Articles

Insurance

Marsh unveils carbon credit risk facility backed by Sompo, Brit, Talbot

It aims to manage the risks associated with fake carbon credits in the UK, EU, and US.   4 November 2024

Insurance

BHSI strengthens Italy operations with AXA XL, Swiss Re hires

The appointees are expected to boost the claims function, PI and cyber business.   4 November 2024

Insurance

Hurricane Milton may cost Chubb up to $300m

The estimate included losses generated from the company's commercial and personal property/casualty insurance and reinsurance businesses.   4 November 2024

Insurance

Professional indemnity market softens ‘at greater pace’ than expected

Gallagher Specialty believes increased capacity and a desire for growth amongst insurers have fuelled competition.   4 November 2024

Insurance

Aon nabs ex-Liberty exec to lead underwriting at in-house MGA

The exec spent 12 years at Liberty and also boasts experience from Brit Insurance.   4 November 2024

Reinsurance

Liberty Mutual Re snaps up AXA parametric underwriter

The appointee has over 13 years’ experience, including time at AXA Corporate Solutions.   4 November 2024

Reinsurance

US casualty reinsurance nears tipping point on extra reserving

Lockton Re data suggests the 2020-2023 hard market block is likely to develop ‘favourably’.   4 November 2024

Insurance

European September floods could cost insurers €1.8bn: Perils

Austria, Czechia and Poland contributed to around 95% of the total industry loss.   4 November 2024

Reinsurance

Berkshire Hathaway faces losses of up to $1.5bn from Milton

Losses from Hurricane Milton followed $585m in losses from Hurricane Helene in Q3.   4 November 2024

Insurance

New hurricane likely in Gulf of Mexico; storm approaches Portugal

A new Caribbean disturbance could reach hurricane status late Tuesday, on path to Gulf of Mexico.   4 November 2024

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