Courts split on retailer liability
Coverage Disputes, Current Issue, Excess and Surplus Lines, P/C Insurers
Insurers see big losses from Ian, but scope still unclear
Agents and Brokers, Auto liability, Catastrophe Modeling, Catastrophes, Construction, Marine, P/C Insurers, Risk Management Liberty Mutual, Munich Re, Willis Towers Watson, Zurich
Challenging outdated perceptions necessary to address re/insurance talent gap: MS Amlin
The London reinsurance market faces a looming crisis due to a lack of new talent. A recent survey by MS Amlin revealed that 68% of Britons would not consider an insurance career, while London Market Group figures show as many staff over 50 as under 30 (24% in each group).
Challenging times for Turkish insurers: Fitch
Turkish insurers’ earnings and capital adequacy will likely come under severe strain in 2022-23 as they face one of the most challenging environments of the past decade, according to Fitch Ratings.
Fleming files lawsuit against James River and executives concerning JRG Re purchase
Fleming Intermediate Holdings has reportedly filed a lawsuit for securities fraud, common-law fraud, and breach of contract in federal court against James River Group and its CEO and CFO concerning Fleming’s purchase of JRG Re from James River for approximately $300 million.
Gallagher Re adds former investment bank exec
Agents and Brokers, Reinsurance Arthur J. Gallagher & Co.
AIG reports continued rate hikes
Aviation, Catastrophes, Cyber Risks, Financial Results, P/C Insurers, P/C Pricing, Property, Reinsurance, Risk Management Asia-Pacific & Australasia, Central & Eastern Europe, Middle East/Africa, Russia AIG
Resolution Life closes block reinsurance transaction with Anshin Life in Japan
Global life insurance group Resolution Life has entered into a reinsurance agreement with Tokio Marine & Nichido Life Insurance Co. Ltd. (Anshin Life), a domestic life insurance subsidiary of Tokio Marine Holdings, its first block transaction since Nippon Life’s proposed acquisition of Resolution Life.
Wildfire losses at record highs, but likely won’t affect insurer ratings
Auto liability, Catastrophes, P/C Insurers, Property, Reinsurance Liberty Mutual, The Travelers Cos.
Group risk market shows positive growth despite uncertainties: Swiss Re
The UK group risk market continued to show positive growth last year, proving resilient in the face of sustained economic and market uncertainty, according to analysis by Swiss Re.
Alliant brokers barred from soliciting business from former clients at MMA
Agents and Brokers, Employment Practices Alliant Insurance, Marsh & McLennan