Business Insurance
French reinsurer Scor SE aims to strengthen its primary corporate and specialty insurance business over the next couple of years to diversify its overall portfolio and reduce exposure to more volatile natural catastrophe reinsurance.
Posted: Sep 09, 2021
Pirates attacked Indian firm ProActive Ship Management Pvt. Ltd.-managed vessel MV Tampen off the coast of the African country Gabon on Sept. 5, injuring two crew members and kidnapping one.
Posted: Sep 09, 2021
The China Banking and Insurance Regulatory Commission has that floods that ravaged the Chinese province Henan in July resulted in an estimated 12.4 billion Chinese yuan ($1.9 billion) in insured losses.
Posted: Sep 09, 2021
South African state-owned insurer Sasria SOC Ltd. said that the civil riots in July caused 25 billion South African rand ($1.7 billion) worth of insured damage in the country.
Posted: Sep 09, 2021
A cyberattack on Russian tech giant Yandex’s servers in August and September was the largest known distributed denial-of-service attack in the history of the internet, the company said on Thursday.
Posted: Sep 09, 2021
Chipping away at the reason why people tend to switch dentists, a new survey by dentalinsurance.com finds that for some it’s a matter of being sensitive about what a dentist says about their teeth.
Posted: Sep 09, 2021
Corvus Insurance Holdings Inc. on Thursday introduced its Risk Aggregation Platform to help reinsurers and program managers analyze metrics including aggregate exposure data, ransomware scores and emerging threat information.
Posted: Sep 09, 2021
Oregon employers on average in 2022 would see their workers compensation coverage costs decline for the 9th consecutive year, the Oregon Department of Consumer and Business Services announced Wednesday.
Posted: Sep 09, 2021
Cowbell Cyber Inc. said it has named Chris Reese, former Lockton Cos. LLC senior vice president and cyber & technology insurance practice lead, as its head of insurance, a new position.
Posted: Sep 09, 2021
Broker BRP Group Inc. said Wednesday it has agreed to acquire Dallas-based agency White Hill Plaza Inc., which operates as K&S Insurance Agency, through an indirect subsidiary.
Posted: Sep 09, 2021
Lloyd’s of London reported a profit of £1.4 billion ($1.93 billion) for the first half of this year, compared with a loss of £400 million in the year-earlier period, after underwriting returned to a profit, helped by average premium rate increases of...
Posted: Sep 09, 2021
Cognizant Technology Solutions Corp. has reached a $95 million settlement to resolve a lawsuit accusing the information technology services company of defrauding shareholders by concealing bribes to officials in India.
Posted: Sep 08, 2021
Texas Gov. Greg Abbott appointed Cassie Brown commissioner of insurance on Monday, filling a post that has been unoccupied for over a year.
Posted: Sep 08, 2021
Fifty-one health care workers in Detroit filed a lawsuit Monday against their hospital employer over its COVID-19 vaccine mandate.
Posted: Sep 08, 2021
Alera Group Inc. said Wednesday it will merge with privately held Tacoma, Washington-based Propel Insurance, as the core investors in the two companies made commitments to inject new capital.
Posted: Sep 08, 2021
The U.S. Securities and Exchange Commission has told Coinbase Global Inc. that it plans to sue the cryptocurrency exchange if it goes ahead with plans to launch a program allowing users to earn interest by lending digital assets, Coinbase said.
Posted: Sep 08, 2021
Commercial insured flood and wind losses in the U.S. Northeast from Hurricane Ida are estimated at between $3 billion and $5 billion, according to CoreLogic Inc.
Posted: Sep 08, 2021
Kuwait-based Gulf Insurance Group KSCP has completed the acquisition of Axa SA’s insurance operations in the Gulf region for $474.75 million in cash.
Posted: Sep 08, 2021
London-based claims management company Davies Group Ltd. said Wednesday it has acquired Asta Capital Ltd., a third-party Lloyd’s managing general agent.
Posted: Sep 08, 2021
Months after business travel was expected to tick upwards following vaccinations and a slowing down of COVID-19 transmission, legal experts say the Delta variant could upend things once again.
Posted: Sep 08, 2021
Jill Beggs, president of excess and surplus lines at Munich Re Specialty Insurance, discusses the launch of the commercial insurer and the outlook for the market.
Posted: Sep 08, 2021
Tom Clark, CEO of RSG Underwriting Managers, the underwriting arm of Ryan Specialty Group Holdings Inc., is leaving the company, effective Sept. 30.
Posted: Sep 08, 2021
Data from the Belarusian Ministry of Finance showed that local insurers’ gross written premiums rose more than 18% year-on-year to 874.7 million Belarusian ruble ($346 million) in the first half of the year.
Posted: Sep 08, 2021
The military coup in the African nation of Guinea on Sept. 5 has sparked fear sof aluminum supply-chain disruptions.
Posted: Sep 08, 2021
New Zealand’s Computer Emergency Response Team said that a distributed denial-of-service attack affected websites of several financial entities in the country on Sept. 8.
Posted: Sep 08, 2021