News

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

Antares restructures underwriting units into two divisions

It will split its underwriting into two separate divisions: retail and commercial.   5 November 2024

Technology

WTW unveils machine-led solution to enhance P&C reserving accuracy

It will create automated loss estimates in WTW’s existing loss reserving solution.   30 October 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

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

Reinsurance

Everest faces up to $400m losses from Milton, 64% rise in Q3 cats

Reinsurance operations took the bulk of the Q3 cat hit “driven primarily by several Atlantic hurricanes”.   31 October 2024

Insurance

Property rate trend reversed Q4 as storms gave pause: Ryan Specialty

CEO Turner believes the market is now in a ‘minus 5 to flat to plus 5” range.’   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

Insurance

SRG snaps up specialty broker to expand equine insurance portfolio

It has acquired a bloodstock and livestock insurance broker based in London.   30 October 2024

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