Liability
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North American buyers face hardening rates into 2024: WTW
North American insurance buyers continue to see rate increases across most lines, albeit primarily in the single digits, while the…
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Tokio Marine HCC boosts UK professional risks team
Tokio Marine HCC International said it wants to pursue further growth in the UK regional professional risks market on appointing…
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Specialty broker Consilium books 35% growth and targets further expansion
Specialty broker Consilium has reported 35% growth in revenue for the year ending June 2023, booking gross written premiums of…
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Interconnected regulations will raise product recall compliance risk across Europe, warns Sedgwick
Sedgwick warns that new interconnected European regulations coming down the track will complicate product recall risk and compliance. The company’s…
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Bayer ordered to pay $1.56bn after losing fourth Roundup case
German pharmaceutical firm Bayer has been ordered to pay $1.56bn in damages to four claimants following a trial in Missouri…
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Asia sees modest price increases amid growing demand for ART
Demand for alternative risk transfer solutions has increased in Asia according to Aon, which said it has seen a growing…
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Global insurance market moderates further in Q3 as insurers go for growth: Aon
The global commercial insurance market moderated further in Q3, with prices still rising a touch in most regions, but buyers…
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Appetite high for PI risks in UK, Clyde poll finds
UK insurers say they are confident in capacity levels for professional indemnity (PI) buyers in 2024, with risk managers expected…
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UK Court of Appeal rejects action against Shell directors
The UK Court of Appeal has refused to hear NGO ClientEarth’s historic lawsuit against Shell’s board of directors – the…
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UK fraud law increases corporate criminal liability
UK directors and senior managers are now subject to higher liability if they fail to prevent fraud under a new…
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Zurich reports 9% premium growth driven by rates
Zurich Insurance Group has reported property/casualty insurance revenue up 9% for the first nine months of 2023, driven by strong…
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Nat cat, US liability and construction set for tough renewal
The insurance market is looking much more stable for European buyers at year-end renewals but there remain some difficult areas…
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Drinks companies accused of greenwashing plastic bottle recycling claims in Europe
A European consumer group has filed a greenwashing complaint to European authorities against major soft drinks companies using plastic bottles…
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US insurance rate hikes accelerate in most lines
US insurance premium renewal rates climbed in October in five out of six lines of coverage tracked by Ivans Insurance…
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Verlingue rebrands London market unit for growth
Lloyd’s and London market broker NBJ London Markets has been rebranded as Verlingue London Markets as it also takes on…
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Double-digit property rate rises in US continue but cyber pricing falls
Property pricing in the US continues to see double-digit increases, but has moderated in the third quarter of 2023, according…
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Cyber rates stabilise in Europe, but casualty pricing up in third quarter
Cyber insurance pricing in Europe continues to stabilise in the third quarter but casualty pricing is steadily increasing, according to…
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RSA Insurance launches PI cover for design sector
RSA Insurance has expanded its professional indemnity (PI) and financial lines unit with the launch of a product for design…
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Rate increases level off but Marsh doesn’t think market ready to soften
Global insurance rates rose by 3% in Q3, the same as the previous quarter and in line with the last…
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Lloyd’s syndicate Ki to offer additional follow capacity
Travelers and Aspen are to offer additional follow capacity through the digital platform of Lloyd’s syndicate Ki from 1 January…