North America
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February 26, 2024
US casualty insurance costs rising for multinationals
Multinational companies with US casualty exposures face higher insurance costs, as insurers and reinsurers react to persistently high loss ratios…
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February 26, 2024
Lockton CEO steps down
Peter Clune has stepped down as CEO of US-based international Lockton and will be replaced by Ron Lockton, son of…
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February 23, 2024
Only half of firms retrieve data after ransomware payments
Most cyberattacks breached organisations’ networks through their supply chain, according to US-based cybersecurity firm Cybereason. It found that 41% of…
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February 23, 2024
UK crime agency hails destruction of world’s ‘most harmful’ cybercrime group
The UK’s National Crime Agency (NCA) has revealed details of an international campaign targeting LockBit, described as the world’s most…
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February 23, 2024
Munich Re Specialty reorganises US E&S property leadership
Munich Re Specialty Insurance Thursday named Joseph Bonanno and Vanessa Sullivan regional property underwriting managers for excess and surplus lines…
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February 22, 2024
Profit jumps 21% at Zurich to record-high $7.38bn
Zurich’s operating profit jumped 21% in 2023 to $7.38bn, a new record for the group driven by commercial insurance and…
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February 22, 2024
US product recalls hit five-year high but impacted units halve: Sedgwick
Product recalls in the US recorded an increase of 11% in 2023, according to Sedgwick, reaching a five-year high with…
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February 22, 2024
MGA Coalition to offer premium credits for cyber control
Coalition is offering premium credits to customers that use its managed detection and response (MDR) cybersecurity tool. Businesses that use…
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February 21, 2024
Lockton appoints executive vice-president of operations
Steve Goldenberg has joined Lockton’s leadership team as executive vice-president, operations. He will report to Peter Clune, chief executive officer.…
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February 21, 2024
Google’s $350m settlement raises questions over D&O and cyber cover
The recent $350m preliminary settlement of two securities class actions in the US from a cyber incident involving the now…
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February 20, 2024
Cyber gang LockBit taken down by crime agencies
One of the world’s most active cyber gangs, LockBit, claims it has been taken down by a coalition of crime…
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February 19, 2024
Oklahoma sees number of captives grow by a third
Oklahoma licensed 20 new captive insurers in 2023 as the risk transfer vehicles grew increasingly popular in the hard market,…
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February 16, 2024
North American construction casualty team launched by Lockton
Lockton has launched a North American construction casualty team with the appointment of Oliver Ross as senior vice-president within the…
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February 16, 2024
Fairfax Financial says 2023 best year in its history as profits grow
Fairfax Financial Holdings Limited has reported a 29.9% increase in net earnings from $3,374.2m for fiscal year 2022 to $4,381.8m…
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February 15, 2024
WTW in co-brokerage arrangement with NY agency for Asian clients
WTW has formed a co-brokerage arrangement with the New York-based Solomon Agency Corporation, focusing on insurance brokerage, risk management and…
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February 15, 2024
Gallagher announces global facultative reinsurance exec changes
Arthur J Gallagher is establishing new hubs in Singapore and Sydney for its global facultative reinsurance business and expanding its…
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February 14, 2024
Ethics and compliance programmes shift to risk mitigation over past year
Ethics and compliance (E&C) programmes have shifted their focus to risk mitigation this year, driven by rising regulatory action, the…
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February 13, 2024
Covid BI litigation slowly favouring policyholders but key questions remain
Policyholders continue to make progress in their fight to recover Covid-19 business interruption losses from insurers, although the settlement of…
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February 9, 2024
Most commercial US renewal rates hikes slow in January: Ivans
Most major commercial lines saw monthly increases in average renewal rates in January but the pace of the rates hikes…
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February 9, 2024
Rims president Arick to join Sedgwick
Rims president David Arick, who was assistant treasurer, global risk management at International Paper Co for almost 20 years, will…