Federal government wants to launch scheme for subsidies and reinsurance by next year, as policymakers urged to deny rebuilding aid where flood danger is high

Insurers welcome end of three-year rule, but hurricane risk may keep prices high

Claims count hits new annual record of 49,679 in 2023

Carmichael succeeds Patricia Kocsondy at the specialty carrier

US giant’s year-to-date catastrophe losses surpass $1.2bn

The sale is part of AIG’s strategy to divest itself of life and retirement operations to focus on its general insurance business

Berkshire stake boosts Chubb's share price as Swiss Re climbs on strong results 

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

Chubb's share price shot up to $273.02 in after-hours trading 

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

The international broking group renames its reinsurance businesses Price Forbes Re

Bermuda-based reinsurer says exposure to Baltimore bridge loss is 'within expectations' as it guides to 'low 80s' combined ratio

Florida’s last resort carrier increases budget for this year’s programme

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

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

Move follows carrier’s recent decision to lift its moratorium on writing new commercial motor policies in the state