News

Insurance

California rejigs FAIR Plan, caps insurer cat liability, extends limits

Member insurers will be on the hook for half the bill up to $2bn after FAIR depleted.   29 July 2024

Insurance

New professional indemnity MGA attracts RSA senior underwriter

It says the appointee is ‘a proven force in the Lloyd’s and London insurance market’.   29 July 2024

Reinsurance

Munich Re enjoys upgrade, ‘well with peers’ on profit, better in diversification

S&P says Beryl, CrowdStrike, Baltimore losses likely within Munich Re’s loss budget.   26 July 2024

Insurance

AXA XL creates dedicated middle market and wholesale cyber insurance teams

The new teams will join its complex and large commercial cyber divisions.   26 July 2024

Insurance

Commercial rates remain volatile; most Q2 gains at cycle highs: Ivans

Umbrella is a rising line to watch after May spike; commercial property returns in June.   26 July 2024

Insurance

Liberty Mutual CFO to depart after 30 years; replacement revealed

New CFO to assume the role from January 2025.   26 July 2024

Insurance

Vantage bolsters underwriting & pricing portfolios with new leadership

The appointees boast pedigree from AXA XL and Berkshire Hathaway.   26 July 2024

Insurance

AIG and Ryan Specialty strike excess & surplus lines deal

Peter Zaffino said the deal is a major milestone for AIG and its MGU Private Client Select.   26 July 2024

Risk Management

Hampden at Lloyd’s boosts underwriting capabilities with QBE hire

The new hire held underwriting roles at AIG and QBE.   26 July 2024

Insurance

Twelve Capital and Securis to merge creating ~$8bn global ILS powerhouse

Securis CEO to exit upon deal’s completion; new leadership revealed.   25 July 2024

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