Casualty
Insurers warned of increasing health and safety costs
UK’s Health and Safety Executive is showing increased willingness to take action for health and safety offences even where no damage or injury has occurred
Everest launches insurance business in Italy
The launch in Italy follows the Bermuda-based group’s recent expansion into other key international markets
AM Best raises outlook on US personal motor sector to stable
Move follows stabilisation of the sector’s underwriting results in the first half of the year
Alberta to shift to no-fault system under motor insurance reforms
Canadian province unveils reforms to address rising cost of collision-related lawsuits
Managing general agents are extending their reach
Firms should ‘stay resilient’ to their underwriting principles when facing a reducing rating adequacy environment, Managing General Agents' Association chief executive says
Gallagher acquires THB Chile
Fast-growing US broker expands footprint in Chile with deal for retail intermediary
Florida’s HCI to launch fifth operating unit
New unit part of Florida carrier's plans to triple in size
Helene and Milton drive Allstate's $286m of October catastrophe losses
This includes $102m from Hurricane Milton and $144m of unfavourable reserve development tied to September's Hurricane Helene
Defending litigation essential to tackling social inflation: Allianz
Number of ‘nuclear verdicts’ of more than $10m has nearly tripled since 2020
Non-life premium growth to slow: Swiss Re
Economic growth will remain steady, but warnings of upside inflation risks
Swiss Re books 9M P&C net income of $603m
Reinsurance giant added $2.4bn to its prior-year US liability reserves in the third quarter
New failure to prevent fraud offence will impact D&O insurers
Insurers should consider the scope of D&O cover provided ahead of the UK’s Economic Crime and Corporate Transparency Act coming into force
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