Policyholders at Indonesia’s state-owned PT Asuransi Jiwasraya are looking to the government to rescue the scandal-hit insurer, which has uncovered a $2 billion hole in its books. The crisis affects 17,000 buyers of investment products and 7 million clients, and …
Hamilton Insurance Group Ltd. announced its insurance-linked securities (ILS) platform has a new name and a new lead executive. Formerly called Hamilton Capital Partners, the platform is now Hamilton ILS. Hanni Ali moves from his role as senior vice president, …
Chicago-based broker Hub International Ltd. announced it has acquired RHC Insurance Brokers Ltd. and RHC Insurance Brokers (Cranbrook) Ltd. Terms of the transaction were not disclosed. Headquartered in Nelson, British Columbia, Canada, with nine additional offices across the province, RHC …
The last five years on Earth have been hotter than at any time since the industrial revolution kicked off almost two centuries ago. That’s the conclusion of Europe’s Copernicus Climate Change Service, which published data on Wednesday showing that global …
Australia urged nearly a quarter of a million people to evacuate their homes on Friday and prepared military backup as authorities said the next few hours could be “very, very challenging” even as rain poured down in some parts. Defense …
Pricing corrections in the property catastrophe reinsurance market over the last few years have been localized and mitigated to some extent by sufficient levels of capacity, according to Guy Carpenter in its January reinsurance renewal report. As a result, pricing …
Fastcomp, a workers’ compensation technology platform based in Boston Heights, Ohio, has introduced a proprietary Multiple Quote Automation engine for monoline workers’ comp with independent agents in mind. The company said that depending on the risk, Fastcomp can deliver as …
Waukee, Iowa-based Holmes Murphy has added three new members to its board of managers, as well as three new members to its executive committee. Each of these leaders brings years of experience and commitment to the company. The new members …
The leader of the U.S. Chamber of Commerce said the powerful business group will fight to reverse liberal policies being pushed in the states and by some Democratic candidates for president. “We will lead the opposition to policies that undermine …
The United Steelworkers sued the U.S. Environmental Protection Agency in federal court on Thursday in a bid to reverse its gutting of a safety rule at chemical plants, the union said. The largest U.S. industrial union’s lawsuit in the U.S. …
