People Moves: Marsh Promotes Duca to Global Head of Credit Specialties; Howden Names Agarwal CEO, Howden India, as Vashista Becomes Chairman August 1, 2023 This edition of International People Moves details appointments at Marsh and Howden. A summary of these new hires follows here....
MGA Pen Underwriting Creates Standalone Financial Lines & Specialist Liability Division August 1, 2023 Pen Underwriting, the London-based managing general agent and Gallagher subsidiary, announced changes to its divisional structure to bring together core...
Rain Pelts Beijing, Northern China, Causing Floods and Claiming at Least 11 Lives August 1, 2023 Relentless rain stretched into a fourth day in Beijing and nearby cities on Tuesday as a weakening typhoon brought non-stop...
Viewpoint: Innovation Trends Through the Lens of Qorus-Accenture Innovation Awards August 1, 2023 By Kenneth Saldanha and Anna Benetto The winners of the Qorus-Accenture Innovation in Insurance Awards were announced recently at a live ceremony in Milan, bringing together...
Aircraft Lessors Aim for June 2024 Trial Over Contested Russia Insurance Claims August 1, 2023 Some of the world’s largest aircraft lessors and insurers are aiming to be ready to go to trial in June...
Diverging Cyber Cat Model Results Challenge Underwriters’ Risk Analysis: Guy Carpenter August 1, 2023 By L.S. Howard Significant progress has been made in advancing vendor’s cyber catastrophe models, but a notable degree of variability exists across model...
Industry Trades Rail Against Federal Climate Disclosure Bill August 1, 2023 By Chad Hemenway Federal legislation introduced last week that would require insurance companies with more than $100 million in annual premiums to disclose...
Companies Caught in Diversity Crossfire Are Frozen by Uncertainty August 1, 2023 By Jeff Green The US Supreme Court’s ruling against affirmative action has sparked a fierce debate over the future of diversity in corporate...
After UPC Insolvency, Parent Company Rebrands to American Coastal Insurance August 1, 2023 By William Rabb Six months after its namesake insurance carrier was deemed insolvent, United Insurance Holdings is rebranding itself in the name of...
Tenco Services Acquires James C. Greene Firm in Carolinas August 1, 2023 Nashville-based Tenco Services Inc., a multi-line claims adjusting firm in six Southeastern states, plans to acquire the James C. Greene...