Trending: Asia & Oceania WORLD NEWS

TikTok, Now with American Seasoning

  By Marci DeVries-Todtz, Fraud Sniffr The wildly popular social media venue TikTok has been ordered by Donald Trump to sell to a United States company due to privacy concerns...

Another Cybersecurity Wake Up Call: Connecticut Insurance Department Issues Guidance on Cyber Law Set to go Into Effect

  By Judith A. Selby and Heather D. McArn, Partners at Hinshaw Covered entities received two cybersecurity wake up calls from insurance regulators in July. As we have reported,...

Boris got Brexit done, but what is Brexit?

  By George Worsley The United Kingdom is no longer a member of the European Union but there is still no agreement on trading relationships. Talks are on-going between the negotiators...

Why Nobody Believes They’ve Been Exposed to COVID

  By Marci De Vries Todtz, Fraud Sniffr Have you noticed that no one is talking about contact tracing anymore when discussing Covid-19? Back in April it was a main component...

Will Covid-19 get the blame for Brexit frustrations?

  By George Worsley, international insurance specialist The British government’s handling of the Coronavirus pandemic has been shambolic: delays in taking action, poor communications, inefficient...

Business Interruption Insurance Coverage: The Next Century

  By Annette Hofmann and Meyer Mandel “Consequential Coverage”, also better known as Business Interruption (BI) or Contingent Business Interruption (CBI) coverage, has originated...

St. John’s University Names School of Risk Management, Insurance and Actuarial Science in Honor of Maurice R. Greenberg

  St. John’s University, as part of the 25th anniversary celebration of the Annual Insurance Leader of the Year Award Dinner, celebrated Maurice R. “Hank” Greenberg, Chairman and Chief Executive...

All set for Brexit and a journey into the unknown

  By David Worsfold, Worsfold Media Services Ltd The sweeping victory for Boris Johnson’s Conservatives in the UK’s General Election last month has moved the fractious, divisive and seemingly...

Update on Proposed COVID-19 Insurance Coverage Legislation and Litigation: Are Cooler Heads Beginning to Prevail?

  By Judith A. Selby and Scott M. Seaman, Hinshaw In the wake of government quarantine/shut down orders being executed in response to the pandemic, a flurry of bills were introduced in several states...

The TikTok Phenomenon – Living in a Universe Without Time

  By Marci De Vries-Todtz, Fraud Sniffr By now there’s no doubt you have all heard of TikTok, the hot new social media platform from China that has taken the teen scene by storm. TikTok content...

Gibraltar: The Future for MGAs?

  By David Coupe, EC3 Legal Whilst around 27 per cent of the UK motor risks are underwritten by Gibraltar insurers, the MGA market has not seen much growth in recent years. With the recent proposed...

The Biggest Security Vulnerability – People

  By Sean A. Ahrens > Sean Ahrens The role of Security at AEI is to understand, document, predict, and establish security controls for potential vulnerabilities our clients may face....

Brexit: let’s get shirty*!

  By George Worsley The UK formally left the European Union on the 31st January and pretty-well straight away the tone of communications coming out of this country has descended into threats and...

Considerations of the Risk Manager on a D&O Programme – Insurance Premium Tax

  By Karen Jenner, IPT Business Development Director, TMF Group For risk managers the line of insurance that guarantees the most attention and focus of the board is undoubtedly directors’ and officers’...

COVID-19 will test insurance industry’s resilience in the Andean Region

  By Idan Cabello Introduction Coronavirus infections in the Andean Region will continue to spread for the coming weeks and months. It’s clearer than few weeks ago that this situation...

COVID Infects TECH

By Marci De Vries-Todtz My how things change. In an eyeblink, the social media and tele-work sector went from being perceived Privacy and Information Vampires to the salvation of business and quarantined...

COVID-19: Insurance sector shares the burden of Coronavirus impacts

By David Worsfold It is a global pandemic, the like of which none of us has ever seen. It impacts every person, every family, every business, every sector of the economy and every country. It has dislocated...

Coronavirus and developments in the UK

By George Worsley By the middle of March, the novel coronavirus (COVID-19) was making a serious impact on insurance in the UK. Before that, events in China had been viewed with concern and when it...

The Future of Work: Is Remote Employment the New Normal?

  By Julia Hodges As government leaders weigh when and how to reopen their economies, a question looms over business owners who have been forced to implement remote work: what does employment look...

EU liabilities for Firms Post-Brexit

  By David Coupe and Ian D’Castro With the UK’s formal departure from the European Union set for 31 December 2020 (the end of the transition period), the PRA has recently sent out a letter to insurers...

Preparing Your Clients For International Travel – Cambodia: New Entry Requirements

  By John Rodwell, Clements Worldwide On June 10th, Cambodia made an announcement to change their current entry requirements for foreign travelers. While they previously required travelers have...

Demystifying Cyber Threats

  By Daniel Garrie and Peter A. Halprin Seventy-six years ago, Gen. Dwight D. Eisenhower, wrote to the soldiers, sailors and airmen of the Allied Expeditionary Force on the eve of D-Day.  In...

2020’s Atlantic Hurricane Season to Have ‘Well Above-Average’ Activity

  By Insurance Information Institute An updated 2020 hurricane season forecast released by the Tropical Meteorology Project in the Department of Atmospheric Science at Colorado State University...
issue

Is the Insurance Office Going Away for Good?

  By Duke Williams, Simply Easier Payments The coronavirus pandemic is already changing the way that American businesses operate, at least temporarily. But look closely and you can see the potential...

Corona Virus and Family Feuds in Workers’ Comp

  By Marci De Vries-Todtz, Fraud Sniffr Last week we received our first requests for social media searches on Corona Virus illness fatalities from Workers’ Comp adjusters, and we are eager to share...

Insurance Authority releases provisional statistics of Hong Kong insurance industry in the first quarter of 2020

  Source: HK Insurance Authority The Insurance Authority (IA) (29 May 2020) released provisional statistics of the Hong Kong insurance industry for the first quarter of 2020, indicating a growth...

How (and why) to read a NAIC U.S. Statement of Actuarial Opinion (Property/Casualty)

  By Grover Edie Loss Reserves are generally the largest liability listed on an insurance company’s balance sheet. Loss Reserves are the amounts set aside to pay for claims that have already occurred...

The world of work has changed: Let’s stop fighting it

By David Worsfold, Worsfold Media Services For well over a quarter of a century we have been talking about how technology will revolutionise the world of work, liberating people from the rigid routines...

Aon urges the re/insurance industry to bring capital closer to clients' needs as the firm launches its Virtual Reinsurance Renewal Season

Virtual event launches with former Danish Prime Minister Helle Thorning-Schmidt interview Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions,...

Marsh & McLennan Reports Second Quarter 2020 Results

Download Report Second Quarter Operating Income Rises 30% and Adjusted Operating Income Increases 10% Second Quarter EPS Rises to $1.12 from $0.65 and Adjusted EPS Increases 12% to $1.32 Six Months...

Ryan Specialty Group and All Risks Finalize Merger

  September 1, 2020, CHICAGO, IL – Ryan Specialty Group, LLC (RSG) and All Risks, Ltd. (All Risks) are pleased to announce the completion of the transaction to merge the two firms into Ryan Specialty...

Chubb Vice Chairman John Lupica Named President, North America Insurance Operations; Will Lead Company's Commercial P&C, Personal Lines, Agriculture and A&H Businesses in U.S., Canada and Bermuda

Chubb Limited (NYSE: CB) announced that John Lupica, currently Vice Chairman, Chubb Group and President, North America Major Accounts and Specialty Insurance, has been named President, North...

The Chubb Pandemic Business Interruption Program

Some risks can create losses so great that they are not insurable in the private insurance market without substantial government support, including catastrophic terrorism, nuclear accidents and pandemics....

Lloyd’s expects to pay £5bn for COVID-19 customer claims; Underlying market performance improves substantially

Lloyd’s today confirmed it expects to pay out up to £5bn in COVID-19 customer claims on a gross basis*, with the publication of its 2020 Half Year Results. In the first six months of 2020, Lloyd’s...

DEAN KLISURA APPOINTED PRESIDENT OF GUY CARPENTER

New York, September 10, 2020 — Guy Carpenter and Marsh, two businesses of Marsh & McLennan, the world’s leading professional services firm in the areas of risk, strategy and people, today...

Chubb Appoints Diego Sosa to Lead Company's Operations in Japan

ZURICH, Sept. 9, 2020 /PRNewswire/ -- Chubb Limited today announced that Diego Sosa has been named Regional President, Far East. Currently, Chief Operating Officer for Chubb in Brazil, Mr. Sosa in his...

Singlife to Merge with Aviva Singapore In Singapore’s Largest Insurance Deal, with Combined Business Valued at S$3.2 billion

Combining Singlife’s highly engaging mobile technology with Aviva's deeper products and financial advice is good for all Singaporeans. Singapore, 11 September 2020 — Singapore Life Pte. Ltd. (Singlife),...

J.B. Boda Insurance & Reinsurance Brokers Pvt Ltd and RIMS Forge Strategic Partnership to Strengthen Risk Management in India

Relationship centered on Content Development, Education and Market Research New York (September 21, 2020) – RIMS, the risk management society®, and J.B. Boda Insurance and Reinsurance Brokers Pvt. Ltd.,...

Setting up in Lloyd's and turnkey operations

  17 September 2020 – Lloyd’s has traditionally been the centre of insurance underwriting in London for over 300 years. Despite some difficulties in the last two decades, the Lloyd’s brand remains...

January 2020 – Synopsis Companies & Brokers

Volume 31, Number 1, January 2020 Companies Allianz becomes the second largest general insurer in UK after the completion of most recent deals Allianz Holdings plc has completed the planned acquisition...

February 2020 – SYNOPSIS COMPANIES & BROKERS

Volume 31, Number 2, February 2020 Companies Chubb launches unique Non Damage Terrorism Solutions for businesses Chubb has launched a unique insurance solution aimed at bridging gaps in traditional...

March 2020 – Synopsis Companies & Brokers

Volume 31, Number 3, March 2020 Companies AIG: Transformation Should Gain Further Traction in 2020 AIG reported an in-line quarter, with operating EPS of $1.03 versus consensus of $1.00. The highlight...

Changes to the Allianz SE Board of Management

Barbara Karuth-Zelle to succeed Christof Mascher Christopher Townsend to succeed Niran Peiris Board mandates of Sergio Balbinot, Giulio Terzariol and Ivan de la Sota extended Munich, September 25,...

April 2020 – Synopsis: Companies & Brokers

Volume 31, Number 4, April 2020 Companies Lloyd’s IMPORTANT NOTICE: The Lloyd’s Underwriting Room in London will be closed with effect from 16:00GMT 19 March in line with UK Government advice to avoid...

May 2020 – Synopsis: Companies & Brokers

Volume 31, Number 5, May 2020 Companies Hiscox considers capital raise amid COVID-19 crisis and legal threat Hiscox Ltd notes the recent press speculation regarding a potential capital raise. “The COVID-19...

July 2020 – Synopsis Companies & Brokers

Volume 31, Number 7, July 2020 Companies AIG Private Client Group to Transition Upper Middle Market Clients to Safeco and Heritage On June 29 American International Group announced that it has entered...

June 2020 – Synopsis: Companies - Brokers

Volume 31, Number 6, June 2020 Companies SEC fines insurer Argo for failing to disclose $5.3M in perks paid to former-CEO Watson Securities regulators levied a $900,000 fine against specialty insurer...

August 2020 – Synopsis: Companies - Brokers

Volume 31, Number 8, August 2020 Companies Axon Acquires Allianz Global Corporate & Specialty’s Contaminated and Consumer Products Recall Portfolio in the US Axon Underwriting Services LLC,...

Global Briefs – January 2020

Kazakhstan – new financial regulator starts operating from January 1 On January 1, 2020, as part of the reorganization of the National Bank of Kazakhstan, an agency on regulation and development of the...

Global Briefs – February 2020

Angola – Compulsory Marine Cargo Insurance The attached presidential decree has recently been enshrined in Angolan law to make the purchase of marine cargo insurance compulsory in Angola....

Global Briefs – March 2020

Hong Kong – Insurance Authority remains closed In view of the latest development related to the novel coronavirus, the Insurance Authority (IA) advised that its office would remain closed to the general...

Global Briefs – April 2020

Global Marine – Coronavirus poses major challenges for seafarers The imposition by authorities of travel restrictions and lockdown of cities, provinces and countries across the world is creating significant...

Global Briefs – May 2020

Hong Kong – Insurance Authority office closed indefinitely The Insurance Authority (IA) announced that its office will remain closed to the general public until further notice. Peru – COVID-19 update The...

Global Briefs – June 2020

China – China Pacific Insurance gets green light for London listing China Pacific Insurance Group has received regulatory approval to issue 125.73m global depository receipts (GDRs), which will be listed...

Global Briefs – July 2020

Cambodia – New Cambodia Entry Requirements and COVID-19 Update Cambodia Entry Requirements: On June 10, authorities announced a requirement that all foreign travelers entering Cambodia pay a...

Global Briefs – August 2020

Travel Alert: Countries that now require International Health Insurance for entry (This coverage is completely separate from your standard health insurance) During the current global pandemic, any existing...

Global Briefs – September 2020

  India – Vehicle insurance policies must be renewed on time Due to COVID-19, the General Insurance Council has clarified that ministry of road transport notification extending the validity of all...

Global Briefs – December 2019

Albania­ – Economic losses of more than USD 100 million after strongest earthquake in decades More than 21 people have been killed and over 600 more injured after Albania was rocked by its...

Global Briefs – November 2019

China – Gov’t loosens rules on foreign players in insurance & banking sectors China has decided to further open up its insurance and banking sectors to foreign investors by revising related regulations. Revisions...

Global Briefs – October 2019

Hong Kong – Proposed Insurance Connect with mainland China currently on hold The proposed Insurance Connect scheme to allow cross-border sales of insurance products between Hong Kong and mainland...

Global Briefs – September 2019

China – Swiss Re says insurers in China are on the crest of digital transformation wave Digital transformation is giving rise to new and emerging risks (e.g., cyber exposures) and also facilitating...

Global Briefs – August 2019

United Kingdom – The British Pound is Tumbling Downwards The British pound has slumped to a two-year low as sings of an economic downturn amid brexit tensions are mounting. The currency fell...

Global Briefs – July 2019

  Hong Kong – Implementation of New Regulatory Regime for Insurance Intermediaries Currently, insurance intermediaries are regulated by three Self-Regulatory Organizations (“SROs”),...

Global Briefs – June 2019

Brazil – Q1 2019 Reinsurance Terra Brasis just published the preview of the 31st edition of Terra Report, comprising the period of January to March 2019. The outlook for the year´s...

Global Briefs – May 2019

Denmark – Tax Alert > Changes to the Terrorism Insurance Pool Premium tax specialists Impendulo can confirm an update to the Danish Terrorism Insurance Pool for Non-Life Insurance....

Global Briefs – April 2019

China – Insurance intermediaries account for an amazing 87% of total premiums in 2018 Insurance intermediaries generated premium income of CNY3.37trn ($504bn) in 2018, accounting for 87.4...

Global Briefs – March 2019

China – 2018 premium growth pegged at 24 percent China’s insurance regulator showed that local insurers’ combined premium income grew 24 percent year over year to more than $126 billion in...

Global Briefs – February 2019

Canada – Crypto-exchange chief dies, with the codes, freezing $250 million Quadriga CX, a Canadian cryptocurrency exchange, said in court filings that it could not repay at least $250 million...

Global Briefs – January 2019

Asia – Insurance CEOs in the region seen as more intuitive Russell Reynolds Associates, a leading global search and leadership advisory firm, announced the results of their study "Asia...

January 2020 – Synopsis: Companies & Brokers

Volume 31, Number 1, January 2020 Companies Allianz becomes the second largest general insurer in UK after the completion of most recent deals Allianz Holdings plc has completed the planned acquisition...

February 2020 – Synopsis: Companies & Brokers

Volume 31, Number 2, February 2020 Companies Chubb launches unique Non Damage Terrorism Solutions for businesses Chubb has launched a unique insurance solution aimed at bridging gaps in traditional...

March 2020 – Synopsis: Companies & Brokers

Volume 31, Number 3, March 2020 Companies AIG: Transformation Should Gain Further Traction in 2020 AIG reported an in-line quarter, with operating EPS of $1.03 versus consensus of $1.00. The...

September 2020 – Synopsis: Companies & Brokers

Volume 31, Number 9, September 2020 Companies Allianz opened earthquake & fire research center in Istanbul A new earthquake and fire research center in Turkey expands the family of Allianz...

What DARPA Technologies can offer the Insurance Industry

  By Marci De Vries-Todtz In the last decade, many of the giant humming brains of technology have migrated to government projects for the Defense Advanced Research Projects Agency (DARPA) because...

Credit and Political Risk: The Effect of Climate Change

By Christopher Quaey, Credit and Political Risks Underwriter at Argo Global With scientists predicting more severe natural disaster events, the potential impacts are becoming a growing fact for...

Howden and A-Plan Group join to create new UK broking powerhouse

The combined businesses will be a client champion in the London and regional markets, with entrepreneurship and employee ownership at its heart Howden, the international insurance broking group, announced that...

Ed bolsters reinsurance team with casualty treaty hire

  London, 30 September 2020 – Ed, the global reinsurance, wholesale and specialty broker, today announces the appointment of Robert Sharp as head of casualty treaty, divisional director. Based...

Redundancy during furlough leave

By Liz Stevens, Birketts LLP The Government’s Coronavirus Job Retention Scheme (CJRS) starts winding down with effect from 1 August when employers have to make an increasing contribution towards furloughed...

Five (un)easy pieces: some possible solutions to the D&O dilemma

By Fred Hawke & Lucy Terracall, Clayton Utz D&O insurance is becoming costlier and harder to get, so it's time to explore the options It’s timely now to consider how corporate life...

InsurTech leader delivers industry’s first Commercial Submissions platform to agency and carrier design partners

AmTrust Financial joins Vertafore’s initiative to transform commercial insurance  DENVER (September 22, 2020) — As part of their initiative to improve market connectivity across the...

Soaring Drug Prices Front and Center During Medicare Open Enrollment Period

  Soaring drug prices, economic uncertainty, and an unprecedented number of choices make traditional face-to-face Medicare insurance shopping increasingly difficult. Ensurem CEO Dave Rich says self-service,...

Zurich-Oxford report: New social contract needed to make workforce more resilient as COVID-19 accelerates change

  New global report on employment by Zurich and University of Oxford says pandemic has accelerated trends such as digitalization and amplified strains on social protection systems All working...

Axco Flashpoints: Gas Energy Investment In Mozambique, Oil Discoveries In The Caribbean And Turkey's Mediterranean Energy Ambitions

INVESTMENT IN A TIME OF INSURGENCY: MILITANTS DRIVE HOME RISK IN MOZAMBIQUE'S CABO DELGADO A decade ago, gas discoveries in Mozambique raised hopes for a better future. With an expected USD 100bn in investment,...
issue

Brexit via the Backdoor

Following the demise of England’s worst prime minister in July 2019, the country was confronted with a problem: Parliament had become more powerful than the Government. The Conservatives, with a minority...

AXA and Bharti to combine their non-life operations in India into ICICI Lombard, in exchange of shares

August 21, 2020 – AXA and Bharti announced today that they have entered into an agreement to combine their non-life insurance operations in India, Bharti AXA General Insurance Company Limited (“Bharti...

AXA Future Risks Report 2020: the Covid-19 pandemic eclipses climate risk

Covid-19 pandemic eclipses climate risk AXA's annual ranking of the 10 major emerging risks marked by the health crisis Pandemics and infectious diseases move from 8th to 1st place in one year Climate...

