Liability
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Advent launches ancillary product portal for brokers
Advent Solutions Management, the startup incubator and insurtech investor, has launched a portal-based provider of specialist ancillary products to brokers.…
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RMS questions Sendai Framework that aims to reduce nat cat risk
Nat cat expert Dr Robert Muir-Wood, chief research officer at RMS, has questioned the metrics behind the Sendai Framework that…
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Swiss Re makes key appointments in Asia
Swiss Re has hired a number of senior executives to head up its new property and casualty reinsurance underwriting hub…
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AM Best restores AIG ratings
Rating agency AM Best has removed AIG’s ‘under review’ status, which has been in place with negative implications since the…
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Berkshire Hathaway Specialty launches casualty coverages in UK and southern Europe
Berkshire Hathaway Specialty Insurance (BHSI) is introducing public and products liability insurance in the UK, Ireland and southern Europe, and…
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Swiss Re launches parametric insurance for Taiwan aquaculture
Global reinsurer Swiss Re has partnered with local specialist insurer Taiwan Fire & Marine Insurance to launch what it claims…
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AGCS works with Praedicat to identify future catastrophe liability risks
A new risk assessment methodology means that the next generation of catastrophe liability risks for businesses will be identified far…
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Insurance industry urges personal injury rate reform
Lump sum compensation payments for personal injury claims awarded by UK courts should be based on a more diverse portfolio…
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LMA calls for ‘major’ reform of Ogden rate
The UK system for calculating personal injury awards is at risk of overcompensating claimants, according to the London Market Association…
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New A&H package for Iberian businesses from XL Catlin
XL Catlin’s Iberian insurance operation has launched an accident and health insurance product aimed at businesses that want to meet…
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April weather losses set US on track for $10bn-plus bill in 2017: Impact Forecasting
US natural catastrophes notched another multibillion-dollar bill for insurers last month, according to the latest figures from Aon Benfield’s Impact…
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Zurich to take further action on commercial business
Zurich Insurance plans further actions to improve the performance of its commercial book, after reporting underwriting losses in Europe and…
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US commercial property/casualty rates still falling in 2017
Commercial property/casualty rates in the US have continued to decline in the first quarter of 2017, although there are signs…
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Zurich’s Q1 income falls on Ogden charges
Zurich Insurance has reported a 31% fall in net income to $607m in the first quarter, reflecting a $289m charge…
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TMK launches construction insurance online
Brokers can now quote and bind construction insurance online via Tokio Marine Kiln’s One TMK broker portal. Believed to be…
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Indonesia sues Thai exploration company for $2bn over 2009 oil spill
The Indonesian government is seeking more than $2bn in compensation from a Thailand-based exploration company over an oil spill…
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Novae Group closes its casualty division
Novae Group plc, the specialist Lloyd’s insurance group, has completed its underwriting reorganisation, withdrawing from casualty classes where it considered…
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Asia: All that glitters is not gold, says Hannover Re chief
Given the fact that emerging economic regions such as Asia are showing stronger rates of growth than mature markets such…
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Cat losses send US P&C insurers’ underwriting into the red
US property and casualty insurers recorded a $4.7bn underwriting loss last year, turning a 2015 profit of $8.9bn on its…
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New management liability products from Beazley address EU risk
Beazley has released two sets of products for organisations domiciled outside the US, one designed for the specific cyber needs…