“We are delighted to be supporting the IGPIA on its prestigious reinsurance program and to be writing this business in the Lloyd’s market. The IGPIA is renowned for its rigorous assessment of carriers’ reputation, financial strength, and deep understanding of the underlying risks,” said Daniel O’Connell, active underwriter at The Fidelis Partnership Syndicate.
Specialist risks and structured solutions take center stage in firm’s evolving strategy
Willis, part of WTW, developed IMI Plus to address the growing complexity of liability coverage for asset managers. The policy integrates five critical insurance areas: cyber liability, employment practices liability, directors’ and officers’ liability, errors and omissions liability, and crime.
New AM Best report highlights some areas of progress
Bessette brings experience in data, analytics, capital modeling, and reserving, gained through executive management positions at multinational commercial insurers. In her previous roles, she led a multiyear data strategy focused on improving customer and partner interactions. Her industry recognition includes being named a Woman to Watch by Business Insurance in 2015 and an Executive to … Read more
Meanwhile, its RSUM division specializes in delegated authority underwriting, which includes property and casualty managing general underwriters, national programs and alternative risk solutions. These programs serve industries such as energy, healthcare, transportation, construction, among others.
CrowdStrike IT outage: A flawed software update in July disrupted 8.5 million devices globally, with financial losses reaching $5.4 billion. Recovery efforts required manual intervention despite a rapid fix by the cybersecurity firm. Change Healthcare ransomware attack: In February, a ransomware attack affected over 100 million individuals in the US, paralyzing healthcare operations and leading … Read more
Malherbe noted that many large corporate companies which provided a pension provision for their employees over the years now sit on a very large liability. They’re on the hook to pay for these pensions, she said, and the amount has increased since they set up these plans because the average life expectancy has increased. “Again, … Read more
The report, Trends and Insights: Louisiana Insurance Market, highlights that Louisiana remains one of the least affordable states for personal auto and homeowners’ insurance. Research from the Insurance Research Council (IRC) indicates that, in 2022, the average annual expenditure for auto insurance in Louisiana reached $1,588 – nearly 40% above the national average. Homeowners insurance … Read more
Last few days to take part in the fifth annual 5-Star Cyber