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“Since the Lloyd’s ‘silent cyber’ mandate, insurers have been required to clearly state whether cyber risk is covered or excluded,” he said. “In practice, this has led to wide-scale application of cyber exclusions across hull, cargo, and non-International Group mutual P&I policies, regardless of format. That means many marine operators today are unknowingly exposed.”
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[ad_1] In Q2, Voya Financial and Blue Owl Capital launched a partnership to develop private markets products for defined contribution plans, while Manulife announced an agreement to acquire 75% of Comvest Credit Partners, expanding its private credit capabilities by $14.7 billion. These moves follow earlier collaborations between insurers and investment managers, reflecting the convergence of…
[ad_1] From legacy processes to digital workflows Traditionally, underwriting commercial auto risk meant hours spent gathering driver records, vehicle histories, safety scores, and financial statements, often via fax or email. Applications could take days, even weeks, to process. In a market where customers demand instant quotes and rapid bind-to-issuance, legacy processes fall short. [ad_2] Source…
[ad_1] Equitable Holdings acquires 19.8 million AllianceBernstein units [ad_2] Source link
[ad_1] Zurich’s business updates for Q1 The Retail segment also reported a rise in gross written premiums of 11% in US dollars. Rate changes of 5% in the first quarter, coupled with pricing adjustments in motor and property lines, along with the integration of AIG’s global personal travel insurance and assistance business, supported the increase….
[ad_1] The foundation will operate as a separate entity, with its board of directors and officers responsible for overseeing charitable strategy, funding decisions, and investment management. It will consolidate much of the company’s existing charitable activity, previously managed through the Erie Giving Network. [ad_2] Source link
[ad_1] The request, submitted in February by the North Carolina Rate Bureau, was initially denied by Causey, continuing his long-standing practice of rejecting initial rate hike proposals. The North Carolina Department of Insurance confirmed the hearing timeline in a recent statement. [ad_2] Source link
