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‘It’s in the Mail’ Is Not Good Enough to Protest Workers’ Compensation Claim A Connecticut employer lost its right to contest a workers’ compensation claim because although it mailed its notice to the workers’ compensation law judge within the 28 day statutory period, the judge did not receive the notice by the 28th …
POSTED APRIL 25, 2024 12:54 PM |
People Moves: Zurich NA Names Higginbotham Head of Pro Liability & Cyber; FM Global CEO Appointed Board Chair; WTW Names Lombardo Named Chair of REHL Division Zurich NA Names Higginbotham Head of Professional Liability & Cyber Zurich North America, headquartered in Schaumburg, Illinois, has named Kara Higginbotham as head of professional liability and cyber for U.S. national accounts, leading a team of underwriters who serve Zurich’s …
POSTED APRIL 25, 2024 11:44 AM |
Global Insurers’ Climate Alliance Relaunches After Member Exodus A global insurance coalition intended to help curb the sector’s greenhouse gas emissions has relaunched with a new name and weaker membership requirements in response to companies fleeing over allegations of collusion by Republican politicians in the United States. The …
POSTED APRIL 25, 2024 9:50 AM |
People Moves: Lockton Promotes 2 in Crisis Management Team, Announces Changes in Norway Leadership Lockton, the independent insurance broker, announced two key senior promotions within its Crisis Management team in London. Helen Sandford has been appointed as head of Special Crime, and Freddie Schlesinger has been appointed head of Product Recall and Reputational Risk, …
POSTED APRIL 25, 2024 9:35 AM |
Markets/Coverages: Ariel Re and Hiscox Re & ILS Launch Cyber Catastrophe Consortium Re/insurer Ariel Re and Hiscox Re & ILS, the reinsurance and insurance linked securities arm of insurer Hiscox, announced the launch of CyberShock, a cyber catastrophe consortium. The CyberShock consortium is designed to offer up to US$50 million of per-program …
POSTED APRIL 25, 2024 8:23 AM |
Citi’s CEO Fraser Wary of Insurance Giants’ Role in Private Credit Citigroup Inc. Chief Executive Officer Jane Fraser warned that there’s a risk to the growing number of insurers piling funds into direct lending opportunities. It’s one of many risks tied to the rise of the private credit industry that Fraser’s …
POSTED APRIL 25, 2024 7:50 AM |
Fosun’s Fidelidade Says It Plans to Carry Out an IPO in 2025 Fidelidade-Companhia de Seguros SA, a Portuguese insurer controlled by China’s Fosun International Ltd., said it’s planning to carry out an initial public offering in 2025. That share sale would take place after Fidelidade completes a planned IPO of hospital operator …
POSTED APRIL 25, 2024 7:32 AM |
South Africa Advised by World Bank on Climate Insurance, Contingency Fund Options The World Bank is advising South Africa’s National Treasury on a climate risk strategy after floods in recent years caused billions of dollars of damage. The country may take out climate insurance or establish a contingency fund to deal with …
POSTED APRIL 25, 2024 7:17 AM |
People Moves: Morisato joins Sentry Board of Directors Susan Morisato has joined Sentry’s Board of Directors. Sentry is headquartered in Steven’s Point, Wisconsin. Morisato, based in Des Plaines, Illinois, brings over 30 years of health insurance experience to Sentry’s board. She is a former president of insurance solutions …
POSTED APRIL 25, 2024 7:00 AM |
SageSure and SURE Close $130 Million Gateway Re 2024-2 Catastrophe Bond SageSure, a managing general underwriter focused on catastrophe-exposed markets, and SureChoice Underwriters Reciprocal Exchange (“SURE”), a policyholder-owned reciprocal exchange, announced the close of the Gateway Re 2024-2 second and subsequent event catastrophe bond at $130 million, with pricing 75 basis …
POSTED APRIL 25, 2024 7:00 AM |
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