CRE Insurance
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EC aims to release insurance capital as it announces Solvency II reform
The EC has proposed changes to Solvency II that it claims will better protect insurance buyers while freeing up €90bn…
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Hurricane Ida pushes The Hanover over Q3 cat budget
Hurricane Ida losses have pushed The Hanover Insurance Group beyond its catastrophe allowance for the third quarter. The US group…
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MGA Volante to launch Lloyd’s syndicate in next stage of growth
MGA Volante Capital Holdings has received in-principle approval for a new Lloyd’s syndicate to open for the 2022 year of…
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Finalists announced for European Risk Management Awards 2021
Ferma and Commercial Risk have announced the finalists for this year’s European Risk Management Awards, with the winners to be…
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US federal judge refuses to dismiss restaurant chain’s BI Covid-19 suit
A federal US judge who had already ruled in favour of plaintiffs in at least two Covid-19 business interruption lawsuits…
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Cost of UK D&O cover more than doubled in H1 but rises may have peaked: Marsh
UK buyers of D&O liability insurance faced a 110% jump in the cost of premiums during the first half of…
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Howden appoints Swiss Re’s Cochrane as head of energy transformation
Howden has appointed Stanley Cochrane as head of energy transformation from Swiss Re, to help clients navigate the changing risk…
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Sompo International buys Italian crop insurer ARA
Specialty Bermudan (re)insurer Sompo International is buying Italian agricultural insurer Assicurazioni Rischi Agricoli (ARA) 1857. ARA will become part of…
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WTW sues Marsh over poaching 25 employees
Willis Towers Watson (WTW) has filed suit against Marsh in state court in Chicago over the poaching of 25 employees.…
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Injuries cost Europe’s leading football clubs €472.6m with Covid-19 losses just short of €50m
There were 494 reported Covid-19 cases across Europe’s top five leagues last season, resulting in players missing 7,068 days at…
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BIBA launches new protection for buyers in entertainment sector
The British Insurance Brokers’ Association (BIBA) has launched a new product with Yutree Underwriting that offers protection against Covid-19 and…
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LSM names AXA XL’s Harth new country manager in Germany
Liberty Specialty Markets (LSM) has named AXA XL’s Michael Harth as its country manager for Germany. Mr Harth will join…
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Brit uses new algorithm to speed up Hurricane Ida claims
Brit is using a new machine learning algorithm to speed up claims following Hurricane Ida last month. The Brit claims…
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Hiscox doesn’t have to cover legal fees in dismissed US whistleblower case
A company that faced significant legal fees stemming from a whistleblower lawsuit that was ultimately dismissed does not have coverage…
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Hurricane Nicholas insured losses about $950m: Karen Clark
Insured losses from Hurricane Nicholas will be close to $950m, according to modelling firm Karen Clark & Co (KCC). As…
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Convex gets green light for Luxembourg subsidiary to serve EEA clients
Specialty (re)insurer Convex Group has established a new European subsidiary following regulatory approval for Luxembourg-based business Convex Europe SA (CES).…
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Lloyd’s plans to recruit a third of workers from ethnic minorities
Lloyd’s has announced plans to recruit a third of its workers from ethnic minorities to boost diversity in the market.…
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Policyholder firm Fenchurch Law appoints new associate as disputes rise
Fenchurch Law, which works exclusively for policyholders and brokers, has appointed Anthony McGeough as associate from Edwin Coe, in response…
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Aon granted partial injunction in US trade secrets suit
A federal district court in Chicago has agreed to grant Aon a partial injunction in litigation it filed last year…
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Beazley names Raf Sanchez global head of cyber services
Beazley has named Raf Sanchez as global head of cyber services, in a new role created to further boost the…