North America
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May 10, 2023
US commercial buyers continue to weigh alternative risk financing
Buyers continue to explore alternative risk financing options such as captives, parametrics and insurance-linked securities as property insurance market conditions…
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May 10, 2023
Demand for July renewals will drive rate rises: Swiss Re
April reinsurance renewals saw rates increase further, with demand ahead of the July season setting the stage for pricing momentum…
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May 10, 2023
WTW appoints ICT North America P&C practice leader
Charlie Carwin has been appointed as the North America property and casualty (P&C) practice leader, in WTW’s insurance consulting and…
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May 9, 2023
SEC issues record $279m whistleblower reward
The US Securities and Exchange Commission (SEC) has issued its largest-ever award of nearly $279m to a whistleblower for information…
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May 9, 2023
AM Best restores stable outlook to QBE subsidiary ratings
AM Best has changed its long-term issuer credit rating (ICR) outlook on QBE’s international subsidiaries QBE Europe, QBE UK and…
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May 9, 2023
European countries top Verisk’s climate litigation risk index
Momentum is building for climate litigation against corporates using human rights as a driver, according to Verisk Maplecroft, which predicts…
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May 9, 2023
Strong Q1 commercial lines performance at Chubb with US rates up 11%
Chubb’s net income was down 3.2% in Q1 to $1.89bn but commercial business once again delivered strong results despite heavy…
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May 5, 2023
All major US commercial lines hardened in April: Ivans
All major US commercial lines saw month-over-month premium renewal rate increases in April, shows latest data from Ivans Insurance Service.…
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May 4, 2023
Florida governor DeSantis signs anti-ESG rules into law
The governor of Florida, Ron DeSantis, has signed into law a bill barring state officials from investing public money to…
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May 4, 2023
Cat losses behind $1bn underwriting loss for Allstate in Q1
Allstate has reported an underwriting loss of $1bn for the first quarter of 2023, driven by $1.69bn of catastrophe losses…
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May 4, 2023
Cautious optimism for North American insurance buyers, says WTW
There are signs of cautious optimism in the North American insurance market and while the economic outlook for 2023 remains…
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May 4, 2023
Captive growth robust but slowing, say Marsh execs
More businesses are establishing captives as they look to retain more risk in difficult insurance markets but the rate of…
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May 4, 2023
Insureds must tread carefully to get most from stand-alone terrorism coverage
Policyholders that have had terrorism written out of their all-risk property policies can write it back in using stand-alone coverage…
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May 3, 2023
Everest continues drive into primary market on back of hardening property lines
Everest Re continues its charge into the primary insurance sector with another set of impressive growth figures in its primary…
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May 3, 2023
RIMS panel favours parametrics paired with traditional cover
Parametric insurance has been greatly enabled by new data sources for indices and can be used in tandem with traditional…
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May 3, 2023
US Supreme Court decision on Big Oil could fuel flood of claims
A recent decision by the US Supreme Court has dealt a “heavy blow” to Big Oil defendants seeking to move…
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May 3, 2023
RIMS meeting urged to strengthen supply chain networks
Supply chain integrity can be disrupted by a variety of factors, but organisations can bolster their defences against interruptions in…
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May 3, 2023
Chubb’s Greenberg expects continued rate increases
The current insurance pricing environment will likely continue as insurers contend with rising loss costs due to inflation, higher court…
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May 2, 2023
RIMS and Parima partner on certification programme
US risk management association RIMS and its pan-Asian counterpart Parima have signed a deal to bring the former’s certification scheme…
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May 2, 2023
NZIA withdrawals complicate net-zero underwriting decisions, says Marsh exec
Risk managers need to be aware how their organisations’ impact on the environment and net-zero transition plans are viewed by…