All Posts
Genesis Global Capital LLC has agreed to pay a $21 million civil fine to settle charges that it illegally sold securities through its crypto lending program without registering them, the U.S. Securities and Exchange Commission said on Tuesday. The de...
Posted: Mar 19, 2024
Risk Strategies, an international specialty insurance brokerage and risk management firm, has acquired Hugh Wood Inc. (US) and Hugh Wood Canada Limited, the US and Canadian operating entities of global insurance holding company, H.W. International...
Posted: Mar 19, 2024
Yemen’s Houthis said they have targeted a tanker, MADO, in the Red Sea with naval missiles and Israel’s Eilat region with winged missiles, the group’s military spokesman Yahya Sarea said on Tuesday. MADO is a Marshall-Islands flagge...
Posted: Mar 19, 2024
Yemen’s Houthis targeted a fuel tanker, MADO, in the Red Sea with naval missile and Israel’s Eilat port and resort region with winged missiles, the group’s military spokesperson Yahya Sarea said on Tuesday. MADO is a Marshall-Island...
Posted: Mar 19, 2024
When it comes to artificial intelligence, more questions than answers keep underwriters from venturing into the space and lead to a lack of clarity, according to panelists at The Professional Liability Underwriting Society’s 2024 cyber symposiu...
Posted: Mar 19, 2024
The National Association of Insurance Commissioners over the weekend announced Massachusetts Insurance Commissioner Gary D. Anderson as the organization’s chief executive officer. Anderson will start leading the NAIC by May 1, after completing...
Posted: Mar 19, 2024
A New Jersey law requiring residential and commercial landlords and sellers of real estate to disclose any flood history and potential flood risks to prospective renters and purchasers goes into effect Wednesday, March 20. Prior to the adoption of th...
Posted: Mar 19, 2024
Global re/insurance broker Aon has promoted Erich Lowe to the role of Property Leader for Greater New York, effective immediately. Lowe will report to Brian Simons, Eastern & Southern Region Property Leader and Managing Director for Aon. Simon...
Posted: Mar 19, 2024
Trump Has Failed to Get Appeal Bond for $454M Civil Fraud Judgment, Lawyers Say Donald Trump's efforts...
Posted: Mar 19, 2024
Terrorist Threat to U.S. Has Reached ‘Whole Other Level,’ FBI’s Wray Warns Terrorist threats...
Posted: Mar 19, 2024
A bill that would end direct-action lawsuits against trucking insurers is rolling toward the governor’s desk after it was approved by the full House of Representatives on Monday. Senate Bill 426, heralded as a way to encourage more insurance ca...
Posted: Mar 19, 2024
This edition of International People Moves details appointments at Gallagher Re and Hannover Re. A summary of these new hires follows here. Gallagher Re Names Flasinski as CEO of N. America, Succeeding Bradshaw Global reinsurance broker Gallagher Re...
Posted: Mar 19, 2024
California-based independent insurance broker Woodruff Sawyer announced it is expanding its East Coast footprint with the addition of six executives formerly with insurer Acrisure. According to the announcement, Matthew Kelly, Robert Trager, Bob Kemp...
Posted: Mar 19, 2024
Re/insurer ratings across Europe, the Middle East and Africa (EMEA) have begun to stabilise following difficult market conditions in 2022, according to credit ratings agency AM Best. In a recent report released by the firm, Best notes that despite...
Posted: Mar 19, 2024
For insurance producers, new criminal charges or convictions can impact license renewal and more. We’re going state-by-state to show you how.
Posted: Mar 19, 2024
SureGo will be administering claims for a subset of travel plans underwritten by Nationwide.
Posted: Mar 19, 2024
Former Markel Group CEO Alan Kirshner, died on March 17, said the company. He was 88 years old. The Richmond, Virginia-based insurer said today that Kirshner, who was chairman and CEO of Markel Group from 1986 through 2015, was instrumental …
Posted: Mar 19, 2024
The names Isha, Babet, and Henk will all be familiar to Britons, but not because they belong to people — they are some of the most destructive storms that have swept through the UK in the past year. In an …
Posted: Mar 19, 2024
Ferrari NV was accused in a US lawsuit of failing to fix a “dangerous safety defect” with the brakes in some of its luxury sports cars despite issuing multiple recalls. The recalls were no more than “an interim corrective measure...
Posted: Mar 19, 2024
Independent insurance broker Lockton has strengthened its business growth in the Indian market with the appointment of three new members, Mukul Bhatia, Irfan Shirwani, and Prasanna Hunur. Bhatia, who has over two decades of experience in insurance...
