Insurance Journal

SEPTEMBER 26, 2024

For-sale listings on Zillow will now feature detailed climate risk information for five key categories — flood, wildfire, wind, heat and air quality — along with insurance recommendations, according to the online real estate company. The climate risk data, provided …

Risk 264

Risk Insurance Insurer Insured 264

Insurance Journal

NOVEMBER 5, 2024

Novatae Risk Group, a managing general agency, program manager and wholesale brokerage, said it has launched its new miscellaneous professional liability program with a focus on fast quoting for brokers and exceptional claim service for insureds. With underwriting handled in-house …

Liability 239

Liability Risk Underwriter Underwriting 239

Insurance Journal

OCTOBER 11, 2024

Economic and financial challenges (43%), cyber threats (39%) and people-related risks (38%) are the top three concerns facing UK businesses over the next 12 months, according to new research by Marsh McLennan. The findings come from Marsh’s UK Business Risk …

Cyber 254

Cyber Risk 254

Insurance Journal

SEPTEMBER 9, 2024

The unique, evolving and often volatile nature of cyber risks has always lurked beneath the surface as the cyber insurance premium climbed in recent years. The recent CrowdStrike software failure underscored the dormant threats posed by aggregation risk, and the …

Risk 284

Risk Cyber Premium Insurer 284

Insurance Journal

OCTOBER 17, 2024

The New York Department of Financial Services (DFS) has issued new guidance to assist the more than 3,000 firms including insurers it regulates in addressing cybersecurity risks arising from artificial intelligence (AI). In a letter to letter companies, DFS Superintendent …

Risk 283

Risk Insurer Insured Insurance 283

Insurance Journal

OCTOBER 30, 2024

Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of Stonehatch, a leading specialist bloodstock and livestock insurance broker. Financial details of the transaction were not disclosed. Founded in 2014 by Chris Williamson, London-headquartered Stonehatch has built a …

Broker 237

Broker Risk Insurance Broker Broker-Agent 237

Insurance Journal

AUGUST 20, 2024

Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of Anthony James Insurance Brokers, subject to regulatory approval. This latest acquisition further expands and strengthens SRG’s retail pillar, Specialist Risk … Financial details of the transaction were not disclosed.

Insurance Broker 263

Insurance Broker Broker Risk Insurance 263

Insurance Journal

NOVEMBER 5, 2024

Specialist Risk Group (SRG), the London-based specialist insurance intermediary that is majority-owned by Warburg Pincus and Temasek, announced the acquisition of specialist reinsurance firm NW Re. Financial details of the deal were not disclosed. SRG said the acquisition reinforces its …

Risk 206

Risk Broker-Agent Insurer Insured 206

Insurance Journal

AUGUST 23, 2024

Accession Risk Management Group, the parent company of specialty insurance brokerages Risk Strategies and One80 Intermediaries, reports it has closed a $1 billion incremental debt raise and refinancing. Accession Risk Management Group is a portfolio company of Kelso & Co., …

Risk 251

Risk Insurer Insured Insurance 251

Insurance Journal

SEPTEMBER 25, 2024

For the fourth time in six years, cyber risk ranked highest as a concern for business leaders. In fact, this year cyber as a top concern reached an all time high, according to the 2024 Travelers Risk Index. Cyber was …

Cyber 305

Cyber Risk 305

Insurance Journal

AUGUST 22, 2024

Australia is facing elevated wildfire risks months ahead of the summer fire season, as an unusually warm winter scorches parts of the continent and threatens to set temperature records. Heat is forecast to bake vast areas of the country in …

Risk 285

Risk 285

Insurance Journal

OCTOBER 22, 2024

Unison Risk Advisors (URA) reports that Avondale Insurance Associates has joined the firm and is the first company to join URA’s non-retail division. Established in 2006, Avondale Insurance Associates is an excess and surplus lines underwriting management company across all …

Risk 269

Risk Underwriter Underwriting Insurer 269

Insurance Journal

AUGUST 11, 2024

These tools can allow owners and investors to better anticipate risks of flooding, wind, wildfire and other disasters. Insurers have been among the adopters of climate-risk models, in a sign … Many companies offer detailed climate projections tailored to property-level precision.

