Liability insurance

Chubb Announces Chris Turberville as Head of Hull for Global Markets

Retrieved on: 
Wednesday, November 2, 2022
Chartered Insurance Institute, Growth, Chris, CGM, NYSE, Head, Parent, Chubb Limited, Metropolitan Cattle Market, Market, Specialty, Lloyd, Lloyd's of London, Liability insurance, Chubb, New, Shipbuilding, Insurance

LONDON, Nov. 2, 2022 /PRNewswire/ --Chubb today announced the appointment of Chris Turberville as Head of Hull for Chubb Global Markets (CGM), the company's London Market wholesale and specialty business including its Lloyd's platform.

Key Points: 
  • LONDON, Nov. 2, 2022 /PRNewswire/ --Chubb today announced the appointment of Chris Turberville as Head of Hull for Chubb Global Markets (CGM), the company's London Market wholesale and specialty business including its Lloyd's platform.
  • Chris joins Chubb from Allianz Global Corporate and Speciality where he was Head of Hull and Liability Insurance (UK) since 2012.
  • "I am delighted that we have been able to appoint Chris to this important role within our marine team at Chubb Global Markets.
  • Chris joins Chubb with a proven track record within the hull market where he is a highly experienced and respected practitioner.

AM Best Affirms Credit Ratings of European Liability Insurance for the Nuclear Industry

Retrieved on: 
Thursday, September 29, 2022
Banking, Professional Services, Insurance, Finance, Power, Liability insurance, Credit, News, Industry, AM Best, AM, Risk management, Insurance, ALL

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of European Liability Insurance for the Nuclear Industry (ELINI) (Belgium).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of European Liability Insurance for the Nuclear Industry (ELINI) (Belgium).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Colonial Surety Introduces ‘The Notary Package’ to Ensure Protection in the New Era of Tech-Driven Notary Work

Retrieved on: 
Tuesday, August 9, 2022
Professional Services, Security, Technology, Insurance, Human Resources, Software, Notary, Liability insurance, Insurance, Face, Cyber insurance, Communication, Pain, Nunziata, Professional liability insurance, O'Hara, U.S. Treasury, PLI, Professional, Paper embossing, Risk management, Colonial

Colonial’s Notary Package consists of a full term Notary Bond at $69, along with $25,000 of Errors & Omissions Insurance (E&O)--which automatically includes $25,000 of Basic Cyber Liability Insurance, for under $14 per month. Importantly, E&O protects Notaries in the face of allegations of negligence in the performance of duties. Also known as Professional Liability Insurance (PLI), E&O covers legal defense expenses, and the cost of settlements and judgments in the event of a lawsuit. “This is important because bonds do not protect notaries, only E&O Insurance does,” added Nunziata.

Key Points: 
  • The pandemic pushed Notaries to quickly shift to a new paradigm of remote notarization and online communication, said Wayne Nunziata, President at Colonial Surety.
  • Enter, The Notary Package, created to ensure all notaries can efficiently and affordably protect themselves in this new era of digitally driven Notary work.
  • Uniquely, to provide notaries with added protection and value, Colonial includes Basic Cyber Liability Insurance with the purchase of E&O Insurance.
  • Colonial Surety is licensed in every U.S. state, rated A Excellent by A.M. Best, and listed by the U.S. Treasury as an approved surety.

Diversity of Channel Options Including Embedded Insurance for P&C and L&AH is Crucial for Sustainable Growth and Exceeding Customer Expectations

Retrieved on: 
Thursday, July 21, 2022
Professional Services, Technology, Insurance, Human Resources, Finance, Software, Association, Embedded, Awareness, Consumer, PIMA, Pima Community College, Industry, Liability insurance, Research, Partnership, Solution, Marketing, Risk, Organization, P&C, Technology, Ecosystem, Risk management, Retail, Majesco Entertainment, Insurance

Since its founding, PIMA members have collaborated and partnered to put forth a broad distribution ecosystem to deliver options to customers.

