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Africa: Reinsurance CEO gives his take on rate undercutting by insurers
Published on May 1, 2024
Reinsurers do not control what insurance companies do, Mr Fola Daniel, CEO of FBS Reinsurance, has said.
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Erin Osborne named Head of U.S. Excess Casualty, Ascot
May 1, 2024
Ascot Group, the global specialty insurance firm, has appointed Erin Osborne to the role of Head of U.S. Excess Casualty, where she will assume full management and leadership responsibility for the business unit.The role will also see her lead the strategic planning for future growth across the market segment.In the role, she will be based in New York, and she will continue to report to Jeff Canfi
Consumer Watchdog opposes proposal for black-box models in wildfire risk prediction
May 1, 2024
Consumer Watchdog opposes Californian Insurance Commissioner Ricardo Lara’s proposal to allow insurance companies to use black-box catastrophe models and artificial intelligence (AI) for predicting catastrophic wildfire risks, citing concerns that this approach will increase home insurance rates without transparency or accountability.These concerns were voiced during Consumer Watchdog’s testimony
