Victor selects new leader to head US specialized
Tim McDougald, seen above, has been named president of the Victor US specialty underwriting division, effective immediately, by global managing general underwriter (MGU) Victor. Over …
Category: Finance
Mosaic Insurance introduces American market’s newest political risk offering
The US market will now have access to Mosaic Insurance’s political risk coverage, thanks to the introduction of their arbitration award default insurance (AADI) policy. …
Why six million U.S. citizens do not have homeowner’s insurance
A large portion of the population living in the United States does not have homeowner’s insurance, according to a new survey. This includes a disproportionate …
Why one insurer is expanding in the US despite the population problem
With an aging population at home, Sompo Holdings—one of Japan’s top three P&C insurers—will be eager to maintain the momentum it has gained from an …
Easy access to insurance is a top priority for Canadians
In a recent poll conducted by PC Insurance, it was found that a sizeable proportion of Canadians consider the procedure of acquiring home and auto …
Australian travel insurance set to undergo a radical transformation thanks to new collaboration
Battleface, an Australian travel insurer, has partnered with insurance.com.au. By combining forces, we can use Battleface’s cutting-edge modular API technology to provide Australian travelers with …
Australia’s Principal Revenue Advisor (APRA) lays out plans to protect the country’s finances
Chair John Lonsdale has detailed the efforts of the Australian Prudential Regulation Authority to ensure the continued financial stability of the Australian people have been …
Aiming for the small and medium enterprise (SME) market, Lloyd’s syndicate launches in Toronto
Since its start in 2016, Probitas 1492 has been writing in Canada. However, Lloyd’s syndicate decided to step up its presence in the local market. …
AIA Australia strengthens its leadership team
Two more strategic appointments have strengthened the executive team of AIA Australia. Susan Turner has been appointed as the chief financial officer (CFO). AIA Australia …
Canada Life has verified a cyber incident at a service provider
Due to a cyber incident that was carried out by MSH International, which is a subcontractor of Canada Life, the member portal for the MSH …
U.S. Property and Casualty Insurance Association on “harmful bill”
The American Property Casualty Insurance Association (APCIA) warns that passing Senate Bill 256 would cause car insurance premiums to skyrocket. “This harmful bill could result …
Australia is currently reviewing its AI regulations
For public review, the Australian government has issued a preliminary response to the Safe and Responsible AI in Australia report. A press release disclosed their …
Insurance for education savings schemes chosen by Chubb Canada
Chubb Canada has been chosen as the selected provider to provide insurance for the education savings plans distributed by Children’s Education Funds Inc. (CEFI). CEFI …
Australian transport sector sent a warning after landmark case
A landmark case involving a transport executive has resulted in a warning from NTI to the transport industry. Jan. 23 was a watershed judgment; the …
In North America, what tendencies are putting companies at danger of cyberattacks?
Businesses in North America are facing new cyber risks this year due to developments in generative AI, the rise of ransomware, changes in regulations, and …
On the board of directors of CSIO now sits Aviva Canada’s CIO
Brett Fawbert, currently serving as Aviva Canada’s chief information officer, has joined the board of directors of the Centre for Study of Insurance Operations (CSIO). …