Casualty
AM Best maintains stable outlook for US commercial lines
Rating agency cites ‘persistently strong’ underwriting results amid substantial economic and capital markets volatility
European mutual and co-operative market reports record premiums
The market reports total premiums of €509bn in 2022, driven by non-life growth of 4.9%
AM Best maintains negative outlook on US personal lines
Persistently high loss costs means a return to underwriting profitability for the segment over the near term appears highly unlikely, rating agency warns
Alliant launches consumer platform
US broker’s consumer business now places more than $6bn in premiums annually
Legal Focus: Speculative Singapore case a sign of increased risk for insureds and insurers
Outcome of fractional property development case may be of assistance for solicitors defending similar civil claims by former clients
Gallagher launches brokerage in Taiwan
Broker appoints Brian Wang chief executive of its new Taipei-based operation
Gallagher closes acquisition of Cadence Insurance
International broker completes $904m acquisition of the insurance broking operation of Cadence Bank
HDI Global insurance profits surge 75% on lower losses
Hannover-based industrial insurer reports insurance service result of €481m for the first nine months of the year as revenues climb 10% in the period
US non-standard motor market narrows H1 underwriting loss
Underwriting loss more than halves to $333m but rate inadequacy and claims inflation continue to plague segment
Geneva Association warns of ‘insurability challenge’
Geneva Association will add macro- and geoeconomic risks, and social and financial inclusion to its 2024-25 research agenda
Tokio Marine expands UK professional risks practice
Specialty insurer makes three underwriting hires to its UK regional teams
QBE warns on claims inflation as 9M premiums climb 10%
Australian giant expects ‘some current year strain and modest adverse development’ amid ‘more persistent’ claims inflation across a small number of portfolios
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