Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced the appointment of Mr. Richard Brown as the lead of a new team focusing on property business in its statement. The business is through…
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CAC Specialty Expands Natural Resource Team
CAC Specialty, an integrated specialty insurance brokerage, and investment banking business, announced in its recent statement the appointment of six new hires in its Natural Resources division. The new hires include Robert Carvell as the Senior Vice President of Risk…
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Hub International Makes Puerto Rico Acquisition
Hub International Limited (Hub), claiming to be a leading full-service global insurance broker, announced in its statement that it has acquired certain assets of Christiansen Insurance Group, LLC (Christiansen Insurance Group). Terms of the transaction were not disclosed. Located in…
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Ellen Dunkin Becomes RIMS President for 2021
The risk management society RIMS announced in their statement that Ellen R. Dunkin will lead the organization as president for the 2021 term, which began on January 1. Dunkin works in Amalgamated Life Insurance Co. as the senior vice president,…
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Aviva Tailors Insurance Product for Renewable Energy
Aviva has launched a new integrated insurance package aimed at large companies in the renewable energy market. Aviva Renewable Energy covers all the protection requires of organizations working in their home and abroad business sectors, to boost lender trust in…
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Argo to sell Ariel Re to Stanard’s Pelican and JC Flowers
Underwriter of specialty insurance and reinsurance products, Argo Group International Holdings, Ltd. announced an agreement to sell its reinsurance business, Ariel Re, to Pelican Ventures and J.C. Flowers & Co., both private equity investors with significant insurance expertise. The closing…
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Insurance Tech Virtual Conference Inviting 25+ Experts on AI, IoT, Customer Experience, Innovations and Data Analytics
In view of the current trends in technology transformations and innovation in the insurance business, Altaworld is hosting a premier Insurance Tech Virtual Conference on December 14 – 15, 2020 with 25+ technology experts speaking over the two days. Additionally,…
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Julie Page Appointed As the New CII President
The Chartered Insurance Institute (CII), the professional body for the insurance sector appointed Aon UK chief executive Julie Page as its new president, succeeding Nick Turner, sales and agency director of NFU Mutual. Peter Blanc, group chief executive of Aston…
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BI Claims – Losses Pile up, but there’s no bailout!
At this point, it is safe to say that the coronavirus pandemic has definitely slowed down the economy. It has put a halt to major economic activities. Also, it has swarmed insurers and regulators with Business Interruptions Claims. Forcing insurers…
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Digital Transformation Set to Overtake the Market amid COVID-19
The fatal pandemic COVID-19 turned the market upside down. Due to lockdown, many businesses including insurers had to switch to the digital platforms. The switch was need of the hour to run their business operations smoothly. Australian general insurers too…
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