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News
Zurich ties cheaper Tesla premiums to FSD mode in Australian first
7+ hour ago (413+ words) Zurich Australia has become the first insurer in the local market – and only the second globally – to build the use of Tesla's Full Self-Driving (Supervised) technology into how it prices car insurance, arguing its own underwriting data shows the system…...
HSBC Life Singapore unveil new term life and IUL plans
3+ day, 15+ hour ago (308+ words) The term life insurance plan offers coverage terms up to age 100. HSBC Life Singapore has launched two new insurance solutions, HSBC Life Term Protect Secure and HSBC Life Diamond Prestige IUL III. These are designed to provide greater flexibility across protection…...
Ransomware group claims cyberattack on Dunedin clinical trial company
3+ day, 20+ hour ago (568+ words) A ransomware group has claimed responsibility for a cyberattack on a Dunedin clinical trial company, with large volumes of sensitive health data feared stolen and Health Minister Simeon Brown receiving regular updates on the breach. Health New Zealand (Health NZ)…...
Gibraltar and UK together account for 32 insurer failures since 2000 — PACICC
4+ day, 6+ hour ago (401+ words) The Property and Casualty Insurance Compensation Corporation, Canada's P&C guarantee fund, has published the fourth edition of its Global Failed Insurer Catalogue, recording 1,273 insurer failures worldwide across 98 countries since 2000. The United Kingdom recorded 20 of those failures, placing it 11th globally…...
Drought now a business continuity risk for inland waterway freight - TT Club
4+ day, 6+ hour ago (679+ words) Insurance Business Drought now a business continuity risk for inland waterway freight - TT Club The Rhine at its lowest since 1880, barges operating at a fraction of capacity, and nuclear reactors being shut down to conserve river cooling - TT Club's warning…...
Willis Re appoints new CEO
4+ day, 22+ hour ago (505+ words) Captive International Willis Re appoints new CEO Willis Re has announced the appointment of Neil Eckert (pictured) as chief executive. Eckert will lead Willis Re's global broking and advisory strategy, working closely with the firm's leadership team to drive growth…...
Allianz revamps wholesale and retail proposition
5+ day, 6+ hour ago (112+ words) Partners& adds Chaseside Insurance Solutions to its stable Lloyd’s H1 GWP up but profits down Tower targets £100m GWP and completes acquisition New Coversure office opens in Southwest NBS to offer cover for thatched homes Renovation Underwriting offers new route to put…...
River cruise clients need a coverage conversation before they book
5+ day, 2+ hour ago (400+ words) The scale of the disruption reflects conditions on the ground. The Danube in Romania fell to its lowest level in roughly 30 years, according to AmaWaterways, which spent the summer rerouting ships, swapping vessels, and transferring passengers by motorcoach on portions…...
‘Flight to quality’ creates opening for HDI Global’s US push: CEO
5+ day, 3+ hour ago (604+ words) HDI Global US is expanding its physical footprint, specialist underwriting capabilities and broker-facing leadership as the carrier pursues a larger share of the US commercial insurance market. New CEO Shadi Albert (pictured) said the expansion is intended to capitalize on…...
Neil Eckert to lead Willis Re after Conduit departure | Reinsurance Business
5+ day, 4+ hour ago (279+ words) Willis Re was relaunched in late 2024 as a joint venture between WTW and Bain Capital. WTW had sold its original reinsurance arm to Arthur J. Gallagher for US$3.25 billion in 2021. Growth since relaunch has been built primarily on talent. The broker…...