Risk 288

Risk Insurer Insured Insurance 288

Insurance Journal

SEPTEMBER 4, 2024

Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of Capulus, a specialist motor fleet managing general agent (MGA). Financial details of the deal were not disclosed. Based in Wales, Capulus’ team of 21 colleagues will join SRG’s …

Risk 254

Risk Agents Broker-Agent Insurer 254

Insurance Journal

AUGUST 14, 2024

Joe Tejeda, a Practice Leader from PCF Construction, provides a look at builders’ risk and construction insurance. This post is part of a series sponsored by PCF Insurance Services. The construction industry is a complex ecosystem with various stakeholders—each facing …

Risk 243

Risk Insurance Insurer Insured 243

Insurance Journal

AUGUST 12, 2024

Insurance Carriers are reducing their appetite for risk and increasing premiums. This post is part of a series sponsored by TSIB. This means they are being much more selective in what they are willing to insure. If they are going …

Risk 233

Risk Underwriter Underwriting Insurance Carrier 233

Insurance Journal

JULY 31, 2024

Bain Capital Insurance has announced a capital investment in 1970 Group, a New York-based specialized risk financing provider to the insurance industry. 1970 Group offers expertise in structured financing, credit support and risk management. The company pioneered the concept of …

Risk 249

Risk Insurance Industry Insurance Insurer 249

Insurance Journal

OCTOBER 15, 2024

Specialist Risk Group (SRG), the London-based specialist insurance intermediary that is majority-owned by Warburg Pincus and Temasek, announced its launch in Asia Pacific with a new subsidiary in Singapore. As the first part of its expansion plans, SRG has, through …

Risk 195

Risk Broker Broker-Agent Insurer 195

Insurance Journal

AUGUST 30, 2024

Specialist Risk Group (SRG) announced the acquisition of the ongoing renewal rights of Morton Insurance Brokers, a specialist in private hire and taxi insurance across the UK since 1987. Financial details of the transaction were not disclosed. The acquisition strengthens …

Insurance Broker 289

Insurance Broker Broker Risk Insurance 289

Insurance Journal

OCTOBER 29, 2024

Clear Group, the UK independent insurance broker that is owned by Private Equity at Goldman Sachs Alternatives, has entered the wholesale Lloyd’s broker space with the acquisition of Lilley Plummer Risks Ltd., a London-based marine and property specialist. Financial details …

Broker 244

Broker Risk Insurance Broker Marine 244

Insurance Journal

SEPTEMBER 1, 2024

But the segment faces growing risks from regulatory and technology-related exposures, making the quality … The management liability insurance segment has attracted a lot of new capacity in the last few years, and the increased competition has pushed rates down significantly.

Liability 228

Liability Risk Liability Insurance Insurer 228

Insurance Journal

JULY 14, 2024

As an insurance organization you understand risk management better than most businesses. You advise clients on how employment practices pose liability risks, but when is the last time you’ve thought about your own risks, particularly when it comes to hiring …

Liability 236

Liability Risk Insurer Insured 236

Insurance Journal

AUGUST 28, 2024

Rising floodwaters pose a significant threat to communities and economies worldwide, making flood insurance a vital component of risk management. However, accurately assessing flood risk for properties has been a … This post is part of a series sponsored by CoreLogic.

