Claims trends
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As demand rises across the digital asset space for multiple forms of crypto-related insurance, competition is building. -
According to the Civil Unrest Index, protest activity has soared over the past two years.
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The global insurer will pick up a $650mn portfolio of US casualty business.
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The company and its main debt provider Ares agreed to relax its debt terms in April.
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The protection covers the US insurance book for the 2024 and prior accident years.
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The broker said insurers were facing increasing pressure to improve financial performance in claims.
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The recent Iumi conference highlighted the impact of waning globalisation and tariffs.
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The ratings agency was presenting its outlook ahead of the Monte Carlo Rendez-Vous.
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Emerging lawsuits and expanding loss triggers are giving rise to potential claims under a range of policies.
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Plus, the latest people moves and all the top news of the week.
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Claims were concentrated in the US, with a significant increase in D&O class actions.
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Ex-Tropical Cyclone Alfred has been the costliest event, with A$1.36bn in losses.
