News

Technology

Hiscox harnesses AI to automate terrorism & sabotage underwriting

Model assess risk using Google Cloud's large language model.   12 August 2024

Insurance

Beazley rides CrowdStrike easy street on below-par notifications

Notifications are a fifth of that seen in MOVEit attack, a third of the Change Health attack.   9 August 2024

Insurance

Zurich grows bottom line 7% H1 even as P&C stalls

Insurance revenue growth may have slid notably in Q2; retail margin falters.   8 August 2024

Insurance

Liberty Mutual warns: US casualty trailing loss cost & tail risk

‘A lot of naïve capital’ is arriving to spoil the market, particularly in excess layers.   9 August 2024

Reinsurance

Munich Re pushes past the cats to boost Q2 margins

Q2 major losses rose 60% y/y to €957m; leaving more than 5 ratio points to overcome.   8 August 2024

Insurance

Beazley’s property appetite won’t wane on slowing rate as E&S shines

Some 1/3 of Beazley’s E&S property will shift from Lloyd’s to new US platform this year.   9 August 2024

Insurance

Unrelenting consensus: it’s a rugged 2024 Atlantic hurricane season

Major drivers ‘near record’ with rising chance of storm-supportive La Niña for big finale.   9 August 2024

Reinsurance

Munich Re wants to add more ‘global’ to its specialty drive

A chiefly organic drive is mulled, but the units’ initial market in the US could see M&A.   8 August 2024

Insurance

Hurricane Debby losses up to $2bn, ‘manageable’ for re/insurers: claim major brokers

Private insurers and the NFIP are expected to face hundreds of millions in losses.   9 August 2024

Reinsurance

SiriusPoint nearly doubles Q2 profit, MGA consolidation paying off

The re/insurer trimmed expenses and benefited from a jump in other revenues.   2 August 2024

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