Novatae Risk Group, headquartered in Dallas, named Nick Greggains as president. Greggains is a member of the executive leadership team focusing on improving underwriting discipline, developing and implementing growth strategies, managing relationships with key clients and overseeing operational excellence. Greggains …
People Moves: Novatae Risk Group Names Greggains President Read More »
Chubb Ltd. agreed to acquire Liberty Mutual Holding Co.’s businesses in Thailand and Vietnam in a deal that would help it boost its presence in Southeast Asia. Chubb plans to buy LMG Insurance Public Co. in Thailand and Liberty Insurance …
Chubb to Buy Liberty Mutual Thailand, Vietnam Insurance Assets Read More »
The Mountain West Conference said it is seeking mediation in the lawsuit the Pac-12 filed against it in an attempt to avoid paying $55 million in “poaching” fees for bringing five Mountain West teams into its own league. The Pac-12 …
Mountain West Conference Seeks Mediation Over $55M in Dispute in Poaching Suit Read More »
ATLANTA (AP) — Georgia’s state Senate wants to boost spending on Hurricane Helene relief even more, including creating a grant program that could provide aid to individuals. The state Senate voted 55-1 last week to pass House Bill 67, which …
Georgia Lawmakers Must Now Fix Differences on Bill to Boost Hurricane Helene Relief Read More »
Chesapeake Employers’ Insurance Co. has filed for an 8% net rate decrease with the Maryland Insurance Administration (MIA) effective April 1, 2025. The nonprofit company, which is the state’s insurer of last resort, also announced its highest-ever policyholder dividend of …
Maryland’s Largest Workers Comp Insurer Files for 8% Rate Cut Read More »
After reporting underwriting losses of $13 billion in 2022 and $14 billion in 2023, State Farm recorded another underwriting loss for 2024—but narrowed it thanks to its auto insurance results. State Farm reported a 2024 net income of $5.3 billion …
State Farm 2024 Underwriting Losses Shrink on Auto Results Read More »
Most insurance executives surveyed last year believe they have “an ethical obligation” to close the protection gap—and also believe that “lack of trust in the insurance industry” is a key barrier standing in the way. Economist Impact, a division of …
Consumer Trust Issues Hinder Industry Efforts to Close Protection Gap: Survey Read More »
This edition of International People Moves details appointments at Price Forbes Re and AXA XL. A summary of these new hires follows here. Price Forbes Re (PF Re) announced the appointment of Sherman Power to the newly created role of …
Pool Re, Britain’s government-backed terrorism reinsurer, has completed placement of a new retrocession programme with more than 60 international reinsurers. The placement provides £2.75 billion ($3.5 billion) aggregate excess of loss cover, increased from £2.4 billion ($3.0 billion), with Hannover …
UK Terrorism Reinsurer Pool Re Completes Expanded Retrocession Placement of £2.75B Read More »
Japan is battling its worst wildfire in four decades, forcing thousands of people to flee amid some of the driest weather on record. At least one person has been killed since the blaze broke out Feb. 26 near the the …
Japan Battles Worst Wildfire in 40 Years Amid Record Dry Season Read More »
