Market
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New cyber risks call on surplus lines carriers for coverage
Cyber insurers are tracking another shift in new and emerging risks, according to experts taking part in a panel hosted…
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Stable US commercial rates expected despite Helene: Hub
Commercial P&C rates in the US will likely be stable for the rest of this year, with declines in several…
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Stranded Russian jet leasing trial begins with settlement: Reuters
AXA is reported to have reached a settlement with aircraft lessor Dubai Aerospace Enterprise for planes and spare engines left…
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Hurricane Helene losses close to $6.4bn: KCC
Privately insured losses from Hurricane Helene, the deadly storm that caused devastating damage from Florida to the Carolinas last week,…
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CrowdStrike throws cyber market softening into doubt
Experts are divided over whether losses from the CrowdStrike outage will have a real impact on cyber insurance pricing and…
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Storm Boris to cost €1.65bn: Aon
Insured losses from flooding caused by Storm Boris in central Europe are estimated to total €1.65bn, according to analysis from…
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French mayors call for pooled insurance buying as market nears ‘collapse’
The association of French mayors (AMF) has called on its new government to take action on proposals to tackle the…
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Sompo expands marine underwriting to UK regions
Commercial P&C insurer Sompo will now underwrite marine cargo as well as transport and logistics policies across the UK for…
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Austrian insurers call for long-term nat cat solutions
The Austrian Insurance Association (VVO) estimates that flooding in Austria from storm Boris is likely to cause insured damage between…
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Hurricane Helene insured losses projected at $3bn-$6bn
Hurricane Helene is projected to cause some $3bn to $6bn of insured losses, according to Gallagher Re. Additional losses from…
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Excess and surplus lines leaders see continued expansion
Excess and surplus lines market executives expect continued premium growth in the sector even as rates ease in some lines…
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McGill and Partners expands into the Nordics with WTW hires
Broker McGill and Partners is expanding into the Nordics with a new branch office in Sweden. Initial hires will include…
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MGA launches D&O wrap to close gaps for UK corporates
UK financial lines MGA Kayzen Specialty has added a safety net wrap to its D&O liability policies, which it says…
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Miller thinks CrowdStrike likely to lead to higher cyber premiums
London market and global broker Miller told Commercial Risk that the CrowdStrike outage is likely to see cyber premiums rise…
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CFC offers E&O package cover for US manufacturers
London-based specialty insurer CFC has launched a package coverage for US manufacturers that combines errors and omissions insurance with cyber,…
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Cyber market may switch in favour of insurers early next year: Gallagher
The cyber insurance market remains competitive, with “substantial” premium savings on offer, but things may shift in favour of carriers…
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US casualty reinsurers pushing for double-digit rate hikes: Fitch
Reinsurers will be pushing for double-digit rate increases in the run-up to January’s US casualty renewals, according to Fitch Ratings.…
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Medical liability MGA Altea expands into Europe
UK medical liability MGA Altea Insurance has expanded into continental Europe after opening an office in Ireland. Altea said it…
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IUMI reveals 6% jump in global marine premiums last year
Global marine insurance premiums rose 5.9% increase to $38.9bn in 2023, with premium levels up across all lines of business,…
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Francine insured losses close to $1.5bn: KCC
Insured losses from Hurricane Francine will be close to $1.5bn, according to a report from catastrophe modeler Karen Clark &…