For example, a senior care facility in Tifton, Georgia, located within the 20-mile radius coverage area for Helene, had a $65,000 insurance limit. Under its policy, the facility received a 70% payout, totaling $45,500 to address immediate needs while awaiting other traditional coverage to begin.
“So, first and foremost, they should invest into cyber security and into understanding their exposures,” he advised SMEs. “Otherwise, we can’t get to that next level of resilience we all aspire to. Education is key. And, for us, we also look to ourselves as reinsurers and at the important role we have to play, not … Read more
Swiss Re Institute chief stresses proactivity in “age of polycrisis”
“In this volatile environment, diplomacy becomes crucial,” Friday said. “Where politics impede high-level dialogue, strong working-level relationships across agencies and borders will be key to de-escalating tension. At the organizational level, investing in data and predictive analytics will equip governments to better anticipate and prepare for disruption.”
Hancock will continue to lead the International Commercial Insurance business and will also assume oversight of the newly created Global Personal Insurance business. This unit combines the company’s Global Accident & Health (A&H), Personal Home and Auto, Global Warranty & services, and High-Net-Worth businesses.
The company posted double-digit increases in commissions, fees, and adjusted earnings
“We positioned our investment portfolio well for changes in the environment, which resulted in robust growth in net investment income from our fixed-maturity portfolio and a strong contribution to total return from net unrealized gains on our equity portfolio,” the company said in a statement. “Current reinvestment rates continue to exceed our annual book yield, … Read more
Since its founding in 2013, Hedgehog Risk has been a leading underwriter in London for contractual bonus and prize indemnity business. The firm works with sponsors, teams, and agencies to structure and insure performance bonus incentives in player/team contracts, protect performance-linked revenues, and provide coverage for promotions tied to sporting events. It operates internationally to … Read more
Since its founding in 2011, World Insurance said it has completed more than 250 acquisitions. The company provides services for various sectors, including personal and commercial insurance, employee and executive benefits, retirement planning and financial planning, as well as human capital management solutions.
Since its founding in 2011, World Insurance said it has completed more than 250 acquisitions. The company provides services for various sectors, including personal and commercial insurance, employee and executive benefits, retirement planning and financial planning, as well as human capital management solutions.