Berkshire Hathaway Inc. bet big earlier this year that Florida’s reinsurance market would deliver huge premiums with minimal losses. Hurricane Idalia is about to offer a test of that calculus, with months of potential storms left this season. Warren Buffett’s …
Floridians, Georgians and others in the path of Idalia are hoping that the hurricane won’t join the long list of destructive Atlantic Ocean storms whose names started with “I.” Since 1955, 13 Atlantic storm names beginning with “I” have been …
As cyber threats continue to grow, guests on the latest episode of The Insuring Cyber Podcast say that collaborations between the public and private sector are becoming even more vital. “Probably the most urgent driver of cooperation is the continuously …
Toyota Motor was ramping back production at its Japan-based factories on Wednesday after a computer system processing orders for vehicle parts broke down on Tuesday, forcing the closure of 14 assembly plants. The disruption shut down a system that is …
Super Typhoon Saola pummeled the south of Taiwan early Wednesday with strong winds and heavy rain, shutting offices and canceling some flights before heading to Hong Kong. Authorities in Taiwan, where no typhoon has made landfall since 2019, closed offices …
This edition of International People Moves details appointments at Starr Insurance, Arch Reinsurance and Fidelis MGU. A summary of these new hires follows here. Starr Names Chen CEO of Starr Singapore Starr Insurance announced that Sean Chen, a 14-year member …
Dutch insurer NN Group NV may increase premiums further as extreme weather patterns become more prevalent, Chief Executive Officer David Knibbe said. While NN benefited from benign weather conditions in the first half of the year, the July storm in …
UK insurer Direct Line Group announced that Adam Winslow has been appointed as chief executive officer, subject to regulatory approval. It is expected that he will take up the role in the first quarter of 2024, succeeding Jon Greenwood who …
Motorists in Britain should brace for another year of steep insurance rises as providers confront cost pressures, industry figures have warned. Admiral Group Plc will continue increasing motor insurance prices and expects the rest of the market to follow suit, …
Cover Genius Names Rudow Chief Financial Officer Cover Genius appointed David Rudow as its new chief financial officer (CFO). Rudow has over 18 years of experience and previously served as CFO of the cloud-based technology company nCino. Other previous roles …