Key Points: 
  • Since its founding, PIMA members have collaborated and partnered to put forth a broad distribution ecosystem to deliver options to customers.
  • The world is more interconnected than ever, and insurance must be available across a wide spectrum of distribution channel options.
  • Shifting customer expectations, changing brand loyalty and innovative products are rapidly enlarging product and distribution partner options, accelerating the use of embedded insurance.
  • More than 100 companies including the largest brokerage firms and largest insurance carriers in the world belong to PIMA.

AGIA AFFINITY RUNS THE TABLE WITH MULTIPLE MARKETING AWARDS AT 2022 PIMA INSIGHTS CONFERENCE

Retrieved on: 
Monday, July 11, 2022
Silver, Conservation, Creativity, Achievement, CEO, Branding, Market share, PIMA, Retention, Marketing, Solicitation, View, Multimedia, Awareness, Gold, Customer, Lead generation, Science, Insurance, Organization, Liability insurance, Omnichannel, Public relations

The Professional Insurance Marketing Association (PIMA) Insight Awards recognize outstanding achievement in marketing and are distributed on an annual basis.

Key Points: 
  • The Professional Insurance Marketing Association (PIMA) Insight Awards recognize outstanding achievement in marketing and are distributed on an annual basis.
  • AGIA entered submissions in five out of six categories and ran the table by receiving recognition in all categories entered.
  • The success in garnering these awards across a diverse set of categories is reflective of AGIA's expertise and discipline in multiple marketing channels.
  • In addition, AGIA won three Silver awards in the categories of Lead Generation, Solicitation for Guaranteed-Issue Product and Customer Cross-sell and Upgrade Marketing.

Germany Pet Insurance Market Segment Forecasts: Compound Annual Growth of 14.6% Forecast During 2022-2030, with Market Forecast to Reach $2.65 Billion by 2030 - ResearchAndMarkets.com

Retrieved on: 
Thursday, July 7, 2022
Professional Services, Insurance, Pets, Consumer, Insurance, USD, Adoption, COVID-19, Arthropathy, Prevalence, Awareness, Budget, Fracture, Contract, Trauma, CAGR, PETS, Dog, Health, Liability insurance, Agency, Pet, Broker, Bancassurance

The German pet insurance market size is anticipated to reach USD 2.65 billion by 2030.

Key Points: 
  • The German pet insurance market size is anticipated to reach USD 2.65 billion by 2030.
  • The market growth is attributable to the increasing prevalence of acute and chronic pet health diseases, the rising humanization of pets, and supportive government regulations.
  • The pet insurance market in Germany was valued at USD 783.47 million in 2021 and is expected to grow at a CAGR of 14.6% during the forecast period.
  • SanteVet, for instance, provides a range of pet insurance products, wherein guarantees are taken out through an insurance brokerage company, Vetassur.

CAMICO Reports Gains in Policyholders’ Surplus, Written Premium

Retrieved on: 
Wednesday, May 4, 2022
Accounting, Professional Services, Insurance, Finance, BAM, Income, Insurance, CPAS, Risk management, Asset, Professional liability insurance, District, Employment practices liability, CPA, Liability insurance, Reinsurance

CAMICO ( www.camico.com ), the nations largest CPA-owned and directed program of insurance and risk management for the accounting profession, posted total policyholders surplus of more than $46 million and gross written premium of more than $65 million for the year ended December 31, 2021.

Key Points: 
  • CAMICO ( www.camico.com ), the nations largest CPA-owned and directed program of insurance and risk management for the accounting profession, posted total policyholders surplus of more than $46 million and gross written premium of more than $65 million for the year ended December 31, 2021.
  • CAMICO has continued to strengthen its key financial indicators with policyholders surplus up from $45 million (posted for 2020) and a topline increase in gross written premium in 2021.
  • CAMICO also posted an increase in Net Investment Income and Total Assets.
  • CAMICO provides Professional Liability Insurance, Employment Practices Liability Insurance, and other insurance products needed by CPA firms.

