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Casualty

 

 

Vermont adopts new captive insurance legislation

State halves minimum capital requirements for agency captives and liberalises rules on parametric contracts

United States Regulation

US homeowners' sector posts worst underwriting result since 2011

Market's combined ratio deteriorates 6.5 points to 110.5% in 2023

United States Casualty

Ascot inks partnership with MGA Paragon

Specialist carrier will support multi-line managing general agent’s public entity casualty insurance programme

North America Ascot

Egypt passes insurance reform

New law increases capital requirements for insurers and reinsurers

Egypt Property

US commercial rates rise 7.7% during Q1: CIAB

Commercial motor drives rate acceleration as other lines post flat or lower pricing compared to previous quarter

United States Casualty

There is a lot of headroom for growth in the Lloyd’s market: Duncan Dale

Dale Underwriting Partners, together with its MGU joint venture with Howden, has the potential to write $1bn in gross premiums by 2026,  the Lloyd's carrier's chief executive says 

London Lloyds

London under pressure as foreign markets grow

Latest London Matters report finds London has increased market share in commercial insurance but reinsurance share declines and US and Bermuda ramp up competition

London Casualty

Legal Focus: UK reforms have contributed to significant reduction in whiplash claims

The Civil Liability Act 2018 and the Whiplash Injury Regulations 2021 have helped shape the claims landscape for the better

United Kingdom Legal focus

Workers' comp remains most profitable US line in 2023

Sector achieves seventh consecutive year with a combined ratio of better than 90%

United States Casualty

Re/insurers indicate manageable Baltimore bridge losses

The Francis Scott Key Bridge incident likely to be the largest marine loss in history, but re/insurers are guiding to losses from the Baltimore bridge collapse being within expectations

North America Reinsurance

North America commercial rates begin to stabilise: WTW

Ample capacity is available across many lines of business, the broker says

North America Willis Towers Watson

US commercial insurance sector continues to outperform personal lines

The US P&C sector's combined ratio improved to 101.6% in 2023 but the industry still recorded its second consecutive annual underwriting loss

United States Casualty
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