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US Legislators Query NAIC on Climate-Related Gaps in Insurance US lawmakers have raised critical questions regarding the climate-related gaps in insurance coverage and are pressing the National Association of Insurance Commissioners (NAIC) for answers. The inquiry points to the increasing risks posed by climate change and how the insurance industry is adapting to these evolving […]

ARPC Names New Head of Technical Underwriting Australian Reinsurance Pool Corporation (ARPC) has recently appointed a new head of technical underwriting, ushering in a new era of professional acumen for the organization. The individual chosen for this prestigious role brings a wealth of experience garnered over an expansive career in the reinsurance and insurance sectors. […]

FIRST Insurance Funding Appoints Two New Relationship Managers FIRST Insurance Funding has announced the appointment of two new relationship managers, a strategic move aimed at strengthening the company’s premium finance efforts. Bolstering Premium Finance Efforts The new hires, Rachel Adams and Michael Johnson, bring a wealth of experience to the table. Adams has over 15 […]

Fidelis Insurance Sees Net Income Fall Fidelis Insurance, a major player in the insurance sector, recently reported a decline in its net income for the year. However, CEO Richard Brindle expressed optimism about the company’s prospects for the remainder of the year. He believes that the company is well-positioned to navigate the current economic environment. […]

Lack of Reinsurance Posing a Threat to US Insurers, Policyholders The reinsurance landscape in the United States is facing unprecedented challenges, creating uncertainty for insurers and policyholders alike, according to a recent report by Demex. The increasing payouts for severe convective storms (SCS) are stretching the capacities of reinsurers, leading to heightened risks for primary […]

Marsh Launches Comprehensive Insurance Solution for Global CCS Projects Marsh, a global leader in insurance brokering and risk management, has unveiled a groundbreaking insurance solution specifically tailored for global Carbon Capture and Storage (CCS) projects. This innovative initiative addresses critical insurance limitations in the burgeoning CCS industry, promoting sustainability and risk mitigation. But beyond its […]

Global demand for health reinsurance is on the rise, and a newly released report sheds light on the factors contributing to this growth. This comprehensive analysis not only explores the expanding segment of health reinsurance but highlights the pertinent role life insurance is slated to play in this evolving landscape. Life Insurance: An Essential Component […]

Fronting Market to Face More Complexities Despite Strong Reinsurance Support – Conning The fronting market is bracing for increased complexities despite the sturdy backing of reinsurance, according to Conning’s latest report. The firm’s managing director emphasized that the ever-evolving business landscape often requires additional layers of protection, including various forms of life insurance. Life Insurance […]

“`html Cyber Insurance: A Market of Constant Change In the rapidly evolving landscape of cyber insurance, professionals are continuously adapting to new challenges and opportunities. A top wholesale broker has recently shared insights into why she chose the cyber insurance field and where she sees potential for growth. However, another area of insurance that offers […]

Arch MI Secures New Indemnity Reinsurance In a significant development for the mortgage insurance sector, Arch Mortgage Insurance Company (Arch MI) has announced the successful acquisition of a new indemnity reinsurance agreement. This measure is set to cover an estimated $30.5 billion in mortgages, a notable bolstering of their financial security mechanisms. Enhancing Financial Security […]