Insurance
What Is it About Named Storms That Start with the Letter ‘I’ ?
Floridians, Georgians and others in the path of Idalia are hoping that the hurricane won’t join the long list of destructive Atlantic Ocean storms whose names started with “I.” Since 1955, 13 Atlantic storm names beginning with “I” have been …
Read More The U.S. Cyber Trust Mark and the Power of Collaboration
As cyber threats continue to grow, guests on the latest episode of The Insuring Cyber Podcast say that collaborations between the public and private sector are becoming even more vital. “Probably the most urgent driver of cooperation is the continuously …
Read More What Caused Closure of Toyota’s 14 Assembly Plants in Japan?
Toyota Motor was ramping back production at its Japan-based factories on Wednesday after a computer system processing orders for vehicle parts broke down on Tuesday, forcing the closure of 14 assembly plants. The disruption shut down a system that is …
Read More Super Typhoon Saola Lashes Taiwan Before Heading to Hong Kong
Super Typhoon Saola pummeled the south of Taiwan early Wednesday with strong winds and heavy rain, shutting offices and canceling some flights before heading to Hong Kong. Authorities in Taiwan, where no typhoon has made landfall since 2019, closed offices …
Read More People Moves: Starr Names Chen CEO of Starr Singapore; Arch Re Announces 4 Executive Promotions; Fidelis MGU Boosts Underwriting Team With 6 Promotions
This edition of International People Moves details appointments at Starr Insurance, Arch Reinsurance and Fidelis MGU. A summary of these new hires follows here. Starr Names Chen CEO of Starr Singapore Starr Insurance announced that Sean Chen, a 14-year member …
Read More Dutch Insurer NN Says Extreme Weather May Make Further Premium Hikes Unavoidable
Dutch insurer NN Group NV may increase premiums further as extreme weather patterns become more prevalent, Chief Executive Officer David Knibbe said. While NN benefited from benign weather conditions in the first half of the year, the July storm in …
Read More UK’s Direct Line Group Names Aviva’s Winslow as Group Chief Executive Officer
UK insurer Direct Line Group announced that Adam Winslow has been appointed as chief executive officer, subject to regulatory approval. It is expected that he will take up the role in the first quarter of 2024, succeeding Jon Greenwood who …
Read More Car Premiums to Rise Again as British Insurers Feel the Heat
Motorists in Britain should brace for another year of steep insurance rises as providers confront cost pressures, industry figures have warned. Admiral Group Plc will continue increasing motor insurance prices and expects the rest of the market to follow suit, …
Read More People Moves: Cover Genius Names Rudow Chief Financial Officer
Cover Genius Names Rudow Chief Financial Officer Cover Genius, headquartered in Mumbai, India, appointed David Rudow as its new chief financial officer (CFO). Rudow has over 18 years of experience and previously served as CFO of the cloud-based technology company …
Read More Tesla Faces More Questions From Feds on Autopilot Safety
The U.S. auto safety regulator investigating Tesla’s Autopilot driver assistance system is demanding an explanation for a software change that allows drivers to keep their hands off the wheel for longer, risking collisions, documents released on Tuesday showed. The National …
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