DOXA Insurance today announces the acquisition of the International Hole In One Association’s (IHIOA) suite of companies.
Author: Annie George
USQRisk Taps Underwriting Veteran Ashleigh Sears as Head of Casualty
USQRisk, the international managing general agent specializing in alternative risk transfer and unique risk solutions, has hired Ashleigh Sears as the company’s Head of Casualty.
Container Ship Owner, Manager Seek Legal Shield Against Baltimore Disaster Claims
The owner and manager of a container ship that crashed into the Francis Scott Key Bridge in Baltimore filed a petition in a Maryland federal court in an effort to head off potential liabilities of up to $43.7 million as an investigation gets under way to determine the cause of the disaster.
2024 Survey Reveals Crucial Ethical AI Adoption Challenges in Insurance Industry
In a groundbreaking exploration of AI in insurance, the 2024 Ethical AI in Insurance Consortium Survey has uncovered a critical juncture for insurers: while 80% of companies are either already using AI for business decisions or plan to do so within the year, they encounter substantial challenges pertaining to cost, data quality, and bias.
Swiss Re CEO Mumenthaler to Step Down After 25 Years at the Firm
Swiss Re AG Chief Executive Officer Christian Mumenthaler is stepping down after a quarter of a century at the world’s second-largest reinsurer.
Microsoft Is Faulted for ‘Inadequate’ Cyber Practices in U.S. Report
A Chinese-state intrusion last year of Microsoft Corp. technology that enabled hackers to gather US officials’ emails “should never have occurred,” according to a report released Tuesday from a government cyber review board.
Emerald Bay Risk Solutions Launches with Bain Capital Backing & Ingrey as CEO
Emerald Bay Risk Solutions, a collaborative underwriting carrier, has formally launched with a significant strategic investment from Bain Capital Insurance, the dedicated insurance investing unit of Bain Capital.
Florida Gov. Desantis’ Raises Alarm by Calling Citizens Insurance ‘Not-Solvent’ As an ‘Explosive’ Hurricane Season Is Predicted
In Florida, homeowners are grappling with insurance rates that are nearly three times the national average, a situation that has prompted concerns at both the state and federal levels.
Casualty Lines Back Front and Center Amid Social Inflation Crunch
After climate risks and property inflation pushed casualty insurance to the back burner somewhat, it’s returned to being “front and center” as the sector grapples with the impacts of social inflation and rising claim sizes, according to AM Best’s head of industry research.
Gallagher Re: Buyers Able to Access Increased Reinsurance Capacity at April 1 Renewals
The FY2023 reporting season concluded in Q1 and saw many companies reporting some of the best reinsurance underwriting conditions in over 20 years, according to Gallagher Re.