Global Risk Manager
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May 9, 2024
WTW increases global cyber facility capacity and widens coverage
WTW has increased the capacity of its global cyber facility by 50% and broadened coverage following feedback from clients. Capacity…
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May 8, 2024
Baltimore bridge supply chain insurance losses likely
The collapse of the Francis Scott Key Bridge in Baltimore in March could well result in supply chain-related losses under…
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May 8, 2024
Ardonagh to acquire PSC Insurance in Australia
The Ardonagh Group is to acquire Australian-headquartered PSC Insurance Group in a A$2.3bn deal. The move will see PSC’s Australia…
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May 8, 2024
New cyber insurance endorsement from AXA XL in US
AXA XL has introduced a new cyber insurance endorsement to help public companies address the costs associated with updated US…
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May 8, 2024
New terrorism facility launched by Evolin Broking, backed by Chaucer
A new terrorism facility, underwritten at Lloyd’s, has been launched by London market wholesale broker Evolin Broking. The new facility,…
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May 8, 2024
Analysis shows ‘social inflation’ hitting policyholders and insurers: Rims Riskworld
Increased court awards and settlements are hitting insurers’ loss costs and may force risk managers to buy higher limits, according…
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May 8, 2024
Chubb’s Greenberg calls for prolonged tort reform campaign: Rims Riskworld
Insurers and policyholders must adapt to sustained higher levels of economic inflation and “social inflation”, Evan Greenberg, chairman and CEO…
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May 8, 2024
Howden sees continuation of soft market for M&A insurance
This year is expected to see a measured increase in M&A volumes, but at a level that will maintain high…
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May 8, 2024
Thai Covid policyholders offered deal by regulator
The General Insurance Fund (GIF) of Thailand is reportedly presenting policyholders who have Covid-19-related loss claims with a choice of…
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May 7, 2024
Hong Kong IA welcomes World Bank Jamaica ILS deal
The Hong Kong Insurance Authority (IA) has welcomed the World Bank’s second issuance and listing of catastrophe bond in Hong…
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May 7, 2024
New director and group head of international at GBN Worldwide Risk Solutions
Houssam Yehya has been appointed director and group head of international at GBN Worldwide Risk Solutions. Yehya will be responsible…
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May 7, 2024
MGA Casper Specialty UK adds Chaucer and TMK as capacity providers
Specialist casualty-focused MGA Casper Specialty UK has announced two new capacity providers as it enters its second year of trading.…
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May 7, 2024
New head of Generali Global Corporate & Commercial Mediterranean & Latin America
Patricia Puerta has been appointed as the new head of Generali Global Corporate & Commercial (GC&C) Mediterranean & Latin America.…
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May 7, 2024
Global market flattens out in Q1 as property sees first decreases: Aon
Pricing in the global insurance market finally flattened out in Q1 after a prolonged hardening period, with property buyers beginning…
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May 7, 2024
Property rates stabilising but casualty rising says Ryan Specialty as Q1 revenue jumps 20%
Ryan Specialty reported $552m in revenue for the first quarter, a 20.6% increase over the same period last year, as…
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May 7, 2024
CNA reports record Q1 core income
CNA Financial posted record first-quarter core income of $355m, citing strong underwriting performance. The US-based P&C insurer reported that core…
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May 5, 2024
Everest continues insurance expansion despite ‘prudent’ approach
Bermuda-based Everest Group has revealed further strong expansion into the global primary insurance segment, with an increase of 9.8% in…
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May 3, 2024
AXA P&C increases premiums by 7% as rates rise at AXA XL
AXA saw its P&C commercial lines premium rise 7% to €12.1bn in Q1, with prices still increasing at AXA XL.…
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May 3, 2024
Hong Kong and Shanghai to cooperate on captives and ILS
The Chinese government has reportedly said that an agreement has been signed that includes plans for greater co-operation between Hong…
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May 3, 2024
US insurers expected to increase casualty pricing as social inflation rises
Rising social inflation in the US is expected to see insurers raise prices, particularly in commercial auto and general liability…