Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh February 5, 2025 By L.S. Howard Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 –...
Markets/Coverages: MGA Rokstone Expands Portfolio Into Financial Institutions February 5, 2025 Rokstone, the international speciality re/insurance MGA that is part of the Aventum Group, has announced the launch of a D&O...
Australia Bans DeepSeek From Government Tech Over Security February 5, 2025 By Ben Westcott Australia has banned DeepSeek AI services from all government systems and devices, becoming one of the first countries to take...
UK Commits £2.65 Billion to Tackle Rising Flood Risk February 5, 2025 By Olivia Rudgard The UK will spend £2.65 billion ($3.31 billion) on flood defenses to protect homes from the growing risks posed by...
Allianz, IAG Said to Mull Bids for Top Western Australia Insurer February 5, 2025 By Harry Brumpton, Manuel Baigorri and Stephan Kahl Insurance firms Allianz SE and Insurance Australia Group Ltd. are among parties considering bidding for Western Australia’s top insurer, according...
Oil Tanker Attacked Last Year Crosses Red Sea as Houthi Ceasefire Holds February 4, 2025 Liberian-flagged crude oil tanker Chrysalis, which was attacked by Yemen’s Houthis last year, sailed through the Red Sea this week,...
Generali to Remain in Charge of Investment Decisions in BPCE Deal, Won’t Cut Stake February 4, 2025 By Gianluca Semeraro Generali to remain in charge of decisions over how to allocate its own clients’ savings under the asset management deal...
China Hits Back With Targeted Tariffs After Trump Imposes New Levies February 4, 2025 By Trevor Hunnicutt and Kevin Huang China on Tuesday imposed tariffs on some U.S. imports in a swift response to new U.S. duties on Chinese goods,...
Viewpoint: Delegated Underwriting Authority Enterprises Offer Insurers Competitive Edge February 4, 2025 By Dawn Walker The growing adoption of data-driven underwriting and predictive analytics has given delegated underwriting authority enterprises (DUAEs) a competitive advantage within...
Gallagher Bassett Buys London-Headquartered W K Webster & Co. February 3, 2025 Arthur J. Gallagher & Co. announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired W K...