AXA XL Launches Custom-Built Insurance for New Class of Construction Business

AXA XL's North America Construction insurance business is building tailored insurance programs and services for construction projects that qualify as a "Highly Protected Project" (HPP) because of their...

London Company Market Premium Grows by 10%

London – 7 October 2020 – Premium income for the London company market grew by 10% last year with £21.436bn of large commercial and wholesale risks underwritten by firms in the City. A new report from...

Chubb Appoints Nandini Mani to Lead Claims for Company's International General Insurance Business

NEW YORK, Oct. 7, 2020 /PRNewswire/ -- Chubb announced today that Nandini Mani has been appointed Executive Vice President, Claims for Overseas General Insurance, the company's international...

Aon Unveils New IP Capital Market Solution

CHICAGO, Oct. 6, 2020 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, today announced the launch...

CEH Launches Lloyd’s Broker Celeritas with Migliorino Hire

London - October 1, 2020 - Coverys European Holdings (CEH), an agency platform and network specialising in European markets, has today announced the launch of Celeritas, a European broker for both...

CryptoCurrency and the Great Double Dip

As the ‘gig’ economy goes into overdrive due to COVID layoffs, employee behavior regarding CryptoCurrency has made a dramatic shift in a surprising direction. While you may assume that investing in...

You can always break a promise by making a new one – a politician’s definition

Following Boris Johnson’s victory in the election in 2019, the United Kingdom and the European Union came to an agreement concerning the UK’s withdrawal from the EU. Among the many things decided in...

Coverys Announces Transfer of PEL Operations from TMS Re, Inc.

Boston, MA - October 8, 2020 - Coverys, a leading provider of medical professional liability insurance, today announced that TMS Re, Inc., has transferred its Provider Excess of Loss (PEL)...

Lloyd’s launches “first-of-its-kind” business interruption insurance policy

Lloyd’s has launched a new “first-of-its-kind” business interruption policy for small and medium sized enterprises (SMEs), specifically designed to protect them against IT disruption or downtime. Parametrix...

Enabling sales team during the Covid-19 era

Many functions have been able to seamlessly transition to this change and have gradually gotten used to it. However, one function, viz., sales, the pillar of any business, had to perform work from home...

AM Re relocates to Texas, plans E&S carrier launch in 2021

“We have expanded into cyber and general liability business, so we are carefully looking at the market for opportunities.” ~ Shevawn Barder, AM Re US-based reinsurance provider AM Re Syndicate,...

Lloyd’s sets out recommendations for building simpler insurance products in response to COVID-19

Lloyd’s, the world’s leading specialist insurance and reinsurance market, today published a new report, Building simpler insurance products to better protect customers, which sets out a number of...

Evertas Launches Range of New Services for Institutional Owners of Cryptoassets and Insurers

Evertas, the world’s first cryptoasset insurance company, has launched a range of new services for insurers and institutional/corporate owners of cryptoassets.  The new services are covered...

SPG Welcomes Christopher Lamitola as Chief Sales Officer and Congratulates Yiana Stavrakis on her New Role as President, Monarch E&S Insurance Services

Summit, New Jersey, October 13, 2020 – Specialty Program Group LLC (SPG), a leading operator of specialty insurance brokerages and underwriting facilities, announced today that Christopher...

Insurers extend their Covid support to help many of the UK’s 17 million home and 27 million motor insurance customers

Pledges by members of the Association of British Insurers (ABI) to support both those working from home due to the pandemic and drivers have been extended till 31 December 2020. The continued extra...

Will Companies Remain Empathetic After the Coronavirus?

The transition to working from home has gone incredibly smoothly overall, enabling seamless communication between brokers, cedents and reinsurers. Technological advancement has facilitated this transition...

South Africa remains a top hotspot for cargo crime

New report highlights country’s ongoing vulnerability to cargo theft as well as the trends during the first half of 2020. These include: Hijacking of vehicles in transit is the primary theft type Theft...

Hard market will provide a valuable learning experience for market executives By David Carson

The hard market will provide a valuable learning experience for a generation of re/insurance executives, many of whom have years of experience in their roles but have seen only relatively soft market...

The Changing Nature of Risk: Casualty Dynamics

History shows that the insurance market is cyclical, and this is especially true for casualty lines of business. As long-tail lines, the ultimate profitability of a year is not known for many years as...

Arthur J. Gallagher & Co. Acquires The Merriam Agency

ROLLING MEADOWS, Ill., Sept. 21, 2020 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Charles W. Merriam & Son, Inc., dba The...

Katherine Keefe Joins Marsh to Lead US Cyber Incident Management

Marsh, the world’s leading insurance broker and risk advisor, today announced the appointment of Katherine Keefe, a globally recognized leader in cyber incident response, as US Cyber Incident Management...

AIR Worldwide Estimates Insured Losses for Hurricane Delta Will be Between USD 1 Billion and USD 3 Billion

BOSTON, Oct. 14, 2020 — Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses to onshore property resulting from Hurricane Delta’s winds and storm surge will range from USD...

Cyber-related ransomware and business interruption top concerns of risk managers

Tenth year of Zurich’s Advisen Cyber Survey reveals a more sophisticated cyber insurance buyer:  percentage of respondents with cyber coverage increased from 34 to 80 percent since 2011 Schaumburg,...

Zurich offers new risk management app to help improve safety, quality and insights at construction job sites

Schaumburg, Ill., Oct. 19, 2020 – Zurich North America Insurance is offering a new construction app through Zurich Services Corporation designed to help its construction customers manage their risks and...

Combined Insurance Launches New Online Accident Product

Leading supplemental insurance carrier expands consumer access to affordable accident coverage CHICAGO, Oct. 19, 2020 /PRNewswire/ -- Combined Insurance, a Chubb company, announced today the...

Aon launches Alternative Distribution platform in London

Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, today announced the launch of Alternative Distribution – a London...

RIMS and Hong Kong Federation of Insurers Collaborate in Advanced Risk Management Education Programs

Risk Management Training Paves Way for Hong Kong Insurers to Meet Government Standards  New York (October 21, 2020) – RIMS, the risk management society®, and the Hong Kong...

Hiscox appoints Kathleen Reardon as CEO of Hiscox Re & ILS

Hamilton, Bermuda (21 October 2020) – Hiscox Ltd (LSE:HSX), the international specialist insurer, is pleased to announce the appointment of Kathleen Reardon as CEO of Hiscox Re & ILS,...

Jupiter Recognized as One of Three Companies To Win Zurich Insurance Innovation Competition

Jupiter’s Climate Change Risk Analytics Was Selected from More Than 1300 Submissions San Mateo, CA --- October 22, 2020 -- Jupiter, the leading provider of predictive data and analytics for climate risk...

General Insurance Association of Malaysia names New CEO

Kuala Lumpur, 15 October 2020 – Persatuan Insurans Am Malaysia (PIAM) has announced the appointment of Julie Lean Gim Chong as the Chief Executive Officer Designate of the Association...

AIG to Pursue Separation of Life & Retirement Business

NEW YORK--(BUSINESS WIRE)--Oct. 26, 2020-- American International Group, Inc. (NYSE: AIG) today announced its intention to separate its Life & Retirement business from AIG. The company’s...

AIG Announces Leadership Transitions

Peter S. Zaffino to Become Chief Executive Officer and Joins Board Brian Duperreault to Become Executive Chairman Douglas M. Steenland to Become Lead Independent Director October 26, 2020 04:16 PM...

In the Pandemic Insurers Can Absorb Customer Life & Health Claims, But Not Business Losses from Lockdown Measures

New research by The Geneva Association finds that life and health risks for pandemics similar to COVID-19 are insurable: they are generally non-systemic and modellable. Property & casualty...

Phishing revealed as number one organization attack

BSI raises awareness of the top seven social engineering techniques used by attackers  Cyberattacks have risen dramatically during the COVID-19 pandemic. At one point during the height of the crisis,...

Marsh Appoints Carolina Klint Risk Management Segment Leader for Continental Europe

Stockholm, 26 October 2020 – Marsh, the world’s leading insurance broker and risk advisor, today announced the appointment of Carolina Klint as Risk Management Leader for Continental...

Global Briefs – October 2020

Africa: 1st Edition of the Africa Insurance Pulse 2020 – According to the Africa Insurance Pulse, on “The digitization Africa’s Insurance markets”, launched by the Africa Insurance...

Insurance Authority establishes Disciplinary Panel Pool as a key part of its disciplinary mechanism for the insurance industry

Hong Kong–- 30 October 2020 – The Insurance Authority (IA) announced today the formation of the Disciplinary Panel Pool (DPP) as part of its new disciplinary mechanism for licensed insurance intermediaries...

Sompo International Names New Head of Asian Risk Solutions in the U.S.

PEMBROKE, Bermuda, Oct. 28, 2020 (GLOBE NEWSWIRE) — Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today the appointment...

Triple-I: P/C Insurers Remained Profitable In 2020’s First-Half Despite Challenges

NEW YORK, Oct. 29, 2020—The U.S.’s property/casualty (P/C) insurers turned in a profitable performance in 2020’s first-half even as the industry’s net income dropped 26 percent compared to 2019’s first-half,...

Argo Group Announces Agreement to Sell Ariel Re to Pelican Ventures and J.C. Flowers

Hamilton, Bermuda – Nov. 2, 2020 – Argo Group International Holdings, Ltd. (NYSE: ARGO), an underwriter of specialty insurance and reinsurance products, today announced an agreement to sell its reinsurance...

Guy Carpenter Launches Mutual, Agency and Captive Reinsurance Solutions Practice Within Global Marine & Energy Specialty Group

November 2, 2020 – Guy Carpenter announced today the launch of a new Marine & Energy mutual, agency and captive reinsurance solutions practice, and the appointment of Demian Smith as Managing Director...

Scor Specialty adds fine art/specie underwriter to marine team

France-based Scor Specialty Insurance, the corporate risk division of reinsurer Scor, has hired Richard Morris to join its marine team. Morris will be based in London. Morris will focus on jewellers’...

Covid-19 resurgence impacts cruise lines plans for winter return

European cruise lines had been hoping for a healthy resumption of operations this winter in the Mediterranean, Baltic Sea, Atlantic Coasts and North Atlantic coasts, albeit one where itineraries and ship...
issue

Argo Group to Exit Grocery & Retail Business Unit

  NEW YORK – October 29, 2020 – Argo Group International Holdings Ltd. (NYSE: ARGO), an underwriter of specialty insurance and reinsurance products, today announced plans to exit the grocery...

The Belt and Road Initiative: Challenges and Opportunities Amid COVID-19

New Political Risk Report on the Belt and Road Initiative from Marsh Heading into 2020, there were nearly 3,000 active Belt and Road Initiative* (BRI) projects, involving more than 2,600 companies, with...

Paycheck Protection Program Update: New SBA Questionnaires Ask Borrowers of $2 million or More to Justify Economic Necessity of PPP Loans

By Alexander B. Ginsberg, John E. Jensen, Jenny Y. Liu, Cecilia Wang The Small Business Administration’s questionnaires request information related not only to the economic condition...

Marsh Appoints Tony Ambrose as Deputy CEO, UK Aviation

Marsh, the world's leading insurance broker and risk advisor, today announced the appointment of Tony Ambrose as Deputy CEO, Aviation, Marsh JLT Specialty, effective immediately. Currently a Managing Director...

How The Pandemic Is Accelerating Trends In Urban Space

Overview The novel coronavirus (COVID-19) pandemic is changing how we use our city space — and these trends are likely to continue well into the future. Some of these shifts are already hitting home:...

AIG Reports Third Quarter 2020 Results

NEW YORK, November 5, 2020 – American International Group, Inc. (NYSE: AIG) today reported financial results for the quarter ended September 30, 2020. Brian Duperreault, AIG’s Chief...

Global Insurance Market Index - 2020 Q3

Global Commercial Insurance Pricing Increased 20% in Third Quarter Global commercial insurance pricing increased 20% in the third quarter of 2020, according to Marsh's quarterly Global Insurance...

Willis Towers Watson Reports Third Quarter 2020 Earnings

ARLINGTON, Va. and LONDON, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Willis Towers Watson (NASDAQ: WLTW) (the “Company”), a leading global advisory, broking and solutions company,...
issue

Disruptive trends set to transform the traditional insurance landscape

By Mamta Rodrigues, Divisional President of Banking Financial Services & Insurance at Teleperformance Mamta discusses the seismic changes taking place in the fast-evolving insurance industry and...

Cinven and GIC to acquire specialist insurance broker Miller

London, November 9, 2020 – Cinven, the international private equity firm, and GIC, Singapore’s sovereign wealth fund, today announce that they have reached an agreement to acquire leading specialist insurance...

Triple-I: Eta Forecast to Make 2nd Florida Landfall This Week

SAINT JOHNS, Fla., Nov. 9, 2020 – After making landfall in the Florida Keys late on Sunday, Nov. 8 as a strong tropical storm, Floridians should remain prepared for Eta’s second landfall along...

Brown & Brown, Inc. Announces the Asset Acquisition of CoverHound and CyberPolicy

DAYTONA BEACH, Fla., Nov. 09, 2020 (GLOBE NEWSWIRE) — J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Keith Moore, the CEO of CoverHound and its wholly owned subsidiary...

Lloyd’s launches 2021 transformation plan with the second phase of its ambitious Future at Lloyd’s strategy

Today Lloyd’s published its second blueprint which sets out the delivery plan for the next phase of its strategy to build the most advanced insurance marketplace in the world.  Blueprint Two is...

Only Half of U.S. Workers Will Receive a Salary Increase in 2021

Gallagher's Annual Salary Planning Survey Reveals How Continued COVID-19 Uncertainty is Causing More Organizations to Shift Away from Across-the-Board Increases and Embrace Variable Pay Models ROLLING...

Resilience Unveils Powerful Combination of Cybersecurity and Cyberinsurance To Mitigate Risk For Companies Threatened By Increasing Wave of Cybercrime

Patented Analytics Technology Attracts Investment From Intact Ventures SAN FRANCISCO, CA-- November 11, 2020 -- Announcing the launch of Resilience Insurance, a newly formed program manager with...

Why the World May Be Flat in 2021

It’s no secret that facts and ‘alternate facts’ sweep across the Web all the time, fueled by AI algorithms that distribute based on interactivity and activity instead of truth and usefulness. In response,...

Aon to Invest $30 Million and Create 10,000 Apprenticeships Nationwide by 2030

Apprenticeship program expansion across the United States to strengthen workforce resilience with collaboration among broad network of employers CHICAGO, Nov. 12, 2020 /PRNewswire/ -- Aon plc (NYSE:...
issue

AIG Announces Executive Promotions

November 12, 2020 – NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that Lucy Fato, Executive Vice President & General Counsel, has taken on additional responsibilities...

Record-Setting Storm Season Further Impacts U.S. Economy

Storms Delta and Zeta add to multi-billion-dollar losses in United States in October CHICAGO, Nov. 13, 2020 – Aon plc (NYSE: AON), a leading global professional services firm providing...

Clearlake Capital-Backed Zywave Acquires Advisen

MILWAUKEE – (Nov. 17, 2020) – Insurance technology provider, Zywave, today announced the acquisition of Advisen, the foremost provider of data, media and technology solutions for the commercial...

Hamish Roberts Appointed Global Renewable Energy Leader, Marsh JLT Specialty

London, 19 November 2020 – Marsh, the world’s leading insurance broker and risk advisor, today announced the appointment of Hamish Roberts as Global Renewable Energy Leader, Marsh JLT Specialty. Effective...

The 6 Elements of Good Judgment For Better Decisions

Overview Leaders are constantly called on to use their judgment to make decisions that are crucial to their organizations. And the novel coronavirus (COVID-19) pandemic has meant that managers...

Why We Need a Pandemic Risk Solution Now

"A public-private partnership is the best option to pursue for a #pandemic risk solution" ~ John Doyle, Marsh President and CEO. The COVID-19 pandemic has affected us all. While...

Aon Announces Additional $5.0 Billion Share Repurchase Program

DUBLIN, Nov. 20, 2020 /PRNewswire/ -- Aon plc (NYSE:AON) ("Aon") announced today that its Board of Directors has authorized a new $5.0 billion share repurchase program. ...

Insurance Woman of the Year

  APIW, Inc. (The Association of Professional Insurance Women) announced that Lori Goltermann, Chief Executive Officer of Aon’s U.S. Commercial Risk Solutions and Health Solutions businesses,...

Howden acquires specialist broker Safeonline to boost cyber offering

Acquisition creates ‘centre of excellence’ in London to complement Howden’s global cyber capability November 23, 2020 – Howden, the international insurance broker, announced today that it has reached...

Brexit: Insurance advice for motorists in Northern Ireland

"Motorists in Northern Ireland need to be geared up for the end of the transition period on 31 December. Motor insurers have planned for this and are ready to help and advise customers on what they need...

2020’s Turmoil Takes Toll on Insurers’ Finances, New Triple-I / Milliman Report Shows

NEW YORK, Nov. 17, 2020 –The global pandemic and costly natural catastrophes will contribute to a projected 101.7 combined ratio for the U.S.’s property/casualty (P/C) insurers in 2020, higher than...
issue

Trident Marine Managers & Global Special Risks Join Forces Within RSG Underwriting Managers

New Practice Vertical Created – Marine and Traditional Energy NOVEMBER 23, 2020 | CHICAGO, IL – RSG Underwriting Managers, LLC is pleased to announce the consolidation of two of its current underwriting...

PwC Actuarial Services Hails Aon's PathWise® Platform for IFRS 17 Reporting

LONDON, Nov. 24, 2020 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, today announces that professional...

Chubb Index Highlights Importance of Professional Services Industry Taking More Protective Steps Against Cyber Attacks

WHITEHOUSE STATION, N.J., Nov. 24, 2020 /PRNewswire/ -- In the latest edition of the Chubb Cyber InFocus Report, Chubb data reveals that the professional services industry need...

Brokerslink and Swiss Re Corporate Solutions have launched a dedicated international insurance programme management platform

Novemver 24, 2020  Global broking business Brokerslink has today launched its dedicated international insurance programme management platform to drive the continued growth and digitalisation of its...

SME reliance on key client emphasizes demand for COVID-19 cover, says GlobalData

Nearly 30% of medium-sized small to medium enterprises (SMEs) in the UK are either very or extremely concerned about being overdependent on one client, according to GlobalData’s 2020 UK SME Insurance Survey....

Insurance Authority releases provisional statistics of the Hong Kong insurance industry for the first three quarters of 2020

The Insurance Authority (IA) today (30 November 2020) released provisional statistics of the Hong Kong insurance industry for the first three quarters of 2020, indicating a growth of total gross premiums...

Aegon to sell its Central and Eastern European business to VIG

Romanian House on a hill Aegon has agreed to sell its insurance, pension and asset management business in Hungary, Poland, Romania and Turkey for EUR 830 million to Vienna Insurance Group AG Wiener Versicherung...

Incidents against ships in the Singapore Strait

The ReCAAP website is very interesting - check the Warnings & Alerts; Interactive Incident Map; and Report Incidents at the end of this article Asian piracy reporting organization ReCAAP ISC has...

APRA releases general insurance statistics for September 2020

The Australian Prudential Regulation Authority (APRA) released its Quarterly General Insurance Performance Statistics and Quarterly General Insurance Institution Level Statistics publication for...

Triple-I: 2020’s Atlantic Hurricane Season Was One for the History Books

SAINT JOHNS, Fla., Nov. 30, 2020 – The 2020 Atlantic hurricane season officially ends today with a record 30 named storms, including a near-record 13 hurricanes. Six were major hurricanes, achieving...

