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Tokio Marine GX was launched in May to offer coverage for companies looking to decarbonise.
Fidelis, Liberty and Hive are among the insurers with the greatest exposure.
The medical professional liability firm is targeting further healthcare opportunities.
Plus, the latest people moves and all the top news of the week.
The broker said the appointments are designed to drive growth.
The technology will help analyse growing and emerging risks, especially climate change.
The medical liability carrier said the deal marks a strategic shift.
Total revenues grew 12% due to the contribution from acquisitions.
In March 2024, Cowen was appointed to lead Chubb’s new international transactional liability platform.
Coface Lloyd’s Syndicate 2546 is expected to commence underwriting in 2025.
The latest hires follow Rob Hale’s move to Willis.
John Neal was due to start at Aon as global reinsurance CEO in September.
Airmic has been lobbying the government to introduce a captives framework for years.
The broker made several senior energy hires from Marsh last year.
The strategy is a 10-year plan to drive growth in UK financial services.
The US accounted for 92% of all global insured losses for the period.
US events accounted for more than 90% of global insured losses.
The outcome of the consultation includes a detailed timetable for delivery.
The MGA has recently added casualty and specialty reinsurance divisions.
The MGA has secured Lloyd’s paper to write crypto theft insurance.
State legislation has led to major strides in rate adequacy.
The company launched into the contingency market in the wake of the Covid-19 pandemic.
The trade body sent an open letter to the UK Chancellor ahead of her Mansion House speech.
The executive has spent 13 years in the broker’s marine division.
Competitor news
What Your Competitors are Reading
Financial news
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Claims were concentrated in the US, with a significant increase in D&O class actions. -
SiriusPoint will provide 100% capacity for Pen’s international PI portfolio.
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Continued Apax and Carlyle support will give PIB time to differentiate its business.
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Insider On Air: Our Webinars & Podcast Channel
Behind the Headlines Podcast
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In Partnership With DualConnie Germano discusses social inflation, collaboration, and limits in the evolving excess casualty market.
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In Partnership With ArchPaul Sullivan shares updates on Arch's growth strategy and the evolving delegated authority market, at the Target Markets 2024 Conference.
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In Partnership With MSIG USADan Riordan, Head of Political Risk at MSIG, discusses the rising demand for political risk and credit insurance due to global infrastructure growth across the U.S., Europe, and emerging markets.
From our other titles
From our other titles
From our other titles
From Insurance Insider US
Allianz seeks to double Americas premiums in five years: Williams
The global carrier plans to hire around 300 people in the next several years in the Americas and has already filled 60 roles thus far.
From Insurance Insider ILS
Mercury’s wildfire cat bond among upsizing July deals
Some $400mn of bonds priced in the past week, after a record-setting H1.
From Insurance Insider ILS
Members Capital launches first ILS fund to accept stablecoin
The fund’s ILS portfolio is split between 70% property cat and 30% cyber risk.
From Insurance Insider ILS
Swiss Re’s nat cat premium volumes flat in renewals year to date
The reinsurer had $2.8bn of natural catastrophe business up for renewal in the year so far.
From Insurance Insider ILS
Conduit Re will ‘invite’ third-party investors as it expands ILS over time
The reinsurer has already dipped into the cat bond market with its Stabilitas Re retro deals.
From Insurance Insider ILS
Florida rates likely to remain stable through 2025: HCI CEO
With plenty of reinsurance capacity, CEO Patel said it’s been a “boring year” for treaty negotiations.
Insurance Insider US provides robust insights, sharp analysis and exclusive news on the London and global (re)insurance markets.
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