Insurance Business America

AIG taps external hire for CFO role

2024-09-19T06:46:48Z

Incoming finance chief joining from Marsh

How AI and Digital Distribution Are Impacting the Traditional Insurance Paradigm

2024-09-18T18:43:39Z

Don't miss out on the free webinar on October 10th 12PM CDT

Insurance broker marketing strategies to drive sales

2024-09-18T17:02:05Z

Use these insurance broker marketing strategies to increase awareness for your brand, stand out in the market, and convince customers to buy your products

Is workers' comp at a tipping point?

2024-09-18T15:56:27Z

Specialists point to risk trends driving a shift in the market

"It's an industry problem": Is social inflation reshaping the insurance landscape?

2024-09-18T15:45:30Z

Examining the impact of AI and social trends on global insurers

Home insurance costs surpass inflation, leading to record shopping rates – JD Power

2024-09-18T15:40:18Z

Few customers, however, are switching insurers

CAC Specialty appoints Sonny Pittman as EVP of business development

2024-09-18T15:40:15Z

His healthcare expertise bolsters the firm's Nashville expansion

Brown & Brown names Mike Neal, Mark Abate to retail leadership team

2024-09-18T15:23:40Z

They will drive strategic growth and customer experience improvements

Amazon orders full office return starting January 2025

2024-09-18T14:30:42Z

'We continue to believe that the advantages of being together in the office are significant,' says CEO

Swiss Re expands partnership with GenAI platform mea for P&C reinsurance

2024-09-18T14:00:00Z

The collaboration now covers advanced data processing

AXA XL appoints Chris Caponigro as head of reinsurance capital management

2024-09-18T13:40:00Z

He will lead the firm's product range and investor base in alternative capital markets

Guy Carpenter appoints Heather Legg as managing director for Canada

2024-09-18T13:20:00Z

She is set to enhance the firm's reinsurance broking operations in the country

BMS Group appoints Richard Dudley as chief broking officer

2024-09-18T13:10:00Z

He is set to drive the firm's reinsurance growth in London and Bermuda

MSIG USA appoints Mark Thorogood as head of reinsurance

2024-09-18T13:00:00Z

He will guide both domestic and global operations for the company

Ex-Carlyle chief Lee to chair Ascot Group

2024-09-18T11:27:20Z

His credentials include 21 years at Warburg Pincus

PCF Insurance completes 15th acquisition for the year

2024-09-18T11:27:15Z

Acquired business has been operating for almost three decades

Barnes tapped as global chief claims officer at Aon

2024-09-18T11:22:40Z

Promotion effective immediately

King Risk Partners boosts East Coast footprint via swoop

2024-09-18T11:22:38Z

Principal of acquired business "excited for the future"

Cowbell expands into US middle market

2024-09-18T11:18:40Z

Firm widens reach in response to growing risk landscape

New CEO named for Amwins' London specialty distribution unit

2024-09-18T10:19:29Z

He will lead the firm's strategy in the City starting January 2025

Cyber threats and AI disruption top business risks for 2024 – Clyde & Co

2024-09-18T10:08:25Z

Regulatory and people challenges also pose increasing dangers

AXIS Capital names next global markets head

2024-09-18T05:20:00Z

Transition to begin later this year

Student-on-teacher violence insurance claims down 39%

2024-09-17T15:44:15Z

"I hope we see continued progress"

Why environmental insurance has become an 'invaluable tool' in 2024

2024-09-17T15:38:59Z

SVP talks sustainability, PFAS and protecting clients

Louisiana insurers brace for losses from Hurricane Francine's destruction

2024-09-17T15:34:31Z

Regional carriers face higher risk from concentrated exposure

P&C insurers recover with $3.8 billion underwriting gain in H1 2024

2024-09-17T15:30:23Z

Strong premium growth and lower catastrophe losses noted

Progressive restricts Texas homeowners policies amid high storm losses

2024-09-17T15:21:09Z

Move aims to stabilize long-term property market position as storm losses rise

Enstar modifies financial covenants ahead of $5.1 billion merger

2024-09-17T15:17:33Z

Adjustments to net worth requirements made as part of the deal

How does the current hard market in reinsurance differ from previous cycles?

