Broker's head of placement for Europe, Middle East and Africa gives his take on market trends, alternative capital, artificial intelligence… Source link
US President Donald Trump said on Sunday he had named Director of National Intelligence Jay Clayton the administration’s AI czar, tasking him with coordinating the federal government’s efforts to maintain US leadership in the technology. Trump, who has pushed to rename artificial intelligence as “super intelligence,” said Clayton would head the newly created Super Intelligence …
A Florida insurance agent faces years in prison after he pleaded guilty to fraudulently arranging more than $300,000 in premium financing for fake companies, then diverting much of the money to his personal use. Daniel Raney, 41, who managed Raney Insurance and Raney Ventures in Pensacola, was arrested in August after the premium finance company, …
Coverage will include terrorism and sabotage, malicious damage, strikes, riots and civil commotion, active assailant incidents, war perils and related… Source link
Everest Group Ltd., the Bermuda-based specialty re/insurer, announced the completion of the previously announced sale of its Canadian retail Insurance operations, to Wawanesa Mutual Insurance Co. In connection with the Everest acquisition, Wawanesa launched a unit called “WSI,” which comprise former Everest Canada operations. “The introduction of WSI marks an important moment in the Canadian …
SiriusPoint signed partnership with Eaton Gate in 2023 Source link
Houston and Dallas face more flooding rains Friday as storms continue to sweep across the eastern third of Texas, where thousands are without power and hundreds of flights were canceled Thursday. Dallas Fort Worth International Airport reported 3.47 inches (9 centimeters) of rain Thursday, the National Weather Service said. An additional 2 to 4 inches …
The Core Data Record is just the start of what brokers and carriers could be digitalising, the Data Council’s new… Source link
Advanced artificial intelligence tools may have been used in a cyberattack on South Korea’s Shinhan Bank Co. that exposed information on about 25,000 customers, Yonhap News reported, highlighting the risk of automated hacking against financial institutions. Attackers probably used sophisticated AI agents to probe for vulnerabilities and gain unauthorized access to a service used by …
Sale of portfolio to Wawanesa Mutual is part of the Bermuda-based group’s wider exit from commercial retail operations Source link
Two weeks after South Carolina’s insurance regulator took steps to place Atlantic Coast Life Insurance into rehabilitation, another state’s commissioner has suspended the company amid concerns about its finances. “In making the decision to suspend Atlantic Coast’s COA (certificate of authority), the Office determined that Atlantic Coast is impaired and that another insurance supervisory official, …