News

Insurance

Near-term, UK cyber rates may slide; mid-term it’s anybody’s guess: AJG

Capacity says rates must go down, unknown unknowns say rates could go anywhere.   22 April 2024

Insurance

Chubb taps internal talent pool for North American regional leadership

The promotions aim to execute Chubb’s ‘ambitious plans’ in Mid-Atlantic region.   22 April 2024

Insurance

Chubb eyes expansion in pet insurance niche with acquisition of Aon MGA

The purchase aims to extend Chubb’s reach in a ‘vastly underpenetrated market.’   22 April 2024

Insurance

Broker Aon could close purchase of NFP in days, well ahead of target

Aon had justified the move on the need to muscle in on mid-market, at no cost to brokers.   22 April 2024

Insurance

AIG sees departure of general insurance chair in speeded retirement

Group CEO Peter Zaffino credits the former Lexington CEO with major role in AIG recovery.   22 April 2024

Insurance

Airlines had $8bn in aircraft assets at-risk in Dubai airport flooding

Emirates leads the list with nearly 70% of the 190 aircraft on the ground at its home hub.   22 April 2024

Insurance

PERILS pegs Babet-Aline storm damage at €691m in 6M update

The British isles took the brunt of the storms at £474m, chiefly flood damage.   22 April 2024

Insurance

Insurers have paid ¥74.4bn to end-March on Noto earthquake

To-date payments puts the New Year’s event in 7th place on the Japanese earthquake ranking.   22 April 2024

Insurance

Hard markets and remediation pay off: London Market put to positive

‘Strong’ pricing across most lines spells solid underwriting profit, AM Best says.   22 April 2024

Insurance

Travelers still won’t touch Florida, sees further reform needs

Tort reform helped, but mandatory cat costs for admitted players skews the field.   22 April 2024

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