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
Workers' comp remains most profitable US line in 2023
Sector achieves seventh consecutive year with a combined ratio of better than 90%
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 commercial rates begin to stabilise: WTW
Ample capacity is available across many lines of business, the broker says
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
Farmers to resume new writings in California
Move follows carrier’s recent decision to lift its moratorium on writing new commercial motor policies in the state
Axa XL names Sawyer head of London casualty reinsurance
Executive will oversee carrier's cyber reinsurance proposition as well as US and international casualty treaty offering
CSAA names Zukerman chief executive
Zukerman was previously executive vice-president and chief legal officer at California-based insurance group
Bowhead Specialty launches IPO
Insurer aims to raise up to $107m through initial public offering
AmCoastal income from continuing operations falls 22%
Florida-based carrier agrees to sell its New York-based Interboro Insurance business to Forza Insurance
Definity underwriting income jumps 39% in Q1
Canadian group benefits from lower core accident-year claims and expenses and higher favourable prior-period reserve development
Liberty Mutual COR improves 8.4 points
US giant posts operating profit of $1.27bn in the first quarter of the year with a combined ratio of 95.5%
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