The International Underwriting Association’s Board has welcomed three new members, all senior leaders from the London company market.

Insurance Australia Group Limited (IAG) has confirmed that it has been served with a shareholder representative proceeding over its disclosures regarding COVID business interruption (BI) claims.

Obsidian Insurance Holdings, Inc. has increased surplus in its writing companies in order to raise capital through a successful senior notes issuance and additional capital investment from its existing equity holders, including Genstar Capital. This move aims to support the firm’s third consecutive year of premium growth over 50%.

After the severe flooding in central Europe between late May and early June, it is crucial for insurers and reinsurers to understand and manage this complex risk, which can be achieved using the latest generation of high-definition (HD) catastrophe risk models, according to Moody’s RMS.