Market
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Excess-of-loss cover to feature more in credit insurance
Large companies are increasingly opting for excess-of-loss credit insurance, with the trend set to grow further in the future. This…
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Rebel investors step down and prepare to battle re-election of Generali board
The rift between Italian insurance giant Generali and two of its biggest investors that are unhappy with the new strategic…
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Q4 cat losses expected to be manageable for US insurers
Fourth-quarter catastrophe losses are expected to be manageable for the US insurance industry but the impact of economic and social…
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Tysers sells UK trade credit book to Xenia
Specialist UK broker Xenia Broking Group has acquired the UK trade credit and surety business of Tysers Insurance Brokers. The…
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Business impact of Brexit muddied by pandemic: Atradius
The dual hit of Brexit and Covid-19 on businesses cannot be separated, according to trade credit insurer Atradius, with the…
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Renewable energy growth creates complex threat landscape for risk managers: WTW
Rapid growth in the renewables energy sector has landed risk managers with a full in-tray of emerging risks, according to…
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WTW launches new crisis management unit
Willis Towers Watson (WTW) has established a new crisis management unit after merging its special contingency risks and terror and…
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High inflation risks reinsurers’ credit profile: Fitch
Reinsurers’ credit positions would be “weakened” if record high inflation rates in 2021 last for two years, according to Fitch…
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New energy MGA OPEnergy begins underwriting
Specialist managing general agent (MGA) Pine Walk Capital has launched a new energy liability MGA, OPEnergy Ltd. Following regulatory approval…
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D&O rates stabilise as capacity returns: Gallagher
Buyers should see more stability of rates in the D&O liability market this year, according to broker Gallagher, after premiums…
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Insurers suffer second costliest year on record at $120bn: Munich Re
Last year saw the second highest global insured losses from natural disasters ever at $120bn, with an “exceptionally high” proportion…
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Aviation buyers can expect softer rates and even reductions in 2022, says Gallagher
High rate rises for general aviation insurance buyers have become “a thing of past” as we enter 2022, with rates…
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Colorado wildfire insured losses pegged at about $1bn
Insured losses from the Marshall fire in Colorado will be about $1bn, according to catastrophe modeller Karen Clark & Co…
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CFC merges medical malpractice and healthcare teams into new London market unit
Specialty insurer CFC is merging its UK and international e-health, medical malpractice and allied health teams into a single healthcare…
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European property buyers suffer as reinsurance rate increases vary widely at year-end: Gallagher Re
Property reinsurance renewal rate increases varied widely at 1 January from the low to upper double digits, while casualty rates…
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Berenberg expects market hardening to slow this year
Analyst Berenberg said the reinsurance market will continue to harden this year after rate increases at 1 January, but expects…
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Global reinsurance cat rates up 10.8% at January renewals: Guy Carp
Global property catastrophe reinsurance rates increased 10.8% at 1 January 2022 renewals, according to Guy Carpenter. It added that reinsurance…
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Ardonagh buys MDS Group
Rapidly expanding broker Ardonagh Group is pushing into Europe with the acquisition of Portuguese firm MDS Group for an undisclosed…
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Lloyd’s Asia launches new renewable energy consortium
Lloyd’s has launched a new renewable energy consortium to respond to the growing needs of companies operating in the Asia-Pacific…
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Shipowners face up to 55% increase in P&I reinsurance costs
The International Group of P&I Clubs has announced large increases in reinsurance costs for P&I club members around the world,…
