North America
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October 4, 2023
US climate disclosure rules threaten added liability for companies
Looming climate disclosure rules in the US, including California measures that would require large businesses to disclose all greenhouse gas…
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October 4, 2023
Insurers set to push for more property, liability rate hikes in US renewals
US carriers are expected to seek further significant rate increases at renewals over the next few months, citing sustained increases…
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October 4, 2023
AstraZeneca settles drug lawsuits for $425m
UK pharmaceutical giant AstraZeneca has agreed to pay $425m to settle product liability lawsuits in the US over its Nexium…
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September 29, 2023
European insurers covering nearly a third of US coal mines
Although AIG remains the biggest carrier, European insurers, including Lloyd’s, Zurich and Swiss Re, are underwriting nearly a third of…
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September 29, 2023
HDI Global Specialty becomes capacity provider for cyber specialist Coalition
HDI Global Specialty is backing cyber insurer and MGA Coalition as a capacity provider in Canada. The German-headquartered firm will…
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September 28, 2023
Chubb joins with cybersecurity specialist on cyber risk management
Chubb is collaborating with cybersecurity specialist SentinelOne to streamline cyber risk management practices for US businesses in a move that…
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September 27, 2023
US severe convective storm losses exceed $50bn, says Gallagher Re’s Bowen
Severe convective storms in the US have breached annual insured losses of $50bn for the first time before the year…
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September 27, 2023
Many US businesses fall short in cyberattack prevention: Travelers
A worryingly high percentage of US businesses have not taken steps to fully prevent or mitigate cyberattacks despite expressing confidence…
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September 27, 2023
Deutsche Bank pays $25m for AML and ESG failings
The US Securities and Exchange Commission (SEC) has charged Deutsche Bank’s investment adviser DWS Investment Management Americas (DIMA/DWS) in two…
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September 27, 2023
E&S executives rue talent shortage as sector expands
The excess and surplus lines sector is facing a critical and growing shortage of younger employees as more business continues…
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September 27, 2023
Boards must start addressing ESG risks
Boards can face liability from pushing shareholder value over ESG, or vice versa, but either way they need to be…
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September 26, 2023
Three-quarters of firms not ready for ESG rules, says KPMG
Only 25% of global companies are ready for new ESG regulations and external data audits, according to a KPMG survey.…
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September 26, 2023
QBE hires construction leader from Liberty Mutual
QBE North America has hired former Liberty Mutual underwriting leader Ryan Powers as senior vice president and head of construction.…
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September 25, 2023
Swiss Re raises US commercial lines premium growth forecast as rate increases accelerate
Swiss Re has raised its premium growth estimate for US commercial lines to 9% from 7.5% in 2023 and still…
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September 22, 2023
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…
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September 22, 2023
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…
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September 21, 2023
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…
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September 21, 2023
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,…
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September 20, 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,…
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September 19, 2023
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…