Amid the swelling concerns over the impacts of climate change, the insurance industry is increasingly turning to innovative solutions to manage the financial consequences of natural disasters. One such solution gaining traction is parametric reinsurance, a product designed to offer streamlined and
Markel Group has recently announced a significant move, relocating its insurance division to City Square House in Leeds. This decision is not merely a matter of geographical change but a strategic milestone that more than doubles the company’s office space to an impressive 20,000 square feet. By
The world of annuity sales is undergoing a significant transformation. Where once financial planners and insurance agents dominated the market, a new trend is emerging. A recent study by Nationwide Annuity, which surveyed 300 U.S. clients aged 50-74 who own individual annuities, found a compelling
A beacon of impressive growth in the insurance sector, Inszone Insurance Services has recently ascended to the #33 spot on the Insurance Journal’s Top 100 Independent Property/Casualty Agencies list for 2024. This remarkable climb, from their initial entry at #86 in 2021, is a testament to the
In the second quarter of 2024, the U.S. commercial insurance market witnessed a marked deceleration in premium increases, representing a major shift in market dynamics largely propelled by the Council of Insurance Agents & Brokers' (CIAB) Commercial Property/Casualty Market Index for Q2/2024. This
Ryan Specialty, an international specialty insurance firm, has recently made a strategic acquisition by obtaining certain assets from Greenhill Underwriting Insurance Services. This acquisition marks an important step in Ryan Specialty’s effort to expand its capabilities and offerings in the niche
