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Asia-Pacific insurers rethink risk amid regulatory and cyber pressures
“The risk landscape for Australian insurers has never been more complex, with heightened cybersecurity threats, macroeconomic and geopolitical uncertainty, continued regulatory scrutiny from [the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA)], and the need for greater operational resilience all adding to the challenges faced by insurance CROs and boards,”…

CIECA names new board members
Mark Miller, CIO at Crash Champions, joined the company in 2022 and has over 30 years of experience in digital technology. Before his role at Crash Champions, Miller served as CTO at a national collision repair organization and Party City. Meanwhile, Pete Tagliapietra, managing director at DataTouch LLC, is a former CIECA board member with…

Litigation, cyber risks dominate D&O insurance decisions: Willis report
For the first time since 2018, civil litigation and third-party claims re-emerged among the top seven concerns, with 63% of respondents identifying them as significant D&O risks. Smaller companies, with revenues under $50 million, and mid-sized firms generating between $1 billion and $5 billion, were more likely to cite litigation as a major issue. Source…

No additional oversight needed for Georgia’s insurance affiliate agreements – commissioner
P&C insurance affiliates P&C insurers in the United States often operate through complex affiliate structures, encompassing various subsidiaries and affiliated entities which are meant to diversify risk, optimize tax strategies, and comply with state-specific regulations. Source link

Warner Pacific acquires Black, Gould & Associates
Founded in 1980 and based in Phoenix, Arizona, BGA serves more than 2,500 agents and agencies, and represents over 8,000 group insurance clients and 60,000 individual policyholders. This marks Warner Pacific’s seventh acquisition in the past year and underscores the company’s continued expansion across the US, particularly in the Southwest. Source link