-
Reinsurance
Scor chairman Denis Kessler passes away
Scor paid tribute to its chairman Denis Kessler as news broke that the business and insurance industry veteran has passed way. Kessler died today aged 71. Scor announced the news…
-
North America
Pricing rebound in 2023 as US commercial lines harden
The US commercial lines insurance sector is seeing a 2023 rebound in pricing momentum in property lines and, to a lesser degree, in the auto segment, according to Fitch Ratings.…
-
Latin America
Goods in transit claims on increase in Costa Rica
Costa Rica is seeing an increase in claims due to theft during the transit of goods within the country, according to Globex Underwriting Services. The firm’s network partners on the…
-
Risk Management
Risk managers can dip toe in data capture water before learning to swim
Risk managers may find the journey towards capturing and harnessing the power of data daunting but have been encouraged to simply take the first step rather than being overwhelmed by…
-
People Moves
AIG’s Brossart replaces Kam as Hiscox CRO
Hiscox has named Fabrice Brossart as group chief risk officer to replace Hanna Kam, who will leave the company in July. Brossart joins Hiscox from AIG, where he was chief…
-
Association News
RIMS Riskworld event returns to Chicago for 75th anniversary
Following its 2023 Riskworld conference in Atlanta last month, US risk management association RIMS has announced it will return to Chicago for its 2025 event, which marks the organisation’s 75th…
-
CRE Insurance
Two-thirds of UK employees not offered key protection benefits
A new survey of UK businesses finds they aren’t doing enough to protect the long-term health of their employees by offering full employee benefits, according to employment consultancy Barnett Waddingham.…
-
Brokers
Brokerslink adds four new affiliates in eastern Europe
Brokerslink has added four new eastern European affiliates to extend its presence in Romania, Moldova, the Czech Republic, Slovakia, Bulgaria and Hungary. Bulgarian firm Instrade joins the broking network offering…
-
Cyber & Technology
Policy credits and broader coverage for Mosaic cyber assessments
An industry-first cyber initiative has been launched that offers broader bespoke coverage and policy credits for insureds sharing cutting-edge assessments of their cyber-risk profile. The initiative has been launched by…
-
Brokers
Reinsurance specialist joins McGill and Partners in Bermuda
Specialist (re)insurance broker McGill and Partners has expanded its team in Bermuda with the appointment of Peter Stubbings as a partner. He joins from Aon and at McGill and Partners he will…
-
Construction
Past no longer guide to the future on weather-related construction risks
Construction risk managers and their insurers can no longer rely on historical data for climate-related risk and must instead use modelling and forward-looking projections to understand the growing threat. A…
-
Cyber & Technology
Cyber rates to plateau as market reaches ‘equilibrium’, says Moody’s
Moody’s believes that cyber insurance rates will flatten or increase slightly in the near term as the market enters equilibrium after drastically improving profitability over the past few years. It…
-
RM News
Experts link mental health and stress to workplace safety
From burnout to the recently coined trend of “quiet quitting”, psychological issues in the workplace are the new slippery floor that can lead to upticks in injuries, according to health…
-
CRE People Moves
Atrium reveals Fowle will be new CEO after Chaucer exit
John Fowle, who announced his departure as CEO of Chaucer Group earlier this week, will take the helm at fellow Lloyd’s managing agency Atrium Underwriting. Current group CEO of Atrium…
-
CRE Legal Regulation
Credit Suisse secures further $200m from collapsed Greensill funds
Credit Suisse has freed up an additional $200m to return to clients of two Greensill supply chain funds. Four funds in total worth $10bn, managed by Credit Suisse Asset Management…
-
Cyber & Technology
CL0P MOVEit ransomware attack raises cybersecurity alarm
Businesses will be taking stock of their cybersecurity after a stark reminder this week of their vulnerability to an attack. Russian ransomware group CL0P said it has issued hundreds of…
-
Construction
Construction PI market still difficult but signs of stabilisation for well-managed risks
Construction professional indemnity (PI) insurance buyers that can display good risk management are seeing some market stabilisation but others still face tough conditions, said speakers at Commercial Risk’s latest conference.…
-
Construction
Lack of data on new construction technologies still hindering transfer options
New technologies and methodologies in the construction sector are proving a challenge for insurers due to a lack of data, and greater collaboration between carriers, brokers and risk managers is…
-
CRE Insurance
Net Zero Insurance Alliance drops to 14 members
The Net Zero Insurance Alliance (NZIA) has been reduced by half to just 14 members after high-profile exits from some of the largest insurers and reinsurers over the past two…
-
RM News
Australia releases first A$400m for nat cat resilience projects
Australia’s insurers said the government’s A$200m investment in almost 200 resilience and mitigation projects, which will rise to A$400m after contributions matched by states and territories, marks a “new era”…