While broad shifts across the European casualty market are not expected, certain segments are experiencing the effects of key risk factors. Iris Urban, Chief Underwriting Officer P&C at NewRe, noted that developments such as claims inflation are driving loss costs, which need to be reflected in pricing, wording, and structures in specific areas.
Global ratings agency Fitch expects returns to remain favourable for Bermuda reinsurers in 2024 amid still attractive market conditions, with the underlying combined ratio anticipated to stabilise or improve slightly on the 85%-86% for 2023.
Markel, the insurance division of Markel Group Inc., has entered into an agreement to acquire The MECO Group Limited (MECO), a specialist marine managing general agent (MGA).
The earnings reports from Wall Street’s biggest banks are poised to get even more scrutiny than usual this week, as…
Agents and Brokers, P/C Insurers Alliant Insurance
Ledgebrook, a tech-enabled E&S MGA, has appointed E&S veteran Steve Mills as the company’s President, E&S.
ACORD, the standards-setting body for the global insurance industry, has released its 2022 Insurance Digital Maturity Study of the world’s 200 largest insurance carriers.
Marine, P/C Insurers, Property United Kingdom
According to a new US Faster Payments Council (FPC) report, more work is needed to ensure most faster payments products are financially inclusive.
Re/insurance broker WTW has announced the acquisition of Butterwire – a FinTech provider of data analytics, AI, and machine learning platforms.
Stellantis NV’s third-quarter revenues slumped 27% as the automaker shipped fewer cars from factories in most of its major markets….
Japanese bank Mizuho has made Microsoft’s OpenAI platform available to its 45,000 workers.
