GRM Insurance
-
RMS says Hurricane Nicholas losses will range between $1.1bn and $2.2bn
RMS estimates that US insured losses from Hurricane Nicholas will be between $1.1bn and $2.2bn. The figures includes wind, storm…
-
Charles Taylor launches specialty lines practice
Insurance services and claims firm Charles Taylor has launched a specialty lines practice, which will be led by Laetitia Fouquet…
-
Wagstaff appointed permanent CEO of LMG
The London Market Group (LMG) has named Caroline Wagstaff as its permanent CEO, after she took over on a temporary…
-
EC aims to release insurance capital as it announces Solvency II reform
The EC has proposed changes to Solvency II that it claims will better protect insurance buyers while freeing up €90bn…
-
Hurricane Ida pushes The Hanover over Q3 cat budget
Hurricane Ida losses have pushed The Hanover Insurance Group beyond its catastrophe allowance for the third quarter. The US group…
-
MGA Volante to launch Lloyd’s syndicate in next stage of growth
MGA Volante Capital Holdings has received in-principle approval for a new Lloyd’s syndicate to open for the 2022 year of…
-
Finalists announced for European Risk Management Awards 2021
Ferma and Commercial Risk have announced the finalists for this year’s European Risk Management Awards, with the winners to be…
-
US federal judge refuses to dismiss restaurant chain’s BI Covid-19 suit
A federal US judge who had already ruled in favour of plaintiffs in at least two Covid-19 business interruption lawsuits…
-
Cost of UK D&O cover more than doubled in H1 but rises may have peaked: Marsh
UK buyers of D&O liability insurance faced a 110% jump in the cost of premiums during the first half of…
-
First-half earnings for US P&C insurers show material improvement, says Fitch
US property and casualty (P&C) insurers saw their statutory earnings materially improve in the first half of 2021, according to…
-
Howden appoints Swiss Re’s Cochrane as head of energy transformation
Howden has appointed Stanley Cochrane as head of energy transformation from Swiss Re, to help clients navigate the changing risk…
-
Sompo International buys Italian crop insurer ARA
Specialty Bermudan (re)insurer Sompo International is buying Italian agricultural insurer Assicurazioni Rischi Agricoli (ARA) 1857. ARA will become part of…
-
WTW sues Marsh over poaching 25 employees
Willis Towers Watson (WTW) has filed suit against Marsh in state court in Chicago over the poaching of 25 employees.…
-
Brit uses new algorithm to speed up Hurricane Ida claims
Brit is using a new machine learning algorithm to speed up claims following Hurricane Ida last month. The Brit claims…
-
Hiscox doesn’t have to cover legal fees in dismissed US whistleblower case
A company that faced significant legal fees stemming from a whistleblower lawsuit that was ultimately dismissed does not have coverage…
-
Hurricane Nicholas insured losses about $950m: Karen Clark
Insured losses from Hurricane Nicholas will be close to $950m, according to modelling firm Karen Clark & Co (KCC). As…
-
Insurance linked securities market looks set for another record year, says Fitch
The insurance linked securities (ILS) sector is seen as strong and viable according to Fitch Ratings, despite alternative reinsurance capital…
-
Convex gets green light for Luxembourg subsidiary to serve EEA clients
Specialty (re)insurer Convex Group has established a new European subsidiary following regulatory approval for Luxembourg-based business Convex Europe SA (CES).…
-
Lloyd’s plans to recruit a third of workers from ethnic minorities
Lloyd’s has announced plans to recruit a third of its workers from ethnic minorities to boost diversity in the market.…
-
US surplus lines market thrives in difficult market conditions
The US surplus lines market has seen the largest year-on-year premium increase for 17 years, according to AM Best. The…
