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Category: Insurance Journal

People Moves: MMG Adds Clukey; Carl Joins Alliant in Philadelphia
Insurance Journal | August 30, 2023
People Moves: MMG Adds Clukey; Carl Joins Alliant in Philadelphia
MMG Hires Clukey as Vice President of People & Engagement/HR MMG Insurance Company, headquartered in Presque Isle, Maine, hired Julia Clukey as vice president of people and engagement/HR. Clukey’s experience includes leadership positions at General Electric, and WEX as well …
Warren Buffett’s Bet on Mild Florida Storm Season Faces Test With Hurricane Idalia
Insurance Journal | August 30, 2023
Warren Buffett’s Bet on Mild Florida Storm Season Faces Test With Hurricane Idalia
Berkshire Hathaway Inc. bet big earlier this year that Florida’s reinsurance market would deliver huge premiums with minimal losses. Hurricane Idalia is about to offer a test of that calculus, with months of potential storms left this season. Warren Buffett’s …
What Is it About Named Storms That Start with the Letter ‘I’ ?
Insurance Journal | August 30, 2023
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 …
The U.S. Cyber Trust Mark and the Power of Collaboration
Insurance Journal | August 30, 2023
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 …
What Caused Closure of Toyota’s 14 Assembly Plants in Japan?
Insurance Journal | August 30, 2023
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 …
Super Typhoon Saola Lashes Taiwan Before Heading to Hong Kong
Insurance Journal | August 30, 2023
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 …
People Moves: Starr Names Chen CEO of Starr Singapore; Arch Re Announces 4 Executive Promotions; Fidelis MGU Boosts Underwriting Team With 6 Promotions
Insurance Journal | August 30, 2023
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 …
Dutch Insurer NN Says Extreme Weather May Make Further Premium Hikes Unavoidable
Insurance Journal | August 30, 2023
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 …
UK’s Direct Line Group Names Aviva’s Winslow as Group Chief Executive Officer
Insurance Journal | August 30, 2023
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 …
Car Premiums to Rise Again as British Insurers Feel the Heat
Insurance Journal | August 30, 2023
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, …