Casualty
Allianz working on new India joint venture: report
German firm has reached ‘preliminary agreement’ with Ambani-backed company
Munich Re to acquire remaining 71% of US insurtech Next
Reinsurance giant moves to strengthen foothold in the US small commercial primary insurance market
D&O survey finds growing worries about litigation
Health and safety remains top concern for executives, followed by digital issues, with worries about bribery, human rights violations and supplier abuses, WTW survey finds
Lloyd’s 2024: Casualty reinsurance profits fall amid reserve strengthening
Underwriting profits decline 78% to £89m in 2024
US insurers post first annual underwriting profit in four years
US property/casualty sector posts underwriting profit of $22.9bn on a combined ratio of 96.6%
Allianz exits Indian joint ventures for €2.6bn
German insurance giant to sell 26% stakes in life and non-life joint ventures with Bajaj Group
California provisionally clears State Farm for emergency rate hike
Insurer must justify rate increases with data, cease non-renewals and secure $500m capital infusion from parent company
Synthetic data can fill the risk modelling gap
Generative artificial intelligence tools can be deployed to extrapolate existing data and fill gaps in the information available to models, says Xceedance’s Brandon Nuttall
E-scooter regulations are evolving in the UK and Republic of Ireland
Further regulation is needed to mitigate the risks associated with e-scooter use and ensure responsible driving
New York sues Allstate over data breaches
Lawsuit alleges National General unit failed to report data breach that exposed drivers’ licence numbers and lacked reasonable safeguards to protect drivers’ private information
US rating upgrades rise in 2024 as downgrades decline
Rating upgrades climb to 42 from 35 the year before, driven by the commercial lines sector, analysis by AM Best finds
Chubb forms NA small and lower mid-market unit
Group appoints Rob Poliseno as division president to head the new unit
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