16 02, 2024

People Moves: Leif Assurance Hires Gulli and Kay as Marketing Specialists

By | February 16th, 2024|Uncategorized|Comments Off on People Moves: Leif Assurance Hires Gulli and Kay as Marketing Specialists

Leif Assurance, headquartered in St. Louis, hired Lauren Elizabeth Gulli as brand marketing specialist and Connor Kay as digital marketing specialist. Before joining Leif Assurance, Gulli was a marketing director for a business consulting firm. Before joining Leif Assurance, Kay …

16 02, 2024

TWIA Committee Recommends $6.5B as PML for 2024 Storm Season

By | February 16th, 2024|Uncategorized|Comments Off on TWIA Committee Recommends $6.5B as PML for 2024 Storm Season

The Texas Windstorm Insurance Association’s Actuarial & Underwriting Committee met on February 13 and voted unanimously to recommend the TWIA Board of Directors establish $6.5 billion as the Association’s 1:100 probable maximum loss (PML) for the 2024 storm season. The …

9 02, 2024

Global Warming Exceeded Benchmark Over 12-Month Period for First Time on Record

By | February 9th, 2024|Uncategorized|Comments Off on Global Warming Exceeded Benchmark Over 12-Month Period for First Time on Record

Global warming exceeded temperatures of 1.5 degrees C over a 12-month period for the first time in record keeping. The European Union’s Copernicus Climate Change Service released its findings in its Global Climate Highlights 2023 report on Thursday, calling out …

9 02, 2024

Howden Has $1.4 Billion for Growth, Could Tap New Investor for Extra Firepower

By | February 9th, 2024|Uncategorized|Comments Off on Howden Has $1.4 Billion for Growth, Could Tap New Investor for Extra Firepower

Howden, one of the world’s largest privately owned insurance brokers, has 1.1 billion pounds ($1.4 billion) for growth, including acquisitions, and has had interest from potential new shareholders to back a large deal if needed, its management told Reuters. The …

9 02, 2024

Britain’s Financial Regulators Need ‘Ambitious Mindset’, Carnegie-Brown Says

By | February 9th, 2024|Uncategorized|Comments Off on Britain’s Financial Regulators Need ‘Ambitious Mindset’, Carnegie-Brown Says

British regulators need an “ambitious growth mindset” to implement post-Brexit financial sector reforms faster and stop business going elsewhere, an industry body said on Thursday. Britain’s “Edinburgh Reforms” – proposed by finance minister Jeremy Hunt over a year ago – …

9 02, 2024

Brazil Subsidized Rural Insurance for Deforested Farms: Report

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Brazil subsidized rural insurance for farmers who deforested protected areas, engaged in slavery-like labor or planted in indigenous lands, according to a report from a nonprofit group. An investigation by Repórter Brasil found that farmers benefited from a government-backed insurance …

9 02, 2024

Daughter of Wisconsin Inmate Who Died in Solitary Sues Prison Officials

By | February 9th, 2024|Uncategorized|Comments Off on Daughter of Wisconsin Inmate Who Died in Solitary Sues Prison Officials

MILWAUKEE (AP) — The daughter of a Wisconsin inmate who killed himself in solitary confinement has filed a federal lawsuit against state prison officials, alleging they failed to provide adequate mental health care and medications. Dean Hoffmann was found dead …

9 02, 2024

Fosun Said to Revive Sale of Hong Kong’s $1 Billion Peak Re

By | February 9th, 2024|Uncategorized|Comments Off on Fosun Said to Revive Sale of Hong Kong’s $1 Billion Peak Re

Fosun International Ltd. has revived a plan to sell Hong Kong-based Peak Reinsurance Co. after failing on a previous attempt, according to people familiar with the matter. BNP Paribas SA is helping the Chinese conglomerate find a buyer for its …

9 02, 2024

Another Banner Year Seen by 5 Publicly Traded Insurance Brokers in 2023

By | February 9th, 2024|Uncategorized|Comments Off on Another Banner Year Seen by 5 Publicly Traded Insurance Brokers in 2023

Five of the largest publicly traded insurance brokers — Marsh & McLennan Cos., Aon, Arthur J. Gallagher, WTW and Brown & Brown – reported generally strong revenues in 2023, with annual increases ranging from 3% (Aon) to 18% (Arthur J. …

9 02, 2024

4.0 Earthquake Felt off Florida’s East Coast

By | February 9th, 2024|Uncategorized|Comments Off on 4.0 Earthquake Felt off Florida’s East Coast

Along with hurricanes and litigation, Floridians and their insurers can now add another potential concern: earthquakes. The National Weather Service reported that a 4.0 magnitude temblor, one of the largest recorded in the state, was felt off Florida’s east coast …