Liability
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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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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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Generali ready to support corporates through recovery phase
Generali Global Business Lines is composed of two units: Generali Global Corporate & Commercial (GC&C) and Generali Employee Benefits (GEB),…
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SiriusPoint provides underwriting capacity for startup insurer Vouch
Specialty (re)insurer SiriusPoint has partnered with Vouch Insurance, a new insurance platform for startups, to provide multi-year underwriting capacity to…
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Bermuda (re)insurers paid $25.7bn to UK policyholders since 2016
Bermudan (re)insurers paid out $25.7bn to UK P&C policyholders between 2016 and 2020, with numbers rising each year, according to…
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German Chamber of Commerce joins call for risk-based approach to flood risk
The German Chamber of Industry and Commerce (DIHK) has called on regional and national authorities to show flexibility and agility…
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Lloyd’s rebounds to £1.43bn profit after underwriting ‘turnaround’
Lloyd’s has reported profit of £1.43bn for the first half of this year from a loss of £438m, after underwriting…
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Reinsurance sector outlook improves, says Moody’s and Fitch
Moody’s Investors Service has changed its outlook for the global reinsurance sector to stable from negative as a result of…
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P&C insurance riskier and more complex in next 20 years, says Swiss Re
Property and casualty (P&C) business is set to become riskier and more complex in the next 20 years, according to…
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AIG appoints chief underwriting officer, international casualty
Ciara Brady has joined American International Group (AIG) as chief underwriting officer, international casualty. She succeeds Patrick Mailloux, who has…
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Corporates and insurers face growing liability from forever chemicals
Corporates and their insurers face a threat from growing liability related to so-called ‘forever chemicals’, amid mounting regulation and a…
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KCC estimates insured losses from storm Grace at $330m
Insured losses from tropical storm Grace earlier this month are pegged at about $330m, according to initial estimates from Karen…
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German insurers call for action as flood damage forecast reaches €7bn
The German Insurance Association (GDV) has again increased its estimate of the insured cost of the catastrophic damage caused by…
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Henri estimated at $155m as hurricane activity rises
Insured losses from Hurricane Henri are expected to be modest but insurers are likely to face increased frequency and severity…
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Amwins’ US report highlights ‘dynamic’ insurance market
The US property and casualty insurance market continues to be dynamic, with a deceleration in the rate environment in some…
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More positive outlook for Australian insurance buyers, says Marsh
The general outlook for insurance buyers in the Australian insurance market is more positive as we move into the second…
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Semiconductor shortage poses recall risk for carmakers
Global semiconductor shortages could impact product recalls in Europe’s automotive sector for years to come, says Sedgwick in its Q2…
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Sasria registers 95% of riot claims
Following the unrest across South Africa in July, Sasria said it is dealing with all the claims registered – some…
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Concern over potential wave of casualty catastrophes
Insurers and risk managers are scrambling to prepare for a potential wave of casualty catastrophes that could create losses of…