News

Insurance

IAG severs ties with key executive over ethics and conduct violation

CEO says the company will hold people accountable for not meeting expected behavioural standards.   6 December 2023

Insurance

US commercial P&C renewal rates rise in November, led by auto

Workers’ compensation shows first annual increase in renewal rates in years.   6 December 2023

Insurance

HDI enters Asian A&H market with former QBE/Zurich/AIG talent

The insurer is eyeing new opportunities to grow its footprint in the region.   6 December 2023

Insurance

Gallagher snaps up US brokerage specialising in coverage for unions

The acquired retail property/casualty agency is based in Illinois.   6 December 2023

Reinsurance

Howden Tiger expands European business with Swiss broker buy

The acquired reinsurance broker was formerly part of the Baloise Group.   5 December 2023

Insurance

A spectre is haunting Europe — the spectre of social inflation: Zurich

A convergence of EU directives can create a ‘cultural shift’ and attract litigation financiers.   5 December 2023

Insurance

Hard market still riding on fear; the end is not in sight: WR Berkley

Investment earnings may eventually dent pricing, but too many players ‘stuck’ near-term.   5 December 2023

Insurance

Optio brings new capacity to political violence & terrorism market

The MGA has entered into an agreement with a new US-based carrier.   5 December 2023

Insurance

Zurich will further its lean into mid-market commercial insurance

The commercial portfolio remains overly tipped to Zurich’s large-corporate core.   5 December 2023

Insurance

US commercial lines have rate & discipline to defend margins: AM Best

Pricing momentum now ‘well past its peak,’ still underpins ‘robust underwriting results’.   5 December 2023

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