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Dan Ascher

Published by this author:

  • Endurance has become the latest carrier to move into the US environmental liability market, as firms rush to fill the void left by American International Group (AIG) following its withdrawal from the sector at the beginning of this year.
  • Goldman Sachs has added AIG to its “Americas conviction list” following a “strong” set of second quarter results from the insurance giant.
  • AmTrust has ended a long-running feud with its former Italian medical malpractice broker Trust Risk Group and its CEO Antonio Somma, the insurer said in a US Securities and Exchange Commission filing last month (20 July)
  • The price of directors' and officers' (D&O) coverage fell heavily in the second quarter despite projections of an increase in class action litigation to levels not seen since the financial crisis.
  • Rate reductions continued in the US commercial P&C sector during the second quarter as carriers aggressively priced renewals to prevent books being taken to market, according to the latest survey results from the Council of Insurance Agents & Brokers (CIAB).
  • Big three broker Marsh has warned insurers that some of its clients may look to break longstanding relationships as the market shows signs of flattening out