Risk Specialty
-
April 17, 2024
Market softening could move towards further rate cuts for downstream energy buyers
WTW says there is “light at the end of the tunnel” for downstream energy insurance buyers after a “tumultuous” couple…
-
April 17, 2024
Q1 2024 records $20bn in nat cat losses: Gallagher Re
Insured losses from global natural catastrophes totalled $20bn in Q1 2024, according to estimates from Gallagher Re, almost 40% lower…
-
April 17, 2024
Litigation likely to flow from US ‘forever chemicals’ regulation
The US Environmental Protection Agency’s (EPA) recent establishment of safe levels of so-called forever chemicals in drinking water will likely…
-
April 17, 2024
Howden launches Red Sea cargo war risk coverage
Global broker Howden has launched what it claims is the first cargo war risk facility to cover vessels in the…
-
April 17, 2024
Dual Europe acquires Swiss Re’s marine team
International MGA Dual Europe has bolstered its marine underwriting capability after acquiring the Genoa-based marine team from Swiss Re. Under…
-
April 17, 2024
BHSI expands global marine capabilities in US
Berkshire Hathaway Specialty Insurance (BHSI) is expanding its global marine capabilities in the US with the launch of ocean marine…
-
April 16, 2024
Singapore regulator acts to bolster cyber resilience
The Monetary Authority of Singapore (MAS) and Mastercard have signed a Memorandum of Understanding (MoU) to enhance cooperation over cybersecurity,…
-
April 16, 2024
Climate campaigners take Portuguese state to appeals court
Climate action groups have launched an appeal to Portugal’s Supreme Court of Justice in the country’s first climate litigation case.…
-
April 16, 2024
Spain’s data privacy agency reports 43% rise in consumer complaints
Spain’s data privacy agency reports that complaints by consumers against companies and public entities reached a new record last year,…
-
April 16, 2024
Record growth in 2023 for UK group risk market
The UK group risk market saw another record year of growth in 2023, with big increases in death benefits, long-term…
-
April 16, 2024
Specialty credit insurer Convergence set for launch
Plans for a new credit insurer, Convergence, that will initially target clients in Europe and North America have been unveiled…
-
April 16, 2024
US rate increases accelerate a touch in Q1, says Ivans
US commercial insurance rate increases accelerated across most major lines of coverage during the first quarter, according to a report…
-
April 15, 2024
Fire safety manufacturer pays $750m to settle PFAS class action
Irish-headquartered US smart building firm Johnson Controls International's subsidiary Tyco will pay $750m to settle a class action alleging its…
-
April 15, 2024
US cyber rate rises fall again but CyberCube warns of public sector attacks in election year
Public sector bodies and government agencies are at an increased risk of cyberattack this year, with electoral infrastructure particular under…
-
April 15, 2024
Miller expands cargo offering in Asia Pacific
Miller, the London-based (re)insurance broker, has announced the appointment of Alberto Ferriolo, further strengthening its cargo capabilities in APAC. Alberto…
-
April 15, 2024
First-ever cat bond issued for sustained cloud outage losses
New York-based MGA and Lloyd’s coverholder Parametrix and Hannover Re have launched and issued Cumulus Re, the first-ever catastrophe bond…
-
April 15, 2024
New parametric flood product for US business interruption
A new sensor-enabled parametric flood insurance product to support business interruption coverage in the US has been launched by insurtech…
-
April 15, 2024
Negative outlook for US general liability sector, says Best
Worsening social inflation, medical expenses and litigation financing, which are leading to rising claims losses and legal costs, together with…
-
April 15, 2024
Cybersecurity experts McAfee joins Brokerslink
Cybersecurity firm McAfee has joined Brokerslink to help the network boost its clients’ cyber resilience. Brokerslink said McAfee will enhance…
-
April 12, 2024
Marsh calls on insurers to resist urge to automatically exclude tough cyber risks
The insurance market must resist the urge to automatically exclude difficult cyber risks and overly focus on a small set…