Chubb Appoints Gabriel Lazaro as Digital Head of the Company's International General Insurance Business

NEW YORK, Nov. 30, 2020 /PRNewswire/ -- Chubb announced today that Gabriel Lazaro has been appointed Senior Vice President, Digital Head for Overseas General Insurance, the company's...

Chubb Names John Keogh President

ZURICH, Dec. 2, 2020 /PRNewswire/ -- Chubb today announced that John Keogh, Executive Vice Chairman of Chubb Group and Chief Operating Officer, has been appointed President and Chief...

AmWINS Group, Inc. to Acquire International Specialty Brokers Limited

CHARLOTTE, N.C. (Dec. 01, 2020) – AmWINS Group, Inc. (“AmWINS”), a global distributor of specialty insurance products and services, today announced it has signed a definitive agreement to acquire...

Hub International Acquires Quebec-based Seymour Alper Inc.

Chicago - December 2, 2020 - Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of United Shortline Insurance Services, Inc....

Guy Carpenter Appoints Head of Japan

London, 7 December 2020 – Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist and a business of Marsh & McLennan Companies (NYSE: MMC), today announced the appointment...

Allianz Global Corporate & Specialty makes global leadership appointments

Jeremy Sharpe Jeremy Sharpe joins from AIG to lead AGCS’ Global Distribution function Patrick Thiels moves to lead AGCS’ expanded Mediterranean & Africa Region Corinne Cipière joins Board of Management...

Entrepreneur Establishes a Corona-Free Marathon to Support Local Charities

AMSTERDAM (DECEMBER 7, 2020) - Due to the corona crisis, activities supporting Stichting Kinderen Kankervrij (KiKA) and Olympic Stadium Amsterdam Foundation, like so many other events, were canceled...

Record participation and active engagement at the Asian Insurance Forum 2020

Mrs Carrie Lam, Chief Executive of the Government of the HKSAR The Asian Insurance Forum (AIF) 2020 was held today (8 December 2020) under the theme of “Spearheading Change for a Sustainable and Resilient...

Hamilton Enters Environmental Marketplace and Appoints John Termini as US Head of Environmental Insurance

HAMILTON, Bermuda, December 10, 2020 – Hamilton Insurance Group, Ltd. (“Hamilton;” “the Company”) today announced that the Company has entered the environmental insurance marketplace, welcoming John...

Chubb Creates New Digital Team for Europe

LONDON, Dec. 10, 2020 /PRNewswire/ -- Chubb has today announced the creation of a new digital team for Continental Europe (CE) and the United Kingdom & Ireland (UK&I). The...

Rims Announces Formation of India Chapter

RIMS India Chapter Ready to Support the Country’s Risk Management Community  NEW YORK — RIMS, the risk management society®, has announced the addition of its 80th chapter, RIMS...

Arthur J. Gallagher & Co. Acquires Premier Brokerage Services, Inc.

ROLLING MEADOWS, Ill., Dec. 15, 2020 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Jenkintown, Pa.-based Premier Brokerage...

Lloyd’s takes action to accelerate transition to sustainable economy

Unusally interesting photograph of Lloyd's interior Lloyd’s publishes its first Environmental, Social and Governance Report which details its ambitions to fully integrate sustainability into all of Lloyd’s...

RT Specialty Webinar Details

BJ Leonard, R-T Specialty The Dos and Don'ts of Servicing Contractor's Professional Liability Claims Hamilton, New Jersey (December 16, 2020) – R-T Specialty, LLC’s Environmental and Construction...

The Board of Directors chooses Benoît Ribadeau-Dumas to succeed Denis Kessler as Chief Executive Officer of SCOR

The SCOR Board of Directors, which met today, has reached a decision on the succession of Denis Kessler, Chairman & Chief Executive Officer. As part of the rigorous work carried out since 2019 with...

COVID-19’s Impact on the Insurance Industry Will Continue Well into 2021

TransUnion identifies key insurance trends for the new year Chicago, Dec. 17, 2020 – The COVID-19 pandemic has served as a watershed moment for the insurance industry, accelerating digitization...

David Carson Insurance Day Big Interview

David Carson ‘London market property cat MGAs are an acquired taste’ Coronavirus, the negative publicity around ILS and the high cost of retro cover are creating unique opportunities in the property...

The Effective Risk Manager

Editor’s Note: The following is an address presented by Harold H. Hines, Jr. when he was President of Ryan Insurance Group, Inc. to the Risk and Insurance Management Society (Chicago Chapter) Annual Meeting...
issue

Innovating the Policyholder Experience

Tom Griffin, President Invoice Cloud We’ve all witnessed Google’s domination of online advertising and Amazon’s eclipse of brick-and-mortar retailers through innovation. Digital disruptors have elbowed...

December 2020 – Synopsis: Companies & Brokers News

Volume 31, Numbers 10-12, Q4 2020 Companies Aviva exits Vietnam – Manulife Financial will buy all of Aviva’s operations in the country in an all-cash deal. This divestiture...

Power Energy Risk and Generali Global Corporate & Commercial UK Announce a Strategic Partnership

The agreement aims at addressing renewables-related risks at a global level, with a focus on wind and solar energy plants 16 December 2020 – LONDON, United...
issue

Aon Confirms the European Commission Has Initiated a Phase II Review of Combination with Willis Towers Watson

DUBLIN, Dec. 21, 2020 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, confirmed today that the...

International Re announces admitted insurer partnership with Cimarron

Andy Jeckells London, 22 December 2020. International Re (I–RE), the specialist captive insurance and reinsurance MGU, is today announcing its new strategic capacity partnership with Cimarron Insurance...

Digitizing Your Insurance Offerings: Put Your Users First

With more target markets spending an increased amount of time online, businesses across industries have felt the push to go digital for years. However, the COVID-19 pandemic has upped the pressure with...

Haven, the Amazon-Berkshire-JPMorgan venture to disrupt healthcare, is disbanding after 3 years

Haven, the Amazon-Berkshire-JPMorgan venture to disrupt healthcare, is disbanding after 3 years Hugh Son Haven began informing employees Monday that it will shut down by the end of next month, according...

Ellen Dunkin Named 2021 President of RIMS

Society Introduces 2021 Officers & Board of Directors  NEW YORK (January 4, 2021) — RIMS, the risk management society®, today announced that Ellen R. Dunkin, Esq. will lead...

Ryan Specialty Group Hires Industry Expert John Zern to Lead Ryan Specialty Benefits

January 4, 2021 | Chicago, IL – Ryan Specialty Group, LLC (RSG) is pleased to announce John Zern has joined the company as President and Chief Executive Officer of Ryan Specialty Benefits. John...

Price increases at the January 1, 2021 reinsurance renewals were moderated

Price increases at the January 1, 2021 reinsurance renewals were moderated compared to initial expectations by abundant capital levels and an increased willingness on the part of reinsurers to deploy capacity...

America: at the Intersection of Freedom of Speech and Risk

If you believe the attack on the US Capitol this week was called in by President Trump, then we have absolutely arrived at this critical intersection. But is the issue freedom of speech exactly, or is...

Justin Kochmer Named Account Administrator at RT Specialty

Hamilton, New Jersey (January 13, 2021) – RT Specialty has named Justin Kochmer as an account administrator within its Environmental and Construction Professional (ECP) Practice. He is responsible...

Chubb Names Michael Kessler Global Head of Company's Cyber Risk Insurance Business

ZURICH, Jan. 12, 2021 /PRNewswire/ -- Chubb today announced that Michael Kessler has been appointed Division President of the company's global cyber risk insurance business. ...

Chubb Appoints Jeremiah Konz Chief Reinsurance Officer

ZURICH, Jan. 12, 2021 /PRNewswire/ -- Chubb today announced that Jeremiah Konz has been appointed Chief Reinsurance Officer.  Currently, Mr. Konz is Executive Vice President, Reinsurance...

RT Specialty Announces New Binding Authority Leadership Team

JANUARY 12, 2021 | CHICAGO, IL – RT Specialty is pleased to announce the new leadership team for its national binding authority operations, RT Binding Authority. Leading RT Binding Authority is President...

Aon CEO Greg Case Recognized as Top Ally on INvolve OUTstanding LGBT+ Ally Executives List

Case named number one on annual list that celebrates businesspeople who are driving inclusion in the workplace CHICAGO, Jan. 19, 2021 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global...

The World Needs to Wake Up to Long-Term Risks

In 2020, the world saw the catastrophic effects of ignoring long-term risks such as pandemics, now an immediate risk according to the Global Risks Report 2021 released today The COVID-19 pandemic...

AkinovA becomes the First New Regulated Insurance Marketplace for 150 Years

LONDON, 20 January 2021 - AkinovA (Bermuda) Ltd, the wholly-owned Bermuda trading subsidiary of AkinovA Limited, has been granted the first “Insurance Marketplace Provider” licence by the Bermuda...

SRS Continues to Expand Operations Announces Three Key Appointments in Switzerland

Concord, MA, January 26, 2021 - Strategic Risk Solutions (“SRS”; “the Company”), a provider of insurance management and consulting services, announced today that its continued geographic expansion...

New Chubb Solution Streamlines Absence Management and Workplace Benefits with Employers and Employees in Mind

Chubb WorkInsight integrates Workers' Compensation, Leave, Disability and Voluntary Programs to enhance employee experience, and promote better compliance and outcomes for employers WHITEHOUSE STATION,...

IUA agrees business plan for 2021

Climate risks remain a key priority for the London company market the International Underwriting Association has confirmed in its business plan for 2021. The organisation also revealed details of a strategic...

Eurapco and B3i launch Unity, the first global risk transfer operational solution developed on blockchain infrastructure

Marine insurance is the first business line to benefit ZURICH, Jan. 26, 2021 /PRNewswire/ -- Eurapco, a strategic alliance of eight primarily mutual European insurers, and B3i Services AG, a global...

Transaction Liability Insurance Expert Matt Heinz Joins Lockton

Heinz’s hire further demonstrates Lockton’s commitment to the M&A insurance market Matt Heinz, an industry-leading mergers and acquisitions (M&A) expert, joined Lockton today as a Partner in...

AI Helps Seniors Choose Medicare Plans; Streamlines Insurance Process

The insurance industry, a technological laggard, is catching up with modern online customer service. Ensurem CEO Dave Rich explains how artificial intelligence-based automation makes complex Medicare insurance...

Cooperation and Conflict: The Ambivalence of the Risk Manager-Broker Relationship

Editor’s Note: The following is an address presented by Harold H. Hines, Jr. when he was President of Ryan Insurance Group, Inc. to the South Texas Chapter of the Risk and Insurance Management Society...

Aon and Willis Towers Watson Establish 'One Firm' Vision, Name Executive Committee for Proposed Combination

DUBLIN, Jan. 27, 2021 /PRNewswire/ -- Aon plc (NYSE: AON) and Willis Towers Watson plc (NASDAQ: WLTW) today announced the future leadership team for the firm that will be effective...

AXIS Re Welcomes Katie Partington Howarth as Chief Underwriting Officer

PEMBROKE, Bermuda--(BUSINESS WIRE)-- AXIS Re, the reinsurance business segment of AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS), today announced that Katie Partington Howarth has...

US Air Force Selects Jupiter to Study Impact of Sea Level Rise and Flooding at Wake Island Airfield

Project Will Forecast Risks Due to Inundation Driven by Climate Change at Strategic Facility in the Micronesia Region San Mateo, CA - February 2, 2021 - Jupiter, the global leader in climate analytics...

Insurers accept mass testing could play role in COVID-19 and future pandemics

Insurance companies say the jury is out on how much employers may be liable to COVID-19 compensation claims in the workplace. But they accept that testing may be part of a new era as the UK government...

Chubb Announces Leadership Appointments in its North America Financial Lines Division

Michael Mollica to Lead Private/Not-For-Profit Management Liability Business; Stephen Troiano to Head Financial Institutions Management Liability Business WHITEHOUSE STATION, N.J., Feb. 8, 2021 /PRNewswire/...

Chubb Appoints Leigh Anne Sherman Division President of ESIS, Inc.

HITEHOUSE STATION, N.J., Feb. 8, 2021 /PRNewswire/ -- Leigh Anne Sherman has been appointed Division President of ESIS, a Chubb company, and a leading third-party claims administrator. Ms. Sherman will...

CNA Reports Higher Q4 Profit

CNA Financial Announces Q4 2020 Net Income Of $1.42 Per Share And Core Income Of $1.23 Per Share; Full Year 2020 Net Income Of $2.53 Per Share And Core Income Of $2.70 Per Share 02/08/2021 CHICAGO, Feb....
issue

AXA XL strengthens Political Risk, Credit & Bond team with the appointment of Caroline Tran

Paris - February 01, 2021 – AXA XL Insurance  announced it has appointed Caroline Tran as Product Leader, Political Risk, Credit & Bond (PRCB) – Europe. In this newly created role, Ms. Tran...

New Commercial Insurance Product to Cover Cannabis and Hemp Business from Seed to Sale

BRENTWOOD, TN, – Feb. 9, 2021 – SafeHerb, a division of Specialty Program Group, is introducing a new commercial insurance product that will provide a full suite of insurance protection for the cannabis...

Increased use of digital channels opens door to a bright 2021 for U.S. fintech, according to S&P Global Market Intelligence’s annual Fintech Market Report

New York, NY – February 10, 2021 – Last year’s favorable market conditions for companies in the U.S. financial technology...

Hilton Jones Named Consultant at RT Environmental & Construction Professional

Hamilton, New Jersey (February 9, 2021) – Hilton Jones has been named a consultant within the Environmental and Construction Professional (ECP) Practice of RT Specialty. Based in San Francisco,...
issue

Hippo Appoints VP Of Growth, Bolstering Investment in Smart Home Innovation

Bolstering Investment in Smart Home Innovation To Drive Better Outcomes For its Home Insurance Customers PALO ALTO, CALIF. (PRWEB) FEBRUARY 18, 2021 Hippo, the home insurance group leading a new...

New Lloyd’s report highlights the increasing risk of cyber-attack to the industrial sector

Lloyd’s, in partnership with cyber analytics specialist CyberCube and reinsurance broker Guy Carpenter, has today launched a new report which examines how ‘Internet of Things’ devices are posing an increasingly...

Aon Global Market Insights Report Finds Upward Insurance Pricing Momentum to Continue in 2021

CHICAGO, Feb. 18, 2021 – Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, today released its Q4 2020...

Chubb Launches BLINK by Chubb®, a New Brand that Simplifies Insurance for Digitally Savvy Consumers

NEW YORK, Feb. 23, 2021 /PRNewswire/ -- Chubb announced today the launch of BLINKSM by Chubb®, a new brand focused on delivering easy, effortless and affordable insurance products for digitally...

Reinsurance Implications of the United Kingdom’s Business Interruption Test Case

On January 15, 2021, the UK Supreme Court issued its widely anticipated decision in the Financial Conduct Authority’s business interruption (BI) test case. The FCA brought the test case to resolve uncertainty...

Anna Pereira to Join Strategic Risk Solutions as Company Continues Expansion in ILS and Fund Administration

Concord, MA, February 22, 2021 - Strategic Risk Solutions (“SRS”; “the Company”), the world’s leading independent insurance company manager, announced today that Anna Pereira has been appointed to the...

Willis Towers Watson and Liberty Specialty Markets launch reputational crisis solution

ASIA, 22 February 2021 - Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, and Liberty Specialty Markets, a leading global provider of specialty and commercial...

Like Venmo and CashApp creates the risk of award inflation through combining non-work and work payments into a larger benefit award

By Marci De Vries Apps like Venmo or CashApp are now mainstream ways to easily move money between individuals and are often used as a way to quickly pay a gig-sized vendor. But these apps can cause...

Ryan Specialty Group Announces Expanded Executive Leadership Team

February 25, 2021 | Chicago, IL – Ryan Specialty Group, LLC is pleased to announce its expanded and revised executive leadership team as the company continues to evolve and grow as it looks to the...
issue

Zurich North America names Sonia Kundi Canada Chief Risk Officer

Kundi brings years of risk management experience to the role.  TORONTO, Feb. 25, 2021 – Sonia Kundi has joined the Zurich North America Group Risk Management team as Canada Chief Risk Officer, effective...

WBN adds leading valuation consultants StempleCrites to its network

San Francisco, February 25, 2021 – The Worldwide Broker Network™ (WBN), the world’s largest global network of independent insurance and benefits brokers, is today announcing a new associate member, StempleCrites...

Alex Ilgner Named Account Administrator at RT Environmental & Construction Professional

Hamilton, New Jersey (February 25, 2021) – Alex Ilgner has been named as an account administrator within the Environmental and Construction Professional (ECP) Practice of RT Specialty. He will support...

EPIC Announces Leadership Structure Realignment

Positions firm for continued growth and success EPIC Insurance Brokers and Consultants CEO Steve Denton announced organizational and restructuring changes, effective immediately, across the company. The...

Aon and Praedicat to Address Insurers’ Emerging Risks in Casualty Sector with Specialist Solutions

CHICAGO, Mar. 1, 2021 – Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, today announces a new collaboration...

Port congestion spreads on US west coast

Recent congestion issues at Southern California ports have now begun to impact operations of other ports along the North American Pacific Coast. Oakland Port in San Francisco Bay has said that a spreading...
issue

Claire Le Gall-Robinson, General Secretary of SCOR, is appointed to the Group Executive Committee

Claire Le Gall-Robinson joins SCOR’s Executive Committee with effect from March 1, 2021. In addition to her role as General Secretary, which she has held since 2016, Claire Le Gall-Robinson is in charge...

Burgeoning renewables demand for CPRI is key trend to watch, says new BPL Global report

On March 1, 2021 Leading specialist CPRI broker BPL Global published its annual Market Insight report revealing a snapshot of claims, emerging areas of demand and appetite and how the industry...

Hippo to Go Public in Merger with Reinvent Technology Partners Z

PALO ALTO, Calif.--(BUSINESS WIRE)--Hippo Enterprises Inc. (“Hippo”), the home insurance group that created a new standard of care and protection for homeowners, has entered into a definitive business...

unisonSteadfast offers tailor-made health insurance cover worldwide in new co- operation with Barmenia

Hamburg – February 12, 2020 – The global unisonSteadfast network and the German health insurer Barmenia enter into a partnership in the field of health insurance. Within the scope of this cooperation,...

MARSH APPOINTS KEVIN BRYANT US PUBLIC ENTITY INDUSTRY PRACTICE LEADER

New York, February 8, 2021, Marsh, the world’s leading insurance broker and risk advisor, today announced that Kevin Bryant has joined the firm to lead its National Public Entity Industry Practice. In...

Successful first year of monitoring of the global Insurance Capital Standard (ICS) on route to adoption in 2024

Despite the operational challenges of 2020, the first year of ICS monitoring saw strong participation and engagement from insurance groups Participation in the ICS monitoring period will grow in 2021,...

Zurich North America names leaders for U.S. Middle Market South Region

Kim Jordan and Jim Heintz had held their new positions on an interim basis before being promoted. SCHAUMBURG, Ill., March 8, 2021 – Kim Jordan has been appointed the Regional Vice President for the South...

Amwins Signs Definitive Agreement to Acquire Worldwide Facilities

Davis Moore The acquisition strengthens Amwins' U.S. presence, as well as brokerage, underwriting and binding authority and group benefits divisions CHARLOTTE, N.C., March 5, 2021 /PRNewswire/...

Allianz Partners Adds Epidemic Coverage to Travel Insurance Products

New Coverage Added for COVID-19 Illnesses and Individually-Ordered Quarantines RICHMOND, VA, March 8, 2021 — Allianz Partners, a leading travel insurance and assistance company, is rolling out...

