North America
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April 26, 2024
Warmer climate spreading risk of malaria and dengue to new regions
New research from health resilience experts warns that mosquito-borne diseases, including malaria and dengue, are spreading to new regions as…
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April 26, 2024
US insurers’ profitability unlikely to be impacted by Baltimore bridge collapse
The Baltimore bridge collapse incident is unlikely to impact the profitability of US insurers, according to GlobalData, despite being one…
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April 26, 2024
Marsh launches global alternative risk solutions practice
A new global alternative risk solutions practice has been launched by Marsh, bringing together its expertise in parametric solutions, alternative…
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April 25, 2024
Europe records 300% surge in farmer protests this year
Farmer protests have spiked 300% in Europe so far this year to 4,000 incidents, compared with a total of 1,000…
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April 25, 2024
London market to remain closed for construction SPPI cover
The London insurance market is unlikely to start offering single project professional indemnity (SPPI) cover for construction firms again anytime…
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April 24, 2024
Rates fall in most regions during Q1 but rise in Europe and US: Marsh
Average commercial insurance rates fell in the UK, Asia, Canada and the Pacific during the first quarter of this year…
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April 24, 2024
Major cyberattack would hike rates but insurers would ‘brush off’ losses: Lockton Re
A major cyber catastrophe event will inevitably see the return of rate increases for buyers although the insurance industry as…
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April 24, 2024
Chubb says Q1 saw ‘best rates’ as it books $2bn profit
Chubb chairman and CEO Evan Greenberg said the group saw “the best rates and pricing” for more than a year…
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April 24, 2024
Baltimore bridge ship “unseaworthy”, claims city in lawsuit against owners
The city of Baltimore has filed a lawsuit against the operators of container ship Dali, which caused the collapse of…
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April 23, 2024
Zurich North America names professional liability, cyber leader
Zurich North America has named Kara Higginbotham head of professional liability and cyber for US national accounts. Higginbotham, based in…
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April 23, 2024
Arch Insurance International names deputy CEO
Arch Insurance International has appointed Kirsten Valder as deputy CEO, responsible for developing the group’s London market and UK regional…
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April 23, 2024
IQUW adds cyber cover to US financial institutions policies
Property and specialty insurer and reinsurer IQUW, with a syndicate at Lloyd’s, has launched a combined financial institutions and cyber…
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April 22, 2024
North American broker M&As slow in first quarter to Covid-19 levels
Mergers and acquisitions among North American insurance brokers and agents fell 18% in the first quarter, falling to the lowest…
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April 22, 2024
AI must be carefully monitored but will benefit insurance industry, say experts
The insurance industry is poised to benefit from the use of artificial intelligence but adopters of the technology must stay…
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April 19, 2024
Marsh tracks slowdown in global Q1 rate hikes
Marsh’s global insurance rate index increased 1% in the first quarter of this year, compared with 2% in Q4 2023,…
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April 19, 2024
Allstate posts nat cat loss of $343m for March
US insurer Allstate incurred a $343m pretax catastrophe loss in March, significantly lower than the same period in 2023. The…
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April 19, 2024
Marsh McLennan reports 9% revenue growth for Q1
Marsh McLennan reported $6.47bin in revenue for the first quarter of 2024, a 9.3% increase from the same period last…
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April 19, 2024
Convex books first annual profit since 2019 launch
Bermuda-based international insurer and reinsurer Convex entered the black for the first time since it launched in 2019, with net…
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April 18, 2024
Claims likely to increase as vessels remain stranded in Baltimore
The collapse of the Francis Scott Key Bridge in Baltimore in March and the ensuing build-up of vessels continues to…
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April 18, 2024
Climate change to cause ‘massive economic damage’
Climate change will cost the global economy $38trn every year by 2049 and cause “massive economic damage” some six times…