A top European insurance executive slammed a piece of regulation that has emerged as key driver behind a recent slate of asset management acquisitions by banks. The rule known as Danish Compromise gives the region’s lenders “an advantage” when buying …
Banks Have Unfair Edge Over Insurers in M&A Race: NN CEO Says Read More »
Everest Group Ltd., the Bermuda-based property/casualty and specialty re/insurer, announced that its Board of Directors has appointed Jim Williamson as president and chief executive officer, effective immediately. Williamson was most recently Everest’s acting CEO, a position he assumed when Juan …
Everest Group Names Williamson as Permanent Chief Executive Officer Read More »
Storm Éowyn will bring a “weather bomb” to Ireland and the UK, unleashing destructive winds and heavy rain, the Met Office forecaster said. People across Ireland were told to stay home Friday, with schools closing as severe weather warnings come …
Storm Éowyn Set to Bring ‘Weather Bomb’ to UK and Ireland Read More »
The governing committee of the Automobile Insurers Bureau of Massachusetts (AIB) appointed William H. Scully as president. Scully served as interim president succeeding Kim A. Barber who retired in April 2024. Scully has been with the AIB since August 2000 …
People Moves: Scully Appointed President of Automobile Insurers Bureau Read More »
China is guiding local mutual funds and insurers to boost their stock purchases in the government’s latest initiative to shore up its ailing equity market as it confronts the threat of higher tariffs. Mutual funds should raise their holdings of …
China Guides Mutual Funds, Insurers to Invest More in Stocks Read More »
Dutch insurance companies and other financial institutions that want to invest in the defense industry can expect guidance from the government, said Defense Minister Ruben Brekelmans. “What I’ve experienced so far with insurers like NN, but also with banks, is …
Dutch Willing to Help Insurers Invest in Defense, Minister Says Read More »
India widened backing for Russian insurers as the largest buyer of Moscow’s seaborne crude strives to keep discounted barrels flowing, after the US imposed fresh sanctions earlier this month. As well as extending approvals for some sanctioned providers, India’s Directorate …
India Widens Approvals for Russian Insurers After Oil Sanctions Read More »
While the Los Angeles wildfires inch closer toward containment, estimates of insured losses continue to creep higher. CoreLogic said the industry price tag of the Palisades and Eaton fires could land between $35 billion and $45 billion. Moody’s RMS, in …
Insurtechs’ Approach to Wildfire Insurance: Part III – Faura Read More »
After Hurricane Milton swept through parts of southwestern Florida in October, aerial drone images showed condominium buildings with large sections of their roof membranes peeled back like blankets on a beach, exposing the buildings to water intrusion. Builders and commercial …
Does Florida’s 15-year Roof Age Rule Discourage More Wind-Resistant Products? Read More »
Washington State Insurance Commissioner Patty Kuderer made six additions to her executive team. Kuderer was sworn in as the state’s ninth insurance commissioner on January 15. She replaces Washington Commissioner of Insurance Mike Kreidler, the nation’s longest serving insurance commissioner. …
People Moves: Washington Insurance Commissioner Kuderer Adds to Executive Staff Read More »
