Recent attacks on ships in the Red Sea and a drought plaguing the Panama Canal area have wreaked havoc on global shipping, leading to a more than quadruple increase in prices since late 2023, according to a report by Swiss Re.
Coverage Disputes, P/C Insurers Axa
Global advisory, broking and solutions company WTW, has announced the appointment of Anthony Borgman to the newly created role of Head of Affinity Great Britain.
Agents and Brokers, Cyber Risks, D&O, Emerging Risks, Risk Management, Technology, Workers Comp Coverage Alliant Insurance
Current Issue, Cyber Risks, D&O, E&O, Excess and Surplus Lines, Marine, P/C Insurers, Political Risk, Property Bermuda Axa
The Cyclone Reinsurance Pool, a reinsurance arrangement between insurers and Australian Reinsurance Pool Corporation (ARPC), has significantly reduced insurance premiums and improved insurance availability for Australians living in cyclone-prone areas, according to a recent analysis.
Auto liability, D&O, E&O, General liability, Marine, Mergers and Acquisitions, P/C Insurers, Property, Regulation
Agents and Brokers, Reinsurance India
P/C Insurers, Reinsurance United Kingdom Lloyd’s of London
Global insurer American International Group (AIG) has announced the appointment of Dimitry Zilberud as Head of Marine for the Asia Pacific (APAC) region.
With the composite rate for US P&C insurance increasing slightly from 3.9% in Q1 to 4.36% in Q2, Richard Kerr, CEO of Novatae Risk Group, noted that “there was no significant movement in rates for any coverage or industry group” given that insurers are comfortable with pricing.
Catastrophes, Coronavirus, Emerging Risks, General liability, P/C Insurers, Property