Risk 221

Risk Insurance Insurer Insured 221

Insurance Journal

SEPTEMBER 12, 2024

Vermont has failed to complete many actions in its five-year hazard mitigation plan aimed at reducing the risk from natural disasters such as flooding, according to a new report from the state auditor’s office. The plan is developed by Vermont …

Risk 230

Risk 230

Insurance Journal

SEPTEMBER 17, 2024

Private equity firms have changed the business models of life insurers they invest in, posing risks that are more likely to materialize with higher interest rates, according to researchers at the Bank for International Settlements. Buyout firms channel the insurance …

Risk 244

Risk Life Insurance Insurance Insurer 244

Insurance Journal

AUGUST 6, 2024

Europe’s wildfire risks are extending as far north as the UK after a recent spell of hot weather. Parts of southeastern England, including areas around London, face high wildfire risks later this week, according to forecasts from Copernicus. Wildfires have …

Risk 242

Risk 242

Insurance Journal

SEPTEMBER 30, 2024

Specialist Risk Group (SRG), the London-based specialist insurance intermediary, announced that its acquisition by Warburg Pincus, a global growth investor, and Temasek, the Singapore-based investment company, has been completed. With the necessary regulatory approvals now received, the partnership marks a …

Risk 261

Risk Broker-Agent Insurer Insured 261

Insurance Journal

AUGUST 8, 2024

Despite the dangers and expense associated with living in high-risk areas, large numbers of people are still moving to parts of America most impacted by wildfires, flooding and extreme heat. According to a new report from real estate company Redfin, …

Risk 300

Risk Personal Property 300

Insurance Journal

OCTOBER 2, 2024

Research by the Federal Reserve Bank of New York finds that nearly one million houses and multifamily buildings in New York, New Jersey, and Connecticut—one in 10 properties in the tri-state area—are at high risk of flooding. These properties rank …

Risk 258

Risk Building 258

Insurance Journal

NOVEMBER 4, 2024

Austin, TX – November 4, 2024 – The Risk & Insurance Education Alliance is thrilled to announce the launch of the AlliBot Subscription, designed to provide insurance and risk management professionals with easy, on-demand access to vetted artificial intelligent knowledge, …

Risk 130

Risk Insurance Insurer Insured 130

Insurance Journal

OCTOBER 14, 2024

October 15, 2024 – The Risk & Insurance Education Alliance, in collaboration with BrokerTech Ventures (BTV), is proud to introduce its latest educational initiative, the Introduction to Insurance for Insurtech Professionals module. Austin, TX., First announced in June 2024, the …

Risk 261

Risk Insurance Insurer Insured 261

Insurance Journal

OCTOBER 18, 2024

Three of the world’s biggest tobacco companies are near a possible deal to resolve longstanding claims in Canada that they held back information about the health risks of cigarettes. Under the proposal from a court-appointed mediator, Canadian subsidiaries of Philip …

Risk 232

Risk Claim Liability 232

Insurance Journal

SEPTEMBER 4, 2024

Top reinsurers are showing increasing – but disciplined – appetite for natural catastrophe risks as a result of rising demand, improved pricing, more favorable terms and conditions, and improving investment income, according to a report published by S&P Global Ratings.

Risk 277

Risk 277

Insurance Journal

OCTOBER 28, 2024

Novatae Risk Group, headquartered in Dallas, named John Catrabone as vice president of carrier relations. Based in Ohio, Catrabone comes to Novatae with more than 30 years of experience in various insurance industry sectors. Before joining Novatae, was chief distribution …

Risk 224

Risk Insurance Industry Insurer Insured 224

Insurance Journal

SEPTEMBER 30, 2024

Southern Water’s credit risk has soared to a record high in recent days as hedge funds scramble to protect themselves against the possibility of default at the UK water company. The curve on the utility firm’s credit default swaps is …

Risk 255

Risk Protection Liability Insurance 255

Insurance Journal

NOVEMBER 4, 2024

Marsh, the insurance broker and business of Marsh McLennan, has partnered with We2Sure, a specialist in insurance and risk management solutions for carbon credit certificates, to launch a new insurance facility to help organizations in the UK, EU, and US …

Risk 218

Risk Insurance Broker Broker Insurance 218

Insurance Journal

AUGUST 21, 2024

Florida Peninsula Managers, the managing general agency for Florida Peninsula Insurance and Edison Insurance, has officially changed its name to Windward Risk Managers, the name of the company that has managed it for years. The change comes a month after …

Risk 255

Risk Insurer Insured Insurance 255