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People Moves: DOXA Expands Executive Leadership Team; JM Wilson Promotes Boles to Senior Personal Lines Underwriter
DOXA Expands Executive Leadership Team DOXA, headquartered in Fort Wayne, Indiana, hired five new executive leadership team members. Matt Bishop joined the team as head of operating entities and business verticals. He has nearly 20 years of insurance leadership experience, …
POSTED FEBRUARY 05, 2025 3:36 PM |
Aon, Floodbase, Swiss Re Team on Parametric Storm Surge Solution for US Hurricane
Aon plc said it has launched a new parametric insurance solution designed to address and mitigate commercial losses from hurricane-related storm surge along the coast of the U.S. Developed with parametric flood insurance provider Floodbase and Swiss Re Corporate Solutions, …
POSTED FEBRUARY 05, 2025 3:24 PM |
Markel Reorgs Professional Liability Products
Special insurer Markel said it is realigning its U.S. professional liability products into four pillars: management liability, errors & omissions (E&O), cyber, and financial institutions. “After careful consideration and evaluation, we believe this streamlined underwriting approach will lead to improved …
POSTED FEBRUARY 05, 2025 2:22 PM |
NC Governor Tests Lawmakers With Hurricane Helene Recovery Funding Request
RALEIGH, N.C. (AP) — North Carolina Gov. Josh Stein asked state legislators Monday to roughly double their spending so far on recovery from Hurricane Helene, warning that waiting will cause more business closings, housing construction delays and students falling behind. …
POSTED FEBRUARY 05, 2025 1:41 PM |
DeSantis’ Budget Would Triple Funding for Wind Mitigation Grant Program
Florida’s 2025-2026 state budget, as proposed by Gov. Ron DeSantis, would provide some $600 million for home and condominium hardening grants – almost triple what lawmakers approved for the popular programs last year. In his budget posted this week, DeSantis …
POSTED FEBRUARY 05, 2025 1:23 PM |
Viewpoint: Cyber Risk and AI – The Changing Landscape
Newswise — In today’s world of interconnected computer-based information systems, cyber risk has become one of the critical risk factors impacting organizations. Indeed, several studies have shown that cyber risk (i.e., the probability of being the victim of a successful …
POSTED FEBRUARY 05, 2025 12:55 PM |
Markets/Coverages: MGA Rokstone Expands Portfolio Into Financial Institutions
Rokstone, the international speciality re/insurance MGA that is part of the Aventum Group, has announced the launch of a D&O and PI combined facility for financial institutions in the UK, Europe and the Caribbean, backed by a $10 million Lloyd’s …
POSTED FEBRUARY 05, 2025 10:44 AM |
Australia Bans DeepSeek From Government Tech Over Security
Australia has banned DeepSeek AI services from all government systems and devices, becoming one of the first countries to take direct action against a Chinese artificial intelligence startup that shook Silicon Valley and global markets this year. Home Affairs Minister …
POSTED FEBRUARY 05, 2025 10:17 AM |
UK Commits £2.65 Billion to Tackle Rising Flood Risk
The UK will spend £2.65 billion ($3.31 billion) on flood defenses to protect homes from the growing risks posed by climate-fueled storms and rainfall, according to a government announcement on Tuesday. The investment on upgrading and repairing flood infrastructure will …
POSTED FEBRUARY 05, 2025 9:56 AM |
Allianz, IAG Said to Mull Bids for Top Western Australia Insurer
Insurance firms Allianz SE and Insurance Australia Group Ltd. are among parties considering bidding for Western Australia’s top insurer, according to people familiar with the matter. Allianz and IAG are mulling the offers for the insurance arm of The Royal …
POSTED FEBRUARY 05, 2025 9:36 AM |
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