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Tokio Marine HCC has hired a team of four underwriters and claims handlers from Axis to work as part of the delegated property team...
Ascot Group president Jonathan Zaffino has said that some parts of the (re)insurance market still have more rate hardening ahead, as underwriters push for rate adequacy...
There has been such a huge build-up to the verdict in the FCA BI test case tomorrow, and there is so much riding on it, that there is a palpable hunger on all sides for certainty...
Lloyd’s is expecting losses in the “low hundreds of millions” of pounds if the outcome of the Financial Conduct Authority’s (FCA) BI test case goes against the (re)insurance industry...
Lockton is the target of a High Court lawsuit accusing the broker of forging documents and emails to deceive a client and retain a lucrative relationship with Axa, according to the Financial Times...
Guy Carpenter will become lead reinsurance broker for Aviva’s property account, replacing Willis Re, in the first major sign that staff raids since the Aon deal are bearing fruit, Insurance Insider can reveal...
Insured losses from Storm Ciara/Sabine, which struck the UK and Europe in February, are expected to come in at about EUR1.61bn ($1.82bn), according to Zurich-based loss aggregator Perils...
With the court hearing for the Financial Conduct Authority’s (FCA) test case for BI pandemic cover now at a close, the ruling which judges return in the autumn is likely to be one of the most important findings in insurance law for a generation...
A campaign group has asked insurers to support its call for a public-private carrier to protect the UK against all known “super perils” to improve resilience in the face of major disasters...
Property catastrophe reinsurance rates rose by 26 percent at the 1 June renewals, following the fastest period of quarterly rate rise in 18 years in the...
