North America
-
September 8, 2021
HDI Global partners with autonomous vehicle firm for on-road shuttle tests
HDI Global has partnered with autonomous vehicle firm AutoGuardian in its first venture into autonomous technology. The deal will see…
-
September 8, 2021
FM Global unit loses US Covid-19 business interruption cover ruling
A Washington state court has ruled that the Snoqualmie Indian Tribe is owed business interruption (BI) coverage under its policy…
-
September 7, 2021
Allianz reportedly faces BaFin probe into Alpha Funds debacle
News agency Reuters reports that German financial regulator BaFin has launched an investigation into Allianz over the collapse of its US-based…
-
September 7, 2021
Risk management and modelling vital to secure nat cat insurability
Risk management, catastrophe modelling and government support will be key to keeping natural catastrophe perils insurable in a changing climate,…
-
September 7, 2021
RMS estimates insured losses of up to $35bn from Hurricane Ida
RMS estimates that insured onshore and offshore losses in the Gulf of Mexico from Hurricane Ida will be between $25bn…
-
September 6, 2021
Global marine premiums up 6% but IUMI cautious over longer-term recovery
Global marine premiums rose 6.1% last year to $30bn with underwriting results improving across all regions on the back of…
-
September 6, 2021
Kraft Heinz settles SEC accounting misconduct probe for $62m
Global food group Kraft Heinz Company has agreed to pay $62m to settle accounting misconduct charges levied by the US…
-
September 6, 2021
US court rules against Hartford unit in cyberscam case
A federal US appeals court has reversed a lower court and ruled a Hartford Financial Services Insurance unit must indemnify…
-
September 3, 2021
Germany ranks highly in Marsh’s newly launched Flood Risk Index
Germany ranks highly among G20 countries on two key metrics in Marsh McLennan’s newly launched Flood Risk Index that aims…
-
September 2, 2021
Strong second-quarter results for Ryan Specialty Group
Recently listed, Chicago-based Ryan Specialty Group (RSG) posted strong second-quarter results, boosted by the continuing integration of business from former…
-
September 2, 2021
US excess and surplus insurers to see improvement in 2021, says Fitch
Fitch Ratings expects the market performance for US excess and surplus (E&S) insurers to significantly improve in 2021, following a…
-
September 2, 2021
Insured Ida losses converge around $18bn but some warn could rise higher
Initial insured loss estimates for Hurricane Ida are converging around the $18bn mark but many are stressing post-event loss amplification…
-
September 2, 2021
Insured losses from Hurricane Ida could hit $21bn, estimates CoreLogic
Insured flood and wind losses from Hurricane Ida are estimated at between $14bn and $21bn, according to CoreLogic. As first…
-
September 1, 2021
KCC estimates insured Ida losses at $18bn
Insured losses from Hurricane Ida will reach $18bn, with $40m in the Caribbean and the rest from wind and storm…
-
September 1, 2021
Lloyd’s report aims to help corporates tackle shifting geopolitical risks
A new report from Lloyd’s has laid out key steps companies can take to help manage emerging geopolitical risks and…
-
September 1, 2021
Optio hire expands political violence and terrorism underwriting to US
Specialty MGA Optio Group has expanded its US operations with the promotion of Chris Kirby to global head of political…
-
September 1, 2021
Commercial buyers will bear the brunt of Hurricane Ida losses, says AM Best
Commercial property damage and business interruption claims from Hurricane Ida will tilt insured losses from last weekend’s storm in New…
-
September 1, 2021
US port delays risk $90bn of trade, warns Russell Group
Delays at two US ports – Long Beach and Los Angeles – could hold up shipments worth as much as…
-
September 1, 2021
FM Global names new CUO and chief client officer
Commercial property insurer FM Global has appointed Lyndon Broad as chief underwriting officer and David Johnson has been named chief…
-
September 1, 2021
‘Noticeable rebound’ for North American P&C insurers’ first-half results
North American P&C insurers have shown a noticeable rebound and clear signs the pandemic is fading further from view, according…