For years, U.S. investigators have been calling for more automation on motor vehicles, such as sensors that slam on the brakes to prevent a crash. At the same time, the National Transportation Safety Board, in its probes of transportation mishaps, …
Swiss Re Corporate Solutions has appointed Jingwei Jia as chief executive officer, China, effective immediately. Jia will be based in Shanghai and drive Swiss Re Corporate Solutions’ strategy of building its China operations into a leading commercial insurer. Since joining …
Liberty Kenya Holdings Ltd. is considering as many as 10 acquisition targets as part of the insurer’s five-year strategy to increase its foothold in East Africa’s biggest economy. “That is on the cards if we can get a suitable candidate,” …
As China’s medical bills rise steeply, outpacing government insurance provision, patients and their families are increasingly turning to loans to pay for healthcare, adding to the country’s growing burden of consumer debt. While public health insurance reaches nearly all of …
London Market Group (LMG) announced that PPL – the London Market’s electronic placing platform began trading today, with brokers and underwriters exchanging information on standalone terrorism risks, the first class of business to go live on the system. “We are …
Octo Telematics SpA, the Italian car insurance-technology company, is pursuing an outright sale alongside preparations for an initial public offering, according to people with knowledge of the matter. Octo, owned by Russia’s Renova Group, is working with advisers to seek …
An advocacy group has filed a lawsuit challenging Virginia’s practice of suspending the driver’s licenses of people who can’t pay court costs and fines. In a federal lawsuit filed against the commissioner of the Virginia Department of Motor Vehicles, the …
Connecticut’s insurance commissioner announced Tuesday that nonprofit health insurer HealthyCT must be placed under state supervision to protect the company’s 40,000 policyholders. Commissioner Katharine Wade said HealthyCT’s financial condition has become “unstable,” “seriously jeopardized” by a recent $13.4 million payment …
Lighthouse Management LLC, a licensed MGA representing Lighthouse Property Insurance Corp. (Lighthouse), has appointed Kim Hernandez as the marketing representative for Central Texas. After serving as a sergeant in the Marines for four years, Hernandez received her B.S. from California …
Managing general agency and surplus lines broker J.M. Wilson has promoted Ashley Montgomery to transportation underwriter in Kansas City, Mo., office. Montgomery is responsible for quoting new and renewal transportation risks, corresponding with company underwriters, and serving independent insurance agents …