Global Commercial Insurance Market (2022 to 2027) - Featuring Allianz, Willis Towers Watson and Nationwide Among Others - ResearchAndMarkets.com

Retrieved on: 
Friday, April 22, 2022
Insurance, Professional Services, COVID-19, Competitive analysis, Marine insurance, Observation, National Association of Registered Agents and Brokers Reform Act of 2013, Construction, Porter's five forces analysis, Automatic, CAGR, Growth, Telecom, Broker, Agent, Geography, Liability insurance, Impact, Commercial, Investment, Emotion, USD, Industry, Ansoff Matrix, Retail, Risk management, Others, Health care

The Global Commercial Insurance Market is estimated to be USD 709.9 Bn in 2022 and is expected to reach USD 1147.46 Bn by 2027, growing at a CAGR of 10.08%.

Key Points: 
  • The Global Commercial Insurance Market is estimated to be USD 709.9 Bn in 2022 and is expected to reach USD 1147.46 Bn by 2027, growing at a CAGR of 10.08%.
  • Market dynamics are forces that impact the prices and behaviors of the Global Commercial Insurance Market stakeholders.
  • The report offers a comprehensive evaluation of the Global Commercial Insurance Market.
  • Type, the market is classified into Commercial motor insurance, Commercial property Insurance, Liability Insurance, Marine Insurance, and Others.

New Report Details Business Insurance Costs and Decisions During Unprecedented Growth Period for Startups

Retrieved on: 
Thursday, April 21, 2022
Software, Technology, Professional Services, Insurance, Annual report, Tech, Fear, Professional liability insurance, Workplace, VC, Cyber, Employment, Financial technology, Miller, Intellectual property, Growth, Technology, Insurance, Liability insurance, Environment, Director, D&O, Employment practices liability, Risk, D, Video game, Risk management, Cryptocurrency, Crunchbase, Index

The new report, titled 2nd Annual Embroker Vertical Insurance Index: Startup Snapshot , documents the corresponding fluctuations in average premiums, limits and retentions for different lines of business insurance as VC-backed startups grow in revenue, headcount and funding.

Key Points: 
  • The new report, titled 2nd Annual Embroker Vertical Insurance Index: Startup Snapshot , documents the corresponding fluctuations in average premiums, limits and retentions for different lines of business insurance as VC-backed startups grow in revenue, headcount and funding.
  • The data included in the report represent actual purchase decisions made by startups, providing a valuable, historical snapshot of business insurance trends from 2020 to 2021; not just mitigating risk, but guiding business decisions.
  • The intersection of this unprecedented growth in funding and increase in business risk heightens the level of responsibility for startups to protect their business, investors, employees and intellectual property.
  • To learn more about the specific needs and costs of insurance for technology startups, download our 2nd annual report and visit Embroker.com.

AM Best Affirms Credit Ratings of Sun Life Financial Inc. and Its Subsidiaries

Retrieved on: 
Friday, January 28, 2022
Banking, Professional Services, Insurance, Finance, Good, MI, Insurance, 10R, SLF, Credit, Long-Term Capital Management, Sun Life Financial, Liability insurance, CAD, Environment, La règle de non-cumul, COVID-19, Superior, DE, ERM, Sun, FSR, News, Time, Investment, Industry, AM Best, NYSE, ALL, Data, AM, Risk management, Bank, Public utility, Security (finance), Medical device, Airline, Life insurance, Independence

Concurrently, AM Best has affirmed the Long-Term ICR of a (Excellent) and the existing Long-Term Issue Credit Ratings (Long-Term IR) of SLF.

Key Points: 
  • Concurrently, AM Best has affirmed the Long-Term ICR of a (Excellent) and the existing Long-Term Issue Credit Ratings (Long-Term IR) of SLF.
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .