North America
-
R&Q confirms talks to sell Accredited
R&Q Insurance Holdings (R&Q) has confirmed that it is in talks to sell its programme management business Accredited. Following press…
-
Continued rate hikes forecast for energy buyers: Amwins
US energy insurance buyers can expect continued rate increases and underwriting scrutiny as higher losses continue to hit the market…
-
Jump in ransomware attacks could see cyber rates rise
Companies are experiencing a worrisome recent increase in ransomware that could begin to increase the costs of insurance cover, experts…
-
Travelers to provide capacity for cyber underwriter Corvus in US
Cyber underwriter Corvus Insurance has expanded its relationship with Travelers in the US. Corvus said that, beginning 1 October 2023,…
-
US D&O rates decreases expected to moderate into 2024: Woodruff Sawyer
Public US companies will continue to see favourable D&O insurance pricing in the second half of 2023 and into 2024,…
-
New chief underwriting officer for Munich Re Specialty Insurance
Munich Re Specialty Insurance has appointed Gregory Hohman as chief underwriting officer. He succeeds Elizabeth Kramer following her recent appointment…
-
Competing baseball teams collaborate on risk management
While rival sports organisations compete fiercely on the field, they can work together effectively to battle risk management concerns they…
-
California to enact ground-breaking ESG disclosure bill
The battle in the US over how far to take the effort on ESG and how accountable corporates are for…
-
High court rules against Chubb in US False Claims Act case
The Delaware Supreme Court has affirmed a lower court ruling in favour of a residential mortgage company in litigation with…
-
Risk managers moving beyond ERM towards resilience
Risk managers can contribute more to their organisations’ success if they make them more resilient rather than focusing on traditional…
-
AXA XL appoints global chief cyber underwriting officer for commercial lines
Anthony Dagostino has been appointed to the newly created role of global chief cyber underwriting officer, commercial lines at AXA…
-
Rims Ontario Chapter presents Stuart Award to Catherine Dowdall
The Ontario Chapter of US risk and insurance management society Rims has presented Catherine Dowdall, director of insurance and loss…
-
Paramount reportedly receives $71m from Chubb unit in Covid case
Paramount Pictures has reportedly received a $71m settlement from its coverage litigation with a Chubb unit over Covid-19-related delays in…
-
Mosaic builds specialty team in Canada
Mosaic has built out five specialty lines of business across Canada since opening an office in Toronto, Ontario last July:…
-
Exposure growth, not climate change, is driving storm losses: Aon
Exposure growth accounts for the lion’s share of increased convective storm losses, with climate change playing a relatively small role,…
-
FM Global releases $350m credit for clients’ climate resilience projects
FM Global said it will distribute a $350m resilience credit to its clients to invest in risk mitigation measures against…
-
Big underwriting loss for US P&C industry in H1
The US property/casualty industry recorded a huge $24.5bn net underwriting loss in the first half of 2023, close to the…
-
US commercial insurance prices rises accelerating again: WTW
Overall US commercial insurance prices increased by 6.1% in the second quarter compared with the same period last year, up…
-
US D&O liability sector continues to see prices fall, says Fitch
The US D&O liability insurance sector is seeing heightened pricing pressure and material declines in premium volumes, tied in part…
-
Asset-light vehicles ‘changing the face of insurance’, says report
A more volatile risk landscape for many classes of insurance is helping to drive the popularity of asset-light vehicles, such…