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AM Best maintains stable outlook for US commercial lines

Rating agency cites ‘persistently strong’ underwriting results amid substantial economic and capital markets volatility

United States Casualty

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%

Europe Property

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

United States Casualty

Alliant launches consumer platform

US broker’s consumer business now places more than $6bn in premiums annually

United States Casualty

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

Singapore Casualty

Gallagher launches brokerage in Taiwan

Broker appoints Brian Wang chief executive of its new Taipei-based operation

Taiwan Brokers

Gallagher closes acquisition of Cadence Insurance

International broker completes $904m acquisition of the insurance broking operation of Cadence Bank

United States Casualty

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

Europe Talanx

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

United States Casualty

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

Risk Management International

Tokio Marine expands UK professional risks practice

Specialty insurer makes three underwriting hires to its UK regional teams 

United Kingdom People moves

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

Australia QBE
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