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Category: News


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AXA XL Re names Dan Bryan Head of Asia, Reinsurance

January 31, 2023

Via: Reinsurance News

AXA XL Reinsurance has appointed Dan Bryan as Head of Asia, Reinsurance, effective February 1st. Previously, Bryan held the role of Head of Treaty Underwriting for Asia. In this new role, he will continue to work with AXA XL Reinsurance’s […]


News

AM Best: Louisiana Insurance Incentive Program a “Short-Term Stopgap”

January 30, 2023

Via: Insurance Journal

As Louisiana lawmakers adjourn Monday for a special session to address the state’s property insurance crisis, a commentary from AM Best says Louisiana’s plan to appropriate $45 million in funds to incentivize insurance companies to take on more property risk […]


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Anti-insurance crime group petitions YouTube

January 20, 2023

Via: Insurance Business

The National Insurance Crime Bureau (NICB), together with the Coalition Against Insurance Fraud and the International Association of Special Investigation Units, has sent a joint letter to YouTube requesting the social media platform to take down all videos that provide […]


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Distinguished Programs, SiriusPoint partner on environmental insurance program

January 20, 2023

Via: Insurance Business

National insurance program manager Distinguished Programs has announced a new partnership with SiriusPoint to expand into environmental, construction pollution and professional insurance. As part of the multi-year program agreement, SiriusPoint’s environmental team, led by Doug Stepenosky, will move to Distinguished […]


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Top 10 global insurers – ratings agency announces latest list

January 10, 2023

Via: Insurance Business

AM Best has unveiled the latest edition of its top largest insurers – with UnitedHealth Group maintaining its top spot on the list for the eighth consecutive year. The rankings were published in the January 06, 2023 issue of Best’s […]


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New to Insurance? Here’s Three Reasons Why You Should Stay the Course

January 9, 2023

Via: Insurance Journal

New to Insurance? Here’s Three Reasons Why You Should Stay the Course Ask any insurance industry veteran and they’ll tell you it’s a career worth having. Whether they own an independent agency, work as a producer for a larger brokerage, […]


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Johnson & Johnson announces acquisition of Statewide Insurance Corp

January 3, 2023

Via: Insurance Business

Managing general agency Johnson & Johnson announced that it recently acquired the assets of Statewide Insurance Corp as it looks to expand into a number of Southwestern states. Founded in 1964, Statewide Insurance Corp is among the oldest general agencies […]


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Reinsurers at crossroads after difficult Jan 1 renewals: Guy Carpenter

December 30, 2022

Via: Reinsurance News

The reinsurance sector now finds itself at a “crossroad,” according to analysts at Guy Carpenter, following one of the most challenging renewal periods ever experienced at January 1. In a report on the crucial renewal period, Guy Carpenter – a […]


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King Insurance continues expansion with third deal in a week

December 23, 2022

Via: Insurance Business

King Insurance Partners has acquired Florida firm Jean Arthur Associates (JAA) as it continues to expand its reach within the state. Located in Winter Springs, JAA is a full-service commercial and personal lines insurance agency that has been serving Central […]


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Citizens Property Insurance announces CEO exit

December 23, 2022

Via: Insurance Business

Florida’s Citizens Property Insurance Corporation has announced that current president, CEO, and executive director Barry Gilway will be leaving his position after over a decade of service. “Leading Citizens has been the capstone of a 52-year career in the insurance […]


News

Awkward Insurance Ranked in Top 50 Insurance Podcasts List

December 22, 2022

Via: Insurance Journal

The National Alliance for Insurance Education & Research is proud to announce that their acclaimed podcast, Awkward Insurance, was chosen as one of the Top 50 Insurance Podcasts on the web by Feedspot. Hosted primarily by Academic Director, Dustyne Bryant, […]


News

Munich Re to Launch Specialty Insurance Division

December 16, 2022

Via: Insurance Journal

Munich Re is launching a new division, called Global Specialty Insurance (GSI), which will be comprised of various primary insurance businesses from the group that are currently part of the reinsurance segment. The restructuring, effective on Jan. 1, 2023, will […]


News

Risk Strategies Acquires Worldwide Assurance Agency in Miami

December 14, 2022

Via: Insurance Journal

Risk Strategies, national specialty insurance brokerage and risk management firm, has acquired Miami-based Worldwide Assurance Inc., a retail life, health and benefits agency. Worldwide was founded in 2012 and has grown rapidly in recent years, its president, Osvaldo Gonzalez III, […]


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Insurance Business reveals tie-up with LAAIA and APIW

December 12, 2022

Via: Insurance Business

Insurance Business has teamed up with Latin American Association of Insurance Agencies (LAAIA) and Association of Professional Insurance Women (APIW) for its Best in Insurance 2022 special report. Founded in 1969 as “the voice for the independent insurance agents,” LAAIA […]


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Three smart reasons your small group clients should offer health insurance

December 7, 2022

Via: Insurance Business

Are your clients hesitant to offer health insurance at their small business? If so, they’re not alone. According to a recent survey, 60% of small business owners offer limited insurance benefits, if any, due to high healthcare costs. Plus, more […]


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Generali Plans Sale of €20B Italian Life Portfolio, Aiming to Improve Profits: Sources

December 7, 2022

Via: Insurance Journal

Assicurazioni Generali SpA is planning to sell a roughly €20 billion ($21 billion) Italian life insurance portfolio as part of a plan to improve profitability, people familiar with the matter said. The Italian insurer, which has been working with an […]


News

Florida and Reinsurance – Pulling Back the Covers

December 6, 2022

Via: Insurance Journal

The Florida Legislature will conduct a special session during the week of December 12 focusing on fixes for a failing, flailing insurance market in the state that has reached crisis levels. Symptoms of the crisis include the financial collapse of […]


News

Parametric reinsurance contract triggers for Hurricane Ian damages

December 6, 2022

Via: Insurance Business

Arbol, an insurtech platform underwriting climate and weather insurance, has delivered a $10-million parametric insurance payout to property and casualty (P&C) company Centauri Insurance, only weeks after the hurricane struck in late September. This is the first known parametric insurance […]


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Michigan’s Ford Credit Company to Launch Commercial Vehicle Insurance

December 1, 2022

Via: Insurance Journal

Michigan-based Ford Credit announced plans to launch Ford Pro Insure, a new commercial auto insurance product powered by Pie Insurance. “Ford Pro customers have come to expect a complete set of products and services that ensure their fleets are the […]


News

Nassau acquires Delaware Life Insurance Company of New York

November 22, 2022

Via: Reinsurance News

Nassau Financial Group, L.P. has entered into a definitive agreement for its subsidiary, Nassau Life Insurance Company (NNY), to acquire Delaware Life Insurance Company of New York (DLNY) from Delaware Life Insurance Company. The transaction is expected to close in […]