Latest Smartphones, Gadgets and Startups News
More than half (51%) of the $670 billion worth of planned U.S. data center projects are located in states with a high risk of severe convective storms (SCS), according to new analysis from specialty insurance company MS Amlin. MS Amlin’s analysis examined more than 670 data center projects under construction or planned across the United…
Jencap Group LLC, an American wholesale insurance brokerage group and one of the largest wholesalers in the United States, announced the promotion of Kevin Hahn, Jr. to Executive Vice President (EVP) of National Casualty. Hahn will support the company’s leadership team in managing national carrier and broker relationships while also overseeing its New York City…
Credit ratings agency AM Best has found that insurers are well prepared to deal with any direct impact from the recent outbreaks of Ebola and Andean hantavirus, in part due to “lessons learned” from the COVID-19 pandemic on underwriting gaps and system vulnerabilities. AM Best’s commentary states that “insurers are better prepared for rare disease…
American Universal Insurance, part of American Universal Insurance and Reinsurance Group (American Universal Group), has entered into a major quota share reinsurance partnership with a syndicate of two corporate-owned Lloyds to support its medical indemnity insurance portfolio. Effective January 1, 2026, participating Lloyd’s syndicates bear 50% of premiums and losses on risks insured by the…
Pacific Life Re, the reinsurance arm of Pacific Life Re, welcomes the Japan Financial Services Agency’s (JFSA) proposed code amendments to the Comprehensive Code for Insurance Company Supervision as they promote the healthy development of asset-intensive reinsurance (AIR). PL Re said: “While the final form of the guidance has not yet been determined, we welcome…
Allianz UK, part of financial services group Allianz SE, has joined the FloodAction Coalition, a move that demonstrates its commitment to flood resilience and sustainable solutions. The FloodAction Coalition aims to bring together insurers, landowners and investors to create a £1bn water restoration market by 2028. To achieve this, the alliance aims to transform nature-based…
Global carrier Markel Insurance has appointed Danny O’Donoghue as head of fine arts and coins, effective immediately, based in London and reporting to Markel International maritime director Dan McCarthy. In his new role, O’Donoghue will lead the strategic and sustainable expansion of Markel’s fine art and coin portfolio to further strengthen its market position in…
Grant Hollyman, CEO of reinsurance brokerage Gallagher Re Australia and New Zealand, highlighted a shift in the Australian property and casualty reinsurance market, with reinsurers showing greater interest in total insurance, although it remains difficult to purchase. In an interview with Reinsurance News, Hollyman discussed the current state of the Australian property reinsurance market and…
Global investment banking and financial services firm JP Morgan said investor concerns about weak pricing conditions in the reinsurance and commercial insurance markets continued to weigh on sentiment among European insurers, despite takeover speculation and growing interest in valuation-driven opportunities. in its latest love actuary Note that JPMorgan said discussions with investors in the UK,…
Aon, a global professional services firm providing risk, retirement and health solutions, has appointed Alberto Carrion as head of lender solutions. In this role at Aon, Carrion will support the development of the company’s lender solutions products, working with lending clients to address risk considerations and capital priorities as part of Aon’s broader advisory capabilities….