2024-09-17T14:00:00Z

"It has taken 17 years to get to that point"

Reinsurers seek double-digit rate hikes for US casualty in 2025 renewals

2024-09-17T13:40:00Z

Loss cost growth and social inflation drive demand for stricter cover limits

Consilium appoints Marie McCutcheon as new COO

2024-09-17T13:20:00Z

Hiring aims to enhance operations and align technology to support growth

Convective storm losses spur NSF-backed risk mitigation efforts

2024-09-17T13:20:00Z

Reinsurance specialist's chief scientist to lead the advisory board

Liberty Mutual Re appoints Manja Kollmann as chief operating officer

2024-09-17T13:10:00Z

She will lead global operations, bringing expertise in IT transformation

Price Forbes Re expands facultative reinsurance team with key appointments

2024-09-17T13:00:00Z

Duo to enhance property, terrorism, and political violence lines

Insurers accused of Child Victims Act violations

2024-09-17T11:39:14Z

Lawmakers ask Department of Financial Services to act

Ryan Specialty completes deal with Ascot Group

2024-09-17T11:36:39Z

Acquired business to become part of delegated authority underwriting unit

New chair assumes role at the Big "I"

2024-09-17T11:33:47Z

Next in line also named

Everest Insurance unveils new US brand

2024-09-17T11:21:44Z

Move part of focus on group's growing wholesale business

How to become an insurance agent in California

2024-09-17T07:55:33Z

Wondering how to become an insurance agent in California? Here’s everything you need to know from taking pre-licensing courses, to getting a license and maintaining it

What’s happening in the marine insurance market?

2024-09-17T05:20:00Z

IUMI gives lowdown on current global trends

Brit adds trio to private clients team

2024-09-17T05:00:00Z

Two come on board as underwriters

Why third-party risks are now a critical focus for banks

2024-09-16T18:51:06Z

With outsourcing growth, managing vendor threats becomes a top priority

"We've walked away from a lot of business"

2024-09-16T15:30:25Z

MGA leader talks about M&A red flags and the one question that helps uncover cultural alignment

Hurricane Francine losses could reach $1.5 billion – CoreLogic

2024-09-16T15:27:03Z

Wind and storm surge drive estimated losses

Bristol-Myers faces lawsuit over $2 billion pension risk transfer to Athene

2024-09-16T15:27:00Z

Retirees claim the deal violated fiduciary duties

Social inflation, litigation, jury awards: External factors reshaping insurance landscape

2024-09-16T15:18:32Z

VP of property and casualty division on the changing nature of property risk in 2024

Foresters Financial partners with Allstate to offer life insurance solutions

2024-09-16T15:13:23Z

Whole life, universal life, and term policies to be offered

Global insurance fraud cases continue to rise, RGA survey finds

2024-09-16T13:40:00Z

Results show 74% of insurers report steady or increasing fraud cases worldwide

Reinsurance price reductions "nonsense," says Munich Re CEO

2024-09-16T13:40:00Z

He points to industry profits after years of losses

Reinsurance costs rise as Gulf insurers brace for Francine impact

2024-09-16T13:20:00Z

Hurricane Ian influenced risk management

Malta to leverage re/insurance success in revamped ILS push

2024-09-16T13:10:00Z

Infrastructure and regulatory preparedness highlighted

AM Best affirms A+ ratings for Top Layer Re with stable outlook

2024-09-16T13:00:00Z

Strong balance sheet and parental backing from re/insurance giants support ratings

Marsh alum makes comeback via US, Canada role

2024-09-16T12:20:07Z

Veteran already previously spent 27 years with the brokerage

Progressive Insurance reports latest monthly results

2024-09-16T11:39:40Z

How did its combined ratio fare?

Prospera Risk Advisors joins Patriot Growth Insurance Services

2024-09-16T11:37:56Z

New addition a combination of four agencies

Wildfire worry not translating into preparedness – poll

2024-09-16T11:33:42Z

Survey seeks to shine light on need for preventive action

State Farm bags key Red Cross status

2024-09-16T11:32:17Z

Insurer recognized for its contributions to disaster preparedness and relief

Allianz appoints Thomas Lillelund as CEO of AGCS starting in 2025

2024-09-16T10:30:44Z

He will focus on global P&C insurance for corporate clients

Excess mortality to stay elevated without COVID-19 control – Swiss Re

2024-09-16T10:03:08Z

US and UK could see persistent excess mortality unless health measures curb impact

Surplus lines market hits new premium record amid industry challenges

2024-09-13T20:32:38Z

New report shows E&S business booming

"Cybersecurity issues will continue to grow": Managing claims chaos in fraudulent scams

2024-09-13T15:34:41Z

Company president on how to navigate a complex cyber market

Reputation is not the only thing at stake with rise of mistrust

2024-09-13T15:30:59Z

Global shocks and AI-generated disinformation make crisis management more challenging

