh Group, the London-based independent insurance distribution platform, announced it has agreed to acquire Mediass, an independent Italian insurance broker company. Financial details of the deal were not disclosed. Based in Pescara, in the...
Posted: Mar 20, 2024
Independent specialist re/insurance broker, BMS, has hired Daniel Leahy as cyber practice divisional director, where he will be based in London. BMS has confirmed that Leahy will co-lead the company’s cyber practice alongside fellow divisio...
Posted: Mar 20, 2024
Tokio Marine could potentially spend around $10 billion on overseas acquisitions and is patiently tracking public companies around the world, the co-head of the Japanese insurer’s expanding international business told Reuters. Tokio Marine̵...
Posted: Mar 20, 2024
Fidelis MGU, which will rebrand to “The Fidelis Partnership” on the 28th of March, has revealed gross written premium (GWP) grew by 19% to $3.6 billion in 2023, including 39% growth in its Specialty portfolio. According to the firm, GW...
Posted: Mar 20, 2024
The Ardonagh Group has agreed to acquire Mediass, an independent Italian insurance broker. Based in Pescara and founded in 1996, Mediass serves more than 120,000 customers, providing insurance broker services to public enterprises, SMEs, large cor...
Posted: Mar 20, 2024
United Risk has recently launched Applied Credit Underwriters, a new division dedicated to managing global risks associated with credit, contracts, and politics. Leading this division is industry veteran Bernie de Haldevang, who steps into the rol...
Posted: Mar 20, 2024
Austin, TX., March 18, 2024– The National Alliance for Insurance Education & Research proudly announces an exclusive 8-week online coaching program, set to run from April 22 to June 10, 2024. Designed specifically for seasoned insurance producers...
Posted: Mar 20, 2024
In its preliminary, unaudited results for the full year 2023, VIG Re has reported that gross written premiums grew by 13.7% to €900.7 million, driven by significant growth of the non-life treaty business across all segments. At the same time, VIG...
Posted: Mar 20, 2024
All the major indicators of climate change smashed historic records last year, with some rising so steeply that the United Nations’ World Meteorological Organization warned they were “off the charts.” The lives of millions of people...
Posted: Mar 20, 2024
Analysts at Moody’s Investors Service provide insights into the Solvency II review, highlighting amendments intended to enhance solvency ratios and free up some capital. These modifications to Solvency II were enacted by EU authorities in December...
Posted: Mar 20, 2024
Posted: Mar 20, 2024
Posted: Mar 20, 2024
DES MOINES, Iowa (AP) — The state of Iowa will provide “contemporaneous” access to newly filed civil court cases to settle a lawsuit that accused the state of violating the First Amendment by delaying access to those filings, the Des R...
Posted: Mar 20, 2024
Spire Global, an international provider of space-based data and analytics, has partnered with NVIDIA to enhance AI-driven weather prediction, aiming to improve forecasting accuracy and mitigate the impact of extreme weather events. Michael Eilts,...
Posted: Mar 20, 2024
Victims of the 2015 Mariana dam break in Brazil are seeking about 3 billion pounds ($3.8 billion) in compensation from mining companies Vale and Samarco in a new lawsuit launched in the Netherlands, their lawyers said on Tuesday. The compensation ...
Posted: Mar 20, 2024
Despite a drop in the total number of global mergers and acquisitions, demand for transactional risk insurance “remained resilient” in 2023, Marsh announced in its annual transactional risk report. Data from the Institute for Mergers, Acq...
Posted: Mar 20, 2024
China Life Insurance Co. is in crunch talks with lenders to an office tower in Canary Wharf to help stave off the locality’s third potential major default, as the eastern financial district of London grapples with some of the city’s ̷...
Posted: Mar 20, 2024
Managing general agent (MGA) Specialty MGA UK continues to expand its presence in Latin America with the hire of Humberto Contasta as Head of Treaty, Latin America and the Caribbean. In his new role, based in Miami, Contasta will use his more than...
Posted: Mar 20, 2024
A severe convective storm system spawned softball-sized hail and destructive tornadoes across the central U.S. last week, leaving meteorologists to speculate if warmer winter weather is behind the storm outbreak. As parts of the Midwest recover from...
Posted: Mar 20, 2024
A tanker from the shadow fleet of ships assembled to carry Russian oil was involved in a collision near Denmark, casting fresh light on the risks vessels with unknown ownership pose to the world’s oceans. The incident, which involved the …...
Posted: Mar 20, 2024
Specialty insurer CFC announced its entry in the carbon insurance market with the launch of a groundbreaking new product. CFC said its new carbon delivery insurance is the first to cover both the physical and political risks faced by businesses ̷...
Posted: Mar 20, 2024
Swiss Re Institute has revealed insights into the inflation trends within the Euro area, anticipating a return to the 2% mark, consistent with expectations of economic normalisation. According to a recent analysis, authored by By Timothy Mallor, P...
Posted: Mar 20, 2024
American multinational financial services company, Corebridge Financial, Inc., has announced that its Board of Directors elected Deborah Leone as an Independent Director on March 5th, 2024. Peter Zaffino, Chairman of the Board of Directors, Corebr...
Posted: Mar 20, 2024
Often alarming, misleading or just plain annoying — when mass tort lawsuit advertisements pop on a TV screen, many consumers instinctually reach for the remote. An expert believes that the ads are worth your attention. “Especially for those in...
Posted: Mar 20, 2024
With 28 catastrophic weather events in 2023 causing nearly $93 billion in damage, customer service satisfaction plunged to a seven year low, according to the latest J.D. Power 2024 U.S. Property Claims Satisfaction Study released today. More extreme...
Posted: Mar 20, 2024
With 28 catastrophic weather events in 2023 causing nearly $93 billion in damage, customer service satisfaction plunged to a seven year low, according to the latest J.D. Power 2024 U.S. Property Claims Satisfaction Study released today. More extreme...
Posted: Mar 20, 2024
Insurers in Florida can can contemplate potentially lower loss costs on liquor liability policies after a recent state Supreme Court ruling that clarified when bars and restaurants can be held partially versus completely liable for some alcohol-relat...
Posted: Mar 20, 2024
Supreme Court justices appeared receptive Monday to National Rifle Association claims that a former New York state official violated its free-speech rights by pressuring banks and insurance companies to blacklist the group after the deadly school sho...
Posted: Mar 20, 2024
A Springfield, Massachusetts man was sentenced last week in federal court in Boston for his role in a regional organized theft crew that stole catalytic converters from nearly 500 vehicles, robbed jewelry stores and stole banks automatic teller machi...
Posted: Mar 20, 2024
A movie set armorer is challenging her conviction on an involuntary manslaughter charge in the fatal shooting of a cinematographer by Alec Baldwin on the set of the Western film “Rust,” court records show. Defense attorneys for “Rus...
Posted: Mar 20, 2024
Higginbotham announced it has doubled its presence in Oklahoma’s by adding Glenn Harris & Associates. Glenn Harris & Associates of Oklahoma City was founded by Principal Glenn S. Harris in 1987. The firm provides customers with one-on-o...
Posted: Mar 19, 2024
Last year, Wonder bought meal subscription startup Blue Apron for $103 million.
Posted: Mar 19, 2024