Casualty
Allianz taps AIG's Lillelund for AGCS chief executive
German insurance giant hires AIG executive to lead big-ticket business
London company market premiums climb 10% to £48.4bn in 2023
Property premiums surged to £12bn last year, as marine becomes third-largest company market class and cyber continues strong growth
Sentry to acquire American Family non-standard motor unit for $1.7bn
Acquisition will complement US multi-line carrier's existing Dairyland non-standard motor business
The Republic of Ireland’s medical claims landscape is shifting
Changing rules might mean a surge in claims for insurers
Palomar names Sapia as head of E&S casualty
Specialty insurer hires HDI Global executive to drive growth of new division
Property drives Q2 slowdown in US commercial rates
Commercial insurance rate increases slow to 5.9% in the second quarter from a hike of 6.3% during the first quarter, WTW survey finds
Wildfires prompt evacuations in California and Nevada
Cooler weather is expected to moderate fire activity later this week
Munich Re ‘will not hesitate to give up volume’ in troubled US liability
Capital is adequate but reinsurance market is not ‘super-hot’, senior executives say
Axis eyes $600m growth initiatives as it continues specialty drive
Bermuda-based carrier remains ‘very cautious’ about casualty reinsurance business, senior executives tell Insurance Day
Social inflation drives 57% increase in US liability claims over 10 years: Swiss Re
Signs social inflation is starting to impact other jurisdictions such as UK, Australia and Canada, reinsurance giant warns
Casualty cedants face tough renewal talks amid reserve adequacy fears
As the Rendez-Vous de Septembre begins, cedants and their brokers are gearing up for challenging renewal discussions ahead of casualty covers incepting on January 1
Insurers should welcome latest ruling on arbitration
Privy Council’s decision in Sian Participation Corp (in liquidation) v Halimeda International affirms a party choosing arbitration will not be limited in its choice of future legal remedies
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