Month: September 2024

Oak Re Syndicate 2843 Gains Lloyd’s Approval to Begin Operations in 2025 In a significant development for the reinsurance sector, Oak Re Syndicate 2843 has received approval from Lloyd’s of London to commence operations in 2025. This approval marks a critical milestone, potentially influencing how businesses and individuals approach risk management and insurance planning. The […]

Starkweather & Shepley Leverages AI to Streamline Insurance Applications In a groundbreaking move, Starkweather & Shepley has introduced artificial intelligence (AI) technology to simplify and expedite the insurance application process. This innovation aims to cater to the evolving demands of clients seeking various types of insurance, offering streamlined and more efficient services. The Role of […]

Lloyd’s Reinsurance Moves Ahead of US and Bermudian Markets Lloyd’s of London has positioned itself as a frontrunner in the reinsurance market, surpassing both US and Bermudian counterparts during robust risk-adjusted pricing conditions. This strategic development comes amidst favorable market conditions, which have prompted Lloyd’s to leverage its extensive expertise and innovative solutions to attract […]

Lloyd’s Reinsurance Business Outperforms US and Bermudian Markets Lloyd’s of London has successfully outshined its US and Bermudian counterparts in the reinsurance sector, thanks to strong risk-adjusted pricing conditions prevailing in the market. However, the discussion around insurance doesn’t stop at reinsurance as life insurance offers a plethora of benefits that cater to diverse needs. […]

Coalition Launches Cyber Reinsurance Intermediary The digital age has ushered in a wave of new risks, and in response, Coalition has launched a groundbreaking cyber reinsurance intermediary. This new initiative is poised to bolster resilience against the escalating threat of cyberattacks, providing comprehensive coverage and “deeper insights” into cyber risk. However, it’s also crucial to […]

Coalition Introduces Cyber Reinsurance Intermediary In an era where cybersecurity incidents are on the rise, Coalition has announced the launch of a specialized cyber reinsurance intermediary. This new initiative aims to provide “deeper insights” into the continually evolving landscape of cyber risks. However, amidst these advancements, it’s also crucial to consider the myriad of benefits […]

Marsh McLennan, Aon Advocate for Inclusive Ukraine Coverage Leading global insurance brokers Marsh McLennan and Aon have called on the insurance industry to lift blanket exclusions for Ukraine, aiming to enhance access to insurance capital as the region moves towards recovery. This appeal highlights the importance of inclusive insurance practices in fostering economic stability and […]

Aon, Marsh McLennan Urge Industry to End Blanket Exclusions for Ukraine Plea Aimed at Broadening Access to Insurance Capital Ahead of Recovery In a joint statement released recently, industry titans Aon and Marsh McLennan have called on global insurers to end blanket exclusions on insurance coverage for Ukraine. This significant move aims to widen access […]

Stephen Hawkins Obituary (1941 – 2024) – Johns Island, SC The passing of Stephen Hawkins at the age of 83 marks the end of a noteworthy life. Hawkins, born in 1941, dedicated much of his professional career to the Mass Mutual Life Insurance company of Springfield, MA, highlighting not only his commitment to the sector […]

Property Transfers in Lee, Ogle, and Whiteside Counties In a recent transaction dated August 24-30, John Hancock Life Insurance Co. and John Hancock Mutual Life Insurance Co. successfully transferred seven parcels in Harmon Township and an additional property at 840 Ryan to Blue Harmon IV LLC. This transaction is significant not just for the region, […]