Latest Smartphones, Gadgets and Startups News
The Insurance Council of Australia (ICA) has upgraded dozens of bushfires that have affected Victoria since January 7 to insurance catastrophe status, with the fires burning a total of about 985,000 acres of land. The fires have damaged or destroyed around 260 homes and 900 buildings, caused significant agricultural damage and one death, and are…
AM Best reiterated the stable outlook for the Indian non-life insurance sector, citing favorable macroeconomic conditions and strong demand, supported by regulatory initiatives and reforms. Although the sector’s growth slows in 2025 due to fire department pricing pressure, weak auto expansion and accounting changes in long-term policies, the rating agency said the sector’s growth momentum…
ICW Group, a national insurance company providing specialty risk and underwriting solutions, has expanded its ICW Specialty business unit with the introduction of Alternative Risk Transfer (ART) solutions and the appointment of Travis Murnan as head of Alternative Risk Transfer in Atlanta, Georgia. The move is part of ICW Group’s wider growth strategy and highlights…
Optalitix, an insurtech company in the underwriting and pricing space, has entered into a strategic partnership with MGA Netherlands and Intermont, part of the Acrisure Group, to accelerate its digital transformation and deliver flagship Optalitix deployments in the Netherlands. The partnership will modernize Intermont’s pricing and underwriting operations while laying a solid foundation for Optalitix…
The London Insurance Lawyers Market Forum has elected Weightmans partner Ling Ong as chairman, succeeding Kennedys partner Fleur Rochester. London Market FOIL is a division of the Forum of Insurance Lawyers (FOIL) and focuses exclusively on the needs of the global insurance and reinsurance markets operating in the English capital. Ong’s appointment follows the division’s…
eMaxx, a specialty managing general agent (MGA) and de facto attorney providing policyholder-owned alternative risk insurance solutions, announced the launch of eMaxx Reciprocal Insurance Exchange, a commercial property and casualty (P&C) reinsurer. The Reciprocal, an Arkansas-based policyholder-owned entity, will provide commercial property and casualty (P&C) insurance solutions supporting eMaxx-sponsored captive insurance company eCaptiv, a mutual…
Arch Insurance International, part of Arch Capital Group, a multi-disciplinary specialist insurance solutions provider, has promoted Simone Lewis to professional indemnity (PI) underwriting manager for the London market. In her new role, Lewis will oversee all underwriting activities for the London Market PI portfolio, providing comprehensive coverage across a range of traditional and non-traditional specialties…
Reinsurance is entering a new era with a systemic shift in how capacity is acquired and managed, driven by the convergence of sophisticated data analytics, widespread technology adoption and global capital diversification, Send analysts said in a recent report. Additionally, leaders in the industry are no longer content to compete solely on price or traditional…
Brenda Stewart has been promoted to head of captive management and consulting at global insurer American International Group (AIG). In her new role, Stewart will be responsible for leading global captive management, independent units and advisory groups within AIG Captive Solutions. She will also oversee client relationship management, new business development, operational performance and leadership…
Insurance and risk management company Travelers Companies, Inc. and artificial intelligence research company Anthropic announced a collaboration to expand Travelers’ artificial intelligence engineering and analytics capabilities. Approximately 10,000 Travelers engineers, data scientists, analysts and product owners will use Anthropic’s personalized AI assistant to support and accelerate the development of software, analytics and machine learning models….