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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

United Kingdom Casualty

Everest launches insurance business in Italy

The launch in Italy follows the Bermuda-based group’s recent expansion into other key international markets

Europe Casualty

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

United States Casualty

Alberta to shift to no-fault system under motor insurance reforms

Canadian province unveils reforms to address rising cost of collision-related lawsuits

Canada Casualty

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

United Kingdom Distribution

Gallagher acquires THB Chile

Fast-growing US broker expands footprint in Chile with deal for retail intermediary 

Chile Property

Florida’s HCI to launch fifth operating unit

New unit part of Florida carrier's plans to triple in size 

United States Property

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

United States Property

Defending litigation essential to tackling social inflation: Allianz

Number of ‘nuclear verdicts’ of more than $10m has nearly tripled since 2020

United States Casualty

Non-life premium growth to slow: Swiss Re

Economic growth will remain steady, but warnings of upside inflation risks

International Property

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

Europe Property

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

United Kingdom Legal focus
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