Daily news and analysis on insurance industry trends, regulations, and market insights
Italian firm Cambiaso Risso Marine SpA has entered Brazil’s marine and naval insurance market through a joint venture with Rio de Janeiro-based Korsa Riscos and Seguros Ltda., Hellenic Shipping News r
South Korean firm KB Insurance Company Ltd. has established a local subsidiary in London to prepare for investments in Lloyd’s of London syndicates, ChosunBiz reported. If finalized, the investments a
Italy-based Assicurazioni Generali SpA has received in-principle approval to launch Syndicate 2031 Red Bridge at Lloyd’s in 2027, Artemis reported. The sidecar-like syndicate will assume a portion of
The state’s Insurance Department found 38 personal lines filings with decreases for some policyholders, including an average 14% auto cut from Farmers and 5% home reductions from Liberty Mutual.
Travelers reported higher third-quarter earnings as commercial insurance pricing stayed largely stable and investment income rose. Net income increased 2% to $1.92bn in the quarter. Net written premiu
A peer-reviewed commentary argues traditional cost-sharing does more harm than good for curative cell and gene therapies
Valuations and provenance carry a work from sale to policy, while authenticity sits outside standard cover until a claim puts it to the test
Marsh has launched two construction insurance facilities – one for UK contractors managing road projects and the other to protect critical plant and equipment. The broker said the facilities, underwri
A military service member has died after he fell hard as he rappelled from the ceiling to midfield before a University of Texas at San Antonio football game where the military was honored. Nellis Air
The Melbourne acquisition extends a pattern of employee communications deals that now spans four countries
Clients want a clearer rationale for what they retain and what they transfer, and parametrics and captives are increasingly part of that conversation
The late-season hurricane known as Isaias has so far produced about 47,000 claims in Florida, with estimated insured losses at $582 million, carriers have reported to the Florida Office of Insurance R
Violent protests in France on Oct. 17 damaged roughly 1,500 retail outlets, causing hundreds of millions of euros in losses, according to Alexandre Bompard, president of the Federation of Retailers, U
Syndicate 2031 will take a share of Generali’s outward reinsurance, backed by third-party capital, from 2027
This summer’s wildfires in France caused estimated insured losses of up to 563 million euros ($634 million), according to France Assureurs, France 24 reports, citing AFP. The country endured its hotte
The US Supreme Court declined to hear a challenge by Alphabet’s Google to a US Patent and Trademark Office rule that the company argued has insulated older patents from validity reviews and help
The integration puts cyber alongside commercial lines renewals, giving brokers a prompt to raise cover earlier in the sales process
Axa XL on Monday named former Everest Insurance executive Erin Bouren underwriting manager for E&S casualty in the Western U.S. San Francisco-based Ms. Bouren will report to Laura Johnson, head of
Insurance losses from severe convective storms (SCS) in France, Germany, Switzerland and Italy at the end of August are estimated to cost €3.3bn, according to Perils. Known as Raphaela, the storms bet
The global average medical trend rate is projected to fall to 9.0% in 2027, down from 9.8% in 2026, according to Aon’s 2027 Global Medical Trend Rates Report. The report, based on surveys of mor
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