Industry News
Executives on the Move at Allianz, CFC, Lockton
Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group, has appointed Vanessa Maxwell as the new global head of Financial Lines. She joins from Berkshire ...
Reinsurers to Bear Brunt of Australia Flood Claims: AM Best
The majority of gross losses from recent devastating flooding in Australia likely will be borne by reinsurers with limited impact on primary insurers' balance sheets, according to an AM Best report. ...
RenRe Launching Casualty, Specialty Venture for ILS Investors
With institutional investors providing the bulk of the capital, RenaissanceRe Holdings has announced the creation of a new joint venture dedicated to casualty and specialty risks. Launched with $475 ...
Tech Bytes: New Partnerships at Gradient AI, Fenris Digital, InsurerCore
Gradient AI, an enterprise software provider of artificial intelligence services in the insurance industry, announced that it has partnered with Socotra, the modern core platform provider for ...
Solar Storm to Hit Earth, Prompting Monitoring by Airlines, Electric Grid Operators
A solar storm will sweep across the Earth Wednesday night, raising prospects of dazzling Northern Lights visible as far south as Chicago while prompting airlines and electric-grid operators to step ...
Amica CEO DiMuccio to Retire at End of 2022
Amica Mutual Insurance Company's board of directors announced that Chairman, President and CEO Robert A. DiMuccio plans to retire at the end of 2022 following 31 years with the company, including 17 ...
Executives on the Move at RenaissanceRe, AXIS, Beazley
RenaissanceRe Holdings Ltd. has made key appointments to advance its Environmental, Social and Governance (ESG) strategy. Kevin J. O'Donnell, president and chief executive officer of RenaissanceRe, ...
Tokio Marine Says Greensill Obtained Policies Fraudulently
Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday, adding it did not plan to pay out on the policies and would ...