Liability
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Mixed bag for January reinsurance renewals, says Fitch
Reinsurance pricing for loss-free market areas, such as casualty lines of business, remained the same or fell at the January…
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DAC Beachcroft highlights ESG, class actions and social inflation as big issues for 2022
Environmental, social and governance (ESG), class actions and social inflation all feature prominently in the latest insurance predictions from DAC…
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TigerRisk Partners appoints partner to US property and casualty team
Joe Springer has been appointed as a partner by TigerRisk Partners to strengthen its US property and casualty team. Springer…
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Insurer challenges in 2022 include civil unrest and class actions, says RPC
The latest Annual Insurance Review from law firm RPC highlights a number of issues set to impact insurers in 2022,…
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High inflation risks reinsurers’ credit profile: Fitch
Reinsurers’ credit positions would be “weakened” if record high inflation rates in 2021 last for two years, according to Fitch…
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D&O rates stabilise as capacity returns: Gallagher
Buyers should see more stability of rates in the D&O liability market this year, according to broker Gallagher, after premiums…
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Insurers call for no major changes to EU product liability rules
European insurers have warned that major changes to EU product liability rules could undermine insurers’ ability to cover certain risks.…
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Corporates warned of likely rise in biodiversity litigation
Biodiversity litigation is expected to rise to become the “next frontier” of environmental claims, according to law firm Clyde &…
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Airbus investors file €300m class action in Dutch court
A class action lawsuit against Airbus has accused the French airline of misconduct and is seeking €300m in damages. The…
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First quarter to see pockets of hard market continue in the US, says Amwins
US insureds will see pockets of the current hard market continue throughout the first quarter of 2022, as the market…
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US property and casualty rates increases moderated in fourth quarter of 2021
Average US property and casualty rates increased by 5.8% in the fourth quarter of 2021, compared to a 6.8% increase…
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Bayer’s investors file €2.2bn German lawsuit over Monsanto acquisition
Bayer is facing a €2.2bn lawsuit in Germany from a group of investors over its acquisition of US agrochemical manufacturer…
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Risk landscape reset amid complex and changing renewals, says Howden
An already complex underwriting environment has been complicated further by the mix of heightened secondary catastrophe perils, rising core inflation,…
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European property buyers suffer as reinsurance rate increases vary widely at year-end: Gallagher Re
Property reinsurance renewal rate increases varied widely at 1 January from the low to upper double digits, while casualty rates…
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Berenberg expects market hardening to slow this year
Analyst Berenberg said the reinsurance market will continue to harden this year after rate increases at 1 January, but expects…
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Global reinsurance cat rates up 10.8% at January renewals: Guy Carp
Global property catastrophe reinsurance rates increased 10.8% at 1 January 2022 renewals, according to Guy Carpenter. It added that reinsurance…
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Shifting defence tactics for US nuclear verdicts
The soaring costs of nuclear verdicts have reached a point where transportation companies, product makers and other defendants are more…
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New US employment practices liability policy from Chubb
Chubb has launched a new employment practices liability (EPL) policy, designed to help protect companies from the financial costs associated…
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Norway’s DPA fines Grindr €6.34m for data breach
Gay dating app Grindr has been fined NOK65m (€6.34m) over a data breach that broke the EU’s data privacy laws.…
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Bermuda-based Hamilton Insurance appoints E&S leaders
Hamilton Insurance Group has appointed two leaders as it expands its US-based book of excess and surplus lines (E&S) insurance…
