US Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Report September 11, 2024 By L.S. Howard Nuclear verdicts in the United States are breaking records with 27 court cases each awarding compensation of more than US$100...
Aspen and Allianz’s PIMCO Launch Casualty-Focused Reinsurance Vehicle April 17, 2024 Aspen Insurance Holdings Ltd. and PIMCO Investment Management Co. announced the formation of Pando Re Ltd., a Bermuda-domiciled collateralized re/insurer...
Worst Is Over: Most of Casualty Reserve Hole May Be Filled, Analyst Says March 25, 2024 By Susanne Sclafane Predictions that the property/casualty insurance industry is in the midst of repeating the type of loss reserving cycle that accompanied...
Markets/Coverages: Vantage Risk Introduces U.S. Primary Casualty Insurance February 20, 2024 Vantage Group Holdings Ltd., the Bermuda-based insurer and reinsurer, is offering U.S. primary casualty in addition to its existing Bermuda...
3M, DuPont Defeat Massive Class Action Over Forever Chemicals November 28, 2023 By Clark Mindock A U.S. appeals court on Monday handed 3M, Corteva Inc subsidiary E.I. du Pont de Nemours and Co and other...
Markets/Coverages: Canopius Expands Into US Excess Casualty Market September 19, 2023 Canopius Group, the London-based specialty re/insurer, announced the strategic expansion of its U.S. casualty business with its entry into the...
Global Insurance Prices Continue to Moderate in Q2 With Exception of Property: Marsh July 31, 2023 Global commercial insurance pricing rose 3% in the second quarter of 2023, down from 4% in Q1, according to Marsh,...
Chubb’s Greenberg: Start Questioning the Societal Benefits of Litigation Funding May 4, 2023 By Chad Hemenway Chubb CEO Evan Greenberg said society and the business community need to start asking questions regarding the purpose of third-party...
Koch Industries Gets $2.5B in Dividends From Unit That Offloaded Asbestos Liability January 26, 2023 By Dan Levine and Mike Spector Industrial conglomerate Koch Industries received nearly $2.5 billion in dividend payments last year from its Georgia-Pacific unit, which had spun...
How a Bankruptcy ‘Innovation’ Halted Thousands of Lawsuits from Sick Plaintiffs June 24, 2022 By Dan Levine and Mike Spector Attorney Greg Gordon sat before a packed hotel ballroom of bankruptcy lawyers who had come to hear him hold court...