A number of Lloyd's carriers are embroiled in legal action in New York over the alleged theft of $400mn of oil by Moroccan refinery Société Anonyme Marocaine de l'Industrie du Raffinage (Samir), court documents show
Carriers in areas of New South Wales and Queensland that were hit by Cyclone Debbie in late March are weighing commercial rate hikes of up to 20 percent, according to a report.
A number of Lloyd's carriers are embroiled in legal action in New York over the alleged theft of $400mn of oil by Moroccan refinery Société Anonyme Marocaine de l'Industrie du Raffinage (Samir), court documents show
Increased awareness of cyber risk and improved offerings in the insurance market are behind a steady climb in the take-up of coverage, according to the Council of Insurance Agents and Brokers (CIAB)
AM Best has said it will not directly use Solvency II results in its rating assessments over concerns the regime does not provide an accurate picture of carriers' balance sheets.
