Insurance market finally shows signs of hardening but European P&C relatively flat

Insurance market finally shows signs of hardening but European P&C relatively flat

Insurance market finally shows signs of hardening but European P&C relatively flat

The commercial insurance market is finally showings signs of hardening, as nat cat risks, a growing number of specialty lines and those with bad loss-history experience rate increases at renewal, risk managers and brokers have told Commercial Risk Europe. However, the market for standard P&C risks remains competitive in Europe, with buyers still able to secure similar terms and prices at renewals…

UK and Ireland leaders named for Marsh JLT Specialty

UK and Ireland leaders named for Marsh JLT Specialty

UK and Ireland leaders named for Marsh JLT Specialty

Marsh has named key UK leaders of its future Marsh JLT Specialty business, which will be formed when Marsh & McLennan Companies acquires JLT. Along with a raft of other global and European appointments, Marsh announced earlier this week that Chris Lay will remain CEO of Marsh UK and Ireland, while Paul Moody will become head of Marsh-JLT Specialty for…

Willis Towers Watson launches cyber airport policy

Willis Towers Watson launches cyber airport policy

Willis Towers Watson launches cyber airport policy

Willis Towers Watson has launched a cyber policy for airports that addresses the increasing threat of digital risk for the industry. CyFly is specifically designed to cover cyber exposures facing the world’s airports. It includes business interruption from third-party outages such as air navigation service providers and hangar operators. The policy will also cover system failure business interruption from unplanned…

Marsh announces plans for new Marsh-JLT Specialty unit

Marsh announces plans for new Marsh-JLT Specialty unit

Marsh announces plans for new Marsh-JLT Specialty unit

Marsh has announced it will create a new specialty unit following the acquisition of JLT. Marsh-JLT Specialty will combine the specialty teams of both businesses when the deal closes, although notably it will retain the JLT name and key JLT executives will head up the new business…

North American liability rates to harden further in surprise turn of market: Willis

North American liability rates to harden further in surprise turn of market: Willis

North American liability rates to harden further in surprise turn of market: Willis

Insurance buyers in North America will pay higher commercial insurance rates next year with some lines reaching double-digit increases, according to Willis Towers Watson’s Marketplace Realities 2019 report. Willis says hype about property rate increases following heavy catastrophe losses in 2017 masked where the real increases have pushed through – casualty and professional liability lines…

Airport industry forms new risk group

Airport industry forms new risk group

Airport industry forms new risk group

The airport industry has formed a new Airport Risk Community (ARC) group to share knowledge and insight on emerging risks. Launched by Willis Towers Watson at an airport risk event in The Netherlands, ARC will provide data and research on managing airport risk. ARC said it will connect professionals around the world and host events to share knowledge on common…

1 2 3 8