The agreement with Hahn Insurance Agency is the latest in a series of partnerships Liberty has established to scale its platform. Earlier this year, Liberty secured an additional $100 million in funding, led by JPMorgan Chase. This financing aims to fuel mergers, acquisitions, and innovation within the company.
According to Resilience’s 2024 Cyber Risk Report, third-party related claims made up 31% of all cyber claims, with 23% of material losses linked to third-party risks. Ransomware remained a leading cause of loss, with 43% of claims involving first-party ransomware incidents. Additionally, ransomware targeting vendors emerged as a significant source of business interruption, contributing to…
Under the new agreement, Venbrook has launched its first international travel practice, which will be led by Curt Carlson as senior vice president and Eric Adair as vice president. Adair will report to Alison Myers (pictured above), executive vice president and head of retail benefits. Source link
Insurance revenue rose 11% to €48.1 billion, while operating profit (EBIT) increased to €4.9 billion from €3.1 billion in the previous year. Net income grew by 25% to €1.98 billion, exceeding the company’s original 2025 target ahead of schedule. Return on equity reached 17.9%, up from 16.6% in the year prior. Source link
According to a report from Triple-I, Louisiana ranks among the least affordable states for both home and auto insurance, despite reforms introduced in 2024. “Louisiana, with the leadership of its insurance commissioner, Tim Temple, is on a potential path to stabilizing its insurance market,” said Triple-I CEO Sean Kevelighan. “We’ve seen in other states, like…
The updated database encompasses insured property assets with a total value of US$108 trillion, spread across 67 market portfolios in 21 countries. The countries include major markets such as the United Kingdom, Germany, the United States, and Japan. For the first time, SCS-related exposures have been broken down to include both property and motor hull…
