What impact will the fall of the Baltimore bridge have on the earnings of US insurers?
According to GlobalData, US insurers may expect their profitability to be substantially unaffected by the expected rise in claims caused by the collapse of the …
Tag: business
A wake-up lesson for the insurance industry: Australia’s floods
Climate change has increased the danger, leading the New South Wales (NSW) government to declare a national disaster due to the devastating floods and heavy …
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 …
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 …
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 …
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 …