News Center
News Archives - Insurance Journal
Aviva’s £3.7 Billion Direct Line Deal Faces UK Merger Review
Aviva Plc faces a review by the UK’s merger watchdog into its plan to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($4.9 billion) in a deal that would create the UK’s largest motor insurer. The Competition and …
POSTED MAY 14, 2025 9:17 AM |
Markets/Coverages: Markel Launches Affirmative Cyber Product for Collateral War Cover
Markel Insurance, the insurance operations within Markel Group Inc., launched a specialist cyber product to provide up to US$5 million of cover per risk for indirect losses arising from an act of war. Cyber risks are a significant concern for …
POSTED MAY 14, 2025 8:59 AM |
As Execs Eye AI for Fraud Detection, Deloitte Predicts Billions in Savings
By implementing AI-driven technologies across the claims life cycle and integrating real-time analysis, P/C insurers could reduce fraudulent claims and save between $80 billion and $160 billion by 2032.
POSTED MAY 14, 2025 7:46 AM |
Conduit Re Names Eckert as CEO
CHL, the ultimate parent company of Conduit Re, a multi-line Bermuda-based reinsurer, announced the appointment of Neil Eckert as chief executive officer. Eckert has been acting as Conduit’s interim CEO since late March 2025, following the retirement of Trevor Carvey. …
POSTED MAY 14, 2025 6:39 AM |
UK Watchdog Set to Ease Insurance Rules for Large Companies
The UK markets watchdog is planning to pare its rules on how insurers can sell policies to large companies, the latest signal regulators are pivoting to a more pragmatic stance that leans heavily into the government’s growth agenda. The changes …
POSTED MAY 14, 2025 6:06 AM |
People Moves: Zurich Gets Himes From Chubb To Lead Underwriting for US Mid Market
Bennett Himes joined Zurich North America, headquartered in Schaumburg, Illinois, as the new head of underwriting for U.S. middle market. Himes oversees the overall portfolio strategy and maintaining the underwriting integrity of Zurich’s U.S. Middle Market business. He succeeds John …
POSTED MAY 14, 2025 5:11 AM |
South Africa’s Tiger Brands Offers Settlement to Plaintiffs in Listeriosis Class Action
Tiger Brands, South Africa’s biggest food producer, on Monday [May 12] offered to compensate listeriosis victims, marking a major step toward resolving class action after a 2017 outbreak that killed about 200 people and sickened more than 1,000. The offer …
POSTED MAY 14, 2025 5:10 AM |
State AI Regulation Ban Tucked Into Republican Tax, Fiscal Bill
A powerful House committee has tucked language preventing states from regulating artificial intelligence into President Donald Trump’s massive tax and spending bill, a move that would benefit many of the US’s largest tech and AI companies. OpenAI, Meta Platforms Inc., …
POSTED MAY 14, 2025 5:01 AM |
Ice Cream Sandwich Maker Blames Agent for Lack of Recall Insurance After $4.5M Loss
The maker of Chipwich ice cream sandwiches is suing its insurance broker alleging the agency was negligent in failing to properly secure product recall insurance that would have helped it deal with what it claims is a $4.5 million loss …
POSTED MAY 14, 2025 5:00 AM |
People Moves: The Buckner Company Appoints Kettler as President
The Buckner Company appointed Joshua Kettler as president, effective June 2. Kettler has experience spanning strategy, operations and executive advisory roles. He worked at Patagonia, where he was a partner to the head of global sales and customer experience. Most …
POSTED MAY 14, 2025 5:00 AM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does One Choice Insurance confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|