Liability
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Strong insurance pricing drives record profit at AXIS
There are few signs of an end to the hardening insurance market, based on record second-quarter operating results published by…
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GDV ups flood loss estimate as chemical explosion hits Leverkusen
The German association of insurance companies (GDV) has upped its estimate of losses from the recent storms and flooding across…
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Q2 rates up 28% in UK and 13% in Europe but hardening slows, finds Marsh
Commercial insurance prices increased 28% in the UK during the second quarter, the biggest rise of all regions globally, and…
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Berkshire names new UK casualty head
Berkshire Hathaway Specialty Insurance (BHSI) has named Caroline Alder-Smurthwaite as head of general casualty, UK. Ms Alder-Smurthwaite joins BHSI from…
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Global insurance rates up 15% in Q2 but hardening continues to slow: Marsh
Global commercial insurance rates were up 15% year on year in Q2 but the pace of change slowed for the…
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J&J and distributors settle opioid action for $26bn
Four US pharmaceutical companies have agreed a $26bn payment to settle almost 4,000 claims that they have driven an opioid…
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Insured losses from storm BERND top €1bn in Germany
The devastating flooding in Germany caused by the low-pressure weather system known as BERND on 13-18 July, triggered more than…
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Italy plans new certification to protect the environment
The Environment Pool, part of the Italian Consortium for Insurance and Reinsurance of Liability for Damage to the Environment, has…
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Reinsurance rate increases to continue at 1 Jan but signs of moderation
Reinsurance prices are likely to increase further at the 1 January renewals but there are signs that price rises may…
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European flood defence system questioned in wake of German catastrophe
This week, Germany will continue to count the cost of last week’s ferocious floods that wreaked havoc in western Europe.…
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Chubb makes senior UK casualty appointments
Chubb has appointed Ben Campey as London corporate casualty manager and Chris Templeton as UK and Ireland construction casualty manager.…
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Swiss Re expects increase in US claims severity due to inflation surge
A surge in inflation in the US is expected to drive a short-term claims spike in US property insurance, and…
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Dutch insurers must brace for post-pandemic claims
A leading Dutch insurance lawyer has predicted rising D&O and employers liability claims as the Netherlands government withdraws its range of Covid-19…
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MS Amlin names new P&C country manager for Belgium
MS Amlin Insurance SE (MS AISE), the global specialty (re)insurer’s European primary carrier, has appointed Jan Vande Weghe as property…
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London market PI rate increases expected to hold into 2022, finds Clyde & Co survey
Carriers in the London market have “strong” appetite for professional indemnity (PI) risks but rates are expected to harden with…
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German car manufacturers fined €875m by EC for green technology ‘cartel’
German car manufacturers Daimler, BMW and Volkswagen, which includes Audi and Porsche, colluded to limit the development of green technology…
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Dutch risk managers focus on container claims as Ever Given finally released
Dutch risk managers focused on the fast-rising risk of containerships in light of the Ever Given catastrophe, during a recent…
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Extreme weather triggers heavy June losses in DACH region
Germany, Austria and Switzerland (the DACH region) experienced a series of adverse weather events in June, resulting in losses (mainly…
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QOCS brings landmark legal changes to Scotland
Andrew Lothian, insurance partner at Glasgow law firm DWF, describes how changes to personal injury cases in Scotland could have…
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Insurance sector must deal with trust issues
There has been a lot of talk this last month about a lack of trust in the insurance sector. A…