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US insurance regulators turn attention to AI

As the use of artificial intelligence becomes increasingly pervasive in the insurance sector, US regulatory bodies have been taking steps to manage the risks posed by this new technology

United States Technology

London market outlook upgraded by AM Best

Ratings agency raises forecast from ‘stable’ to ‘positive’ amid 'strong' pricing environment

London Reinsurance

Darag acquires another Cayman captive

Deal includes significant long-tail UK employers' liability exposures

Cayman Islands Casualty

Tokio Marine units join exodus from California market

Trans Pacific Insurance and Tokio Marine America Insurance will begin sending non-renewal notices on July 1

United States Casualty

Axis names Morley US head of E&O

Morley joins from Argo Pro, where she was senior vice-president

United States Axis Capital

Allstate tallies $731m in Q1 catastrophe losses

US property/casualty group books $328m of pre-tax catastrophe losses during the month of March

United States Allstate

Travelers sees no immediate return to Florida homeowners' market

US insurance giant will continue to evaluate the Florida market, chief executive says

United States Travelers

James River completes sale of JRG Re

Sale of casualty reinsurance unit to Fleming Intermediate Holdings ends weeks of dispute between the two parties

Bermuda Casualty

The growth of social inflation in Mexico

The phrase ‘social inflation’ is not a common one in Mexico’s legal system but the phenomenon has been growing, particularly since the country’s 2011 constitutional reform

Mexico Casualty

Iran attack unlikely to have an impact on insurers: S&P Global

European re/insurers carry ‘relatively immaterial’ liabilities in Israel, rating agency says

Middle East and Africa Europe

MassMutual expands into P&C via partnership with Insurify

US life partners with online platform to add personal and commercial lines products to its roster

United States Casualty

Insurance CFOs worried about state of the economy

Most UK and Europe P&C insurers expect moderate growth this year, Moody’s survey finds

Europe United Kingdom
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