Robert Bisset, CEO, North America, Lockton Re, said, “Agentforce...
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Aon announces first stablecoin insurance premium payment
Led by Aon's digital asset practice, this initiative builds on...
US’s DFC announces $20B plan for Maritime Reinsurance in the Gulf
Working alongside CENTCOM, DFC coverage will offer a level of...
Ardonagh continues expansion in Asia, acquiers Hong Kong’s Risk Management Insurance Brokerage
Founded in 1996, RMIB has built a business in Hong Kong, advising clients across Employee Benefits,Property & Casualty, transport-related risks, and niche international programmes London:The Ardonagh Group, one of the world’s leading independent insurance...
Rising civil unrest pushes up SRCC(strikes, riots and civil commotion) claims globally
Claims tied to SRCC — strikes, riots and civil commotion — are emerging as a growing headache for insurers as episodes of unrest increasingly lead to the destruction of property in Western democracies.Howden Re estimates that insured losses related to SRCC soared from...
Spain’s Map Re receives approval for its branch office in India’s GIFT City
“The authorization to operate in India means we’ll be even closer to our clients and that we’ll also be able to leverage our technical knowledge and underwriting capacity in a market with high development potential,” stated Miguel Rosa, CEO of Mapfre Re Mumbai/GIFT...
China charges former AstraZeneca regional head with “unlawful collection of personal information and medical insurance fraud”
a former executive vice president and a former senior employee of AstraZeneca charged with “unlawful collection of personal information, illegal trade and medical insurance fraud,” the company said on Tuesday. China has officially charged AstraZeneca’s former regional...
BMW recalls hundreds of thousands of cars due to a potential fire hazard
BMW said that product inspections and customer complaints revealed that the starter motor in the identified vehicles could be defective, with an increase in wear and tear in the magnetic switch after a high number of starts, making it potentially harder or impossible...
Aon appoints Joe Peiser as CEO of Risk Capital
Peiser's appointment reflects Aon's broader strategy to strengthen how the firm helps clients navigate increasing volatility by connecting risk with the most efficient forms of capital. DUBLIN: Aon plc, second largest international re/insurance broker today announced...
South Korea crypto exchange Bithumb says system flaws led to $40 billion error
The country’s second-largest virtual asset exchange said it accidentally gave away about 620,000 bitcoins to customers during a promotional event, instead of 620,000 won ($426), triggering a 17% slump in bitcoin’s price. South Korea’s Bithumb said on Wednesday that...
Singapore’s 4 telecom companies targeted by cyber espionage group
Google-owned cyber security firm Mandiant has described UNC3886 as a “China-nexus espionage group” that has attacked defense, technology and telecommunications organizations in the United States and Asia. Singapore:Singapore’s four telecom companies, Singtel, StarHub,...
US insurance broker stocks pummeled on AI disruption fear
Insurify’s app uses ChatGPT to compare auto insurance rates using details about the vehicle, the client’s credit history, driving record and other inputs. The company said the app launched on Feb. 3. US insurance broker stocks were pummeled Monday as the launch of an...
Aon and KNIAZHA VIENNA INSURANCE GROUP announce new $25M war-risk insurance facility with US’s IDFC
Greg Case, president and CEO of Aon The facility, which will provide reinsurance coverage from DFC on a portfolio of war risk insurance policies up to $100 million, will enable KNIAZHA VIG to deliver comprehensive, innovative war-risk insurance solutions to SMEs and...