WORLDWIDE BROKER NETWORK™ APPOINTS OLGA COLLINS AS CEO

San Francisco, March 9th, 2021 – The Worldwide Broker Network™ (WBN), the world’s largest global network of independent insurance and benefits brokers, announces the appointment of Olga Collins as Chief...

Global Head of AIG Enterprise Design and Life & Retirement Separation Initiatives

Lisa Buckingham (Photo: Business Wire) NEW YORK--(BUSINESS WIRE)--Mar. 11, 2021-- American International Group, Inc. (NYSE: AIG) today announced that Lisa M. Buckingham will join...

Marsh & McLennan is now Marsh McLennan

March 15, 2021 – Today we are unveiling a new name, Marsh McLennan, and a new look to the world.  It is a small change, and yet it carries deep meaning for who we are and what we do. Our...

Hippo Scales its Claims Services With Automation From Two Industry-Leading Partners

New enhancements will bring increased speed, efficiency, and processing power to Hippo’s customer claims services as Hippo expands to its 33rd state, Michigan, and scales its home insurance product PALO...

Ryan Specialty Group Announces Ryan Re Leadership Team

March 15, 2021 | Chicago, IL – Ryan Specialty Group is pleased to announce the new formalized leadership structure for Ryan Re Underwriting Managers, LLC (Ryan Re), subsidiary of Ryan Specialty Group,...

Katherine Horowitz Promoted to Executive Vice President & Head of Business Units at The Institutes

MALVERN, Pa., Mar. 16, 2021—Katherine Horowitz has been promoted to Executive Vice President & Head of Business Units at The Institutes. In her new role, Horowitz will oversee the...

Miller announces Bermuda expansion with appointment of Charlie Simpson

Miller continues its international expansion with the appointment of Charlie Simpson who has joined to lead the broker’s new platform in Bermuda. Simpson, who joins as Head of Bermuda, will concentrate...

Ryan Specialty Group, LLC Announces Draft Registration Statement for Proposed Initial Public Offering

March 16, 2021 | Chicago, IL – Ryan Specialty Group today announced that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission...

Ryan Specialty Group Announces New Executive Management Team for RSG Underwriting Managers

March 16, 2021 | Chicago, IL – Ryan Specialty Group, LLC is pleased to announce its expanded and revised executive leadership team for RSG Underwriting Managers. The consideration of an IPO as recently...

Chubb Confirms Submission of Preliminary Proposal for Strategic Business Combination to The Hartford

NEW YORK, March 18, 2021 /PRNewswire/ -- On March 11, Chubb Limited presented The Hartford with a proposal for a combination of our two companies that we believe would be strategically...

How Bajaj Allianz General Insurance digitized CX & then humanized it

AI is a science. Customer centricity is an art. The ability to blend the science of digitization with the art of the company's philosophy of 'Caringly yours' to offer human-centric digital CX is what...

Jude Sedliak Joins Berkley Service Professionals as a Vice President of Underwriting

Glastonbury, Conn. (March 24, 2021) – Jude Sedliak joins Berkley Service Professionals, a division of Berkley Alliance Managers, a Berkley Company, as a vice president of underwriting. He...

CFC acquires Insane Technologies

CFC extends global cyber incident response team with acquisition of Insane Technologies LONDON - 16 March 2021 – CFC, a specialist insurance provider and pioneer in emerging risk, today announced...

The Hartford Board Of Directors Unanimously Rejects Unsolicited Proposal From Chubb

Determines Chubb proposal is not in best interests of shareholders 23 March 2021 - HARTFORD, Conn.– (BUSINESS WIRE) -- The Hartford (NYSE: HIG) today announced that its board of directors,...

Product Recall: Conversation Starters

It's important that your clients understand the basic risks faced by their business, here's how to start those conversations. Before talking about product recall insurance premiums and the coverage,...

Brokers International and Integrity Marketing Group Announce an Exciting Partnership

Addition of Brokers International’s annuity and wealth-planning expertise to fast-growing platform allows Integrity to bring more financial and retirement solutions to American seniors DALLAS – March...

Westchester, a Chubb Company, Names Dave Roberts Head of Westchester Small Business

WHITEHOUSE STATION, N.J., March 25, 2021 /PRNewswire/ -- Westchester, Chubb's wholesale excess and surplus insurance business, has appointed Dave Roberts Senior Vice President,...

Acrisure Secures $3.4 Billion in Capital Raise

Closes $3 billion in Senior Preferred Stock Closes $454 million in Junior Preferred Stock at an implied enterprise value of $17.5 billion  GRAND RAPIDS,...

Zurich creates services unit to serve customer need for solutions to evolving risks

Zurich Insurance Group (Zurich) has created a new unit to meet growing demand from businesses for risk prevention and mitigation services that enable them to manage evolving risks more effectively, and...

New Dawn Risk makes senior hire to strengthen Latin American offering

New Dawn Risk Group Limited, the international specialist insurance intermediary, announced today the appointment of Manuel Sicard to lead the company’s expansion into Latin America. Max Carter, CEO of...

Marsh appoints new digital asset and directors and officers liability leaders

New York, March 26, 2021 – Marsh, the world’s leading insurance broker and risk advisor, today announced new leadership appointments within its US Financial Institutions (FI) and Financial and Professional...

Eight University Teams Picked to Compete at RIMS LIVE 2021

Spencer-RIMS Risk Management Challenge Gives Future Risk Management Leaders a Platform to Demonstrate Innovation and Professionalism (NEW YORK) March 23, 2021 – RIMS, the risk management...

IUA Urges Construction Industry Reform

London - April 1, 2021 - Insurers have urged the construction industry to embrace reform in order to help improve the provision of professional indemnity insurance for the sector. The International...

Varney Re launches - Tod Austin appointed Chief Operating Officer

Tim Varney Tampa, Fl, April 1st, 2021, Varney Insurance Agency is pleased to announce the formation of Varney Re a Bermuda based reinsurance company. Tod Austin has been appointed Chief Operating Officer...

Marsh McLennan Launches Inaugural ESG Report Changing What’s Possible

Dan Glaser NEW YORK--(BUSINESS WIRE)--Mar 31, 2021-- Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, today released its first...

Mosaic Announces Hiring Of William Monat

William Monat Best of luck Bill! ~ Alex Hodges Hamilton, Bermuda, April 1, 2021—William Monat, a prominent mergers and acquisitions insurance market leader, has joined Mosaic to spearhead the specialty...

Mosaic announces launch of global cybersecurity underwriting teams in US, UK

Hamilton, Bermuda, March 25, 2021—Mosaic will begin underwriting cyber insurance globally April 1, through teams based in Chicago and London. Mosaic's Cybersecurity & Privacy coverage is designed...

Worldwide Broker Network™ appoints B. Scott Davis to its board

San Francisco, April 14th, 2021 – The Worldwide Broker Network™ (WBN), the world’s largest global network of independent insurance and benefits brokers, today appointed B. Scott Davis, President, National...

Steadfast Group becomes major shareholder in the global unisonSteadfast network

  Monday, 19 April 2021, Sydney/Hamburg: Steadfast Group (Steadfast), the largest general insurance network in Australasia, and unisonSteadfast, the largest global network of independent insurance...

Steven Capace and Bryan Salek join Marsh to lead US Government Contracting Practice

New York, April, 20, 2021 – Marsh, the world’s leading insurance broker and risk advisor, today announced that Steven Capace and Bryan Salek have joined Marsh to co-lead its US Government Contracting...

Insurers’ support for office home-workers to continue

A pledge made over a year ago by insurers to support customers adapting to working from home will continue permanently. As restrictions begin to lift across the UK, and many businesses look to adopt flexible...

Guy Carpenter Appoints Global Co-Heads of Cyber

Guy Carpenter announced the appointment of Anthony Cordonnier as Managing Director and Global Co-Head of Cyber, effectve the second half of 2021, and the promotion of Erica Davis to Global Co-Head of Cyber,...

Cyber attacks on the rise for businesses

London, UK (19 April, 2021) – The proportion of businesses targeted by cyber criminals in the past year increased from 38% to 43%, according to the Hiscox Cyber Readiness report 2021, with over a...
issue

April 2021 Reinsurance Renewals: Korea

Prior to the April 1 reinsurance renewals in Korea, expectations for pricing increases were quite high. While Korea had not experienced any impactful losses in recent years, a mid-sized typhoon, heavy...

Alex Dahlmann appointed Head of Office, Marsh Management Services AB Sweden

Stockholm, 21 April 2021 — Marsh, the world’s leading insurance broker and risk advisor, today announced the appointment...

To protect businesses from pandemic risk, governments need to be ‘insurers of last resort’

To support government-insurer discussions on how to close the protection gap for business interruption risk in the case of a pandemic, The Geneva Association has released Public-Private Solutions...

Chubb Statement

NEW YORK, April 22, 2021 /PRNewswire/ -- Chubb Limited (NYSE: CB) issued the following statement today: We have believed that a consolidation of our two organizations, on terms that recognized...
issue

The Hartford Donates $2 Million To Move United To Advance Adaptive Sports Movement

Commitment expands disability insurer’s partnership with nation’s leading adaptive sports organization to launch competition series, fitness training HARTFORD, Conn.--(BUSINESS WIRE)-- The Hartford,...
issue

Heffernan Insurance Brokers Opens Heavy Equipment Warranty and Insurance Program, Iron Guard Solutions

WALNUT CREEK, Calif., April 15, 2021 /PRNewswire/ -- Heffernan Insurance Brokers, one of the largest full-service, independent insurance brokerage firms in the United States, announces...
issue

Zurich appoints Timothy Powell as Global Head Financial Lines and Cyber

May 4, 2021 – Zurich Insurance Group (Zurich) has appointed Timothy Powell as Global Head Financial Lines and Cyber, a newly created role that combines lines of business and simplifies the Group’s offering....

Strategic Risk Solutions Announces Key Hires In Guernsey Office

Elyse Dandeker Concord, MA, May 4, 2021 - Strategic Risk Solutions (“SRS”; “the Company”), the world’s leading independent insurance company manager, announced today that Elyse Dandeker and Stephen...

Transforming the underwriting process to unlock innovation in P&C insurance

Greg Murphy, Executive Vice President, North America at INSTANDA explores how innovating the static underwriting process could become a catalyst for immense transformation and growth...
issue

Social Media AI Aims to Foil OSINT Teams

The Artificial Intelligence (AI) inside Facebook, Twitter, and Instagram has fundamentally changed focus in 2021. The good news for insurance is that the new AI has shifted the content users see back...

How Bajaj Allianz General Insurance leverages Artificial Intelligence in Operations

KV Dipu, Head -Operations and Customer Service, Bajaj Allianz General Insurance AI has helped Bajaj Allianz General Insurance to solve numerous issues, allowing to understand and cater to the needs of...

How Bajaj Allianz General Insurance Leverages RPA

KV Dipu, Head -Operations and Customer Service, Bajaj Allianz General Insurance 'Raftaar’, which means ‘speed’ in English, an RPA based bot launched for policy issuance has turned out to be a game changer....

Aon and Willis Towers Watson (WTW) Take Important Step Toward the Close of Proposed Combination with Agreement to Sell Set of WTW Assets to Gallagher

- Transaction is a key step on path to close proposed combination designed to accelerate innovation on behalf of clients  - Aon remains committed to $800 million of cost synergies and expects...

Arthur J. Gallagher & Co. Announces Agreement To Acquire Certain Willis Towers Watson plc Reinsurance, Specialty And Retail Brokerage Operations

ROLLING MEADOWS, Ill., May 12, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced an agreement to acquire certain Willis Towers Watson plc reinsurance, specialty...

Arthur J. Gallagher & Co. Announces Pricing of 9,000,000 Shares of Its Common Stock

ROLLING MEADOWS, Ill., May 12, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) ("Gallagher") today announced that it has priced an offering of 9,000,000 shares of its...
issue

Northern Ireland – Piggy in the Middle

Northern Ireland is a painful example of a lose – lose situation. Ever since the Good Friday Agreement political and social violence has been largely replaced by a simmering willingness of people with...

Hamilton Appoints Craig Howie as Group Chief Financial Officer

HAMILTON, Bermuda, May 18, 2021 – Hamilton Insurance Group, Ltd. (“Hamilton”; “the Company”) today announced the appointment of Craig Howie as Group Chief Financial Officer* effective 1...

Ransomware: Real Life Battle Bots

My husband and I watch a lot of robot movies, and we always start laughing when two giant robots stand up and start punching each other with their giant metal fists. It’s funny because a real robot war...

Huw Evans to stand down from ABI in December 2021

Huw Evans will move on from his role as Director General of the Association of British Insurers (ABI) at the end of the year. Huw will be joining KPMG as a Partner in its insurance and long-terms savings...

Price Forbes names Nicolas Bardon Executive Vice President Bermuda

May 19, 2021 – Price Forbes today announces the appointment of Nicolas Bardon as Executive Vice President, Bermuda.  Nic brings years of experience as a retro broker and industry loss warranty...

Specialist Risk Group announces William Nabarro as Chairman and appoints Julia Hayhoe and Vicky Kubitscheck as Non-Executive Directors

LONDON – 19 MAY 2021 – Fast-growing insurance intermediary, Specialist Risk Group (SRG), has today announced the appointment of a Chairman and two Non-Executive Directors (subject to appropriate regulatory...

Organizations failing to anticipate and model key emerging risks: Marsh report

NEW YORK   |   MAY 19, 2021 Effective risk resilience increasingly correlated to a firm’s viability, growth potential, and competitiveness Despite a broad consensus across large and...

Insurance Industry Veterans Launch New Fronting Carrier

CHICAGO, Illinois, June 2, 2021 – Concert Group Holdings, Inc. (“Concert”), a newly formed business dedicated to insurance fronting, today announced that it has secured agreement to raise additional...

Scott Sayce appointed Global Head of Cyber at Allianz Global Corporate & Specialty

Scott Sayce to join AGCS in September 2021 in a dual leadership role for AGCS’s cyber underwriting business and the Cyber Center of Competence for Allianz Group He succeeds Catharina Richter who will...

Neeren Chauhan to lead Zurich North America Strategy, Innovation & Business Development

Schaumburg, Ill,  June 3, 2021 – Neeren Chauhan has been named Head of Strategy, Innovation & Business Development for Zurich North America, effective June 7, 2021. Chauhan will report to...

Hiscox appoints new Global Head of Diversity and Inclusion

London, UK (26 May 2021) – Hiscox, the specialist global insurer, has appointed Erica Fletcher as its new Global Head of Diversity and Inclusion. Prior to joining Hiscox, Erica held a global...

Power of digital in facilitating collection in the backdrop of pandemic

Republished with the permission by Mr. KV Dipu, Head – Operations & Customer Service, Bajaj Allianz General Insurance Bajaj Allianz General Insurance leveraged the power of digital transformation...

Miller bolsters capital market expertise with hire of Erik Manning as Head of Insurance-Linked Securities (ILS)

London - 10 June 2021 – Miller, a leading independent specialist (re)insurance broker, today announces the appointment of Erik Manning as Head of ILS.  Manning is due to commence his role in...

The Hartford Names Adrien Robinson Head Of Global Specialty

ARTFORD, Conn.--(BUSINESS WIRE)-- The Hartford has named Adrien Robinson as head of Global Specialty, reporting to Doug Elliot, president of The Hartford. Robinson succeeds Vincent Tizzio, who...

U.S. Storm Damage Causes Multi-Billion-Dollar Economic Impact in May

Cyclone Yaas kills at least 19 people in India; over 325,000 homes damaged or destroyed CHICAGO, June 10, 2021 – Aon plc (NYSE: AON), a leading global professional services firm providing...

LemonEdge raises $2.5 million in mission to digitise complex accounting for the private equity and financial services industries

The round, led by Sidekick Partners, with participation from Lauren Iaslovits (co-founder of Investran and a pioneer of private capital market technologies) and Tikhon Bernstam (founder of Parse and Scribd),...

Aon Signs Agreements to Sell its U.S. Retirement Business to Aquiline and its Aon Retiree Health Exchange™ Business to Alight

-- Transactions provide further momentum on path to close proposed combination with Willis Towers Watson, which is designed to accelerate innovation on behalf of clients -- Aon confirms $800 million of...

Arthur J. Gallagher & Co. Acquires Excess Underwriting Company

OLLING MEADOWS, Ill., June 16, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Markham, Ontario-based Excess Underwriting Company. Terms...

Miller secures new hire as part of continued push to provide best in class service for financial institution clients

Miller has hired Farris Mellor to join its Credit and Political Risks Insurance (“CPRI”) team in London. Having worked for some of the world’s largest financial services companies, Farris brings with him...

Aon and Willis Towers Watson Issue Statement on U.S. Department of Justice Action

DUBLIN, June 16, 2021 /PRNewswire/ -- Aon plc (NYSE: AON) and Willis Towers Watson (NASDAQ: WLTW) shared the following statement today in response to the legal action taken by the U.S....

Illinois Civil Procedure Amendment Imposes 6% Prejudgment Interest in Personal Injury and Wrongful Death Actions

June 16, 2021 Hinshaw Alert On May 28, 2021, Illinois Governor J.B. Pritzker signed an amendment to the Illinois Code of Civil Procedure, 735 ILCS 5/2-1303, that applies a 6% prejudgment interest rate...

Aon and Willis Towers Watson merger will complement their business solutions and deliver better client services, says GlobalData

Following the news that the Justice Department in the US has filed an antitrust lawsuit that blocks insurance broker Aon’s proposed $35bn acquisition of Willis Towers Watson (WTW), which was announced...

Data Centre: A Seamless Synergy between Technology and Operations

Data center primarily holds the IT components and application delivery controllers. These components hold and manage critical business data and applications related to operational process Data Centre...
issue

Strategic Risk Solutions Announces Appointment of Maxime Schons as Expansion in Europe Continues

Concord, MA, June 22, 2021 - Strategic Risk Solutions (“SRS”; “the Company”), the world’s largest independent insurance company manager, announced today that Maxime Schons has been appointed to the position...

The Hartford Names Gretchen Thompson Head Of Construction, Inland Marine, Excess Solutions and Complex Liability Solutions For Middle And Large Commercial

HARTFORD, Conn.--(BUSINESS WIRE)-- The Hartford has named Gretchen Thompson as head of Construction, Inland Marine, Excess Solutions and Complex Liability Solutions within the company’s Middle...

Marsh appoints Alex Guerin as Head of Office in London

Marsh, the world’s leading insurance broker and risk advisor, today announced the appointment of Alex Guerin as Head of Office, London, for its UK Corporate business. Mr. Guerin will report to Andrew Wilton,...

Cyclone pool 'should be extended to all Australian perils'

June 28, 2021 – Queensland-based RACQ says the scope of the proposed cyclone reinsurance pool announced by the Federal Government should be extended to all major natural perils across the country. RACQ...

Howden announced as official partner of Ascot Racecourse

Ascot Racecourse today announces an exciting new five-year deal with Howden that will see the insurance broker become an Official Partner of the racecourse. Howden is already a well-known name in the...

Ryan Specialty Group Files Registration Statement with SEC for Proposed Initial Public Offering

June 21, 2021 | Chicago, IL – Ryan Specialty Group Holdings, Inc. (“Ryan Specialty Group Holdings”) today announced that it publicly filed a registration statement on Form S-1 with the U.S. Securities...
issue

Chaucer launches their new Belt & Road Consortium at Lloyd’s

June 24, 2021 – Chaucer, the specialty (re)insurance group, today announces the launch of their new Belt and Road Consortium at Lloyd’s. The Consortium will initially underwrite political violence risks,...

