Month: December 2024

ICIEC and CAGEX Sign Reinsurance Deal to Boost Export Credit In a significant move to bolster trade expansion and risk mitigation, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has signed a reinsurance agreement with CAGEX, the Algerian Export Credit Agency. This collaboration aims to facilitate Algerian exporters in mitigating risks […]

AIG Finalizes Sale of Travel Guard to Zurich Insurance Group In a significant development in the insurance industry, American International Group (AIG) has finalized the sale of its Travel Guard operations to Zurich Insurance Group. This strategic move, however, excludes the Japanese and Indian markets, where AIG will continue to operate. Implications for Life Insurance […]

Gallagher has announced a significant step in expanding its international presence with the acquisition of an established firm specializing in property and casualty insurance. This strategic move further solidifies Gallagher’s standing in the global insurance market. Broader Coverage with Life Insurance Benefits While property and casualty insurance remains a primary focus, Gallagher’s expansion also opens […]

The Role of AI in the Insurance Industry: Optimal and Missteps The insurance sector is undergoing a seismic shift with the integration of Artificial Intelligence (AI), impacting several facets, including life insurance. Leading experts recently discussed how AI is reshaping the industry at a virtual roundtable hosted by Insurance Business Magazine. AI Enhancements in Life […]

Florida Insurance Summit to Tackle Market Challenges Post-Reform Officials and industry leaders convened at the Florida Insurance Summit to evaluate the impacts of HB 837 and ongoing hurricane recovery efforts. With a particular focus on life insurance, the conference examined how policy reforms and natural disasters are influencing the insurance market statewide. Laura Lee, an […]

The 2024 hurricane season underscores a newfound stability in the insurance market, despite mounting pressures on homeowners. Amidst this volatile backdrop, life insurance products stand out as essential financial planning tools, offering a spectrum of benefits tailored to individuals and businesses alike. Lifetimeinsurance.org highlights several key sub-topics within life insurance, including Business/Career Insurance, Retirement Insurance, […]

ASR Middle East Launches as Lloyd’s Service Company New Dubai Hub Expands Access to Specialist Insurance In a significant development for the insurance market in the Middle East, ASR Middle East has been launched as a Lloyd’s service company in Dubai. This new venture is set to provide a wide array of specialist insurance solutions, […]

ASR Middle East Launches as Lloyd’s Service Company New Dubai Hub Expands Access to Specialist Insurance ASR Middle East has officially launched as a Lloyd’s service company, marking a significant expansion in the region’s insurance market. The establishment of this new hub in Dubai is set to bolster access to a variety of specialist insurance […]

Bermuda’s Free Re/Insurance Course Welcomes New Partners The Bermuda Monetary Authority (BMA) recently announced the inclusion of new partners in its free re/insurance course, aimed at exploring Bermuda’s industry and emerging risk management trends. The course offers weekly online sessions, providing invaluable insights for professionals and enthusiasts alike. While Bermuda is renowned for its robust […]

Bermuda’s Free Re/Insurance Course Welcomes New Partners A groundbreaking opportunity has emerged for North American insurance professionals as Bermuda’s free re/insurance course expands with new partners. This comes in light of efforts to educate on a wide range of risk management topics, demonstrating how re/insurance skills can be crucial to personal and professional financial stability, […]