Insurance
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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
RSA and Brit launch $285m project cargo consortium
RSA Insurance and Brit have partnered to offer $285m capacity in the London market for global project cargo risks. Launching…
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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 11, 2024
A Blueprint for Transformation: Insurance in the Digital Age
The insurance industry has long had a reputation for being slow to embrace technological advances. But with artificial intelligence (AI),…
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January 10, 2024
Global M&A activity down in Q4 but rebound predicted in 2024
Global mergers and acquisitions (M&A) activity declined dramatically in the final three months of 2023, but deals are expected rebound…
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January 10, 2024
UK winter storms add to pressure on UK non-life insurers
Winter storms losses will maintain pressure on UK non-life insurers’ profitability but will be manageable by the industry, according to…
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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
Aon appoints Kielty CEO for UK
Aon has named Jane Kielty as its CEO for the UK, from her current role as head of commercial risk…
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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
Swiss Re Corporate Solutions names Rüsch head of DACH
Swiss Re Corporate Solutions will appoint Michael Rüsch to the newly created role of head DACH on 1 April. Rüsch,…
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January 9, 2024
Aspen launches new cyber risk service
Aspen Insurance is launching launch Aspen Cyber Risk Services in partnership with incident response company Surefire Cyber to help customers…
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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…
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January 8, 2024
Gallagher acquires German financial lines broker Köberich
A J Gallagher has acquired German specialty broker Köberich Financial Lines as it continues to expand in Europe. Gallagher said…
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January 8, 2024
Demand for sovereign debt insurance grows as costs rise: Chaucer
Rates for contract frustration insurance are on the rise as concerns grow that cash-strapped governments are increasingly at risk of…
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January 8, 2024
Merck and insurers settle dispute over 2017 NotPetya cyberattack
Merck has reportedly settled a dispute with insurers over the 2017 NotPetya cyberattack and related $1.4bn claim that insurers said…