Industry veteran, Dennis Mahoney, to Chair AkinovA’s Bermuda neutral and regulated business

ONDON – 6 May 2021 – After joining AkinovA’s Advisory Board a few months ago, industry veteran, Dennis Mahoney, is to transition to Non-Executive Chairman of AkinovA’s wholly owned regulated Bermuda...

HRH The Prince of Wales launches new partnership with the global insurance industry to drive action to tackle climate change

Today HRH The Prince of Wales launched his Sustainable Markets Initiative (SMI) Insurance Task Force during a visit to Lloyd’s, the world’s leading insurance and reinsurance marketplace. The SMI Insurance...

Nevada lawmakers stand up to racism and classism that is behind every dog breed stereotype

By Regina Lizik, Communications and Fundraising Manager for Animal Farm Foundation (AFF), a nonprofit organization that brings dogs and people together to end discrimination Every year, thousands...

Companies aren’t stupid, they are just fighting today’s D&O threats with yesterday’s thinking and tools!

Companies aren’t stupid, they are just fighting today’s D&O threats with yesterday’s thinking and tools!  By Wallace P. Buran, President CrisisRisk Due Diligence™  This is part...

Chubb Survey Finds Consumer Behaviors Toward Cyber Security Remain Unchanged Despite Increasing Risk

WHITEHOUSE STATION, N.J., July 7, 2021 /PRNewswire/ -- A new study from Chubb finds that when it comes to cybersecurity, Americans' actions have not yet caught up to the increasing...

US businesses are increasingly prioritizing diversity, equity, and inclusion, but critical shortcomings remain: Marsh/RIMS report

New York, July 7, 2021 – US businesses continue to make significant strides in advancing diversity, equity, and inclusion (DE&I) throughout their organizations, but substantial shortcomings remain,...

The Hartford Names Tony Paschali Head Of Southeast Division Field Sales And Underwriting For Middle And Large Commercial

HARTFORD, Conn.--(BUSINESS WIRE)-- The Hartford has appointed Tony Paschali head of the Southeast Division for the company’s Middle and Large Commercial Insurance business. Paschali now leads...

European Commission Approval a Major Step for Pending Aon and Willis Towers Watson Combination

Download this Press Release (PDF) - Approval satisfies a significant condition for the completion of the proposed combination. - Demonstrates continued progress toward obtaining regulatory clearances...

How Bajaj Allianz General Insurance has benefited from adopting DevOps

Bajaj Allianz General Insurance has developed an Enterprise Platform, to lay foundation of the DevOps strategy. DevOps has benefited Bajaj Allianz General Insurance to effectively and quickly collaborate...

WTW Unloads Northern Ireland Portfolio

Global Risk Partners (GRP) has entered into an agreement with Willis Towers Watson (WTW) to acquire WTW’s commercial risk and broking business in Northern Ireland. On completion, the £57m gross written...
issue

Dennis Mahoney appointed as Bermuda Chairman

London,  21 July 2021  Oneglobal Broking (Oneglobal) is pleased to announce that Dennis Mahoney will join Oneglobal Bermuda as Chairman, with immediate effect. Dennis is a past President of...

Hippo Launches Homeowners Association Insurance Offer, Bringing Bespoke Protection to Entire Homeowner Communities

PALO ALTO, CALIF. (PRWEB) JULY 22, 2021 Hippo, the home insurance group that created a new standard of care and protection for homeowners, today announced its expansion into Commercial Insurance....

Aon and Willis Towers Watson Mutually Agree to Terminate Combination Agreement

DUBLIN, July 26, 2021 /PRNewswire/ -- Aon plc (NYSE: AON) and Willis Towers Watson (NASDAQ: WLTW) announced today that the firms have agreed to terminate their business combination...

Aon Establishes New Executive Committee to Lead the Firm Forward

- Announcement further accelerates Aon United strategy following decision to end combination efforts - Highly qualified leadership team will drive innovation on behalf of clients DUBLIN, July 28,...

Kennedys continues growth in the US

Kennedys continues to deepen its bench of offerings with the addition of partner Judith A Selby to its New York office. Kennedys continues to deepen its bench of offerings with the addition of partner...

CYBER: Fifth Circuit holds GL Carrier must defend data breach litigation

On July 21, 2021, in Landry’s Inc. v. The Insurance Company of the State of PA, the Fifth Circuit ruled that a carrier had a duty to defend its insured under Coverage B (personal and advertising injury)...

Hippo Gives Homebuyers Peace of Mind With Inspection Protection, a First-of-its-kind Protection Plan for New Homeowners

The new offering, used by major real estate firms, gives confidence and protection to homebuyers and can accelerate the selling process by up to three weeks   July 29, 2021 - Palo Alto, CA –  PALO...

Arthur J. Gallagher & Co. Acquires R.J. Riordan & Co.

ROLLING MEADOWS, Ill., July 30, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Oakbrook, IL-based R.J. Riordan & Co. Terms of the transaction were not...
issue

D&O Coverage Considerations Ahead of an IPO

An initial public offering (IPO) presents many financial benefits, but also materially changes a company’s risk profile.  The IPO process adds significant exposure to the personal assets of a company’s...

Aki Hussain to succeed Bronek Masojada as Group Chief

Hamilton, Bermuda (21 July 2021): Specialist global insurer Hiscox announces today that after 21 years as Group Chief Executive, Bronek Masojada has informed the Board of his intention to retire at...

Marsh collaborates with Amazon to support new online insurance network for sellers

New York, August 10, 2021 –  Marsh, the world’s leading insurance broker and risk advisor, today announced it has collaborated with Amazon to support its new digital insurance network, Amazon Insurance...

CRISIL partners with RiskBusiness to offer next-gen Governance, Risk and Compliance solutions

Mumbai, India, and London, England, August 10, 2021 -- CRISIL, an S&P Global company, and the world's largest and top-ranked provider of high-end risk, data analytics and research...

Relevance of Lean Six Sigma in the times of COVID-19

The lockdown to prevent the spread of COVID-19 was announced when Bajaj Allianz General Insurance was amidst a major lean six sigma driven re-engineering-cum-transformation program! Lean Six Sigma mainly...

The “Hidden Costs” of D&O risks are much higher than you think, far beyond insurance premiums, and some are not insurable

This is part two a five-part D&O series. Directors and Officers (D&O) risks and related costs are far beyond the costs of D&O insurance premiums and reimbursed legal defense and settlement...

Steadfast buys Coverforce after competitive process

Steadfast says its acquisition of Coverforce for $411.5 million follows a competitive process run by an investment bank that attracted strong interest. “Our information is that it was very well considered...

Steadfast profit boosted by brokers, agencies

Steadfast has reported a strong increase in earnings as its broking and agency businesses benefited from pricing conditions and acquisitions contributed to revenues. Net profit was $143 million compared...

Zurich North America names Kelly Kinzer Head of Construction Casualty

Insurance provider announces move as part of Construction business’ realignment into two segments, Property and Casualty, to simplify how it serves customers.  Aug. 16, 2021 SCHAUMBURG, Illinois...

Willis Towers Watson selects Carl Hess as President and Future CEO

ARLINGTON, VA, August 16, 2021 – Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, today announced that its board of directors has unanimously selected...
issue

Willis Towers Watson announces agreement to sell Willis Re to Gallagher

LONDON, 13 August, 2021 – Willis Towers Watson (NASDAQ:WLTW), a leading global advisory, broking and solutions company, today announced an agreement with Arthur J. Gallagher & Co (Gallagher) to...

Top tips for building a roadmap to success for start-ups

By Greg Murphy, Vice President of North America at INSTANDA America leads the world when it comes to start-ups but turning a new idea into a scalable business requires robust planning Motivated by...

CYBER: Another holding that a data breach forensics report is not privileged

By Judith A. Selby, Partner at Kennedys (New York) & Joshua Mooney, Partner at Kennedys (Philadelphia) Since last summer, several courts have issued decisions holding that a forensics report...

Howden begins major expansion in the Netherlands

August 23, 2021 - Howden, the international insurance broker, announced today that it will appoint Jeroen Everling as Chief Executive Officer Netherlands, Corporate. He will build a specialist team to...

Howden begins Italian journey with acquisition

July 29, 2021 - Howden, the international insurance broker, announced today a further step in the execution of its European strategy with the launch of Howden Italy and the agreement to acquire Italian...

RYAN SPECIALTY GROUP REPORTS SECOND QUARTER 2021 RESULTS

- Total Revenue grew 58.3% year-over-year to $390.0 million - - Organic Revenue Growth Rate of 28.5% year-over-year - - Net Income grew 27.1% year-over-year to $63.4 million - - Adjusted EBITDAC increased...

Aon Launches Virtual Reinsurance Renewal Season to Help Insurers Drive Relevant Solutions for Evolving Risks

LONDON, 7 September 2021 – Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, today launched its...

RIMS ANNOUNCES FULL-VACCINATION REQUIREMENT AT ALL SOCIETY EVENTS

Society Adopts Measure to Safely Host In-Person Gatherings  New York (September 21, 2021) – RIMS has implemented new guidelines that will require anyone who wishes to attend a RIMS...

Survey of Middle Market Companies Reveals Increasing Importance of Risk Management

Seventy-nine percent of middle market companies indicate that risk management is "extremely" or "very" important to their businesses WHITEHOUSE STATION, N.J., Sept. 21, 2021 /PRNewswire/ --...

New Campaign Takes on Breed Restrictions Used to Deny Housing Insurance

August 23, 2021 - Animal Farm Foundation (AFF) announced the launch of the Dogs, People, and Housing Insurance Project to end exclusionary dog breed restrictions in the housing insurance industry. These...

Arthur J. Gallagher & Co. Acquires Files Agribusiness, LLC

ROLLING MEADOWS, Ill., Sept. 21, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Bastrop, La.-based Files Agribusiness, LLC. Terms of the transaction were...

Risk Management lessons from Surfside for Commercial Real Estate Owners

The following is sourced from Arthur J. Gallagher and written by Caley LaRue, Senior Vice President. Office: Chicago, IL (312) 803-6294 What lessons can we learn and apply to...

Sasria registers over 95% of claims, as more pay-outs are made

Photo credit: Shutterstock/Gareth_Bargate JOHANNESBURG – Tuesday, 24 August 2021: Following last month’s unfortunate unrests in Gauteng and KwaZulu-Natal, the Sasria SOC Ltd (Sasria) has registered...

Aleksander Soriano Promoted to Account Manager at RT Specialty

Hamilton, New Jersey (September 22, 2021) – Aleksander Soriano has been promoted to account manager within the Environmental and Construction Professional (ECP) Practice of RT Specialty. Since...

Dustin Johnson & Sergio Garcia Win Inaugural Nicklaus-Jacklin Award Presented By Aon At The 43rd Ryder Cup

KOHLER, Wis. (Sept. 27, 2021) – Following the conclusion of the 43rd Ryder Cup at Whistling Straits, where the U.S. Ryder Cup Team won its second consecutive domestic Ryder Cup, 19-9, Dustin...

How can insurers personalize customer experience with the help of technology?

By KV Dipu, Head – Operations & Customer Service, Bajaj Allianz General Insurance In insurance, the entire value chain from pre-purchase & purchase and moving on to lifecycle management &...

A good offence is the best defense: Loss Prevention allows companies play offence against D&O risks!

By Wallace P. Buran, President CrisisRisk Due Diligence™ This is part four a five-part D&O series. Directors, Officers, Companies, and Insurers are in a very different and more demanding D&O...
issue

unisonSteadfast Indenpence Day Conference, Prague Interview

Following is an interview conducted with Wolfgang Mercier, CEO of unisonSteadfast in a free-wheeling exchange and a recap of an outstanding global conference held in Prague both in-person...

In a Softening Market, P&C insurers look to Social Media Data

By Marci De Vries, CEO of Fraud Sniffr, Inc 2021 saw premium rates flatten for the property & casualty market, causing carriers to look more closely at expense management, particularly in...

Jenna Koch Named Account Administrator at RT Environmental & Construction Professional

Hamilton, New Jersey (October 21, 2021) – Jenna Koch has joined the Environmental and Construction Professional (ECP) Practice of RT Specialty as an account administrator. She is responsible for helping...

Marsh to recognize clients with robust ESG frameworks

New initiative enables firms to receive preferred D&O coverage on ESG-related exposures    New York -- October 25, 2021 – Marsh, the world’s leading insurance broker and risk advisor,...

The Hartford Names Michael Garrison Head Of Navigators Wholesale

The Hartford has named Michael Garrison as head of Wholesale for Navigators, a brand of The Hartford. (Photo: Business Wire) HARTFORD, Conn.--(BUSINESS WIRE)-- The Hartford has named Michael...

David Pacifici of Berkley Construction Professional to Discuss Progressive Design-Build – the Solution for Unbalanced Risk Transfer? at IRMI Construction Risk Conference

Morristown, N.J. (October 19, 2021) – David Pacifici, a senior vice president at Berkley Construction Professional, a Berkley Company, will answer the question, is “Progressive Design-Build–the...

AIG Announces Senior Leadership Changes

Appointments Position AIG for Continued Success and Enhance Life & Retirement’s IPO Readiness Mark Lyons to Become Global Chief Actuary & Head of Portfolio Management, AIG Shane Fitzsimons to...

Lacrecia Cade, New President of Atlanta Life Insurance, Unveils 100-Day Plan

Cade aims to disrupt the traditional notions of insurance to inspire a new generation of financial security     Atlanta, GA., October 19, 2021 — Atlanta Life Insurance announced...

RIMS AND HONG KONG CONFEDERATION OF INSURANCE BROKERS PRESENT: THE SCIENCE OF RISK MANAGEMENT

Partnership to Deliver Globally Accepted Risk Strategies and Insight in Hong Kong New York (October 26, 2021) –, RIMS, the risk management society®, and the Hong Kong Confederation...

Hippo Appoints Chief Claims Officer to Bolster Claims Innovation

Former Hiscox and Homesite Insurance executive brings cutting-edge data & analytics expertise to further enhance the reliable, personalized claims experience Hippo provides its customers  Palo...

Global commercial insurance pricing up 15% in third quarter of 2021; cyber rates continue to rise on increased losses

New York, October, 26, 2021 – Global commercial insurance prices increased 15% in the third quarter of 2021, according to the Global Insurance Market Index released today by Marsh, the world’s...

The Hartford’s Small Commercial Digital Capabilities Rated Best In The Industry

HARTFORD, Conn.--(BUSINESS WIRE)-- For the third consecutive year, The Hartford has ranked No. 1 for digital capabilities in Keynova Group’s Small Commercial Insurance Scorecard. This competitive...

Modernization in insurance leads to the end of an era for monoliths

IT system monoliths were built with the best intentions, but as businesses look to the future, it might be time to say goodbye, and embrace the agility offered by no code.   INSTANDA believes...

LEMONADE CAR LAUNCHES!

Lemonade’s newest product features great prices for safe drivers, best-in-class service, and perks for environment-conscious customers NYC - Nov 3, 2021 – Lemonade, the insurance company powered by AI...

Arthur J. Gallagher & Co. Completes Acquisition of Willis Towers Watson plc Treaty Reinsurance Brokerage Operations

December 1, 2021 - Arthur J. Gallagher & Co. announced that it has completed the acquisition of substantially all of the treaty reinsurance brokerage operations from Willis Towers Watson plc. Together...

Turbulence after lift-off: global economic and insurance market outlook 2022/23

The world economy is making a strong cyclical recovery from the COVID-19 pandemic, but it is not a smooth one This sighma report can be downloaded here Our latest sigma research forecasts...

Hannah Green Wins The LPGA Tour Aon Risk Reward Challenge And $1 Million Prize

Equal prize received by PGA TOUR winner Matthew Wolff in August Season-long competition rewards both LPGA Tour and PGA TOUR player for better decision making NAPLES, Fla., Nov. 16, 2021 /PRNewswire  Opens...

RT Specialty Introduces Infrastructure Pollution Policy Form for Hard Infrastructure Projects

The policy was specifically designed to protect stakeholders from the catastrophic environmental risks commonly associated with hard infrastructure projects like roads, bridges, airports, rail and ports. RT...

Chubb Names Kevin Rampe Head of North America Claims

Bill Hazelton takes on newly created role focused on strategic initiatives for North America Chubb has named Kevin Rampe Head of Chubb North America Claims, succeeding Bill Hazelton,...

Chubb Appoints Peter Tucker National Distribution Leader Within North America Field Operations; Amy Feller to Assume Responsibility for New York Region

Chubb appointed Peter Tucker to a newly created position within its North America Field Operations, as Executive Vice President, National Distribution.  In this capacity, he will be responsible...

President Lacrecia Cade shares 5 life insurance resolutions that every American should make for 2022

I resolve to… 1. Stop thinking, “I’m not old enough to consider life insurance.” Every adult, at any age, can consider life insurance options. Young adults can start planning now, when they’re in their...

Specialist Risk Group Launches MGA

LONDON – 14 December 2021 – Specialist Risk Group (SRG) today announce the launch of MX Underwriting. Led by Lee Anderson, SRG Deputy CEO, and James Gerry, MX Chairman, MX targets being a £100M GWP business...

Concert Group Launches E&S Carrier

CHICAGO, Illinois, December 14, 2021 – Concert Group Holdings, Inc. (“Concert”), a newly formed business dedicated to insurance fronting, today announced that it has formed Concert Specialty Insurance...

Autonomous Semis – The Answer to Supply Chain Woes?

Supply chain issues have been a hot topic ever since Evergreen plugged up the Suez Canal and one of the biggest supply chain issues is the lack of truck/delivery drivers. This market pressure is speeding...

My Story – Chapter 1

As I write about my career in the insurance business, some of it will be uncomfortable because times have changed and what we did in the 1970s & 80s would be frowned upon today.  But we did what...

Trade disruption insurance and supply chain resiliency

By Oliver Lombard & Jamie Kearney, Miller Insurance (London) Aside from the clear pandemic-induced impact on global supply chains, the frequency and severity of so called “Black swan events”...
issue

To Reduce Privacy Risks: Educate Our Youth

Fabrice de Waal, who, as CEO of the DDW Group from Amsterdam, sees with his own eyes the risks 'we' run when there is little regard for safeguarding one’s personally identifiable information. His idea?...

RT ECP’s Annual Market Update Identifies Strategies for Overcoming Construction Industry Risks & Challenges

Hamilton, New Jersey (January 6, 2022) – RT Specialty’s Environmental and Construction Professional (RT ECP) Practice recently released its 2022 Market Update to help agents and brokers...

Neil Robertson Appointed Group CEO of Canopius

LONDON – 5th January 2022 – Canopius Group, a leading global specialty (re)insurer, today announces that Neil Robertson has been appointed as Group Chief Executive Officer. Neil joined Canopius...
issue

My Story – Chapter 2

This starter position in the Research & Planning (R&P) Department was marked with moments of anxiety and frustration – my ‘class’ included two other rookies who seemed to catch on faster – this...

SRS Appoints Peter Child as Chief Executive Officer of SRS Europe

Concord, MA, January 17th, 2022 – Strategic Risk Solutions (“SRS”; “the Company”), the world’s largest independent insurance company manager, today announced that Peter Child has been appointed as Chief...

Global Captive Management Celebrates Its 40-year Anniversary

Company continues to be a leader in captive insurance management Grand Cayman – January 13, 2022 – Global Captive Management Ltd. (GCM) is celebrating its 40th anniversary as a leader in overall...

Chubb Names Drew Spitzer Treasurer; Kevin Harkin Appointed Chief Financial Officer for North America Insurance

ZURICH, Jan. 14, 2022 /PRNewswire/ -- Chubb Limited (NYSE: CB) today announced that Drew Spitzer has been appointed Treasurer of the company.  Currently, Mr. Spitzer serves as...

