Retirees allege the agreement violated their fiduciary duties. Bristol-Myers Squibb Co is facing a class-action lawsuit over a $2 billion pension risk transfer agreement negotiated […]
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SCOR Report Explores Ideal Solvency Ratios for Insurers
What is the appropriate risk-to-capital balance? SCOR’s most recent report digs into the best solvency ratio for insurance businesses, focussing on the essential balance of […]
$144.7 Billion Forecast for Benefits Administration Market by 2028
Rising utilisation of automation and cloud solutions to support growth Technavio predicts that the global benefits administration service market would rise by $144.7 billion between […]
MAS Tightens Oversight on Reinsurance Contracts
Insurers face audits due to IAIS issues. According to industry insiders, the Monetary Authority of Singapore (MAS) is increasing its inspection of Singapore insurers, particularly […]
Aon Subsidiary Sues Chinese Lender Over Vesttoo Fraud Allegations
“The bank needs to be held responsible for the damage it has caused.” Aon subsidiary White Rock has sued China Construction Bank (CCB) for its […]
Inszone Insurance Expands Pacific Northwest Presence with Potter Acquisition
National broking snaps up. Firm in the Seattle region Inszone Insurance Services has increased its presence in Washington State with the acquisition of Potter Insurance. […]
Cyberattack Threats Escalate in Major US States
Colorado, New York, and Nevada have the most financial losses. As cybercrime evolves, businesses across the United States become increasingly vulnerable to costly cyberattacks. According […]
AM Best Reports Growing Competition in Life/Annuity Reinsurance Due to Enhanced Conditions
The industry continues to attract new investors. Higher interest rates and improving mortality trends have created more favourable conditions for life and annuity (L/A) reinsurance […]
Hub International Announces New Carolinas Region President
He will manage 13 offices and almost 340 team members. Global brokerage Hub International Limited (HUB) has named Tim Smith president and CEO of HUB […]
Research Highlights Increased Flood Risk Due to Climate Change
Claimed to be the most precise forecast to date The most precise flood risk projections to date under climate change, according to Fathom, a global […]