Industry News
MGA Pixel Re Launched for Global Property, Energy Risks of $500M and Above
Connect Underwriting Ltd., a London-based specialist reinsurance managing general agent, announced the availability of new capacity via Pixel Re, a new dedicated, monoline reinsurance vehicle for ...
Hurricane Ian Drives Global Insured Losses of $115B From Natural Disasters: Swiss Re
Hurricane Ian and other natural catastrophes, such as European winter storms, floods in Australia, and hailstorms in France and the U.S., have cost global insurers an estimated $115 billion so far ...
‘Droves’ of Global Re Market Entrants Unlikely; Outlook Stable: AM Best
Will 2023 reinsurance renewals mark a turning point to a "true hard market" that attracts "new capital in droves" and expands supply? Analysts from AM Best raised the question in a new Best's Market ...
Tesla Opens Floodgates for Owners to Test Out Automated Driving
Tesla Inc. is making its controversial driver-assistance system available to customers previously deemed not safe enough behind the wheel to test it out. Chief Executive Officer Elon Musk tweeted ...
Fla. Supreme Court Suspends License of Mobile Claim Center Lawyer
The Florida Supreme Court on Monday suspended the law license of attorney Jennifer Perez, who was in charge of a "mobile claim center" that was set up in a trailer in North Fort Myers about a week ...
Munich Re: 2022 Hurricane Season Third-Most Expensive
The 2022 North Atlantic hurricane season caused approximately $65 billion in insured losses and overall losses around $110 billion, making it the third-most expensive season to date, according to ...
Hazard Assessments Lag at Restaurant Companies: Marsh
Formal hazard assessments at restaurants are key in reducing worker injuries and insurance claims. In recent years, however, a sizable number of companies have not conducted the required ...
Executives on the Move at PLRB, Corvus, AXA XL, BHSI
The Property & Liability Resource Bureau (PLRB) announced that Bryan Falchuk has been named the company's next president and chief executive officer, effective Jan. 1, 2023. Falchuk succeeds ...