VoIP Phone Systems for Insurance Professionals – The Definitive Guide

By Jim Gustke, vice president of marketing, Ooma Insurance Professionals today face numerous challenges. Missing calls from clients and the public shouldn’t be one of them. Many have switched...

Parametrix Insurance Appoints Rick Wong as Head of Insurance

Hiscox veteran to lead broker relations for parametric cloud downtime insurance provider NEW YORK, February 22, 2022— Parametrix Insurance, the provider of cloud downtime insurance, today announced it...

Alexandra (Lexie) Jackson Named Senior Account Manager at RT Specialty

Hamilton, New Jersey (February 22, 2022) – Alexandra (Lexie) Jackson has been promoted to senior account manager within RT Specialty’s Environmental and Construction Professional Practice (RT ECP)....

Survey Reveals Middle Market Companies Struggling to Navigate Supply Chain Disruption, Labor Shortage Among Other Business Challenges and Risks

Two-thirds (67%) of middle market firms say they are faring much or somewhat better than they were prior to COVID-19, but evolving exposures remain a concern WHITEHOUSE STATION, N.J., Feb. 23, 2022 /PRNewswire/...

Munich Re resolves share buy-back and significantly increases dividend

In the period between completion of the 2022 Annual General Meeting and the 2023 Annual General Meeting, Munich Re intends to buy back shares for a maximum value of €1bn. Subject to the approval of the...

Ryan Specialty Group Reports Fourth Quarter 2021 Results

- Total Revenue grew 15.8% period-over-period to $378.5 million - - Organic Revenue Growth Rate of 15.4% period-over-period - - Net Income of $29.6 million, or $0.09 per diluted share - - Adjusted...

RIMS ANNOUNCES ITS 2022 LEGISLATIVE PRIORITIES

NEW YORK (March 15, 2022) — Advocating for the risk management profession is an integral part ofRIMS, the risk management society®, mission. The Society’s External Affairs Committee...

Mobile Data in Court – The Final Defeat of Phone Encryption

A few years ago we saw headlines like “Apple refuses to unlock phone of domestic terrorist for FBI” but then in October, 2020 the news about encrypted phone access changed. The New York Times reported...

SCOR to postpone its Investor Day

In light of the geopolitical situation and the humanitarian and global impacts of the war in Ukraine, SCOR has decided to postpone its Investor...

FERMA statement on Russian invasion of Ukraine

The Federation of the European Risk Management Association (FERMA) strongly condemns the invasion by Russia of the independent country of Ukraine. Our support and sympathy are with the Ukrainian people. In...
issue

MARSH MCLENNAN TO EXIT RUSSIA BUSINESSES

NEW YORK, March 10, 2022 — Today, Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy, and people, announced it will exit all of its businesses...

UnisonSteadfast and Intersure Announce International Partnership Alliance

The strategic alliance provides high-quality global risk and insurance solutions.  (HAMBURG/DENVER – MARCH 17, 2022) UnisonSteadfast, headquartered in Hamburg, Germany, the largest network...

Swiss Re announces new appointments in Asia and North America

Zurich, 18 March 2022 – Swiss Re announces that Ivan Gonzalez has been appointed CEO Reinsurance China and China Country President with effect from 1 July 2022. He will relocate from New York to Beijing....

Zurich adds select agencies to its F&I distribution strategy

F&I Agency increases Zurich’s access to auto dealerships across the United States  Schaumburg, Ill., March 17, 2022 - Zurich North America is expanding its Finance and Insurance...

Beshar swears in as Department of the Air Force general counsel

WASHINGTON (AFNS) -- Peter J. Beshar was sworn in as the General Counsel of the Department of the Air Force during a Pentagon ceremony March 18, following his confirmation to the role by the U.S. Senate,...

MARSH MCLENNAN APPOINTS KATHERINE J. BRENNAN SENIOR VICE PRESIDENT AND GENERAL COUNSEL

NEW YORK, March 11, 2022 — Today, Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy, and people, announced the appointment of Katherine J. Brennan...
issue

Aircraft insurers brace for deluge of Russia claims

Shared by Alex Hodges from The Srait Times LONDON (BLOOMBERG) - Aircraft leasing firms working to retrieve planes from Russia are set to collide with an aviation-insurance industry bracing for an unprecedented...

Responding to events in Ukraine

Statement from Lloyd's "We’re shocked and saddened by what we’re seeing in Ukraine: an act of unashamed aggression that’s triggered a political, economic and humanitarian crisis across Europe. The damage...

Responding to misconduct in the Lloyd’s market

Today Lloyd’s issued a Notice of Censure in response to misconduct that took place at Atrium, a managing agent in the Lloyd’s market. The public censure details three charges, to which Atrium has admitted....

EIGHT UNIVERSITY TEAMS SELECTED FOR RISK MANAGEMENT COMPETITION AT RISKWORLD™

Spencer-RIMS Risk Management Challenge Tests Students’ Skills with Starbucks Case-Study  (NEW YORK) March 22, 2022 – Eight university risk management teams will compete in the 2022 Spencer-RIMS...

Zurich contributes to a fund created to address climate resilience and social inequities

Additional investors are being sought for the Resilient Community Impact Fund, which will initially support work in Boston and Houston. March 22, 2022 SCHAUMBURG, Ill. – A program designed...

Berkshire Hathaway to Acquire Alleghany Corporation for $848.02 Per Share in $11.6 Billion Transaction

All-cash transaction provides significant premium, delivering substantial and certain value for Alleghany stockholders Strong strategic fit between Berkshire Hathaway and Alleghany Alleghany and its...

Clyde & Co hires Partner in Madrid to strengthen global insurance group

Global law firm Clyde & Co has announced the hire of Susana Martínez as a Partner in Madrid to strengthen the firm’s global insurance group. Susana’s practice focuses on advice, coverage dispute and...

Arthur J. Gallagher & Co. Acquires Commercial Insurance Underwriters, Inc.

ROLLING MEADOWS, Ill., March 23, 2022 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Springfield, Missouri-based Commercial Insurance Underwriters, Inc....

The SEC Is Introducing Aggressive Cybersecurity Regulations in 2022: What You Need to Know

The Securities Exchange Commission (SEC) is prioritizing regulations aimed at reducing cyber security risks. Author:  John Farley, Arthur J. Gallagher In the first quarter, the SEC issued...

Vienna Insurance Group closes acquisition of Aegon companies in Hungary

VIG Group rises to number 1 in Hungary As of 23 March 2022, Vienna Insurance Group (VIG) acquires the business of the Dutch insurer Aegon in Hungary after having received the approval of the local Hungarian...

Acrisure Acquires Award-Winning International MGA Platform Volante Global

GRAND RAPIDS, MI (March 22, 2022) – Acrisure, a fast-growing fintech leader that operates a top-10 insurance broker, announced it is acquiring Volante Global, a multi-class, multi-territory international...

WTW adds cyber security expert in Brisbane

Shared by Alex Hodges from insurancenews.com.au WTW has appointed Rob Wiggan as Cyber Security Consultant within its Australasia Financial Lines team. Brisbane-based Mr Wiggan has more than 30 years’...

Industry heavyweights join Russia exodus

Shared by Alex Hodges from insurancenews.com.au Broker WTW will withdraw from all of its businesses in Russia, taking similar action as Marsh McLennan in responding to Moscow’s invasion of Ukraine,...

Role of Digital in ESG compliance

Shared by Alex Hodges with permission from the author KV Dipu & previosuly published Express Computer Companies are increasingly being called upon to file ESG data by regulators, investors and customers....

Russia and the Insurance Angle — Tapping Political Risk and Other Insurance Coverages

Shared by Alex Hodges from Lexology and written by McGuireWoods LLP - Anthony P. Tatum, Joseph M. Englert, Nicholas G. Hill and Simon Hems The Russian invasion...

Tobias Cushing joins Zurich NA as Head of Construction Casualty

Tobias ‘Toby’ Cushing will draw on wealth of experience to deliver for Zurich North America’s Construction Casualty customers. March 21, 2022 SCHAUMBURG, Illinois – Zurich North America Head of Construction...

Marsh launches ESG Risk Rating to measure companies’ ESG performance

Liberty Mutual Insurance to provide its clients with ESG-related risk advisory services     New York,  March 21, 2022 – Marsh, the world’s leading insurance broker and risk advisor,...

Aon President Eric Andersen Delivers Climate Keynote At Bermuda Risk Summit

Eric Andersen, president of Aon, delivered the keynote address at the Bermuda Business Development Agency’s (BDA)  inaugural Bermuda Risk Summit alongside CEOs from some of the world’s largest...

Aon’s Lori Goltermann Named The Katie School Hall Of Fame Laurate

Lori Goltermann, chief executive officer of Enterprise Clients at Aon, was recently named the 2022 Katie School Hall of Fame Laureate,  recognized as an outstanding role model and inspiration...

Miller, the independent specialist (re)insurance broker, is pleased to announce the acquisition of Henner Sports from the Henner Group

Founded in 2000, Henner Sports is a leading French (re)insurance broker specialising in the sports sector. Today, it has a multi-lingual team of 14 employees based in Paris. Henner Sports’ client base...

Ethisphere Announces the 2022 World’s Most Ethical Companies

The 16th annual report from Ethisphere, a company that defines and measures corporate ethical standards and promotes best practices in corporate ethics, includes Allstate and The Hartford as well as Gallagher...

Lloyd’s reports return to profit and a resilient capital position in 2021 results

  Lloyd’s, the world’s leading marketplace for commercial, corporate and specialty risk solutions, today announced a strong return to profitability in its 2021 full year financial results, with an...

Strategic Risk Solutions Announces Strong Results for 2021

    Concord, MA, March 22, 2022 – Strategic Risk Solutions (“SRS”; “the Company”), the world’s largest...

Bank of Russia lifts ban on certain insurer transactions

  Shared by Alex Hodges sourced from Lexology and written by CMS Russia  Note: The Russian office of CMS will continue as an indepedent law firm after CMS made the difficult decision to...

Aon Names Colin Forrest as Insurance Consulting Team Global CEO in Reinsurance Solutions

  LONDON, 23 March 2022 - Aon plc (NYSE: AON), a leading global professional services firm, today named Colin Forrest as its insurance consulting team’s global chief executive officer...
issue

ELITE RISK MANAGEMENT STUDENTS HEAD TO SAN FRANCISCO AS PART OF RIMS ANITA BENEDETTI STUDENT INVOLVEMENT PROGRAM

(NEW YORK) March 28, 2022 – RIMS, the risk management society®, presented 36 students with a 2022 Anita Benedetti Student Involvement Program grant. The program, sponsored by The Spencer...

UK and EU Impose Further Ukraine-Related Sanctions on Russia and Belarus

Sourced from Lexology and wriiten by Skadden Arps Slate Meagher & Flom LLP  Since the publication of our 9 March 2022 client alert, the US, UK and EU and other allied nations have imposed...

NCCI Annual Issues Symposium to Showcase the Latest Workers Compensation Insights From Leading Experts

Full Agenda here March 29, 2022 (BOCA, RATON, FL)—The National Council on Compensation Insurance (NCCI) will gather leading experts on workers compensation at its Annual Issues Symposium (AIS) from...

Jayden Johnson Named Consultant at RT Specialty

Hamilton, New Jersey (March 24, 2022) – Jayden Johnson has joined RT Specialty as a consultant within its Environmental and Construction Professional Practice (RT ECP). Based in Wisconsin, Jayden...
issue

AIG Announces Plan to Rebrand its Life & Retirement Business as Corebridge Financial

March 28, 2022 at 4:45 PM EDT NEW YORK--(BUSINESS WIRE)--Mar. 28, 2022-- American International Group, Inc. (NYSE: AIG) today announced that it plans to rebrand SAFG Retirement Services,...

Zurich removes Z symbol after letter used to show support for Russia

  Sourced from Business Insurance and shared by Alex Hodges Zurich Insurance has removed its Z logo from social media after the letter became a symbol of support in Russia for Moscow’s...

Key leadership changes announced at Zurich North America

  Paul Lavelle appointed Head of U.S. National Accounts as Paul Horgan transitions to Senior Advisor to the Zurich NA CEO; Keith Daly joins from Farmers Insurance as Zurich North America Chief Claims...

Lloyd’s partners with Schroders Solutions on new market investment platform

Lloyd’s, the world’s leading marketplace for commercial, corporate and speciality risk solutions, has today announced the appointment of Schroders Solutions as the investment partner of its new investment...

Miller expands European Cargo capabilities with investment in French team

Miller, the leading independent specialist (re)insurance broker, announces the expansion of its Cargo capabilities across Europe with the launch of a new French team. This investment signals Miller’s intention...

EIOPA alerts on upcoming publication of Russian rouble RFR term structure – end March 2022

EIOPA will publish Russian rouble RFR term structures for end-March 2022 based on the most recent and reliable information according to the RFR methodology. Furthermore, EIOPA is checking the evolution...

Charles Taylor Appoints Heather Burnham

Charles Taylor is pleased to announce that it has appointed Heather H. Burnham as Senior Vice President of Marketing and Business Development to further advance the company’s position as a leader...

Charles Taylor InsureTech launches InHub

Charles Taylor, the leading provider of claims solutions and technology to the global insurance market, launches ‘InHub’ to help the insurance value chain deliver better results. Learn more about InHub...
issue

Insured Losses From Japan’s March 2022 Earthquake Manageable

Fitch Ratings-Hong Kong/Tokyo – March 23, 2022 – Insured losses from the powerful 7.4 magnitude earthquake that struck north eastern Japan on 9 March 2022 are likely to be manageable, with a minor...
issue

Lloyd’s moves to cancel insurance cover of Russian firms hit by sanctions

Sourced from The Guardian - read article here Action comes as Lloyd’s of London returns to profit but warns Ukraine war will present ‘major claim’  Lloyd’s of London has said it is working with...

Ascend & Stere Announce Anchor Partnership To Mutually Modernize Insurance Infrastructure

The two insurtech companies are aiming to provide best-in-class digital experiences across the insurance chain New York, NY – March 30, 2022 – Today, modern insurtech infrastructure companies, Ascend and...
issue

Kelly Jackson Named Account Manager at RT Specialty

Hamilton, New Jersey (March 31, 2022) – Kelly Jackson has joined RT Specialty as an account manager within its Environmental and Construction Professional Practice (RT ECP). She will support...

How PDaaS is Disrupting the Property and Casualty Market

  Guy Attar, co-founder of GeoX, delves into how data will become a competitive advantage for forward-thinking insurers The Property and Casualty market has been growing at an unstoppable rate...

DUAL Appoints Nick Toth as Director of Underwriting

  Tamesis DUAL is pleased to announce the appointment of Nick Toth as Director of Underwriting. Toth will join the business in April 2022, reporting to Tony Lovett, Managing Director and Founder...

RISKWORLD COMMUNITY SERVICE PROJECT TO BRING HOPE AND AID TO HOMELESS FAMILIES IN SAN FRANCISCO

Risk Management Executives to Assemble Kits for the Hamilton Families Charity NEW YORK (March 31, 2022) — Risk professionals from around the world will participate in the 14th annual RIMS Community...

Chubb Expands North America Leadership Team with New Appointments in Small Commercial and Lower Middle Market Segments

WHITEHOUSE STATION, N.J., March 10, 2022 /PRNewswire/ -- Chubb has expanded its commercial leadership team with the appointment of Ketan Vaidya as Division President of North America...

Crawford & Company expands Netherlands network with purchase of the business of R.P. Van Dijk B.V.

LONDON (1 April, 2022): Crawford & Company® (NYSE: CRD-A and CRD-B), the world’s largest publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers...

Arthur J. Gallagher & Co. Acquires Claims Settlement Agencies Ltd

ROLLING MEADOWS, Ill., April 4, 2022 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its risk management services subsidiary, Gallagher Bassett International Ltd (GB), has acquired...

Inigo issues inaugural catastrophe bond

(London, April 4, 2022): Inigo Limited (“Inigo”) has entered the catastrophe bond market for the first time, less than 18 months after the firm began writing its portfolio of specialty insurance and reinsurance....

Ireland rolls out the welcome mat

Ireland sees itself as the gateway to Europe for a wide range of businesses, with insurance one of the key sectors the Irish government wants to welcome. Brexit has benefitted Ireland but it has had...

Aon and BNY Mellon Announce a Multi-Faceted Strategic Data and Digital Alliance

CHICAGO and NEW YORK, April 14, 2022 /PRNewswire/ -- Aon plc and The Bank of New York Mellon Corporation today announced a multi-faceted data and digital collaboration that...

RIMS ANNOUNCES GARY LABRANCHE AS NEW CEO

Proven Association Management Leader Brings Wealth of Innovative and Strategic Insight to Drive RIMS Continued Success NEW YORK (April 19, 2022) – RIMS, the risk management society®,...

Aaron J. Roland Named Account Manager at RT Specialty

Hamilton, New Jersey (April 19, 2022) – Aaron J. Roland has joined RT Specialty as an account manager within its Environmental and Construction Professional Practice (RT ECP). He is responsible...

New Orleans joins innovative program to address climate resilience and social inequities

The multi-year, multi-city program aims to develop holistic, ground-level solutions to climate risk and resilience building in vulnerable communities in North America. April 19, 2022 – NEW ORLEANS –...

A decade after legalization, Pinnacol hashes out workplace risks for Colorado cannabis industry; shares tips for keeping workers safe

Despite 4/20 rush, April is safest month for cannabis workers DENVER — April 19, 2022— Ten years after Colorado legalized recreational cannabis and 22 years after medical cannabis legalization, Colorado’s...

RT Specialty Announces Senior Management Promotions

Hamilton, New Jersey (April 26, 2022) – RT Specialty’s Environmental and Construction Professional Practice (RT ECP) has announced several promotions within its senior management team. In recent...

Ryan Specialty and Nationwide Build Upon Joint Venture Relationship

APRIL 25, 2022, CHICAGO, IL – Ryan Specialty (NYSE: RYAN) is pleased to announce a new strategic arrangement with US-based Nationwide to support innovation and address needs in the specialty insurance...

Introducing Ryan Specialty's New Logo

We are excited to share that Ryan Specialty is introducing a new logo!  Our firm has been built on seven foundational principles: integrity, client-centricity, teamwork,...

Ryan Specialty Hires Brian Tyluki as EVP of PERse

APRIL 26, 2022 | CHICAGO, IL — Ryan Specialty (NYSE: RYAN) (“Ryan Specialty”) announced Brian Tyluki has joined PERse (Power.Energy.Risk), the firm’s renewable energy managing general underwriter,...

Chubb Reports First Quarter: sets all sorts of records

Net income was $1.97 billion versus $2.30 billion prior year and core operating income was $1.64 billion versus $1.14 billion prior year. Consolidated net premiums...

Arthur J. Gallagher & Co. Acquires Lighthouse Insurance Group, LLC

Ed. This acquistion follows 4 other acquisitions in April; a similar number in Feb. AJG continues to aggregate brokerages. May 2, 2022 – Arthur J. Gallagher & Co. today announced the acquisition...

Insurance Industry Honors Diversity, Equity and Inclusion Leaders

Washington—Companies and individuals who are leading efforts to advance diversity, equity, and inclusion in the insurance industry were honored at the DEI*: Expanding Opportunity in Insurance conference...
issue

Aon and Paypal to Expand Access to Insurance for Small Businesses

− Unique and simplified digital experience will enable PayPal's small business customers in the U.S. to explore and obtain their insurance in the same ecosystem they use to manage their payments CHICAGO, May...

Net Zero opportunity big enough to double size of London insurance market, says LIIBA

2 May 2022, LONDON – Ministers and members of the UK’s Parliament heard last week that the value of the opportunity provided by the global transition to Net Zero was potentially large enough to double...

