Insurance
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February 7, 2024
Public US D&O renewal rates fall heavily again in Q4
D&O insurance rates for publicly traded US companies fell by double digits in the fourth quarter of 2023, according to…
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February 7, 2024
Insured losses from Turkey earthquakes rise 26% to $6.2bn: Perils
Insured losses from the earthquakes in Turkey have risen to $6.2bn (TRY117bn, based on February 2023 exchange rates), according to…
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February 7, 2024
WTW’s revenue up 7% in 2023 as it continues specialty push
WTW said it is sharpening its strategic focus on specialty markets and has launched a large client team in the…
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February 6, 2024
Marsh appoints Lorraine Stack as risk management leader, Europe
Lorraine Stack has been appointed as risk management leader, Europe. In her new role, she has overall responsibility for Marsh’s…
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February 6, 2024
Energy casualty market to stabilise in 2024
The energy casualty market is expected to stabilise in 2024, with the rating environment plateauing and capacity remaining intact, according…
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February 6, 2024
CNA’s profit jumps 77% in 2023 to record $1.21bn
CNA Financial’s net income jumped a whopping 77% last year to reach a record $1.21bn, as the insurer enjoyed average…
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February 6, 2024
Generali names new head of insurance for GC&C
Generali Global Corporate & Commercial (GC&C) has appointed Carlos Gomez head of insurance. He will also continue carrying out his…
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February 6, 2024
Howden posts another strong year of growth in 2023
Fast-growing European and global broker Howden has announced a 33% increase in revenue in 2023 to £2.4bn, up from £1.8bn…
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February 6, 2024
Scor reports surge in alternative solutions business
French reinsurer Scor has posted exceptional growth in its Alternative Solutions business at year-end renewals, up 191.5% to reach €500m.…
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February 6, 2024
Tysers appoints senior brokers to build out MEA and Asia business
Specialist insurance broker Tysers has appointed two senior brokers to its team in Dubai, enhancing its property & casualty, construction…
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February 6, 2024
UK brokers call for zero tax on cyber premiums
The British Insurance Brokers’ Association (BIBA) has called for cyber insurance to be exempt from Insurance Premium Tax (IPT) ahead…
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February 6, 2024
Howden appoints new COO to board
Global broker Howden has appointed David Shalders as group chief operating officer. Shalders joins Howden from London Stock Exchange Group,…
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February 5, 2024
Rate increases in Europe outpace global average in Q4: Marsh
Europe’s commercial insurance rates recorded an average spike of 4% in Q4 2023, according to broker Marsh, outpacing the global…
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February 5, 2024
World-first parametric protection for South Pacific coral reef system
A new parametric insurance policy that will help protect the coral reef system of the South Pacific Ocean’s volcano-formed Lau…
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February 5, 2024
New heads of marine and energy at SiriusPoint
Specialty insurer and reinsurer SiriusPoint has appointed Chris Fenn as head of marine, London and John Hopper as head of…
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February 5, 2024
MRH Trowe completes four more German acquisitions
AnaCap, the London-based investment group that focuses on European mid-sized technology and services firms, has announced that its German industrial…
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February 5, 2024
The Hartford’s commercial lines net income up 28%
The Hartford’s commercial lines 2023 net income rose 28% to $2.09bn as the carrier became the latest to post very…
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February 5, 2024
Zurich North America launches multinational Side A D&O cover
A new standalone Side A D&O insurance coverage option for US-based multinational companies with non-US board members and officers has…
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February 5, 2024
Zurich sets out counterclaim in Greensill Bank litigation
Zurich Insurance told a London court that it denied trade credit insurance payments to Greensill Bank, the German banking subsidiary…
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February 5, 2024
WTW names Borgman head of GB affinity
WTW has appointed Anthony Borgman to the newly created role of head of affinity, Great Britain. The broker said the…