Insurance - Live News America

Piramal, Zurich Insurance to bid jointly for Reliance General Insurance

The Piramal group and Zurich Insurance, who had submitted separate bids for the general insurance business of bankrupt Reliance Capital, have decided to form an equal partnership firm to bid for the Reliance General Insurance Company (RGIC). Both Piramal and Zurich will hold 50 per cent each in the proposed special purpose … Read more

Exclusive Feature: How insurance can win the talent war

The war for talent is one of the insurance world’s biggest challenges today. With top executives and industry stalwarts increasingly on the retirement path, the need for fresh talent in insurance is rapidly growing.  Download this exclusive feature to understand employee retention better and gain talent attraction strategies from RightSure Insurance Group founder … Read more

These are the world’s 20 largest insurance companies in 2022

Overall, these insurance giants boast a combined market value of almost $1.6 trillion and assets amounting to more than $11.2 trillion. Total revenue and profit reached almost $1.9 trillion and $140 billion, respectively. While combined sales dropped about 23% from $2.4 trillion from previous year, the insurers saw profits rise almost the same percentage from … Read more

Hub International launches new captive insurance program

Hub International has launched a new captive insurance program to serve as an alternative to traditional security deposits for real estate owners, operators, and managers of multi-family properties and/or commercial spaces. The new HUB Tenant Default Captive Insurance is a landlord-controlled captive program that does away with the hassle of security deposits, lowering … Read more

Calls for insurance commissioner to reject Allstate’s proposed price hike

Allstate previously announced in March that its proposed increases would represent an approximate 5.1% increase in its total auto insurance written premiums. It also said in an earlier statement that since Q4 2021, it implemented 41 rate increases, equal to $1.2 billion in gross premiums. Read more: Allstate reveals plans to raise auto insurance rates … Read more

Beazley probes insurance needs of digital health businesses

A new report by Beazley Plc has taken a deep dive into the opportunity-rich world of digital health businesses, a majority of which, it turns out, are not adequately insured.  The Spotlight on digital health and wellness 2022 report was based on a Beazley-commissioned survey of 300 digital health and wellness … Read more

International Union of Marine Insurance brings in new president, vice president

“These are challenging times for the marine insurance industry as we grapple the issues of decarbonization, economic and geo-political uncertainties, and digital transformation,” said Denèfle, who is the managing director at marine war risks specialist Groupement d’Assurance de Risques EXceptionnels. “IUMI plays a critical role in representing the sector, and I look forward to building … Read more

A wholesale success story | Insurance Business America

His childhood experiences have served him well, and today Power sits at the helm of a broking business that is targeting $500 million in revenue this year. His career has extended beyond wholesale broking, and he credits his time on the carrier side as having had a “real impact” on him. Upon graduating from university, … Read more

Hockey Canada letter shows 37 per cent of player fees go to insurance portion of National Equity Fund

A letter sent to NDP MP Peter Julian by Hockey Canada CEO Scott Smith shows more than 37 per cent of player fees go toward covering insurance costs that include “sexual misconduct coverage.” The letter, a copy of which was sent to Sportsnet on Thursday, shows that of the $23.80 paid to Hockey Canada by … Read more