Casualty
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
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
Tokio Marine expands UK professional risks practice
Specialty insurer makes three underwriting hires to its UK regional teams
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
Talanx completes Liberty Brazil acquisition
Deal propels Talanx's HDI International unit into top two property and casualty insurers in Brazil
Florida approves Condo Owners as new insurer
Carrier is the latest property/casualty insurer to enter the state’s residential property insurance market
Global premium growth to slow in 2024: Swiss Re
Reinsurance giant predicts global premium growth of 2.6% as profitability expected to improve amid higher investment returns and better underwriting results
Liberty Mutual Re makes senior casualty hire
Reinsurer appoints Swiss Re’s Chisolm to develop an assumed casualty treaty reinsurance portfolio in US
US court rules car makers must face insurer lawsuit over thefts
Hyundai and Kia must face a lawsuit filed by hundreds of motor insurers looking to recoup losses arising from vehicle thefts encouraged by TikTok videos
Arkansas places United Home into liquidation
Insurer overwhelmed by hundreds of claims related to tornadoes, hailstorms and wind events, as well as its inability to secure adequate property catastrophe reinsurance cover
Oneglobal hires Lim to lead Singapore corporate team
Broker targets Asia expansion with Bowring Marsh hire
Hallmark pares Q3 loss on lower adverse development
US property/casualty group cuts combined ratio to 150.1%
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