Lloyd’s insurers expect moderate Baltimore bridge claims
Catastrophes, Marine, P/C Insurers United Kingdom Lloyd’s of London
Aon recruits former enterprise risk manager
Agents and Brokers, Risk Management Aon, Lockton, Marsh & McLennan
Credit Acceptance founder Don Foss passes away
Credit Acceptance said late on Monday that founder Don Foss passed away on Sunday from complications arising from an aggressive form of cancer. He was surrounded by his family, according to the company announcement. Specializing in subprime auto financing, Credit … [Read More]
Spain flooding to have limited impact on private re/insurers despite €3.5bn loss: S&P
According to S&P Global Ratings, the deadly flash floods that hit the Valencia region of Spain will have “limited effects” on private insurers and reinsurers, given that the Consorcio de Compensación de Seguros (CCS), the institution attached to the Ministry of Economy, Trade, and Business, will cover most of the claim costs.
Fletcher Jones taps Principal Warranty for F&I work
Principal Warranty Corp. recently added a new dealership client that knows luxury well. Now leveraging the provider’s products is Fletcher Jones, which has dealerships in California, Nevada, Hawaii and Illinois and is one of the national sales leaders among Audi … [Read More]
Liberty Mutual Insurance names Monica Caldas to succeed as CIO
Liberty Mutual Insurance has named Monica Caldas as its new executive vice president and CIO in a role that she will take up at the beginning of next year.
Hourly.io appoints Markel’s Jerico Vinsonhaler as Head of Underwriting
Fast-growing insurtech start-up, Hourly.io has appoint former Markel executive Jerico Vinsonhaler to serve as Head of Underwriting.
Palm Beach launches BDIC in Bermuda to revolutionise crypto insurance
Palm Beach has launched its new international entity, Blockchain Deposit Insurance Corporation (BDIC), in Bermuda to enhance crypto security, with plans to apply for Lloyd’s Coverholder status soon.
EU expands AML regulation impacting cryptocurrency compliance
The European Parliament has voted to adopt a package of laws to strengthen the EU’s AML and terrorist financing toolkit, with a particular impact on the cryptocurrency industry.
Powell opens door to interest rate cut, citing labor markets
Federal Reserve Chair Jerome Powell carefully opened the door to an interest-rate cut in September, pointing to rising risks for…
LegalShield spots consumer stress intensifying, especially in battleground states
As President Joe Biden and Donald Trump had their first debate last week, LegalShield used its latest Consumer Stress Legal Index (CSLI) to take a closer look at what’s happening with consumers in battleground states as well as providing an … [Read More]
UK Government enters procurement phase for Digital Gilt Instrument issuance
The UK Government has issued a procurement notice for a pilot of blockchain-based Digital Gilt Instrument (Digit) issuance.
