Risk Specialty
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Political violence covers in Latin America see growing restrictions
Global companies are finding it ever harder to buy coverages for political violence in Latin America, after a spate of…
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RMS says Hurricane Nicholas losses will range between $1.1bn and $2.2bn
RMS estimates that US insured losses from Hurricane Nicholas will be between $1.1bn and $2.2bn. The figures includes wind, storm…
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Charles Taylor launches specialty lines practice
Insurance services and claims firm Charles Taylor has launched a specialty lines practice, which will be led by Laetitia Fouquet…
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US D&O increases moderating but SPAC IPOs causing concern
Most US companies continue to experience increases in total cost and retention on their D&O programmes in 2021, but the…
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EC aims to release insurance capital as it announces Solvency II reform
The EC has proposed changes to Solvency II that it claims will better protect insurance buyers while freeing up €90bn…
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Hurricane Ida pushes The Hanover over Q3 cat budget
Hurricane Ida losses have pushed The Hanover Insurance Group beyond its catastrophe allowance for the third quarter. The US group…
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US federal judge refuses to dismiss restaurant chain’s BI Covid-19 suit
A federal US judge who had already ruled in favour of plaintiffs in at least two Covid-19 business interruption lawsuits…
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EU targets energy and agriculture to cut methane emissions in new pledge with US
European risk managers at companies within sectors that emit significant levels of methane, from oil and gas to agriculture, face…
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Cost of UK D&O cover more than doubled in H1 but rises may have peaked: Marsh
UK buyers of D&O liability insurance faced a 110% jump in the cost of premiums during the first half of…
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Record number of containerships queue at California ports as supply chain disruption deepens
A record number of containerships are waiting to enter California’s Los Angeles and Long Beach ports, which have implemented new…
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First-half earnings for US P&C insurers show material improvement, says Fitch
US property and casualty (P&C) insurers saw their statutory earnings materially improve in the first half of 2021, according to…
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Howden appoints Swiss Re’s Cochrane as head of energy transformation
Howden has appointed Stanley Cochrane as head of energy transformation from Swiss Re, to help clients navigate the changing risk…
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RIMS makes Covid-19 vaccination compulsory for all future events
US risk management society RIMS will require anyone attending one of its in-person events to show that they are fully…
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Structured insurance and ART provide answers to market complexity: Anra
Risk managers should consider using structured insurance and alternative risk transfer (ART) in order to address current market complexities, according…
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DAC Beachcroft report highlights need for interconnected risk solutions
If the challenges and threats facing the insurance industry are connected, so too are the solutions, according to a new…
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Injuries cost Europe’s leading football clubs €472.6m with Covid-19 losses just short of €50m
There were 494 reported Covid-19 cases across Europe’s top five leagues last season, resulting in players missing 7,068 days at…
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Twitter pays $809.5m to settle securities class action over user numbers
Twitter has agreed to pay $809.5m to settle a class action lawsuit that alleged the social media site misled investors…
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BIBA launches new protection for buyers in entertainment sector
The British Insurance Brokers’ Association (BIBA) has launched a new product with Yutree Underwriting that offers protection against Covid-19 and…
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Brit uses new algorithm to speed up Hurricane Ida claims
Brit is using a new machine learning algorithm to speed up claims following Hurricane Ida last month. The Brit claims…
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Hiscox doesn’t have to cover legal fees in dismissed US whistleblower case
A company that faced significant legal fees stemming from a whistleblower lawsuit that was ultimately dismissed does not have coverage…