Howden’s Douglas: Parametrics “at the heart” of wider climate risk quantification | Parametric Insurer
The next five years will see the wider financial system adopt the metrics and methodologies of the insurance sector to quantify physical climate risk, Howden’s Rowan...
Gallagher appoints Zurich’s Richardson as energy risk engineer | The Insurer
Gallagher has appointed Darren Richardson as an energy risk engineer to support its oil and gas value chain operations.
Oak Re continues build-out with Lockton Re, Gallagher Re, Inigo and Nephila hires | The Insurer
Lloyd’s 1.1 start-up Oak Re is continuing to build out its underwriting team with a number of hires from both carriers and brokers, The Insurer can reveal.
Captives and competitiveness top industry agenda ahead of UK budget | The Insurer
An effective UK captive regime and a broader regulatory framework that prioritises competitiveness and accountability are top of the agenda for the UK’s insurance tr...
BP Marsh acquires 30% stake in SRT & Partners | The Insurer
Insurance-focused investor BP Marsh has acquired a 30 percent cumulative preferred ordinary shareholding in UK retail and London market broker SRT & Partners.
Six climate demonstrators arrested in WTW protest | Sustainable Insurer
Six members of Extinction Rebellion were arrested in the City of London on Tuesday after targeting the offices of WTW.
Chubb beats on earnings as P&C underwriting income climbs 11.7% to $1.46bn | The Insurer
Chubb reported third quarter earnings that included a P&C combined ratio that improved 70 basis points (bps) to 87.7 percent despite higher cat losses that inclu...
Gallagher records $811mn purchase price for 28 acquisitions in 9M 2024 | The Insurer
Arthur J Gallagher recorded a $811.0mn total recorded price for the acquisitions during the first nine months of this year.
Skyward reports Q3 earnings beat despite CR deteriorating 2 pts to 92.2% | The Insurer
Skyward Specialty has reported an earnings beat for the third quarter in results that included the combined ratio worsening by 2 points to 92.2 percent on higher cat...
Sinclair sues CNA and Starr for refusing to pay out $10mn layers for cyberattack BI losses | Cyber Risk Insurer
Media company Sinclair has sued two of its excess carriers for refusing to pay the $10mn limits that both provided under its $50mn cyber insurance program for busine...
SEC charges four companies for misleading cybersecurity disclosures | Cyber Risk Insurer
The Securities and Exchange Commission (SEC) has charged four current and former public companies – Unisys Corp, Avaya Holdings Corp, Check Point Software Technologi...
Axa XL launches cyber endorsement for US construction firms | Cyber Risk Insurer
Axa XL has launched a cyber insurance endorsement tailored for construction firms in the US, offering enhanced protection against cyber threats.
CBIZ insurance revenues up 4% in Q3 | The Insurer
CBIZ has reported benefits and insurance services revenues of $104.0mn for the third quarter, an increase of around 4 percent, with the company’s shares trading up 8...
FEMA: Over 54,000 NFIP claims filed after Hurricane Helene | The Insurer
More than 54,000 National Flood Insurance Program policyholders affected by Hurricane Helene have filed claims, according to the US Federal Emergency Management Agen...
Specialty admitted market helps drive programs growth at Brown & Brown | Program Manager
After Brown & Brown’s programs business delivered 22.8 percent organic growth in Q3, the firm’s president and CEO J Powell Brown said the unit will continue to b...
Judge dismisses Chubb unit’s lawsuit against NJ diocese over abuse coverage | The Insurer
A New Jersey federal court judge has dismissed Century Indemnity Co’s lawsuit against the Diocese of Trenton over coverage for sexual abuse claims, finding the court...
SageSure adds ex-Guy Carpenter CEO Hearn to board | Program Manager
New Jersey-based MGA SageSure has appointed former Guy Carpenter CEO Peter Hearn to its board of managers.
Platinum’s ISC gets Obsidian capacity for new HNOA program | Program Manager
Platinum Specialty Underwriters’ IPC division has inked a capacity partnership with Obsidian to support a new hired and non-owned auto insurance program, which is av...
Baloise to sell digital P&C insurer Friday to Allianz | The Insurer
Baloise Holding has announced the sale of its portfolio holdings in digital P&C insurer Friday, one month after Swedish activist investor Cevian Capital disclose...
Coalition enters UK cyber partnership with The Hartford | The Insurer
Cyber insurer Coalition has entered a new long-term capacity partnership with The Hartford in the UK.
Marsh: Global cyber rates drop 6% in Q3 with declines in every region | Cyber Risk Insurer
Cyber rate decreases globally held steady in the third quarter at 6 percent compared with Q2, according to Marsh, with rate declines slowing in the US but accelerati...
BP Marsh builds stake in Dowman’s Pantheon to 37% | The Insurer
BP Marsh and Partners Plc, the specialist insurance-focused early-stage investor, has acquired a further 5 percent shareholding in Pantheon Specialty, the ambitious ...
Liberty Mutual Re adds Axa’s Belin to agriculture and parametrics team | Parametric Insurer
Charlotte Belin has joined Liberty Mutual Re as a senior underwriter, agriculture and parametrics, based in Paris.