News

Insurance

When can D&O policies pay general liability claims?

It is not unusual for the proceeds of a D&O policy to be assigned in a corporate bankruptcy, but is the PG&E case a genuine outlier or the sign of a trend, asks Ralph Stainbank of Liberty Mutual Reinsurance.   7 November 2023

Insurance

Regional insurers eye tougher renewal as reinsurers get selective

This renewal will be calmer than last year’s, and reinsurers will be looking at clients on a case-by-case basis: Aon.   7 November 2023

Insurance

Hiscox retains A+ rating despite recent losses

AM Best said it has a strong track record of earnings.   6 November 2023

Insurance

Markel hires AIG exec into digital role

It has appointed digital & portfolio executive.   6 November 2023

Insurance

Miller taps Lockton for new financial lines lead in Asia

The recruit has also worked for JLT, Willis and Price Forbes.   6 November 2023

Insurance

Rokstone bolsters marine team, eyes $100m goal

It has hired underwrites from Liberty and Starr Insurance.   6 November 2023

Insurance

Property casualty sector’s overall reserves improved in 2022

The US property casualty insurance sector reported favourable reserve development for the 17th consecutive year: AM Best.   6 November 2023

Insurance

Banks are using insurance models to assess risk

Use of insurance models by banks could lead to their demanding borrowers build more climate-resilient structures: Moody’s RMS.   6 November 2023

Insurance

Insurers could return to underwriting profit on homeowners policies, says Aon

A falling inflation rate and stable claims should lead to underwriting profit by 2025, according to a new report from the broker.   6 November 2023

Insurance

2023 will be the year of the retained loss: Aon

2023 has seen 31 insured losses globally of more than $1 billion—yet there have been no losses higher than $7 billion.   6 November 2023

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