Eight Florida insurers to assume over 235,000 Citizens policies

2024-09-13T15:26:14Z

Insurer aims to lower policyholder count

Liberty appoints Adam Azamey as VP, expands focus on industrial manufacturing

2024-09-13T15:22:28Z

He brings expertise in risk management to help grow the firm's client base

EverPeak launches workers' comp in Tennessee for SMEs

2024-09-13T15:17:30Z

Over 95 businesses in the state already covered

Inszone acquires Beswick Insurance to enhance community-focused offerings

2024-09-13T15:14:18Z

It is the firm's second major deal this month

Reinsurance sector proves resilient, led by strong performance from P&C – BCG

2024-09-13T14:00:00Z

L&H reinsurers, meanwhile, face margin pressure

Bermuda premier defends life reinsurance sector amid 777 Re troubles

2024-09-13T13:30:00Z

BMA's robust oversight and swift response helped stem the issue

Miller adds Andrew Gordon to marine team, boosting sector expertise

2024-09-13T13:30:00Z

Appointment enhances the firm’s client service and marine market expertise

Carrick Group expands with acquisition of two captives

2024-09-13T13:20:00Z

Entry into Ireland aligns with its global strategy

Demex forms advisory board to boost growth amid rising SCS losses

2024-09-13T13:00:00Z

Trio will guide reinsurance solutions as threats challenge insurers globally

Sentry Insurance swoops for The General

2024-09-13T11:11:01Z

Acquisition a record-breaker

The P&C business line that's outperforming all others in the US

2024-09-13T11:08:59Z

New report gives the lowdown on sector's 'winning streak'

Idiopathic falls – when are they compensable?

2024-09-13T11:05:35Z

Court makes important clarification

Sedgwick nets new investor

2024-09-13T09:59:03Z

Deal values firm at approximately $13.2 billion

How AI is changing the global telecom industry – and risks are mounting for insurers

2024-09-12T18:02:51Z

The immense growth potential come with risks

Seize the Moment: Capitalize on a Softening Insurance Market

2024-09-12T16:26:45Z

Unlock growth opportunities in a softening market—get the insights you need

What does it take to insure the Olympics?

2024-09-12T15:43:50Z

The 2024 Paris Olympic and Paralympic Games featured some of the highest insurance sums ever

'Be the Chef Special': Multimillion dollar CEO on the power of following your 'North Star'

2024-09-12T15:27:37Z

Public speaking sector needs more women, exec says

Time is running out: Nominate women of influence

2024-09-12T15:20:00Z

Hurry! Nominations for Elite Women 2025 end tomorrow

Amwins executive chair named 2024 Insurance Leader of the Year

2024-09-12T15:17:06Z

University honors stalwart for his leadership and industry contributions

Music video productions – why locations present some of the biggest risks

2024-09-12T15:15:00Z

Artists and their teams must navigate a host of considerations

Davies taps Paul O’Brien as first group chief AI officer

2024-09-12T14:59:31Z

New role to focus on ethical use of the ever-expanding tech

Investment in expert insurance services grows amid market shifts – Harris Williams

2024-09-12T14:54:45Z

Claims complexity, M&A strategies, and demand for technical expertise reshape the industry

RealPage wins split ruling against AIG in phishing attack recovery dispute

2024-09-12T14:49:09Z

Court allows the company to keep $2.9M in recovered phishing funds

"Are we going into a hard casualty market in reinsurance?"

2024-09-12T13:50:00Z

What's happening across the casualty reinsurance landscape

Marine re/insurance faces new challenges as global economy recovers – Swiss Re

2024-09-12T13:40:00Z

Trade confidence, conflicts, and energy transition drive risk management

AM Best affirms A+ rating for RenaissanceRe and subsidiaries

2024-09-12T13:30:00Z

Strong balance sheet, business profile, and ERM cited in the rating

Fidelis Insurance appoints Jason Kittinger as group COO

2024-09-12T13:20:00Z

His appointment comes after a decline in the firm's last quarter results

Cat bond issuance reaches record figures, fueled by new capital – Aon

2024-09-12T13:10:00Z

Hardening reinsurance market driving demand

EuroTempest launches global weather validation tool for insurers

2024-09-12T13:00:00Z

New tool aims to help validate weather-related claims quickly and efficiently

AIG hits out at motion to dismiss

2024-09-12T11:41:50Z

It is "already clear" there was a "mole" within the company, it states

Incumbent insurance commissioner wins primary election

2024-09-12T11:39:03Z

He cites his eight years on the job as an advantage

Ryan Specialty makes double hire

2024-09-12T11:36:30Z

One joins alternative risk unit; the other, life sciences

OneAmerica Financial sells retirement plan business to Voya

2024-09-12T11:33:48Z

Group to focus on remaining core product lines