Country: Global Page 6 / 54
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- November 29 2024
Specialty, casualty pricing needs tangible change: Lloyd’s Neal
Underwriting discipline, global scale to help industry respond to emerging risk, the CEO said speaking to the London market.
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- November 27 2024
Stress testing key to carriers’ 2025 risk assessment strategies
Regulators will no doubt be looking to test insurers and demand greater transparency on the impacts that various major and often interconnected scenarios will have, AM Best senior directors tell IAN.
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- November 22 2024
Swedish Club announces 5% general increase for 2025
The hike would apply to P&I and freight, demurrage and defence policies.
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- November 21 2024
1.1 property renewals to be stable, casualty rates may harden: AM Best
The outlook for the segment remains positive, however, adverse reserve developments weigh on the liability market.
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- November 21 2024
Aon promotes Singapore-based Magnus Roe to global chief data and analytics officer
Roe, who was global head of strategy, risk capital analytics for the broker, will integrate AI, data governance and analytics into the broker's data and analytics strategy, reporting to Aon COO Mindy Simon.
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- November 20 2024
Rokstone launches global multi-peril parametric offering with US$10m facility
The MGA has partnered with NormanMax Lloyd’s Syndicate 3939 to launch to cover earthquake, hurricane, tropical cyclone and typhoon risks, with further perils including floods set to be added next year.
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- November 20 2024
Trebling of ‘nuclear’ verdicts in US challenges liability underwriters: Allianz
Apart from social inflation, the increasing complexity of pharma class actions, PFAS litigation and the growth of collective redress outside of the US are among the other trends creating difficulties for carriers, according to the report.
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- November 19 2024
NorthStandard to implement 5% premium increase for 2025-26 renewal
The hike would apply to all P&I members, although each renewal would be agreed individually based on a review of claims and risk exposure.
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- November 18 2024
SRG taps Allianz’s Jaya Taylor as global regulatory affairs leader
Taylor joins from Allianz Global Corporate and Specialty (AGCS), where she was the global compliance officer based in London.
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- November 15 2024
UN climate alliance launches net-zero transition guide for insurers
The transition plan project presented at the 2024 UN Climate Change Conference (COP29) in Azerbaijan and includes an assessment of underwriting portfolios, value chains and actors involved in the landscape of emerging policies and regulations.
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- November 12 2024
Australian MGA Criterion expands into environmental impairment liability, D&O, casualty
The waste and recycling specialist is also planning to launch professional indemnity coverage, says underwriting director Stuart Kinsella.
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- November 11 2024
Skuld announces 5% general increase for 2025 renewal
Any adjustments to the International Group of P&I Clubs excess of loss reinsurance programme will be added separately.
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- November 8 2024
Global funding for insurtech tops US$1.38bn in Q3 driven by AI-centred deals: Gallagher Re
The number of deals struck in Q3 2024 fell to 77, the lowest in nearly four years.
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- November 7 2024
Steadfast expands into London market with US$30m Lloyd’s broker HW Wood buy
The acquisition, which is expected to be completed on December 2, gives the Australian group full ownership of the target, including its operations in France and Greece.
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- November 7 2024
Trade war fears ignite as Trump sweeps into the White House
Even if heavy tariffs are not swiftly imposed, the threat of them is likely to make Chinese-US relations a lot more uncertain in the coming years and could hamper China’s economic recovery even further.
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- November 6 2024
Dubai emerges as a key player in the growing APAC (re)insurance market
While Singapore remains a formidable player in the global insurance market, its limited proximity to MENA markets may hinder its growth compared to the emirate.
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- November 1 2024
QBE closes US$1.6bn LPT deal with RiverStone International and Enstar
The deal was effective July 1 this year and includes non-core long-tail reserves that were not subject to prior reinsurance transactions and a small number of other portfolios of various subsidiaries of the insurer, including Lloyd’s syndicates.
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- October 31 2024
AUB Group to focus on building out its UK retail capabilities in FY 2025
The Australian broking group has combined the Tysers retail arm with Movo and Momentum to form a new UK retail unit, which will be led by recently named chief executive Bob Pybus.
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- October 31 2024
Steamship sets benchmark for P&I clubs with 5% general increase for 2025 renewal
The IG P&I club has also announced a capital distribution of 12.5% of the 2024-25 mutual P&I premium to its members who renew in 2025.
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- October 25 2024
Dali owner, operator reach US$100m settlement over Baltimore bridge collapse
Singapore-based Grace Ocean and Synergy Marine, the owner and operator of the cargo ship that struck the Francis Scott Key Bridge in the US earlier this year, have agreed to pay the amount to the US federal government.
