Global Insured Natural Disaster Claims Again Dominated by Severe US Storms: Gallagher April 18, 2024 By L.S. Howard Global insured losses from natural catastrophes in the first quarter were estimated at $20 billion, with US claims accounting for...
A Turnaround Story: Boost People, Then Financial Results, Aspen CEO Says April 16, 2024 By L.S. Howard Executive Summary: When Mark Cloutier took the helm of Aspen to return the company to profitability, he knew a vital...
The New Norm? Global Insured Losses for Nat Cats Keep Breaking Records: Swiss Re April 15, 2024 By L.S. Howard Global insured losses from natural catastrophes in 2023 totaled $108 billion, exceeding US$100 billion for the fourth consecutive year –...
R&Q to Sell Stake in Obra Joint Venture for $30M, Expects “Significant Pre-Tax Loss” April 12, 2024 By L.S. Howard R&Q Insurance Holdings, (R&Q) the Bermuda-based non-life speciality insurer that focuses on program management and legacy insurance business, announced it...
Global Election Super-Cycle Raises Risk of Political Violence, Large Insurance Losses April 11, 2024 By L.S. Howard Almost half the world’s population will go to the polls before the end of 2024, which raises the threat of...
Inflation Contributes to Rising Loss Costs for US Commercial P/C Insurers: Fitch April 9, 2024 By L.S. Howard Inflation is bringing rising loss costs for US commercial property/casualty insurers, according to Fitch Ratings, which reviewed reports from three...
Arch Insurance to Buy Allianz’s U.S. MidCorp & Entertainment Insurance Businesses April 5, 2024 By L.S. Howard Arch Insurance North America, part of Bermuda’s Arch Capital Group Ltd., announced it has entered into an agreement to acquire...
US D&O Insurance Segment’s Improved Results Unlikely to Be Sustainable: Fitch April 4, 2024 By L.S. Howard The U.S. directors and officers (D&O) liability insurance segment’s strong underwriting profit of 2023 is unlikely to be sustainable, according...
Lloyd’s Reports Banner Year in 2023 but “Disciplined Underwriting” Must Be Maintained April 1, 2024 By L.S. Howard The strong 2023 results at Lloyd’s reaffirm the primacy of underwriting, “but it’s one year and therefore not a reason...
The New Norm? Global Insured Losses for Nat Cats Keep Breaking Records: Swiss Re March 26, 2024 By L.S. Howard Global insured losses from natural catastrophes in 2023 totaled $108 billion, exceeding US$100 billion for the fourth consecutive year –...