Liability
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Large account commercial P&C premiums lead downward trend: CIAB
US commercial P&C rates declined in Q4 across small, medium and large accounts for the eighth consecutive quarter, according to…
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Enstar takes on RSA’s £834m UK liability book
RSA Insurance Group has reinsured its UK employers’ liability legacy business in a £799m “risk clean-up” deal with Bermudian insurer…
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A good year ahead for Asian insurance buyers: Aon
Overall, 2017 should be a positive year for risk managers and insurance buyers, thanks to abundant capacity and decreasing rates,…
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International reinsurers flock to Mumbai to tap “huge opportunity”
International reinsurers continue to announce the creation of onshore reinsurance operations in India following the recent relaxation in rules designed…
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ILS market up to $75bn in 2016
The insurance-linked securities (ILS) market increased to $75bn last year from $70bn in 2015, according to Willis Capital Markets and…
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Flood model launched for Vietnam on back of insurance market boom
JBA Risk Management, the London-based risk modelling firm, has released what it says is the first ever high resolution, multi-peril flood model…
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Berkshire Hathaway expands to Malaysia and makes plans for Japanese cat market
US-based insurance and reinsurance group Berkshire Hathaway continues its energetic drive into the corporate insurance market in the Asia-Pacific region,…
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AIG ratings under review ahead of reserve announcement
Rating agencies AM Best and Fitch have placed AIG’s financial strength ratings under review ahead of the company’s 2016 fourth…
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S&P rates China P&C and life insurance markets
China’s P&C and life insurance sectors have been rated as intermediate risk by S&P Global Ratings. S&P said its assessment…
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Chubb appoints Dmitriev to drive emerging market growth
Nikolay Dmitriev, Chubb’s regional managing director for Russia, CIS and Turkey, is to take on the additional role of regional…
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Court ruling will likely spark liability policy wording review
Insurers will need to tighten policy wording for notification clauses following a landmark court ruling in the UK last week.…
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Insured catastrophe losses reach four-year high: Aon
Worldwide insured catastrophe losses totalled $54bn last year, making 2016 the costliest year for insurers since 2012, according to Aon…
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Business interruption tops Allianz risk poll in Asia
The threat of business interruption is the main concern for Asian businesses according to a global survey of more than…
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London MGA Pardus adds contingency facility
Pardus, the London-based MGA, has launched a contingency facility backed by Lloyd’s security led by XL Catlin. Wayne Paternoster has…
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BIBA launches product recall scheme with CFC Underwriting
A product recall scheme has been launched by the British Insurance Brokers’ Association (BIBA) through CFC Underwriting, the UK specialty…
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XL Catlin adds EIL insurance product in Ireland
XL Catlin has launched an environmental insurance product in Ireland that is tailored to address the Environmental Protection Agency’s (EPA)…
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Oasis cat model framework offers risk managers new insight
A new catastrophe modelling framework should help corporate risk managers gain better insight into the risks faced by their companies.…
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S&P assesses industry and country risk of Turkish P&C sector
The industry and country risk for the Turkish property and casualty (P&C) insurance sector is moderate, according to an assessment…
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Reinsurance prices fall further at renewal but pace of decline slows
Reinsurance buyers saw further price reductions at the January 2017 renewal, although the rate of reductions slowed, according to brokers.…
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Cat losses hit XL for $245m in Q4
XL Group has estimated net losses of $245m for catastrophe claims in the fourth quarter of 2016. Ahead of releasing…