Towergate has announced the appointment of James Barnard as chief transformation and change director. Barnard will play a key role in driving the change programs needed to transform Towergate, the Maidstone, England-based independently owned insurance intermediary, which has been restructuring …
The drone intruder was roaming around the Rose Bowl Stadium as 94,000 fans cheered, oblivious to the threat. But scientists testing a new security device at the game knew: they detected its radio signals and seized control of the gatecrasher. …
Efma, a Paris-based association of 3,300 financial services companies from more than 130 countries, and Accenture have launched “Innovation in Insurance,” a program that aims to identify and award the most innovative insurance initiatives and projects around the world. The …
A.M. Best has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and the issuer credit rating to “bbb” from “a-” of Hyundai Insurance (China) Co. Ltd., or HIC. Following these actions, the ratings remain under review with …
Investigators in Kentucky say a preliminary investigation has found that a construction worker accidentally started a massive fire that destroyed a beef cattle auction business in Lexington. Media cited a statement released Feb. 12 by the Lexington Fire Department that …
Location, Inc., a provider of location-based data and tools used by corporations for risk analysis, has introduced a new risk index to help insurers address structure fire losses due to human negligence. Insurers often associate structure fires with catastrophic events, …
Anchor Insurance appointed John Wortman as its new president and Kevin Pawlowski as its chief operating officer, effective February 9, 2016.
Global Aerospace, a provider of aerospace insurance, has launched Aeroinsure, an online aviation underwriting and policy management system. Through Aeroinsure, brokers can instantly access insurance products for their light aircraft customers. Aeroinsure will operate across multiple product lines anywhere in …
Reinsurers are running out of claims reserves that they can release to boost profits as pricing continues to fall, according to the head of Allianz SE’s reinsurance unit. “I don’t think there are too many loss reserves left and the …
Allianz SE, Europe’s biggest insurer, struck a deal to limit risks in the U.S. by transferring policy obligations to reinsurer Enstar Group Ltd. Enstar will assume net reinsurance reserves of about $1.1 billion and cover half of a book of …
