QBE announced to the market this week that it expects a US$1.2 billion after-tax loss in 2017 on “unprecedented” natural catastrophe claims. “This has been a challenging year for QBE, reflecting an unprecedented cost of catastrophes as well as the …
The Worldwide Broker Network (WBN) announced the appointment of Larry Mojumdar, CEO of Mojumdar & Co. Ltd., of Tokyo, to its board of directors. Mojumdar & Co. was established in 1955 in Tokyo. The company sells insurance products to both …
AXIS Capital Holdings is reorganizing its operations in a bid to focus more on technology and innovation, with an eye on long-term profitable growth. Executives hope to put the new changes in place during the 2018 second quarter. The Bermuda-based …
Diane has over 25 years of experience in the insurance industry, with ten years of surety specific experience at the carrier level of the business. Orlando, FL, January 24, 2018- eSURETY has announced that Diane Marino has been named Director …
Beazley has further enhanced its Beazley Breach Response (BBR) coverage for small and mid-sized policyholders in the U.S. In conjunction with Lodestone Security, a specialist advisory firm and wholly owned subsidiary of Beazley, BBR policyholders now have access to up …
The U.S. National Transportation Safety Board will investigate an accident involving a Tesla Inc. Model S sedan that rear-ended a firetruck on a freeway near Los Angeles on Monday, the agency said. The agency will send two investigators to conduct …
While employers across the U.S. paid a record amount in settlements for workplace violations last year, don’t expect this to mark the beginning of a trend. Think of it more as the storm before the calm, as labor lawyers rush …
Insurtech Hippo has nailed down $25 million in new Series B funding, a cash infusion the provider of super-quick homeowners insurance will use to fuel a hiring and geographical expansion. Comcast Ventures and Fifth Wall led the round, along with …
The U.S. Securities and Exchange Commission will review a dispute between Express Scripts Holding Co. and New York State Comptroller Thomas DiNapoli over his effort to force the prescription-benefits manager to increase cyber-risk disclosures. Express Scripts told the SEC last …
A Florida woman died because a faulty air bag ruptured and fired shrapnel into her head during a crash she should have survived, a report released Jan. 17 by the state’s Highway Patrol said. Nichol Barker, 34, of Holiday, Florida, …
