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Re/insurers face $4bn hit from Baltimore bridge disaster, topping Costa Concordia claims
Insurance
Re/insurers face $4bn hit from Baltimore bridge disaster, topping Costa Concordia claims
Losses maybe ‘manageable’ but will add pressure to the marine market, analysts warn.   28 March 2024
Baltimore a ‘complex and expensive loss’, but well inside Lloyd’s budget
Insurance
Baltimore a ‘complex and expensive loss’, but well inside Lloyd’s budget
Claims ‘not outside the normal levels or expectations of what we should see in a given year’.   28 March 2024
The rise and rise of E&S—where would Florida be without it?
Insurance
The rise and rise of E&S—where would Florida be without it?
Changes in the admitted markets and Lloyd’s specifically have led to the rapid growth of the excess and surplus lines markets in the US—a phenomenon that is showing no sign of slowing, Jason Liu, chief executive of insurtech Zywave, tells Intelligent Insurer.   28 March 2024
Insurance
Lloyd’s built 2023 margin gain on distance to large loss, despite PYD
New reserves hit specialty, including more RU-UA aviation sums, plus casualty.   28 March 2024
Insurance
GIC completes acquisition of Miller
GIC has acquired Cinven’s shares in the UK broker to support its long-term strategy.   28 March 2024
Insurance
Topsail Re in joint venture with Bishop Street to drive MGA growth
Topsail Re will co-invest in Bishop Street and provide capacity to MGAs.   28 March 2024
Risk Management
WTW to assess systemic global risks from massive volcanic eruptions
The brokerage has partnered with the University of Geneva.   28 March 2024
Insurance
Baltimore bridge collapse hits P&I segment at earnings turning point
P&I clubs had hit their first technical profit since 2016/17, finally put paid to Costa Concordia.   27 March 2024
Reinsurance
Reinsurers will take bulk of P&I claim after Baltimore bridge collapse
AXA XL led the current XoL reinsurance cover for International Group of P&I Clubs.   27 March 2024
Insurance
AXA XL reveals new global chief underwriting officer for marine
He will assist with pricing, risk aggregation and global product strategy.   27 March 2024

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