US investment group acquires Bermuda-based re/insurer for $2.1bn

Delay in start-up and contingent business interruption covers are becoming trickier to obtain as projects become more complex and elements such as on-site power plants are introduced

Hedge fund reinsurer drops 10% as Bermuda-based re/insurer SiriusPoint falls 9% in torrid week for insurance and reinsurance stocks

Artificial intelligence can enable wholesale brokers to service small books of business, which would otherwise be uneconomical, says chief executive of newly launched broker Novella

Kinetic Insurance Services will write complementary portfolio of business and provide access to ‘new and emerging markets’

Becerra has called for rate freeze, while Kim proposes public catastrophe insurance programme

Insurers and their clients will need to treat political risk as a permanent feature of the operating environment, warns WTW’s Sam Wilkin

Rates-on-line fell by as much as 25% at June 1 with cedents achieving improvements to structures and terms, Howden Re said

Leading gubernatorial candidate wants a price freeze, while insurance commissioner candidate Jane Kim is calling for a public natural disaster insurance system

Trial to determine liability set to begin on June 1

NAMIC and APCIA object to bills, which state governor pledges to sign

The distinction between litigation assignment and traditional funding is essential for effective management of commercial disputes and litigation risk

Insurance Day’s basket of stocks falls by 2.4% this week with only four stocks gaining in value

Moody’s analysis highlights widening gap between growing flood risk and insurance coverage, with risk most concentrated in Southeastern coastal areas

Syndicate 1987 will focus on long-tails lines, including casualty re/insurance, political risk and trade credit

Property and casualty insurance premiums grew by 3.8% to €2.32bn last year, Allianz report finds, as pricing normalises after boom years