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Court dismisses insurers’ breach claims against Blackbaud over 2020 cyberattack
[ad_1] The plaintiffs, which included Travelers and a group of insurers affiliated with Philadelphia Indemnity, reimbursed their insureds for expenses following the breach, including costs of forensic investigations, legal counsel, constituent notifications, and credit monitoring. Their insureds—more than 100 nonprofit and educational organizations across 35 states and the District of Columbia—used Blackbaud’s software to manage…

Why M&A is booming in specialty insurance
[ad_1] Farrah Ata (pictured), a property and casualty insurance broker for Willis Towers Watson’s M&A practice, has had a front-row seat to these shifts. From automated manufacturing to cyber benchmarking tools, her work reveals how insurers are building tailored verticals for risk lines that didn’t exist ten years ago – and using that infrastructure to…

Allianz names Lara Martiner head of alternative risk transfer
[ad_1] Executive change aligns with rising interest in parametric and captive products [ad_2] Source link

M&A boom drives record demand for transactional risk insurance: Marsh report
[ad_1] Transactional risk insurance saw strong uptake across technology, healthcare, and renewable energy, where dealmakers increasingly relied on coverage for tax-related exposures. Emerging markets, particularly in Latin America and Africa, also recorded increased usage, reflecting a growing insurance infrastructure supporting cross-border deals. [ad_2] Source link

Court orders Great American to cover $50 million Cobblestone claim
[ad_1] Cobblestone Lofts, facing significant liability, sought a declaration that Great American was required to provide coverage under its policy. Great American denied the claim, issuing a “direct, definitive notice” that stated “a breach of contract is not an accident and, therefore, does not constitute an ‘occurrence’ under the Primary Policy or Umbrella Policy,” and…

Marsh names Amy Barnes global head of energy & power
[ad_1] Additionally, Marsh has also announced that Andrew Herring will take on the role of global chair of energy & power, effective January 1, 2026. Herring, who joined Marsh in 2010, has led the UK energy & power team since 2012 and will continue to be based in London. [ad_2] Source link