Liability
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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…
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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…
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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…
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US commercial insurance market looking much better for buyers, says Lockton
From a buyer’s perspective, the US commercial insurance market is in the best shape it has been during the past…
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Greenpeace sues EU over gas and nuclear ‘greenwashing’
Greenpeace is taking legal action against the European Union (EU) for alleged greenwashing after the bloc included fossil gas and…
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Berkshire Hathaway Specialty launches range of new policies in Spain
Berkshire Hathaway Specialty Insurance (BHSI) has introduced a range of new proprietary policy wordings in Spain. The new policies include…
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Buyers face inflation-induced higher premiums across a range of lines, warns Marsh
Insurance buyers are going to have to buy more insurance at coming renewals to cover a range of risks impacted…
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Inflation and negative discount rate to drive UK casualty rates
UK casualty and commercial motor rates are likely to harden as claims costs rise at a frightening rate, according to…
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EC moves to ban all forced labour products from EU market
The European Commission (EC) has proposed new rules to ban all products made by forced labour from the European market.…
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Europe’s risk managers face new liability risk as rules on deforestation in supply chain move forward
Europe’s risk managers are faced with another proposal at EU level that further raises the exposure of multinationals to liability…
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French buyers face tough but moderating market at year-end: WTW
The hard insurance market has lost some steam in France but buyers continue to face challenges as they head into…
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Modest rate increases for US financial institutions but cyber tough: Gallagher
A hard market continues for cyber for US financial institutions while other lines have seen modest increases, according to Gallagher’s…
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Chubb Global Markets names new management liability leader
Alex Jackson has been appointed as product head of management liability for Chubb Global Markets (CGM), the London market wholesale…
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Reform of Environmental Liability Directive unnecessary, says Ferma
Ferma is against reform of the ELD and, in particular, feels making insurance mandatory would be a step backwards. Ferma…
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German buyers suffer more challenging market in Q2 than European peers
The German commercial insurance market stood out as particularly difficult for buyers during the second quarter, according to Aon’s latest…
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Axis launches wholesale division
Bermuda-based Axis Capital has launched Axis Wholesale to focus on growth in the wholesale market. The new division is led…
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Tailor-made approach paying off for Newline Germany
As the German risk and insurance management community gathers for the GVNW’s annual Symposium in Munich, CRE’s Adrian Ladbury interviewed…
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Insurers predict further reinsurance rate increases in 2023
Most P&C insurers expect rates for their reinsurance cover to increase further in 2023, with the largest rises forecast for…
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Bayer settles whistleblower kickback allegations for $40m
German pharmaceutical firm Bayer has agreed to pay $40m in a settlement with the US Department of Justice (DoJ) to…
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Hong Kong general insurers see surge in underwriting profit for first half
The Hong Kong general insurance industry saw a surge in underwriting profit from $794m to $2,545m for the first half…
