The seizure of MSC Aries by Iran’s Revolutionary Guard at the weekend is the latest in a series of headwi...
UAE floods set to cause “sizeable influx” of local claims with ri recoveries to limit impact on domestic market
A “sizeable influx” of local insurance claims is expected in the UAE and Oman on the back of record rainfall in the region,...
A “sizeable influx” of local insurance claims is expected in the UAE and Oman on the back of record rainfall in the region,...
Article / 2 days ago
Nordic P&C carriers face “painful” Q1 as weather and large losses bite
The challenging weather across the Nordic region during the first quarter is expected to take its toll on the quarterly earnings of Tryg, Sampo and...
The challenging weather across the Nordic region during the first quarter is expected to take its toll on the quarterly earnings of Tryg, Sampo and...
Article / 9 days ago
AM Best: No significant property insurance impact from NY ‘quake
The 4.8 magnitude earthquake that shook New York and the surrounding area on Friday morning is expected to have no significant financial impact on property insurers in the region,...
The 4.8 magnitude earthquake that shook New York and the surrounding area on Friday morning is expected to have no significant financial impact on property insurers in the region,...
Article / 12 days ago
Taiwan quake: a reminder of the major BI risk in the semiconductor supply chain…
Rescue efforts are continuing in Taiwan after the country suffered its strongest earthquake in 25 years while people headed to work and school early on Wednesday....
Rescue efforts are continuing in Taiwan after the country suffered its strongest earthquake in 25 years while people headed to work and school early on Wednesday....
Article / 16 days ago
AM Best downgrades State Farm General to B on policyholder surplus deterioration
AM Best has downgraded the financial strength rating to B (Fair) from A (Excellent) of State Farm General Insurance Company, the unit of the personal lines giant...
AM Best has downgraded the financial strength rating to B (Fair) from A (Excellent) of State Farm General Insurance Company, the unit of the personal lines giant...
Article / 22 days ago
MS Amlin “re-engaging with reinsurers” over Covid settlements
MS Amlin has revealed it is now “re-engaging” with the reinsurers of Syndicate 2001 over Covid-19 BI recoveries following the settlement of the long-running...
MS Amlin has revealed it is now “re-engaging” with the reinsurers of Syndicate 2001 over Covid-19 BI recoveries following the settlement of the long-running...
Article / 23 days ago
Insurers settle Tottenham Hotspur BI dispute ahead of London trial
A coalition of UK insurers has settled a long-running legal dispute with Premier League football club Tottenham Hotspur over the payment of claims...
A coalition of UK insurers has settled a long-running legal dispute with Premier League football club Tottenham Hotspur over the payment of claims...
Article / 23 days ago
Baltimore bridge loss estimated at $1bn-$3bn with Lloyd's share $250mn+
Early analyst estimates are converging around an industry loss of between $1bn and $3bn for the collapse of the Francis Scott Key Bridge in Baltimore...
Early analyst estimates are converging around an industry loss of between $1bn and $3bn for the collapse of the Francis Scott Key Bridge in Baltimore...
Article / 23 days ago
Significant P&I claim likely after Britannia-registered
A significant P&I claim that may trigger the International Group of P&I Clubs reinsurance arrangements is likely, after the container ship Dali caused...
A significant P&I claim that may trigger the International Group of P&I Clubs reinsurance arrangements is likely, after the container ship Dali caused...
Article / 25 days ago
No limits to creative interpretation? Thoughts on Various Eateries and Gatwick Investment
Mark Pring, partner at Reed Smith, takes a deep dive into two of the most recent UK rulings in the Covid-19 BI litigation saga and...
Mark Pring, partner at Reed Smith, takes a deep dive into two of the most recent UK rulings in the Covid-19 BI litigation saga and...
Article / 25 days ago