The global value of counterfeit goods represents 3.3% of Global Trade

The global counterfeit products market is worth 3.3% of the worldwide trade value. Several factors, including technological advancements, are behind the rise in the vice. Statistics show that China...

Michael Chang to join WTW as Head of Corporate Risk and Broking North America

ARLINGTON, Va., April 27, 2022 (GLOBE NEWSWIRE) -- WTW (Willis Towers Watson, NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced that Michael Chang will be joining...

Aon Reports First Quarter 2022 Results

First Quarter Key Metrics Total revenue increased 4% to $3.7 billion, including organic revenue growth of 8% Operating margin increased 190 basis points to 37.2%, and operating margin, adjusted for...

AFSA joins IAIS cooperation and information exchange agreement

The Albanian Financial Supervisory Authority (AFSA) has become a member of the International Association of Insurance Supervisors (IAIS) Multilateral Memorandum of Understanding (MMoU) – an international...
issue

Zurich North America Construction and Energy teams add sustainability roles

Alicia Pavelko rejoins Zurich as U.S. Head of Construction Innovation and Sustainability; Molly Dorsett returns as Head of U.S. Energy Casualty Renewables. Zurich also adds a Lead Underwriter of U.S. Renewable...

Chubb Introduces Next Generation Suite of Financial Institution Bonds

WHITEHOUSE STATION, N.J., May 3, 2022 /PRNewswire/ -- Chubb has introduced five new fidelity bonds to modernize its product suite of Financial Institution Bonds that began with...

Updated data shows 2022 flood was Australia’s costliest

May 3, 2022 – The Insurance Council of Australia (ICA) today provided updated data on the storms and floods that impacted South-East Queensland and coastal New South Wales in February and March, showing...

WTW strengthens broker relations team with three senior appointments in North America

ARLINGTON, May 2, 2022 — WTW (Willis Towers Watson, Nasdaq: WTW), a leading global advisory, broking and solutions company, today announced three major appointments: Joe LaRocco has been appointed...

Liberty Mutual Insurance Creates New Global Executive Leadership Positions

New Liberty Mutual Insurance Global Risk Solutions executive appointments include (L-R) Matthew Moore, President of Underwriting; Susanne Figueredo Cook, Chief Operating Officer; and Phil Hobbs, President,...

Incredibly, over 180 insurer groups were underwriting cyber risks by the end of 2021

Globally, over 180 insurer groups were underwriting cyber risks by the end of 2021 worldwide GDPW amounted to around USD 8.6 billion with the top 20 groups in the sector accounting for almost 77% of...

GRP’s County Group in third deal of the year with acquisition of Marsh and Co.

County Group (part of Global Risk Partners - GRP)  has continued to ramp up its deal flow during 2022 following the announcement that it is acquiring the business and assets of Marsh & Co (Marsh),...

Ryan Specialty Q1 Total Revenue Up 24.2%

Total Revenue grew 24.2% year-over-year to $386.9 million - Organic Revenue Growth Rate of 20.1% year-over-year - Net Income of $18.1 million, or $0.06 per diluted share - Adjusted EBITDAC grew 13.6%...

Daniela Compton Promoted to Senior Account Manager at RT Specialty

Hamilton, New Jersey (May 19, 2022) – Daniela Compton has been promoted to senior account manager within RT Specialty’s Environmental and Construction Professional Practice (RT ECP). Since...

PWC PARTNER WITH DUE DILIGENCE TECH STARTUP NEOTAS TO COMBAT FINANCIAL CRIME

Global professional services giant PwC will combat the rise in financial crime and third party risk by partnering with cutting-edge due diligence startup Neotas. The partnership, which is already underway,...

Deep Dive: Insurance Premium Tax in Belgium

By Rahul Lawlor, SOVOS. Rahul is a Senior Compliance Representative, responsible for delivery of indirect tax compliance services for a portfolio of global insurers. He joined Sovos in 2016 after...

Insurance Premium Tax in Croatia

By Kateryna Binkowska, SOVOS. Kateryna Binkowska joined Sovos as a Compliance Services Representative in 2019. She has a Bachelor Degree in Economics and Management from the National Economic...

Seaglass Insurance Group expands its Risk Management team

Seaglass Insurance Group (Seaglass), the new Managing General Agent domiciled in Florida is pleased to announce the appointment of Esther Murray as Risk Management Consultant. This appointment is effective...

Geneva Association General Assembly appoints 4 new Board members

Following The Geneva Association’s 2022 General Assembly last week, the organisation announces two key developments:  The election of four new members to its Board of Directors: Lard...

Global Insurance Broking: Insuramore

- Worldwide, total fees and commissions earned from insurance broking activity in 2021 were worth around USD 137.6 billion - buoyed by underlying growth in premium rates and a further shift to digital...
issue

Cyber Security Posture of Legal Sector Threatened

Out of 40 practices investigated, ‘75% reported having been the victims of a cyber-attack’ and for ‘23 of those that were directly targeted, over £4m of client money was stolen’. What makes this worse...

Colorado State University: 2022 Atlantic Hurricane Season Forecast

Overview Colorado State University (CSU) has issued its June forecast...

RIMS Announces 80th Chapter: RIMS Bluegrass Chapter (Louisville, KY)

 RIMS, the risk management society®, has announced the addition of its 80th chapter in Louisville, Kentucky. RIMS Board of Directors reviewed the formal application, submitted by local...

Justin Kochmer Promoted to Account Manager at RT Specialty

Justin Kochmer has been promoted to account manager in the Environmental and Construction Professional (ECP) Practice of RT Specialty. For nearly two years, Kochmer has successfully assisted the new business,...

Chubb Appoints Cheryl Krauss Senior Vice President, Chubb Group and Chief Communications Officer

ZURICH, June 1, 2022 /PRNewswire/ -- Chubb Limited (NYSE: CB) today announced that Cheryl Krauss has been appointed Senior Vice President, Chubb Group and Chief Communications...
issue

WEFOX APPOINTS FORMER KLARNA CHIEF RISK OFFICER TO BOARD

wefox, the Berlin-based digital insurance company, has appointed Hanna Jacobsson to the Board. Jacobsson will serve as a Non-Executive Director with immediate effect.   Julian Teicke, ceo and...
issue

UK: Prepare for Protect Duty

Following a series of terror attacks in public spaces, including those at Manchester Arena and London Bridge, the government plans to introduce new legislation, the Protect Duty, to improve safety and...

Result oriented strategy for conducting reviews

Having seen many reviews over the years, a handy compendium of principles, gleaned from practice, has morphed into our strategy for conducting these reviews Function reviews are integral components...
issue

RIMS EXECUTIVE REPORT: GETTING STARTED ON CYBERSECURITY

 A Guide for Small- and Medium-Sized Businesses to Identify and Prepare for Digital Threats  NEW YORK (June 15, 2022) — Due to limited resources and security infrastructures, cybercriminals...

James Hands to Succeed Greg Collins as Miller CEO

Miller, the leading independent specialist (re)insurance broker, is pleased to announce that James Hands will succeed Greg Collins as CEO of Miller. Greg will move to become Chair of the Partnership Board,...

AnaCap backed MRH Trowe announces 3 additional bolt-on acquisitions

Acceleration of buy-and-build strategy with 15 add-on acquisitions signed or closed in last 1.5 years Latest set of acquisitions strengthens the group’s regional coverage in Germany, expanding...

Chubb Life Appoints Jack Chang to Lead Newly Acquired Life Insurance Operations of Cigna in Taiwan

HONG KONG, July 3, 2022 /PRNewswire/ -- Chubb Life today announced that Jack Chang has been appointed President of the company's life insurance operations in Taiwan that were...

Arthur J. Gallagher & Co. Acquires Surety Associates of Southern California Insurance Services

ROLLING MEADOWS, Ill., July 5, 2022 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of La Mesa, Calif.-based Wrightman, Inc., doing business as Surety Associates...

AIG Names Charlie Fry Executive Vice President, Reinsurance Purchasing and Risk Capital Optimization

NEW YORK--(BUSINESS WIRE)--Jul. 25, 2022-- American International Group, Inc. (NYSE: AIG) today announced that Charlie Fry has been named Executive Vice President, Reinsurance Purchasing...

Ryan Specialty Hires Bradley Bodell as Chief Information Officer

Ryan Specialty Holdings, Inc. (NYSE: RYAN) (“Ryan Specialty”) is pleased to announce that Bradley Bodell, insurance information technology veteran, has joined the firm as Chief Information Officer. In...

WCIRB Hires Andrea Coleman as EVP and COO

The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) has named Andrea Coleman as executive vice president and chief operating officer. "We are delighted to have Andrea join the WCIRB....

RT Specialty’s Book of Business Reveals Environmental and Pollution-related Claims Trends

Hamilton, New Jersey – The Environmental and Construction Professional Practice (RT ECP) of RT Specialty recently surveyed its book of business for several of its environmental and pollution-related...

Michael Blackshear Named One of 2022's Most Influential Black Executives in Corporate America

Ryan Specialty is pleased to share that Ryan Specialty Chief Compliance and Privacy Officer Michael Blackshear has been named one of 2022's Most Influential Black Executives in Corporate America by Savoy...

Arthur J. Gallagher & Co. Acquires Four Corners Group Inc.

Arthur J. Gallagher & Co. announced the acquisition of Toronto-based Four Corners Group Inc. Terms of the transaction were not disclosed. Founded in 2007, Four Corners Group is a leading Canadian...

Arthur J. Gallagher & Co. Acquires Denver Agency

ROLLING MEADOWS, Ill., Aug. 8, 2022 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Denver, Colorado-based Denver Agency. Terms of the transaction were not...
issue

Gallagher Report Reveals That U.S. Employers Are Offering Flexible Benefits to Capture the Interest of a Diverse Workforce

Versatile medical and voluntary benefits, in addition to compensation, are helping employers retain and attract talent ROLLING MEADOWS, Ill., Aug. 2, 2022 /PRNewswire/ -- With nearly half...

FM Global allocates US$300 million, first-of-its-kind ‘resilience credit’ to help policyholders proactively invest in climate resilience

JOHNSTON, R.I., USA—Policyholders of FM Global, which include one of every three Fortune 500 companies and similar size organizations worldwide, will collectively receive approximately US$300 million in...

Marsh has tools to help businesses evaluate ESG

Marsh Asia’s Graeme Riddell, Climate and Sustainability Leader, joins The Afternoon Update with Rachel Kelly radio program in Singapore to discuss the growing need for environmental, social,...

Hiscox CEO says insurer is committed to Ukrainian grain coverage consortium

Hiscox’s CEO Aki Hussain has said that the insurer is committed to a planned insurance consortium that will provide cover for ships travelling through a safe passage from Ukraine, Speaking on Wednesday...

Fire breaks out on new Russian oceanic reefer trawler

Source: Insurance Marine News. The image shown is a Russian trawler but not the one associated with this story. A fire broke out aboard near-completion factory trawler Mekhanik Maslak (IMO...

AIG Reports Second Quarter 2022 Results

August 8, 2022 at 4:16 PM EDT General Insurance combined ratio of 87.4% improved by 5.1 points from the prior year quarter and was the first sub-90% combined ratio in over fifteen years General...

Scottie Scheffler Wins the Aon Risk Reward Challenge and $1 Million Prize

Season-long competition rewards players who make better decisions on the most strategically challenging holes on the PGA TOUR and LPGA Tour  LPGA Tour winner will claim an equal $1 million prize...

Fraudsters Shift Focus to Insurance Industry During First Half of 2022

TransUnion releases quarterly global and U.S. fraud analysis Chicago, Aug. 10, 2022 – For the second consecutive quarter, the rate of suspected global digital fraud attempts in the insurance...

How Those with Disabilities Can Use Technology to Advance Their Careers

Many adults live with a disability that impacts major life activities. One activity that is commonly affected by disabilities is finding and maintaining a job. Fortunately, technology offers a broad variety...

The Hartford Launches New Property Choice® And Enhanced General Liability Choice® Product Offerings

Enhanced coverage provides greater flexibility and a customizable approach to commercial risk HARTFORD, Conn.--(BUSINESS WIRE)-- The Hartford is launching enhanced versions of its proprietary...

Ryan Specialty Appoints New Senior Leadership Roles within Ryan Specialty Underwriting Managers

August 15, 2022 | CHICAGO, IL – Ryan Specialty (NYSE: RYAN) is pleased to announce the appointment of three outstanding individuals within the Underwriting Managers specialty, effective immediately....

Ryan Specialty Appoints Michael Blackshear as Head of Diversity, Equity and Inclusion

AUGUST 4, 2022 | CHICAGO, IL – Ryan Specialty is pleased to announce that Michael Blackshear, Chief Compliance & Privacy Officer, will assume additional responsibilities as the Head of Diversity,...

Doug Kovach Joins Concert Group®

CHICAGO, Illinois, August 16, 2022 – Concert Group Holdings, Inc. (“Concert”), the parent of insurance fronting subsidiaries Concert Insurance Company® (“Concert Insurance”) and Concert Specialty...

RT Specialty Reviews OPPI Book of Business to Determine Industry Limit of Liability Benchmarks

RT Specialty’s Environmental and Construction Professional Practice (RT ECP) recently surveyed the book of business for its Owner’s Protective Professional Indemnity (OPPI) policies. The review found...

The Hartford Appoints Edmund Reese To Its Board Of Directors

HARTFORD, Conn.--(BUSINESS WIRE)-- The Hartford today announced the appointment of Edmund Reese to the company’s board of directors, effective Oct. 17, 2022. He will serve on the board’s Finance,...

Ryan Specialty Appoints Bill Evans and Chris Kelleher Co-Presidents of National Specialty Programs Practice

AUGUST 16, 2022 | CHICAGO, IL – Ryan Specialty (NYSE: RYAN) is pleased to recognize Bill Evans and Chris Kelleher as Co-Presidents of the National Specialty Programs (NSP) practice. NSP is the Ryan...

AIG Announces Alan Colberg and Trish Walsh Appointed to Corebridge Financial Board of Directors, Effective September 1st

NEW YORK--(BUSINESS WIRE)--Aug. 16, 2022-- American International Group, Inc. (NYSE: AIG) today announced that Alan Colberg, retired Chief Executive Officer, Assurant, Inc., and Trish...

Steadfast to acquire Insurance Brands Australia

Steadfast Group has entered into an agreement to acquire Insurance Brands Australia (IBA) for $301 million, the company said today. IBA is one of Australia’s largest privately owned insurance distribution...

Why battery producers need to be experts in recycling

Source: Marsh UK Because of the growth in demand for electric vehicles, lithium-ion batteries (LIBs) are experiencing a steep demand that is expected to rise to three to four million metric tons...

WTW boosts its Ecosystem Resilience practice with appointment of former US climate finance negotiator

LONDON, August 11, 2022 — WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, has appointed Sarah Conway as Head of its award-winning Ecosystem Resilience practice and Director...

Aon Collaborates With The University Of California System To Enhance Wildfire Modeling By Leveraging The Latest Climate Science

CHICAGO, Aug. 10, 2022 - Aon plc (NYSE: AON), a leading global professional services firm, today announced a new collaboration between its Impact Forecasting team, the University...

U.S. Employer Health Care Costs Projected to Increase 6.5 Percent Next Year

CHICAGO, Aug. 18, 2022/PRNewswire/ -- Average costs for U.S. employers that pay for their employees' health care will increase 6.5 percent to more than $13,800 per employee in 2023, according...

Lloyd's: State backed cyber-attack exclusions

Source: Lloyd's > Read more of this > here Lloyd’s has told its syndicates that they must add cyber policy clauses that exclude state-backed cyberattacks linked to both physical and non-physical...

Lloyd’s syndicates’ 2020 and 2021 year of account projections

For distribution purposes Lloyd's operates a three year accounting system. The link below takes you to the latest syndicate forecasts on a year of account basis. Syndicate forecast information is provided...

Carol Frey Joins Concert Group®

CHICAGO, Illinois, August 18, 2022 – Concert Group Holdings, Inc. (“Concert”), the parent of insurance fronting subsidiaries Concert Insurance Company® (“Concert Insurance”) and Concert Specialty...

Liberty Mutual Insurance Appoints Leaders to Two Important New Roles in Global Risk Solutions

Crystal Ottaviano Named Global Risk Solutions Chief Risk Officer and Chantal Rodriguez Appointed Liberty Mutual Reinsurance Chief Underwriting Officer  BOSTON (Aug. 16, 2022) – Liberty Mutual Insurance...

Black Talon Security Announces Top 10 Tips for Insurance Companies to Prevent Cyberattacks

Black Talon Security, a leading NY-based national cybersecurity firm, has announced its Top 10 tips insurance companies or agencies should follow to keep data secure and protect...

Industry Leader Fred Browning Joins Accretive as Chief Underwriting Officer

Accretive Insurance Solutions, a national collection of leading independent, niche-focused specialty and wholesale insurance providers...

RT Specialty’s Book of Business Provides Inside Look into CPrL Policy Purchase Benchmarks

RT Specialty’s Environmental and Construction Professional Practice (RT ECP) recently analyzed its Contractor’s Professional Liability (CPrL) book of business during 2020-2021 to determine the limits...

Aon And Jupiter Collaborate To Address Climate Volatility For Global Financial Institutions

Aon, a leading global professional services firm, has announced a collaboration with Jupiter  , a leading provider of predictive data and analytics for climate risk management and resilience,...

Insurtech Finlex joins the global UnisonSteadfast network

Hamburg/Frankfurt a. M., September 1, 2022 Finlex, an innovative platform provider for insurers and insurance brokers, has joined UnisonSteadfast, the largest international network of independent insurance...

unisonSteadfast: FERMA European Risk Forum

The team of UnisonSteadfast AG is planning to be in attendance at this year's FERMA hosted in Copenhagen (Denmark) from October 9 through October 11, 2022.   Wolfgang Mercier,...

Ryan Specialty Hires Enterprise Risk Management Executive, Waleed K. Husain, as Chief Risk Officer

Ryan Specialty Holdings, Inc. (NYSE: RYAN) (“Ryan Specialty”) is pleased to announce that Waleed K. Husain has joined the firm as its first Chief Risk Officer. Waleed specializes in identifying, analyzing...

Alex Ilgner Promoted to Account Manager at RT Specialty

Hamilton, New Jersey (September 29, 2022) – Alex Ilgner has been promoted to account manager in RT Specialty’s Environmental and Construction Professional Practice (RT ECP). Since joining the company...

Chubb Appoints Darryl Page Chief Culture Officer

Global Insurance Industry Leader with Deep Roots in Chubb's Culture Returns to the Company  ZURICH, Nov. 9, 2022 /PRNewswire/ -- Chubb Limited (NYSE: CB) today announced Darryl Page has...

ABI’s cross-industry campaign Securing Futures launches at Westminster

Campaign launched at parliamentary reception   ·       Westminster station advertising campaign amplifying role of insurance and long-term savings to run this...

Ryan Specialty Hires Tim Anders as EVP of National Specialty Programs

Ryan Specialty (NYSE: RYAN) is pleased to announce that Tim Anders has joined the Underwriting Managers’ National Specialty Programs (“NSP”) practice as an Executive Vice President. Tim’s charge is to...

The Map Expands - SRS Office Opens in France

Strategic Risk Solutions (“SRS”; “the Company”), the world’s largest independent insurance company manager, today announced their latest expansion in Europe –...

Jennifer Santiago, Director, Risk Management & Safety at Wakefern Food Corp. has been named as the Society’s 2023 President

Society Introduces 2023 Officers & Board of Directors  NEW YORK (January 3, 2023) — RIMS, the risk management society®, today announced that Jennifer Santiago will lead the...

