North America
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Davies acquires Minuteman Adjusters in US
Davies is to acquire the trade and assets of Minuteman Adjusters, a third-party administrator serving global insurance carriers and Lloyd’s…
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PFAS litigation and exclusions to grow in Europe, experts warn
European companies should brace for much more litigation over the use of so-called forever chemicals, or PFAS, and more insurance…
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Insurer M&A activity hits new low, says Clyde & Co
The insurance carrier M&A landscape saw a new 15-year low for first-half-year activity in 2024 with 103 deals, significantly lower…
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Fitch removes positive outlook for global reinsurers as rates pass peak
Ratings agency Fitch is predicting further reductions in property catastrophe rates at the 1 January renewals, triggering a sector outlook…
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Aon calls on reinsurers to ‘lean in’ to complex and interconnected risks
Aon is calling on the reinsurance industry to deploy its record levels of capacity to help insurers address complex and…
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Moody’s acquires casualty modeller Praedicat
Rating agency and risk data provider Moody’s has purchased casualty insurance analytics company Praedicat in a move designed to bolster…
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Aon to use ICEYE’s US flood and wildfire data to enhance event response
Aon is to incorporate ICEYE’s near real-time US flood and wildfire data into its event response capabilities for reinsurance clients,…
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Former longtime GE risk manager joins Marsh
Stacey Regan, formerly director of risk management at General Electric Company, has joined Marsh LLC as a global engagement partner.…
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Dutch regulator fines Clearview AI €31m for ‘illegal’ facial database
Clearview AI, a US-based startup that provides facial recognition software, has been hit with a fine by the Dutch Data…
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DoJ whistleblower programme puts investigation coverage in focus
Companies should review their directors and officers liability insurance policies for entity investigation coverage following the launch of US Department…
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Moody’s shifts outlook for global reinsurance sector to positive
Moody’s Investors Service has upgraded its outlook for the global reinsurance sector to positive. Higher prices and tighter policy terms,…
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Cat bonds jump 20.5% in Q2 with ILS at record levels
Second-quarter catastrophe bond issuance reached $8.34bn, 20.5% higher than the same period last year that set the previous Q2 record,…
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Maryland confirms Chubb’s $350m Baltimore bridge payout
Insurer Chubb has paid out $350m for the loss of the Francis Scot Key Bridge in Baltimore. According to the…
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AssuredPartners accuses former execs of soliciting clients
A unit of brokerage AssuredPartners filed a federal lawsuit Monday against two former sales executives and their current employer over…
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Aon unit sues Chinese bank over alleged Vesttoo fraud
Aon unit White Rock Insurance is suing China Construction Bank (CCB), alleging a former bank staff member colluded with reinsurance…
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Top 50 reinsurers’ ranking ‘complicated’ by IFRS 17: AM Best
AM Best’s annual ranking of the world’s 50 largest reinsurers has been “complicated” by the introduction of a new accounting…
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WTW launches fintech and digital assets taskforce
A fintech and digital assets taskforce has been launched by WTW to provide clients with consultancy support for managing risks…
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Insured losses from Canada’s Jasper wildfire exceed C$880m
Canada’s national insurance association has urged the government to invest in disaster resilience following the recent wildfire that ravaged a…
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Hurricane season set to intensify as conditions change
Despite a lull in activity in much of July, forecasters predict the Atlantic hurricane season is set to ramp up…
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Next five years to see more than $450bn in hurricane losses in US
Hurricanes are predicted to cause losses of more than $450bn in the next five years across Gulf and South Atlantic…