Posted: Mar 19, 2024
Ruchi believes that despite being perceived as dull and redundant, insurance is actually one of the most relevant financial products. In 2023, Ruchi took another shot at entrepreneurship by launching Airloom, which is boostrapped as of now with Jolen...
Posted: Mar 19, 2024
Lloyd’s, the world’s oldest insurance and reinsurance marketplace, and the United Nations Capital Development Fund (UNCDF) are set to run parametric insurance training in climate vulnerable countries. According to the announcement, Lloyd’s h...
Posted: Mar 19, 2024
A panel of lawmakers in the European Parliament on Tuesday backed a draft law requiring large companies in the bloc to check if their supply chains use forced labor or cause environmental damage. The rules, known as the Corporate Sustainability ̷...
Posted: Mar 19, 2024
Central bankers said on Tuesday they have broken new ground by using artificial intelligence to collect data for assessing climate-related financial risks, just as the volume of disclosures from banks and other companies is set to rise. The Bank for...
Posted: Mar 19, 2024
Business leaders in the financial services sector feel optimistic about business growth for the second quarter of 2024 (April-June), with 79% of insurance executives citing confidence about the coming quarter. Research from KPMG UK revealed that 8...
Posted: Mar 19, 2024
The Bank of Japan (BOJ) ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from its focus on reflating growth with decades of massive monetary stimulus. While the …
Posted: Mar 19, 2024
Specialist insurance provider CFC has announced its entry into the carbon insurance market with the launch of a “groundbreaking” new product. CFC’s new Carbon Delivery Insurance is reportedly the first to cover both the physical and po...
Posted: Mar 19, 2024
Insurance Business Magazine - US
Posted: Mar 19, 2024
Insurance Business Magazine - US
Posted: Mar 19, 2024
Insurance Business Magazine - US
Posted: Mar 19, 2024
Digital risk processing platform, Cytora has expanded its global advisory with the appointment of Emmanuel Clarke, the former President and Chief Executive Officer (CEO) of Bermuda-based reinsurer PartnerRe. Clarke is an industry veteran with lead...
Posted: Mar 19, 2024
China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history. The nation’s top securities regulator...
Posted: Mar 19, 2024
A recent survey commissioned by Cowbell has revealed that the UK’s small and medium-sized enterprises (SMEs) lack implementation of best practice cybercrime protocols and are severely unprepared to react to an incident, with only 19% having...
Posted: Mar 19, 2024
SAN FRANCISCO BAY AREA, March 19, 2024 – The California Insurance Wholesalers Association (CIWA), a nonprofit organization dedicated to advocacy, education, and networking in the Property & Casualty segment of the insurance industry, is pleased t...
Posted: Mar 19, 2024
Swiss Re, the global reinsurance firm, has appointed Amitabha Ray as the Chief Executive Officer (CEO) of the Swiss Re India Branch, effective April 1st, 2024, subject to regulatory approvals. Ray will be based in Mumbai and report to Victor Kuk,...
Posted: Mar 19, 2024
Everest Insurance International, a division of Bermuda-based insurer and reinsurer Everest Group, Ltd., has recently appointed Monique Kooijman as Head of Netherlands and Northern Europe. In a recent announcement, Everest expressed its enthusiasm...
Posted: Mar 19, 2024
Posted: Mar 19, 2024
Posted: Mar 19, 2024
Posted: Mar 19, 2024
Milliman, a global consulting and actuarial firm, has recently released the results of its Milliman Pension Buyout Index (MPBI), highlighting a slight increase in pension risk transfer costs at the end of February. As the pension risk transfer (PR...
Posted: Mar 19, 2024
FWD Group has announced its 2023 financial results, reporting $372 million in operating profit after tax, a 27% increase from 2022’s $299 million, and a new business value of $991 million, up 22% compared to the prior year. Huynh Thanh Phong, Grou...
Posted: Mar 19, 2024
Novatae Risk Group, the wholesale insurance brokerage, managing general agency and program manager, has completed its acquisition of Bretton Woods International (BWI) of London, England. BWI is a specialized insurance broker focused on open market...
Posted: Mar 19, 2024
The American Club (the Club), a US-domiciled mutual protection and indemnity club, has reported slight decreases in its year-on-year renewal results, indicating overall stability despite recent challenges. For the Club’s Class I entries, it&...
Posted: Mar 19, 2024