Risk Specialty
-
Hurricane Ian losses could exceed $40bn as storm heads to Carolinas: Fitch
Insured losses from hurricane Ian are estimated to range between $25bn and $40bn but the bill could escalate as the…
-
IAIS highlights role of supervisors in response to future pandemics
The response to future pandemics is likely to involve multi-stakeholder insurance-based programmes, and insurance supervisors could act as a bridge…
-
Hurricane Ian losses will add fuel to reinsurance rate rises
Significant insured losses from Hurricane Ian will drive rates up ahead of key reinsurance renewals next month, according to analyst…
-
Global average annual insured losses from catastrophes to exceed $120bn, says Verisk
Catastrophes are expected to cause about $123bn in insured losses on an annual average basis globally, compared to an average…
-
Ascot launches new US miscellaneous professional liability unit
A new miscellaneous professional liability (MPL) unit has been launched by Ascot in the US. The new unit will provide…
-
QBE sells select Irish renewal rights to Ascot
QBE has sold the renewal rights of select Irish casualty commercial insurance portfolios to Ascot, following its decision earlier this…
-
Cat capacity crunch in focus as hurricane Ian nears Florida coast
The ability of the global insurance and reinsurance industry to shoulder catastrophe risk is being called into serious question as…
-
Hurricane Ian reconstruction costs estimated at $258bn for one million homes at risk: CoreLogic
Data and analytics company CoreLogic said its data analysis shows 1,044,412 homes along the Florida gulf coast with a reconstruction…
-
US hospitality benefits captive launched by Hub International
Hub International has launched a benefits captive for hospitality employers in the US, and those with cross-border operations in Canada.…
-
Most companies still pay ransom to cyberattackers, survey finds
Some 44% of UK organisations have paid a ransom demand following a cyberattack during the past year, according to a…
-
Cyber remains top spot in Travelers’ risk index
Cyber risk is once again the biggest concern for US businesses polled for Travelers’ latest annual risk index, with economic…
-
TikTok faces potential £27m fine for child data breaches
Social media platform TikTok has been warned that it faces a regulatory fine of £27m in the UK for failing…
-
New Japanese partner for Zurich Global Employee Benefits Solutions network
Sompo Himawari Life Insurance (SHL), the life insurance company of Sompo Holdings in Japan, has joined the Zurich Global Employee…
-
BPL Global appoints chairman and group CEO
Specialist credit and political risk insurance broker BPL Global has appointed a new chairman and a new group CEO. James…
-
Gallagher appoints CEO of energy practice
Julian Raven has been promoted to the role of CEO of Gallagher’s specialty energy practice. He is replacing Jonathan Smith…
-
AXA XL names new product lead for energy and construction in APAC and Europe
AXA XL Insurance has appointed Olivier Croese as product leader for energy and construction in APAC and Europe. Croese joined…
-
German market facing a perfect storm of risks: HDI Global
Cyber risks remain high up the agenda of German risk managers, as a result of the rise in cyberattacks following…
-
Insureds wary of ‘new’ risks that often lead to price increases and exclusions
No week seems to pass nowadays without news emerging of some national, European or global law that will potentially increase…
-
Marsh explores bringing renewable energy certificate service payments to global clients
Marsh has told Commercial Risk it is exploring the possibility of expanding its scheme to allow US clients to pay service…
-
Travelers and Google Cloud develop ‘cloud-based data ecosystem’ for commercial insurance
The Travelers Companies and Google Cloud are working together to improve the commercial insurance underwriting process in the US. The…
