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Tokio Marine Holdings Inc., Japan’s largest property and casualty insurer, is eyeing more than $10 billion in acquisitions to supercharge its global growth, according to Brad Irick, co-head of the company’s international operations.
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For the second year in a row, Brightway Insurance in Ponte Vedra Beach, Florida, has earned a spot as a finalist on Insurance Journal’s Best Agencies to Work For – Southeast list.
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Top executives at large firms are under pressure from a well-known ransomware gang that says it hacked into Oracle’s popular E-Business Suite and made off with their data, sources told Google’s cybersecurity team.
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A hacker infiltrated the Federal Emergency Management Agency’s networks for months earlier this year, stealing sensitive data on FEMA and U.S. Customs and Border Protection employees, according to an incident report.
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For decades, insurers have leaned on spreadsheets and aging legacy systems to handle one of their most vital tasks: pricing. But as market forces evolve and competitive pressures mount, those once-trusted tools are proving obsolete.
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The U.S. Securities and Exchange Commission alleges that a firm which scooped up struggling retail names like RadioShack and Pier 1 Imports—touting lofty e-commerce ambitions and outsized investor returns—was in fact running a Ponzi-style scheme.
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China’s massive electric-vehicle insurance market is reeling, with losses mounting as insurers’ risk models struggle to keep pace with shifting vehicle economics and changing driver habits.
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ACE American Insurance Co. has filed a lawsuit to recoup the $500,000 it paid after a ransomware attack on a staffing company, arguing that the cloud-computing and cybersecurity firms hired by its policyholder—not the insurer—should be held liable for the loss due to their alleged negligence.
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Marsh McLennan, which mourned the loss of 358 employees in the September 11, 2001 World Trade Center attacks, sent a powerful message in Washington today. Michelle Sartain, a 28-year veteran of the firm, urged lawmakers to renew the Terrorism Risk Insurance Act, underscoring the enduring need for protection against catastrophic threats.
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Western insurers on Tuesday suffered a setback in London as the High Court rejected their attempt to appeal a ruling that grants aircraft lessors more than $1 billion from war-risk insurance policies, compensating for jets stranded in Russia since the invasion of Ukraine.
Tokio Marine Holdings Inc., Japan’s largest property and casualty insurer, is eyeing more than $10 billion in acquisitions to supercharge its global growth, according to Brad Irick, co-head of the company’s international operations.
