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Boeing grounding limits cut to $250mn before latest 737 Max debacle
The 737 Max fleet was previously grounded in 2019 following the fatal crashes of Lion Air Flight 610 and Ethiopian Airlines Flight 302, when Boeing had a $500mn sub-limit on such claims.
Aisling Finn
,
11 January 2024
IGI hires Dual’s Taylor as financial institutions expansion continues
The carrier has been growing its financial institutions team and recently appointed Mark Warrilow from Price Forbes.
Samuel Casey
,
11 January 2024
BHSI confirms Holding appointment as UK head of marine
The senior underwriter has 35 years’ experience in marine business.
Rachel Dalton
,
11 January 2024
InsurTech Hyperexponential secures $73mn in Series B funding
As part of the fundraise, Marcus Ryu, Battery Ventures partner, and a16z general partner Angela Strange will join Hyperexponential’s board.
Aisling Finn
,
11 January 2024
Political, tech and cat risks remain the hotspots in a fragmenting world
Insurance competition remains vibrant in some of the segments that remain most exposed to persistent risks highlighted by the flagship World Economic Forum report.
Fiona Robertson
,
11 January 2024
UK Storm Henk threatens insured losses of £150mn: PwC
The scale of the claim is expected to be just within the expected total weather losses for insurers.
Samuel Casey
,
10 January 2024
Biba calls for scrutiny on FCA’s competitiveness objective in 2024 manifesto
The trade body also urged a proportionate approach to regulation of the broking sector.
Rachel Dalton
,
10 January 2024
Zurich adds SiriusPoint’s Gaughan for upstream in Dubai
Gaughan took over the leadership of SiriusPoint’s energy underwriting operation last year.
Samuel Casey
,
10 January 2024
Aviva’s main cat programme sails home with ~130% placement level
The carrier also signed down some Lloyd’s players due to differential pricing.
Rachel Dalton
,
10 January 2024
Generali to become 100% shareholder in Generali China in EUR99mn deal
The Italian carrier will buy out joint venture partner CNPC Capital.
Rachel Dalton
,
10 January 2024
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