Aspen, PIMCO create Bermuda-domiciled Pando Re
Business Insurance » Risk Management
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1h ago
Aspen Insurance Holdings Ltd. and PIMCO Investment Management Co. LLC on Tuesday said they had formed Pando Re Ltd., a Bermuda-domiciled collateralized insurer and reinsurer focused on casualty business ..read more
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Video: The BI Interview with Dave Lewison of Amwins
Business Insurance » Risk Management
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1h ago
Dave Lewison, executive vice president at Amwins, discusses how recent conflicts have affected cyber risks and how artificial intelligence is being used by both cyber security professionals and the criminals they are seeking to thwart ..read more
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Travelers sees rate hikes continue; Q1 profit up over 15%
Business Insurance » Risk Management
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1h ago
Travelers Cos. Inc. said Wednesday that commercial insurance rates continued to rise in most lines during the first quarter as it reported growth in net income and revenue ..read more
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Aon names industry practices leader
Business Insurance » Risk Management
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1h ago
Aon PLC recently named John Griffin industry practices leader, North America ..read more
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D&O rates stabilize, retention rates fall: Report
Business Insurance » Risk Management
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1h ago
BRP Group Inc. Wednesday released a report showing that directors and officers liability rates and retentions decreased in 2023 ..read more
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Nat cat insured losses at least $20B in Q1: Gallagher Re
Business Insurance » Risk Management
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1h ago
Insured losses from natural catastrophes totaled at least $20 billion in first-quarter 2024, a third lower than the $33 billion in insured losses in first-quarter 2023 but a shade higher than the 10-year average of $18 billion, according to a report Wednesday from Gallagher Re, the reinsurance business of brokerage Arthur J. Gallagher & Co ..read more
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James River completes JRG Re sale
Business Insurance » Risk Management
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1h ago
James River Group Holdings Ltd. Wednesday said in a statement that it had completed the $277 million sale of JRG Reinsurance Company Ltd. to Fleming Intermediate Holdings, a portfolio company of private-equity sponsor Altamont Capital Management LP, as per order of a New York Court ..read more
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Pet insurers in the doghouse
Business Insurance » Risk Management
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1h ago
While pet insurance is meant to throw a bone to pet owners saddled with unexpected veterinarian bills, Consumer Reports found that most pet insurance subscribers are not happy ..read more
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Alaska Air says Boeing paid it $160M in compensation for grounding
Business Insurance » Risk Management
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1w ago
Alaska Air Group said Thursday that Boeing Co. had paid it about $160 million in the first quarter as initial compensation to address the hit from the temporary grounding of 737 MAX 9 jets ..read more
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SEC stays climate disclosure rule amid legal challenges
Business Insurance » Risk Management
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1w ago
Wall Street’s top regulator has stayed new climate-related disclosure requirements pending judicial review, the agency said in a statement on Thursday, after criticism from across the political spectrum ..read more
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