Lloyd's welcomes Richard Dudley as Council Member

Richard Dudley has been elected as a Working Member of the Lloyd’s Council. Richard replaces Dominic Christian, who will be stepping down on 31 January 2023 after 9 years of dedicated contribution to...

Arthur J. Gallagher & Co. Acquires CBS Insurance, LLP

Arthur J. Gallagher & Co. today announced the acquisition of Abilene, Texas-based CBS Insurance, LLP. Terms of the transaction were not disclosed. Founded in 1992, CBS Insurance is a retail insurance...

Ryan Specialty Completes Acquisition of Griffin Underwriting Services

Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, is pleased to announce that it completed the acquisition of certain assets of Griffin Underwriting Services (“Griffin”), a...

Ryan Specialty Hires Carlos Herrera as Vice President of Diversity, Equity & Inclusion

Ryan Specialty (NYSE: RYAN) is pleased to announce that Carlos Herrera has joined the Diversity, Equity & Inclusion (DEI) team as Vice President and will be supporting Ryan Specialty’s ongoing efforts...

Tysers Insurance Brokers appoints Andrew Kendrick as Chair

Tysers Insurance Brokers is delighted to announce the appointment of Andrew Kendrick as Non-Executive Chair. The appointment is effective 1 December 2022, and subject to regulatory approval. Peter Haynes...

Chubb Appoints Lyndsey Christofer Real Estate & Hospitality Industry Practice Leader

Chubb has named Lyndsey Christofer Real Estate & Hospitality (REH) Industry Practice Leader, overseeing the strategic direction of the practice and leading Chubb's REH-dedicated underwriting, risk...

Chubb Bolsters Leadership and Advances Digital Strategy in North America Financial Lines Division

Chubb has promoted four executives in its North America Financial Lines Division to further elevate its underwriting and service excellence and enhance the digital experience for customers and brokers....

Chubb Names Teresa Black Executive Vice President, Chief Operating Officer, North America Surety

hubb has appointed Teresa Black Executive Vice President, Chief Operating Officer of North America Surety. In this new role, Ms. Black will have responsibility for the underwriting, strategy...

Arthur J. Gallagher & Co. Increases Cash Dividend to $0.55 per Share

ROLLING MEADOWS, Ill., Jan. 25, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) announced that its Board of Directors declared a fifty five cents ($0.55) per share quarterly cash...

New Chubb and National Center for the Middle Market Survey Finds Middle Market Economic Confidence Rebounds from 2022 Mid-Year, but Still Trailing 2021 Historical Averages

WHITEHOUSE STATION, N.J., Jan. 25, 2023 /PRNewswire/ -- New data  released from Chubb and the National Center for the Middle Market (NCMM), reveals a rebound in middle market economic...

Zurich North America announces new LPGA and PGA TOUR Golf Ambassadors

Albane Valenzuela and Sahith Theegala join Billy Horschel and Collin Morikawa as Zurich Golf Ambassadors.  SCHAUMBURG, Ill., Jan. 23, 2023 – Zurich North America, title sponsor of the PGA TOUR’s Zurich...

The Global Risks Report 2023: Cost-of-living crisis and climate concerns raise tensions

The World Economic Forum’s 18th annual report highlights the challenges of addressing immediate and long-term risk. Conflict and geo-economic tensions have triggered a series of deeply interconnected...

Aon: Political Risk Maps

Click here to read the latest Aon Political Risk Maps Quarterly Newsletter.   This quarter it has become ever more...

Zurich U.S. National Accounts names broker, casualty leaders

Brian Winters moves to Head of Broker Execution role; Bill Chepulis succeeds Winters as Head of Large Casualty. Two familiar names in Zurich North America’s U.S. National Accounts business are taking...

Socius Insurance Services, Inc. Acquires Kelly Underwriting Services, LLC

San Francisco, CA – January 18th, 2023 Socius Insurance Services, Inc. (“Socius”), a leading provider of wholesale insurance solutions, with a specialized focus on management, professional and cyber liability...

AIG Announces Leadership Changes

NEW YORK--(BUSINESS WIRE)--Jan. 30, 2023-- American International Group (NYSE: AIG) today announced that it terminated Mark Lyons from his position as AIG’s Interim Chief Financial...

NAIC: INSURANCE FRAUD

Issue: Insurance fraud occurs when an insurance company, agent, adjuster or consumer commits a deliberate deception in order to obtain an illegitimate gain. It can occur during the process of buying,...

NAIC Names Its 2023 Committee Leadership

The National Association of Insurance Commissioners (NAIC) has named its 2023 committee chairs and vice chairs. The NAIC also assigned members to its standing committees and named its 2023 task force chairs...

Thierry Léger is appointed Chief Executive Officer of SCOR

The Board of Directors, acting on the proposal of the Nomination Committee, has unanimously decided to appoint Thierry Léger Chief Executive Officer of SCOR. Thierry Léger will...

What is Form 1099-K and which businesses need one?

By Jessica Wick is a Content Writer at Avalara Update: As of December 23, 2022, the Internal Revenue Service announced a delay (updated January 4, 2023) in the implementation...

The digitalization of insurance tax

By Jessica Wick is a Content Writer at Avalara Thanks to significant advancements in insurance technology, there have been quite a few digital changes within the insurance sector in recent years....

Ryan Specialty Creates Global Transactional Risk Practice: Ryan Transactional Risk

Ryan Specialty (NYSE: RYAN) is pleased to announce the formation of its global transactional risk practice, Ryan Transactional Risk. This global managing general underwriting practice is being created...

Lockton SVP Joins Strategic Risk Solutions Advisers Team

Concord, MA, February 17, 2023 – Strategic Risk Solutions (“SRS”; “the Company”), the world’s largest independent insurance company manager, today announced that Mark Morris is joining SRS as...

RT ECP’s 2023 Market Update Highlights Environmental and Construction Professional Liability Insurance Trends & Challenges

RT Specialty’s Environmental and Construction Professional (RT ECP) Practice recently released its 2023 Market Update, which is dedicated to helping brokers, agents and their clients attain...

Young at heart with 83 years of experience

IN THE CURRENT WAVE OF MERGERS AND ACQUISITIONS, HEARING THE DIRECTOR OF AN AUTONOMOUS FAMILY BUSINESS SPEAK IS A BREATH OF FRESH AIR. FABRICE DE WAAL,...

RT Property Releases March 2023 US Property Insurance Review

RT Property has released their March 2023 US Property Insurance Review, providing a market overview and a look at the fallout from Hurricane Ian, the holiday winter storm, the California "atmospheric river...

How Will Usage-Based Insurance Change The Indian Insurance Sector?

By KV Dipu, Senior President & Head-Operations & Customer Service, Bajaj Allianz General Insurance Quite a few of us have experienced driving to the office just a few times a week in this era...

How Insurance Firms Can Seize New Opportunities By Partnering With Start-ups & Insuretechs

By K V Dipu, Senior President & Head-Operations & Customer Service, Bajaj Allianz General Insurance The jury is still out on the symbiotic benefits that insurers and insure-techs can derive! Based...

AIG is making it easier for brokers and clients to do business with it

Claude Wade, AIG Executive Vice President, Chief Digital Officer, and Global Head of Operations, is leading strategies to reimagine brokers’ and clients’ digital experiences. Before joining AIG, Claude...

Pinnacol's nationally recognized apprenticeship program is accepting applications

Pinnacol Assurance, Colorado’s leading workers’ compensation insurance provider, is seeking applications for its award-winning work-based apprenticeship program. In partnership with CareerWise...

Chubb Rule of Law Fund Continues Support for Projects to Advance Racial Justice

Chubb announced today that its innovative Chubb Rule of Law Fund, supported by 16 law firms and the Chubb Charitable Foundation, awarded four new grants in late 2022 totaling $1 million to fund...

WKFC Announces Senior Leadership Promotions for Ravi Singhvi to President and Joan Bauer to Chief Operating Officer

WKFC Underwriting Managers (WKFC), Ryan Specialty’s (NYSE: RYAN) managing general underwriter serving the wider wholesale marketplace, is pleased to announce the promotions of two senior leaders effective...

Liberty Mutual Announces Creation of Global Cyber Office and Appointments of Key Leaders

 Liberty Mutual Insurance today announced the formation of a Global Risk Solutions (GRS) Global Cyber Office and the appointment of respected experts to key leadership roles. The office builds...

Rachael Neary Promoted to Account Manager at RT Specialty

Rachael Neary has been promoted to account manager in RT Specialty’s Environmental and Construction Professional (RT ECP) Practice. She is responsible for assisting in the development of risk management...

M&A insurers face buyers' market

Insurers of mergers and acquisitions (M&A) are lowering their premiums and sweetening policy terms to win deals as eight cover providers often vie for the same business, the latest WTW M&A Insurance...

Decision to pay cyber ransom should remain with victim: ICA

The decision whether to pay a cyber attack ransom should remain with the victim organisation, an Insurance Council of Australia (ICA) submission on development of the 2023-2030 Australia Cyber Security...

Global Economic Impact Of Natural Hazards Reached $32 Billion In Q1 2022: Aon Report

Less than 50 percent of first-quarter hazard losses were covered by insurance Aon plc (NYSE: AON), a leading global professional services firm, today published its Global Catastrophe Recap –...

Aon Appoints Sarah E. Smith To Board Of Directors

Aon plc (NYSE: AON), a leading global professional services firm, today announced that Sarah E. Smith, a former member of the Management Committee of The Goldman Sachs Group, Inc., has been appointed...

You Need a Plan to Make It Big in the Insurance Industry

By Patrick Young is an educator and activist. He believes people with disabilities must live within a unique set of circumstances--the outside world often either underestimates them or ignores their...

UnisonSteadfast and Zurich Resilience Solutions enter into cooperation

Hamburg/Zurich: June 5, 2023 UnisonSteadfast, the largest independent network of medium-sized insurance brokers is pleased to announce that Zurich Resilience Solutions (ZRS), the commercial risk advisory...

SiriusPoint taps former Hiscox CEO Masojada as board chair

SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT), a global specialty insurer and reinsurer, has announced the appointment of Bronek Masojada as Chair of the Company’s Board of Directors,...

The Rise of Embedded Insurance and How Technology Can Play a Big Role

By KV Dipu – KV Dipu, Senior President & Head-Operations & Customer Service, Bajaj Allianz General Insurance Insurance has always been essential to our lives, protecting us against unforeseen...

Application of Game theory in Risk & Insurance Management

My interview with Idan Cabello who leads the Safety & Risk Prevention Service at Lockton Peru.  “The experience of a board game created in Peru” This following report is an interview...

Parametric Insurance Program Drives Catastrophe Resilience in Puerto Rico

Aon plc, a leading global professional services firm, has announced the completion of a historic parametric insurance program for the Government of Puerto Rico, aimed at helping the island reduce its insurance...

DUAL Asset announces significant new partnership with Chaucer in UK and Europe

DUAL Asset, part of the DUAL Group, announced a new long-term collaboration with Chaucer in the UK and Europe. This expansion will further enhance the position of DUAL Asset as one of the leading legal...

4 Tips for Conducting Safe Meetings from Your Home Office

If you're a new entrepreneur, you need to meet with clients, vendors, and potential business partners. You can mitigate harm and communicate effectively by designing your home office for safe virtual...

Aon Collaboration with AbsoluteClimo Advances Climate Modelling for Climate-Based Perils

Aon plc (NYSE: AON), a leading global professional services firm, today announced the firm’s multi-year collaboration with Asia Pacific climate data and analytics provider AbsoluteClimo, helping to...

Attacking Cyber Risks in the Insurance Industry

By Annette Hofmann PhD, Director, Lindner Center for Insurance and Risk Management; Associate Professor of Insurance and Risk Management; Virgil M. Schwarm Assoc. Professor of Finance...

The Financial Impact of Post-Pandemic Social Trauma

By Marci DeVries, CEO Fraud Sniffr Social trauma is a public phenomenon that occurs as a result of a population enduring event involving widespread loss and uncertainty over a period of years.  In...

AIG Names Christopher Schaper Global Chief Underwriting Officer

American International Group (NYSE: AIG) announced that Christopher Schaper, currently CEO of AIG Re, has been named Global Chief Underwriting Officer of AIG, effective as of the closing of the...

RIMS EXECUTIVE REPORT: BUILDING A STRATEGIC RISK FUNCTION

NEW YORK (August 21, 2023) — A misalignment between culture and strategy is often the biggest impediment on the road to effective risk management, according to RIMS new executive report...

Ryan Specialty Hires Michael Conklin as Chief Human Resources Officer

Ryan Specialty Holdings, Inc. (NYSE: RYAN) (“Ryan Specialty”), a leading international specialty insurance firm, is pleased to announce that Michael Conklin has joined Ryan Specialty as Executive Vice...

Jeff Fitzgerald Rejoins Strategic Risk Solutions

Concord, MA, August 1, 2023 – Strategic Risk Solutions (SRS), the world’s largest independent insurance company manager, today announced that Jeff Fitzgerald has rejoined the firm as Managing Director...

Joe Peiser to head Aon’s main commercial brokerage unit

Aon PLC named New York-based Joe Peiser CEO of commercial risk solutions, its main commercial insurance brokerage unit. He succeeds Lambros Lambrou, who was named CEO of Aon’s human capital...

UnisonSteadfast welcomes new broker Nord Partner

Nord Partner is a new member in Poland to the UnisonSteadfast community. Nord Partner Sp. Zo.o was established in 1998 in Torún and now has 20 offices throughout Poland. The broker...

Steadfast flags US expansion as profit increases

Steadfast has reported a 22.5% rise in underlying full-year earnings and has flagged that it will provide details on an expected US transaction by its October annual general meeting. Group CEO...

Aon Joins International Emissions Trading Association as First Member with Risk Capital Capabilities

Aon plc (NYSE: AON), a leading global professional services firm, today announced it has joined the International Emissions Trading Association (IETA) as the first member with risk capital...

Insurance Authority rolls out Open API Framework and launches the Central Register with Hong Kong Science and Technology Parks Corporation to facilitate Insurtech development

The Insurance Authority (IA) today (18 September 2023) rolled out the Open Application Programming Interface (API) Framework (the Framework) and the Central Register for the insurance sector[1], providing...

Aon announces new Asia Pacific COO

Aon has named Citibank Asia Pacific executive Jeff Plein as its new Asia Pacific COO.  The appointment follows Bill Hooper’s move to the position of Global COO of Commercial Risk...

Insurance prices continue to stabilise as the US cyber market records second quarterly decrease since the second half of 2018

London, 1 November, 2023 – Global commercial insurance prices increased 3% in the third quarter of 2023, the same as the prior quarter, according to the Global Insurance Market Index released...

Trade Credit Insurance payouts up 23% to protect UK businesses against bad debts

Insurance payouts to help businesses survive bad debts rose by 23% in the first half of the year, to their highest first half yearly figure since 2018 according to figures out today from the Association...

In memoriam: Florin Andrreescu

Source: XPrimm Florin ANDREESCU, a seasoned professional in the insurance industry, has left an indelible mark on the sector through his dedicated career spanning several decades. His journey, marked...

Ryan Specialty Appoints Thomas Nash President of CorRisk Solutions

Ryan Specialty announced effective December 1, 2023 the appointment of Thomas Nash as President of CorRisk Solutions (CorRisk), the wholesale distribution professional liability managing general underwriter,...

Ryan Specialty Appoints to Its Board of Directors Anthony J. Kuczinski, Former President & CEO of Munich Re US

Ryan Specialty Holdings, Inc. (NYSE: RYAN), a leading international specialty insurance firm, announced that Anthony J. Kuczinski has been appointed to its Board of Directors and will serve as a member...

Howden announces 2023 full year results

~ Double-digit organic growth and leading positions in key markets through strategic M&A reflects consistent delivery of Howden’s long-term, sustainable strategy ~  London, 6 February 2024 - Howden...

Nearly Three-Quarters of Employers Do Not Have AI Protocols for Internal Communicators, Gallagher Study Shows

Even though the adoption of artificial intelligence (AI) is increasing at a fast pace, 71% of organizations do not provide internal communicators guidance on when, where or how to use the technology, according...
issue

Howden appoints David Shalders as Group COO

Howden, the global insurance group, announces the appointment of David Shalders as Group Chief Operating Officer. Shalders will join as an executive member of the Howden Group Board as well as joining...

DUAL North America Names Mike Sherry Head of Transactional Risk

DUAL North America (“DUAL”) announced that Mike Sherry has joined the team as Head of its Transactional Risk division. In his new role, Sherry will be responsible for the strategic direction and...

LIO Specialty Launches Revolutionary Online Portal for Life Science Insurance Solutions

Leading the Excess and Surplus Lines Market with Innovative Coverage for Cannabis and Nutraceutical Industries  West Conshohocken, PA– LIO Specialty Insurance Company proudly announces the launch...

Haynes and Boone, LLP is pleased to announce that Peter A. Halprin has joined the firm as a Partner

Haynes and Boone, LLP is pleased to welcome Insurance Recovery Partner Peter A. Halprin to the firm’s New York City office. A Chambers USA-ranked attorney, Peter joins from Pasich LLP, where...

Insurer’s Lease More Than Doubles Its Chicago Office Space

Sompo International Plans Move to 46-Story Tower at 155 N. Wacker A global specialty insurance provider is more than doubling the size of its Chicago office in a move a few blocks north, bucking the trend...

EAMONN CUNNINGHAM WINS RIMS HARRY & DOROTHY GOODELL AWARD

Risk Management Trailblazer Presented with RIMS Highest Honor for Lifetime Achievement in Risk Management  NEW YORK (February 13, 2024) – At the RIMS New Zealand and Pacific Island...

Global Markets Overview: February 2024

In this Global Markets Overview, we explore our global outlook and share what we think it means for 2024.  https://www.wtwco.com/en-gb/insights/campaigns/global-markets-overview As...

Patrick Rastiello joins Ardonagh Specialty to lead North America Reinsurance expansion

Ardonagh Specialty has appointed Patrick Rastiello as CEO* of its North American reinsurance operations.   Patrick will be responsible for building Ardonagh Specialty’s US reinsurance...

Advertisement

ad ad ad

WORLD NEWS: Asia & Oceania by Date

Aon announces new Asia Pacific COO

Aon has named Citibank Asia Pacific executive Jeff Plein as its new Asia Pacific COO.  The appointment follows Bill Hooper’s move to the position of Global COO of Commercial Risk...

Insurance Authority rolls out Open API Framework and launches the Central Register with Hong Kong Science and Technology Parks Corporation to facilitate Insurtech development

The Insurance Authority (IA) today (18 September 2023) rolled out the Open Application Programming Interface (API) Framework (the Framework) and the Central Register for the insurance sector[1], providing...

Steadfast flags US expansion as profit increases

Steadfast has reported a 22.5% rise in underlying full-year earnings and has flagged that it will provide details on an expected US transaction by its October annual general meeting. Group CEO...

Aon Collaboration with AbsoluteClimo Advances Climate Modelling for Climate-Based Perils

Aon plc (NYSE: AON), a leading global professional services firm, today announced the firm’s multi-year collaboration with Asia Pacific climate data and analytics provider AbsoluteClimo, helping to...

The Rise of Embedded Insurance and How Technology Can Play a Big Role

By KV Dipu – KV Dipu, Senior President & Head-Operations & Customer Service, Bajaj Allianz General Insurance Insurance has always been essential to our lives, protecting us against unforeseen...

Decision to pay cyber ransom should remain with victim: ICA

The decision whether to pay a cyber attack ransom should remain with the victim organisation, an Insurance Council of Australia (ICA) submission on development of the 2023-2030 Australia Cyber Security...