Liability
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November 11, 2021
Generali reports ‘resilient’ P&C market conditions
Generali has reported a solid first nine months in both its P&C and life businesses despite the hefty impact of…
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November 10, 2021
AGCS helps drive ‘strongest ever’ group third quarter
Allianz Global Corporate & Specialty (AGCS) has helped Allianz Group report a healthy set of third-quarter and nine-month results, bettering…
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November 9, 2021
ESG equally important as financials in today’s M&A market says Aon
The ESG track record and strategy of a potential acquisition is now equally important as financials in M&A due diligence,…
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November 9, 2021
Munich Re calls for ‘immediate action’ on climate change
Munich Re has posted an improved third-quarter profit of €366m, compared with €199m for the third quarter of last year,…
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November 9, 2021
Rims backs US pandemic-risk backstop bill
Rims has given its support to a new pandemic insurance bill in the US, which would create a federal reinsurance…
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November 9, 2021
German floods hit Berkshire results but BHSI continues growth path
Berkshire Hathaway reported a chunky underwriting loss in the third quarter, mainly incurred by its reinsurance businesses and driven by…
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November 8, 2021
Self-insurance accounts for 25% of workers comp benefits paid out in US
Employers that self-insure their workers compensation exposure in the US are paying an increasingly larger share of the benefits that…
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November 8, 2021
Swiss Re CorSo to expand in hard market
Swiss Re Corporate Solutions (CorSo) has set out its growth ambitions in the hard market, which the corporate insurer expects…
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November 5, 2021
Price increases and exposure growth drive Liberty Mutual profit hike
Liberty Mutual has reported net income of $721m and $2.346bn for the three and nine months ended 30 September 2021.…
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November 3, 2021
Second version of PRIA introduced to deliver US pandemic backstop
Congresswoman Carolyn Maloney has introduced a second iteration of the US Pandemic Risk Insurance Act (PRIA) legislation that would establish…
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November 2, 2021
Johnson & Johnson moves to settle Risperdal litigation for $800m
Pharmaceutical firm Johnson & Johnson (J&J) has settled the majority of 9,000 lawsuits over its anti-psychotic drug Risperdal and set…
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November 2, 2021
Further hardening expected as rates drive 6% premium growth at Hiscox
Hiscox reported rate increases of 13% across Hiscox London Market for the first nine months of 2021, while rate increases…
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November 1, 2021
Documents name Chubb as liability insurer for Baldwin movie
The production company for the Rust movie site where cinematographer Halyna Hutchins was killed and director Joel Souza wounded, had…
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October 29, 2021
Asia commercial insurance prices increased 6% in third quarter, says Marsh
Commercial insurance prices in Asia increased 6% in the third quarter of 2021, according to Marsh’s Global Insurance Market Index.…
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October 28, 2021
US rate increases slowing in fourth quarter but rate and capacity challenges continue
The fourth quarter of 2021 shows signs of limited relief as US rate increases appear to be slowing down for…
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October 28, 2021
Greenberg expects hardening to continue despite moderation
Chubb recorded 15% rate increases in international commercial retail business and 12% in North American commercial lines during the last…
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October 27, 2021
US commercial pricing continues to harden, according to IVANS Index
Premium renewal rates continued to increase year over year in the third quarter of 2021 for all major US commercial…
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October 27, 2021
Liberty Mutual appoints executive VP to global risk solutions
Liberty Mutual Insurance has appointed Neal Bhatnagar as executive vice-president, major accounts casualty, global risk solutions, with effect from 8…
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October 26, 2021
European buyers faced moderating rises in Q3 as market looks to have peaked, says Marsh
Price increases for commercial insurance in continental Europe and the UK moderated during the last quarter, finds Marsh’s Global Insurance…
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October 22, 2021
Marsh says no sign of softening as index shows 15% Q3 rate rise
Marsh said there is little sign of the hard market ending anytime soon, as its Global Insurance Market index reveals…