Purdue Pharma seeks to set up captive as insurance dries up
Alternative Risk Transfer/Captives, General liability, P/C Insurers AIG, Chubb Ltd., Zurich
2022 US Insurance Awards: RT Specialty, Wholesale Brokerage Team of the Year
Agents and Brokers, Cyber Risks, Emerging Risks, Excess and Surplus Lines, Technology
AXIS Capital appoints Erik Rasmussen as Head of US Healthcare Reinsurance
AXIS Capital Holdings Limited, a global specialty underwriter and provider of insurance and reinsurance solutions, has announced the appointment of Erik Rasmussen as Head of US Healthcare Reinsurance.
Delaware court holds off issuing TRO in Marsh-Howden dispute
Agents and Brokers, Risk Management Howden, Marsh & McLennan
HCI’s Condo Owners Reciprocal Exchange gets ‘A’ rating from Demotech
HCI-sponsored reciprocal insurer, Condo Owners Reciprocal Exchange (CORE), has secured a Financial Stability Rating of ‘A’, Exceptional, from Demotech.
Property, casualty policies may be exposed to virus claims: Experts
Catastrophes, Coronavirus, D&O, Emerging Risks, P/C Insurers
Supreme Court abortion ruling complicates medical malpractice insurance environment
Alternative Risk Transfer/Captives, Current Issue, Regulation, Risk Management
Moody’s maintains stable outlook on US life insurance
Moody’s Ratings has issued a stable outlook for the US life insurance sector in 2025, citing steady economic growth, and sustained high interest rates as key drivers.
Insurance Europe lends support to IAIS Holistic Framework
Insurance Europe, the European insurance and reinsurance federation, has commented on the progress of the Holistic Framework and the Insurance Capital Standard (ICS), which it sees as an “important achievement” despite challenges regarding implementation.
Marsh McLennan Agency acquires agency in Washington state
Agents and Brokers, Mergers and Acquisitions Marsh & McLennan
Lockton promotes Harsh Chhajer to Power & Energy Growth Leader, Asia
Lockton, a global independent insurance brokerage, has announced the promotion of Harsh Chhajer to Power & Energy Growth Leader, Asia.
Swiss Re committed to California despite wildfire challenges: CFO Dacey
In an interview with CNBC, Swiss Re CFO John Dacey said the firm won’t retreat from California despite recent wildfires, emphasising its ability to price the risk effectively and support insurers, just as it does in Florida’s private residential market.
Premium renewal rates continue upwards trajectory: IVANS Index
Nearly all average premium renewal rates for major commercial lines of business remain up year-over-year and increased compared to last month, according to the May results of the the insurance premium renewal index by IVANS, a division of Applied Systems.