INSURANCE NEWS
People Moves: Conduit Hires Former Aspen Exec Dunleavy as CEO; Eckert Steps Down
Bermuda’s Conduit Holdings, the ultimate parent company of Conduit Re said Neil Eckert, its CEO and executive director will step down on Match 1, 2027. Former Aspen executive Christian Dunleavy will become the new CEO and join the board as …
Insured Loss Estimates Top $600M From Washington Fires, Testing New Commissioner
The wildfires that plagued Washington for nearly half the summer put new Insurance Commissioner Patty Kuderer and her office to a test. Kuderer has been in office for over a year-and-a-half. However, she’s relatively new considering her predecessor, Washington Commissioner …
TrueNorth Launches Property Program for Aging Community Associations and Apartments
TrueNorth Companies announced a new property program designed to help community associations and apartments owners, including affordable housing and student housing properties, secure broad coverage at a competitive price. As buildings get older, they lose access to standard insurance markets. …
People Moves: Church Mutual Names Parisi as VP – Head of Finance and FP&A
Church Mutual Insurance Company has named Ben Parisi vice president, head of finance operations and financial planning and analysis. Parisi will lead finance operations, expense management, procurement, payroll, financial planning and analysis, and management reporting. He will report to Daniel …
People Moves: Obusek Hired by Examination Resources as a Senior Manager
A longtime North Carolina insurance regulator, the woman who initially flagged billionaire Greg Lindberg’s raiding of his insurance companies’ reserves, plans to join an examination firm as a senior manager. Jackie Obusek, who spent 30 years with the North Carolina …
AI Could Pose ‘Existential’ Risk to Humanity, UN Rights Chief Warns
U.N. rights chief Volker Turk warned on Monday that artificial intelligence could pose a threat to humanity, and pledged to press AI firms to reduce risks that his office said included disruptions to services, communications and democratic systems. He called …
A $320 Million Hack Exposes the Cracks in Crypto’s Plumbing
The $320 million hack of the Bitcoin-linked Liquid Network is another dent to crypto’s reputation as the industry tries to convince banks and institutional investors that digital assets can become part of mainstream financial infrastructure. The damage extends beyond the …
Five Dead After Amazon Plane Overran Runway at Miami Airport
An Amazon cargo plane barreled off a runway at Miami International Airport on Sunday, killing at least five people and injuring five others as it struck vehicles and was engulfed in flames, authorities said. The aircraft overran the runway around …
Hurricane Lowell Brings Heavy Rains as It Passes West of Hawaii
Hurricane Lowell passed west of Hawaii, where heavy rains may cause hundreds of millions of dollars of damage. Lowell, with top winds of 105 miles (169 kilometers) per hour, edged west of Kauai but is still dropping heavy rain, as …
Boston Scientific Says Unlikely to Meet 2026 Forecast After Cyberattack Disruption
Boston Scientific said on Tuesday it no longer expects to meet its previously issued third-quarter and full-year 2026 sales and adjusted profit forecasts, after a cybersecurity incident disrupted the medical device maker’s global operations. An unauthorized activity on some of …
Markel Chairman Steve Markel to Retire, CEO Gayner Moves Into Role
Markel Group Inc. said its chairman, Steve Markel, will retire after more than 50 years with the company. He will not seek re-election to the board at the 2027 annual shareholder meeting. CEO Tom Gayner was elected chairman, effective immediately, …
Insurer FM Adds to Partnerships of Boston Teams in Tech-Facing Tomorrow Golf League
Commercial property insurer FM will serve as principal partner of the Boston Common Golf team in WTGL (Women’s Tomorrow Golf League), a new professional golf league created by TMRW Sports and the Ladies Professional Golf Association (LPGA). The partnership builds …