Liability
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Cyclone Debbie insured losses expected to peak at $900m
The total insured losses from Cyclone Debbie have reached $897m, with just a minimal amount of claims expected to trickle…
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Business must protect travelling staff
Organisations are not doing enough to ensure their travel risk strategies are fit for the 21st century realities of business…
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ProSight puts its Lloyd’s syndicate into run-off
US specialty insurer ProSight Specialty has placed its Lloyd's operation into run-off, according to a market bulletin from Lloyd’s corporation.…
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Berkshire Hathaway unit’s ‘bait and switch’ marketing halted by regulator
Berkshire Hathaway subsidiaries that used ‘bait and switch’ marketing tactics to sell a workers compensation insurance product have been forced…
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Swiss Re Corporate Solutions opens new UK regional office
Swiss Re Corporate Solutions has opened an office in Manchester to strengthen its regional presence in the UK commercial insurance…
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Hudson Structured and MultiStrat complete workers’ compensation LPT
Investment manager Hudson Structured Capital Management has invested $20.1m in preferred shares in a reinsurance vehicle that will assume $35.3m…
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MarketScout sells workers’ comp unit to fund insurtech expansion
MarketScout, the Dallas, Texas-based insurance exchange and managing general agent (MGA), has sold its workers’ compensation MGA to Specialty Program…
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India’s nuclear insurance pool attracts international interest
A nuclear insurance pool set up in 2015 by the Indian government to provide liability coverage for nuclear power plants…
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MPI Generali launches corporate insurance business in Malaysia
MPI Generali Insurans Berhad, a joint venture between Italian insurer Generali and Malaysia-based Multi-Purpose Capital Holdings Berhad, has opened a…
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XL Catlin boosts international pollution liability unit
XL Catlin has announced the promotion of Adias Gerbaud to head its international environmental unit. In her newly expanded role,…
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Uncertainty to continue for insurers exposed to UK liability business
Insurers exposed to UK liability business continue to face uncertainties over claims levels, as a result of the change to…
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Sompo Canopius expands trade credit offering with new hires
Sompo Canopius has announced that it is establishing a new book of excess of loss short-term trade credit business, and…
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Accelerated rate reductions at Florida P&C reinsurance renewals
Reinsurance rates for Florida’s property and casualty (P&C) business fell for the sixth year at 1 June renewals, with the…
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Pioneer expands engineering unit, appoints underwriter
Pioneer Underwriters has announced the appointment of Dan Watson as an underwriter in its engineering division. Mr Watson reports directly…
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Dale Underwriting announces contingency and sports personal accident capability
Dale Underwriting Partners, managed by Lloyd’s third-party managing agency Asta, has unveiled its new contingency and sports personal accident business.…
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Global insurance rates fall for 16th quarter, but pace of decline slows
Global insurance rates have now fallen every quarter for the past four years, but the rate of decline slowed for…
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Allied World sets up UK commercial unit
Allied World Assurance Company has launched a new division to house its UK commercial business. The new unit will be…
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TMK launches VFX and post-production media insurance
Tokio Marine Kiln (TMK) has launched a hybrid product, VFX and Post-Production Media Insurance, for companies specialising in online or…
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Blend launches in Sydney after renewal deal with Beazley
A newly approved Lloyd’s syndicate service company, Blend Insurance Solutions, has been launched in Sydney following a deal with Beazley…
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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.…