ICA says NSW flood claims now over 4,300
The Insurance Council of Australia (ICA) has tweeted that the number of claims relating to the storms and resultant flooding in New South Wales has reached 4,360.
Willis adds five execs to natural resources team
Agents and Brokers, Energy, Risk Management Willis Towers Watson
JPMorgan unveils IndexGPT investing tool
JPMorgan Chase is using OpenAI’s GPT-4 model for a range of thematic investment baskets, according to Bloomberg.
Commercial insurance rates set to remain mixed: Hub
Agents and Brokers, Auto liability, Cyber Risks, D&O, Excess and Surplus Lines, P/C Insurers, Property, Technology Hub International
CEO of Florida property insurer to step down
Catastrophe Modeling, Catastrophes, Insurance-linked Securities, P/C Insurers, Property, Reinsurance
Lockton names Naji Abboud as Senior Executive Officer in DIFC
Lockton, an independent insurance broker, has appointed Naji Abboud as Senior Executive Officer (SEO) of its Dubai International Financial Centre (DIFC) branch.
Cyber insurance gap ‘disproportionately high’ – Munich Re
The insurance gap for cyber products is ‘disproportionately high’, says Munich Re in a new report.
EV market share expected to hold at 9% in 2025
Competing forces in the EV market are expected to offset each other, leaving market share unchanged in 2025. EV market…
Insurers pull back on assault coverage amid surge in claims for real estate risks
Agents and Brokers, P/C Insurers, Property, Risk Management Alliant Insurance, Lockton
Mark Benz named Head of Ascot U.S. Alternative Risk Solutions
Insurer and reinsurer Ascot has appointed Mark Benz as Executive Vice President, Head of Alternative Risk Solutions, based in the New York City area.
Top financial institutions form European Cloud User Coalition
A coalition of top European financial institutions has been formed to develop common security standards and best practices for the use of cloud technology in the EU.
WTW bolsters its Private Equity and Transaction Solutions, CRB NA team with new hires
WTW, an advisory, broking, and solutions firm, has appointed Aartie Manansingh as Head of the Private Equity and Transaction Solutions Industry Group within Corporate Risk and Broking, North America (CRB NA). Jorgen Andersson and Peter Galla will serve as Deputy Heads of the Division.
‘Excessive litigation’ in US driving up liability rates: Marsh McLennan CEO
Agents and Brokers, Financial Results, Risk Management Marsh & McLennan