GRM Insurance
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January 9, 2024
Guy Carp’s property cat reinsurance index up 5.4% at 1 Jan
Guy Carpenter’s Global Property Catastrophe Rate on Line (ROL) Index increased 5.4% at 1 January 2024 renewals compared to the…
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January 9, 2024
MGA Alta Signa appoints pan-European underwriting team
European MGA Alta Signa has made several new appointments to establish a pan-European underwriting team, which it said will support…
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January 9, 2024
US commercial insurance rates rise 5.6% in Q4
US commercial insurance rates rose 5.6% on average in the fourth quarter of last year and 4.6% for all of…
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January 8, 2024
D&O market to soften further in 2024
D&O rates are expected to fall further in 2024 as insurers fight over a smaller pool of premium, although an…
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January 8, 2024
Demand for sovereign debt insurance grows as costs rise: Chaucer
Rates for contract frustration insurance are on the rise as concerns grow that cash-strapped governments are increasingly at risk of…
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January 8, 2024
Merck and insurers settle dispute over 2017 NotPetya cyberattack
Merck has reportedly settled a dispute with insurers over the 2017 NotPetya cyberattack and related $1.4bn claim that insurers said…
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January 8, 2024
Cyber insurance market to expand in face of formidable threat environment, says Gallagher
The cyber insurance marketplace will continue to evolve in 2024 and reflect dynamic change as both technology and the threat…
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January 8, 2024
Insured losses from Japan earthquake pegged at $6.4bn
Karen Clark & Co (KCC) said that total insured losses from the 1 January 7.5 magnitude earthquake that struck off…
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January 5, 2024
Japan earthquake losses to be manageable by domestic insurers
Insured losses stemming from the 1 January 2024 earthquake in Japan are expected to have limited credit ratings impact on…
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January 5, 2024
US raises reinsurance cover for NFIP flooding losses by 23% for 2024
The US Federal Emergency Management Agency (FEMA) has increased traditional reinsurance cover for its National Flood Insurance Program (NFIP) in…
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January 5, 2024
Trade credit reinsurance market stable with growing capacity
The reinsurance market for trade credit has largely remained stable, with capacity increasing despite continued global economic uncertainty. Reinsurance brokers…
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January 5, 2024
Ample capacity for cyber insurance as risks improve
There is ample capacity in the cyber insurance market to meet current demand, with most insurers demonstrating increased appetite for…
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January 4, 2024
Reinsurance renewals ‘smooth’ but cost of European cat cover up: Aon
The 1 January reinsurance renewals were “relatively smooth” with overall pricing flat to slightly up, but things were tougher for…
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January 4, 2024
Japan Airlines expects $100m+ insured loss from runway crash
Japan Airlines said today it expects the total loss of its Airbus A350 on a runway at Tokyo’s Haneda Airport…
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January 4, 2024
Space risks to see decrease in capacity in 2024, says Gallagher
There is expected to be a decrease in capacity for space risks going into 2024 following significant underwriting losses in…
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January 4, 2024
BHSI adds to multinational capabilities with expanded network and platform
Berkshire Hathaway Specialty Insurance (BHSI) has expanded its partner network and its internal team of multinational experts, as part of…
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January 3, 2024
Travelers completes Corvus acquisition
Travelers has completed its previously announced acquisition of US-based cyber MGU Corvus for approximately $435m. Travelers said the deal was…
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January 3, 2024
Financial lines cover launched in Middle East by MS Amlin
Lloyd’s (re)insurer MS Amlin has launched financial lines cover in the Middle East in response to an increase in M&A…
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January 3, 2024
Health insurers dominate AM Best’s top 25 insurers ranking
US health insurer UnitedHealth Group remains the world’s largest insurance company by 2022 net premiums written (NPW), according to AM…
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January 3, 2024
Turkey earthquake biggest insured non-US nat cat loss
Last year saw seven international (non-US) nat cat events with insurance industry losses exceeding $1bn, according to CRESTA’s latest industry…