Month: July 2024

Revealed – the Top 20 Insurance Brokerages by Revenue The insurance industry is buzzing with news of the latest rankings for the top 20 insurance brokerages by revenue. This year’s list showcases a blend of fresh faces and a surprising shift in the top three positions, underscoring dynamic market movements. Life Insurance’s Growing Prominence Among […]

Origin Specialty Acquires Agribusiness Insurance-Focused MGU Origin Specialty has announced the acquisition of a managing general underwriter (MGU) specializing in agribusiness insurance. This acquisition is a significant move that will enable the MGU to expand the distribution of its existing offerings, potentially impacting various sectors, including life insurance. Life Insurance Benefits: The Greater Impact of […]

BMA Licenses New Insurers The Bermuda Monetary Authority (BMA) has recently licensed 32 new insurance entities, raising the total number of registered insurers this year. This move not only energizes the insurance market but also opens up new opportunities for policyholders seeking comprehensive coverage. Significance of Life Insurance in Today’s Market With an increasing number […]

Mercury Insurance Reveals Most Cost-Effective Sedans to Insure Mercury Insurance has recently published a list spotlighting the most cost-effective sedans to insure, identifying vehicles that skillfully merge safety, cost-efficiency, and wide availability. This revelation offers a momentous opportunity for car owners and prospective buyers to make more informed choices about their auto insurance needs. Benefits […]

Generative AI and Phishing Attacks – What the Insurance Sector Needs to Know The evolution of generative AI has introduced new challenges for the insurance sector, especially in the realm of cybersecurity. Recent reports highlight an alarming increase in sophisticated phishing attacks powered by generative AI, posing a significant threat to both individuals and businesses. […]

AIG Makes New Allegations in Ongoing Legal Battle Against Dellwood Insurance Group Company Accuses Former Exec of Misappropriating Confidential Information In a fresh turn of events, AIG has intensified its allegations in an ongoing legal battle against Dellwood Insurance Group. The insurance giant now claims that a former executive at Dellwood misappropriated confidential information, deepening […]

Prominent Hollywood Insurance Broker Shel Bachrach Passes Away at 80 Renowned for insuring the seemingly uninsurable, Shel Bachrach, a leading figure in the insurance world, has died at the age of 80. Bachrach, whose career spanned decades, was known for his innovative approach to covering high-risk entities and individuals, particularly in the entertainment industry. Legacy […]

Aon Appoints New President Director for Reinsurance Solutions in Indonesia Aon, a leading global professional services firm, has appointed a new president director for its Reinsurance Solutions in Indonesia. The new appointee brings more than a decade of expertise in the industry, promising to steer the firm towards new heights. Significance for Life Insurance Sector […]

D&O Insurance Pricing and the Benefits of Life Insurance Amid Significant Uncertainty The landscape of Directors and Officers (D&O) insurance pricing remains uncertain, with profitability facing significant challenges. According to an in-depth analysis by AM Best, market conditions are fluctuating, creating an unpredictable environment for insurers and policyholders alike. In such volatile times, the stability […]

Rising Reinsurance Costs Propelling Homeowners Insurance to New Heights In a recent study conducted by the Insurance Business Magazine, it has been revealed that homeowners across the United States are grappling with an unprecedented surge in insurance premiums. This surge is largely attributed to the rising costs of reinsurance, which in turn is impacting the […]