Liability
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Lloyd’s opens in India as results suggest tough renewals ahead for risk managers
Lloyd’s has officially opened its India branch and welcomed MS Amlin as its first underwriting syndicate. The ceremony, which took…
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New and more costly claims driving up liability losses: AGCS
Corporate risk managers are facing larger and more complex losses resulting from a growing number of liabilities than ever before,…
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Beazley launches Anything Lineslip at Lloyd’s
It used to be said you can insure almost anything at Lloyd’s. Now Beazley has launched Anything Lineslip, which promises…
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Japan’s commercial quake insurance gap unlikely to narrow in short term: Fitch
Japanese corporates continue to be significantly underinsured for commercial earthquake risk, despite the large economic losses incurred in the March…
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Lloyd’s continues expansion but must watch combined ratios and reserves
If the Lloyd’s insurance market is a decent yardstick for the state of the international commercial and specialty insurance and…
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Managing complex casualty risks through global programmes
The US is the biggest economy in the world, so it is natural that companies want to continue to expand…
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UK consults on Ogden personal injury compensation rate
The UK and Scottish governments have launched a consultation to consider new approaches to the discount rate applied by courts…
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New and more costly claims driving up liability losses: AGCS
Corporate risk managers are facing larger and more complex losses resulting from a growing number of liabilities than ever before,…
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Chaucer appoints Murphy to senior class underwriter role
Chaucer, the specialist Lloyd’s insurance group, has appointed Joe Murphy as senior class underwriter in the casualty division. He will…
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Asia contributes to 42% increase in insured global disaster losses in 2016
Insured losses from global disasters increased by 42% in 2016 to $54bn from $38bn, according to Swiss Re Institute’s sigma…
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Singapore insurance sector posts lower profits as competition intensifies
Intense competition in a mature and competitive economy meant that Singapore’s non-life insurance sector posted premiums slightly up but reduced…
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Australia’s Insurance Council declares catastrophe in wake of Cyclone Debbie
A category four cyclone that hit the northeastern coast of Australia on Tuesday 28 March has led to mass evacuations…
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Insured global disaster losses rise 42% in 2016
Insured losses from global disasters increased by 42% in 2016 to $54bn from $38bn, according to Swiss Re Institute’s sigma…
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Ogden rate change could triple personal injury claims: Marsh
Companies that face increased costs following the new discount rate for personal injury claims introduced by the UK government last…
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Chubb launches online broker platform for SME clients
Chubb Ignite is a new online platform for brokers and their small and medium-sized (SME) and middle market clients in…
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CEO outlines Kenya banking challenges
Kenya’s banking industry is still paying the price resulting from the receivership of three banks in late 2015 and early…
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Japan insurers’ global expansion justified by operating results: AM Best
The decision by Japan’s leading non-life insurers to significantly expand their international operations through high profile acquisitions in the past…
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Insurers start raising rates after Ogden change
Insurers have started the first of several expected rate increases for UK liability insurance after changes to the Ogden rate…
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BHSI boosts professional liability offering and hires new head
Berkshire Hathaway Specialty Insurance (BHSI) has launched professional liability coverage for large, complex technology-related risks and has appointed Geoffrey Kendrick…
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Munich Re eyes growth – and threats – in cyber space
Munich Re backpedalled a little on its corporate specialty business last year, but still wants to grow its portfolio in…