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Hurricane Helene Insured Loss Estimates Inch Higher as Scope of Damages Becomes Clearer

Insured loss estimates for Hurricane Helene edged higher as the scope of damages started to come into focus, with Gallagher Re setting a high end of $10 billion — cautioning that it was subject to ...

Sat Oct 5, 2024 00:00
New York Life Names Two Leaders to AI & Data Team

New York Life has hired Vikas Sharma as chief data officer and Achuth Rao as head of artificial intelligence & data product management. They will collaborate closely with Alain Biem, chief data ...

Fri Oct 4, 2024 23:31
Aon Names Global Vice Chair of Reinsurance and CEO of Aon Securities

Aon plc has named Paul Schultz as global vice chair of reinsurance solutions and Richard Pennay as chief executive officer of Aon Securities. In his new role, Schultz will work with Andy Marcell, ...

Fri Oct 4, 2024 23:31
Best's News: Cyber Panel Warns of Longer-Tail Cyber Claims as Business Interruption Risks Grow

A panel gathered by AM Best TV at the WSIA Annual Marketplace in San Diego said a shift toward longer-tail claims represents a change in the cyber insurance landscape to which the industry is still ...

Fri Oct 4, 2024 23:31
Tech Panel: AI Will Displace Jobs but Also Create Opportunities for Upskilling

A panel of insurance technologists gathered by AM Best TV at the WSIA Annual Marketplace in San Diego said workers whose roles are being changed or eliminated by technology could be retrained and ...

Fri Oct 4, 2024 23:01
AM Best Affirms Performance Assessment of Excess Reinsurance Underwriters Inc.

AM Best has affirmed the Performance Assessment of PA-2 (Excellent) of Excess Reinsurance Underwriters Inc. (Excess Re) (Woodbury, NJ). The outlook of the Performance Assessment (assessment) is ...

Fri Oct 4, 2024 22:00

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