GRM Insurance
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January 15, 2024
Directors to face range of threats in 2024
Directors are predicted to face a range of threats in 2024, including litigation over insufficient climate change action, regulatory enforcement…
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January 15, 2024
New class underwriter for energy and liability at Dale
Andrew Carter has been appointed as class underwriter, energy and liability insurance at Dale Underwriting Partners (DUP), the trading name…
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January 12, 2024
Moody’s RMS estimates Japan quake losses up to $6bn
Moody’s RMS estimates that insured losses from the earthquake that struck the Noto Peninsula in Japan on 1 January will…
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January 12, 2024
Renewables manufacturers risk denial of coverage for subcontractors’ errors, lawyers warn
Renewables manufacturers and contractors have been warned that their insurance coverage is at risk if they fail to ensure sub-contractors…
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January 12, 2024
Generali to become 100% shareholder of its Chinese P&C joint venture
Generali is to acquire the remaining 51% of Generali China Insurance (GCI) for around €99m. This follows a public auction…
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January 11, 2024
Cyber war debate rumbles on as Merck settles with insurers
Merck’s settlement with its insurers early this year draws a line under NotPetya cyber insurance coverage disputes, but insurance buyers…
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January 11, 2024
Slower rate increases in US P&C but no sign of softening, says USI
Property rates in the US are expected to increase, but not at the same pace as seen in 2023, while…
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January 11, 2024
HDI Global Specialty expands in US specialty market with MGA deal
HDI Global Specialty (HGS) has acquired a majority stake in US MGA Falcon Risk Holdings. Falcon will work exclusively for…
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January 11, 2024
General liability rate hikes ease in US but auto still tough
US general and excess liability policyholders saw some slowdown in the pace of rate increases at year-end renewals, but buyers…
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January 10, 2024
US commercial property insurance rate hikes come off highs
Commercial property insurance policyholders, who have seen continued premium hikes and cuts in coverage since 2018, will likely see more…
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January 10, 2024
Lloyd’s calls for product innovation to tackle global transport supply chain risks
The majority (77%) of transport and logistics companies say they lack access to supply chain insurance solutions, according to research…
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January 10, 2024
Supply chain insurer Parsyl doubles capacity for Lloyd’s cargo consortium
Supply chain insurtech Parsyl has more than doubled capacity for its cargo consortium at Lloyd’s to $55m. The Essential Consortium,…
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January 10, 2024
Insured losses from Japanese quake estimated up to $3.3bn
Insured losses to properties from the 1 January magnitude 7.5 earthquake that struck near Japan’s town of Noto will be…
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January 10, 2024
Zurich opens 2024 global startup programme
Zurich has launched its fifth industry global startup programme, inviting new businesses from around the world to apply to its…
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January 10, 2024
Canada sees insured cat losses top C$3bn in 2023
Total insured losses for cat events across Canada in 2023 reached C$3.1bn, according to Toronto-based Catastrophe Indices and Quantification Inc.…
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January 9, 2024
Nat cat insured losses hit $95bn last year: Munich Re
Global insured losses from natural disasters reached $95bn last year, below the $105bn five-year average but above the $90bn average…
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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…