GRM Insurance
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May 14, 2024
New carbon capture and storage insurance product from Aon
A new insurance product designed specifically for international transport and storage companies that are engaged in storing carbon dioxide has…
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May 14, 2024
Italian credit insurer opens office in Singapore
Italian state credit insurer Sace has opened an office in Singapore that it says it will use to support a…
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May 14, 2024
WTW teams with local insurer to roll out war cover for on-land cargo in Ukraine
Broker WTW has partnered with Ukrainian insurer VUSO to cover cargo and war-on-land risks in the country in a “market…
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May 14, 2024
Victor expands capacity for US builders risk and contractors equipment
MGA Victor Insurance Managers, a unit of Marsh, has entered into an agreement with Berkshire Hathaway Specialty Insurance to expand…
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May 13, 2024
Global reinsurers focus on Chinese and wider Asian growth
The world’s leading reinsurers have all recently publicly revealed healthy annual and first-quarter results and made commitments to push for…
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May 13, 2024
Asia set to become the next big cyber insurance market
Asia is set to become a major market for cyber insurance, as China steps up its cyber activities ahead of…
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May 13, 2024
New product recall offering from Tokio Marine HCC Specialty Group
A new product recall offering has been launched in London by Tokio Marine HCC – Specialty Group with two senior…
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May 13, 2024
PoloWorks launches MGA incubator
Lloyd’s and London Market insurance services business PoloWorks has launched a new MGA incubator. Polo MGA provides services to both…
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May 13, 2024
Brazilian floods put focus on risk prevention failures as climate change hits
Unprecedented floods that hit southern Brazil in the past two weeks have killed more than 100 people and caused levels…
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May 13, 2024
Lloyd’s insurers prevail in ‘Zoombombing’ coverage fight
A California judge has ruled that Lloyd’s of London underwriters did not breach an errors and omissions (E&O) policy when…
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May 13, 2024
Malaysian insurance association appoints new board
The Malaysian insurance association (Persatuan Insurans Am Malaysia – PIAM) has announced the appointment of its board of directors for…
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May 10, 2024
Social inflation set to continue driving US liability rates: AM Best
Social inflation has pushed losses for multiple US casualty lines above economic inflation, with the trend set to continue and…
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May 10, 2024
New management liability policy from digital MGA Aurora
Aurora, a UK-based digital commercial insurance platform, has launched its second specialist offering – a management liability policy – in…
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May 10, 2024
Rate hikes slow for most US lines in April
Commercial insurance rates continued to rise for all major US lines except workers’ compensation last month, but the pace of…
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May 10, 2024
Liberty Mutual’s Q1 profit rebounds to $1.5bn
Liberty Mutual’s first-quarter net income rebounded to $1.54bn, compared with a $74m net loss for the same period last year.…
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May 10, 2024
WTW says transactional risk market still firmly in buyers’ favour and predicts cautious approach to M&As
The market for transactional risk insurance is still heavily favouring buyers, with rates well below historical averages as the number…
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May 9, 2024
Positive news for Asian risk managers as softening continues: Aon
Aon has reported that the moderating insurance market conditions that emerged for most lines of property and casualty insurance across…
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May 9, 2024
Howden’s data analysis finds insurers should be taking on more cyber risk
New research from Howden concludes that data indicates the insurance industry could, and should, bear more cyber risk that it…
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May 9, 2024
LSM unveils contractors all risks digital trading solution with Howden
A new contractors all risks (CAR) digital trading solution has been launched by Liberty Specialty Markets (LSM) in London in…
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May 9, 2024
WTW increases global cyber facility capacity and widens coverage
WTW has increased the capacity of its global cyber facility by 50% and broadened coverage following feedback from clients. Capacity…