Liability
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EC told to regulate third-party litigation funding
Europe’s insurers and business groups have called for new rules to regulate third-party litigation funding, which they say has been…
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US election could bring change to P&C sector
The property and casualty and risk management sector will likely see changes following last week’s election in the US, as…
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PIB Group enters French market with BEA buy
UK-based specialist insurance intermediary PIB Group has continued its European expansion on acquiring French medical malpractice insurer BEA Group. The…
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Professional liability underwriter launches for US risks
A new professional liability specialist underwriting manager has been launched with approved coverholder status at Lloyd’s. Doe & Emuss (D&E)…
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Fresh lawsuit in Brazil contests BHP’s Fundão dam settlement
Organisations representing the victims of the Samarco Fundão dam collapse have filed a lawsuit in Brazil objecting to the $31.7bn…
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Zurich sees no let up in social inflation
US social inflation and moves to broaden access to collective litigation in Europe are increasing the risks of catastrophe-sized liability…
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Travelers ordered to pay $37.9m for wrongful conviction settlement
A Missouri state court jury has ordered Travelers to pay $37.9m to six police officers and a man wrongfully convicted…
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Swiss Re adds $2.4bn to US liability reserves
Swiss Re has strengthened its US liability reserves by $2.4bn in property & casualty reinsurance in the third quarter of…
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Amrae forecasts smoother renewals for French companies as hard market ends
French risk managers are set to face more favourable conditions at forthcoming January renewals as the commercial insurance market stabilises…
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Commercial US rate increases slow: Ivans
US commercial insurance rate increases slowed slightly in most major coverage lines in October as rate decreases accelerated in workers…
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Lockton Re predicts changing tide for US casualty
The US casualty market is near an inflection point and “may be close to turning the page on additional reserving”…
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Insurers call for EC to pull new AI liability rules
Europe’s policymakers should withdraw the proposed AI Liability Directive, which will create legal uncertainty and increase the compliance burden for…
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Mounting concern among European risk managers over PFAS exclusions
Risk managers in Europe are growing increasingly concerned about the lack of insurance cover for so-called forever chemicals, as insurers…
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WTW revenue up 6%, posts $1.67bn loss on unit sale
WTW has reported third-quarter revenue of $2.29bn, up 6% overall and on an organic basis over the same period last…
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Ryan Specialty reports revenue growth, confirms acquisition talks
Ryan Specialty Holdings has reported double-digit organic growth in the third quarter despite falling property rates in the excess and…
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NGOs claim German meat giants support deforestation via supply chain
Germany’s trade agency (the Federal Office for Economic Affairs and Export Control – BAFA) is being urged to investigate three…
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Aon sees improved global pricing and abundant capacity as renewals approach
Abundant capacity has led to improved pricing and buyer-friendly conditions across much of the global insurance market, according to Aon,…
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Macquarie Insurance Facility launches rent-a-captive
A new rent-a-captive insurance solution for property and casualty related risks has been launched by Macquarie Insurance Facility, one of…
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Social inflation to drive US casualty rate increases in 2025
Social inflation is expected to drive further rate increases for US-exposed casualty risks into 2025, as the trend for nuclear…
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Delta sues CrowdStrike over July IT outage
US airline Delta has launched a $500m lawsuit against cybersecurity company CrowdStrike after a systems update in July led to…