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TL sector faces potential $400mn loss from Amazon-South Carolina tax dispute

Sources said that CAC Specialty brokered the policy, which is placed across the US and London markets.

Catrin Shi, 01 November 2023
Insured losses from Hurricane Otis could reach $6bn: Verisk

Verisk said the majority of the insured losses can be attributed to wind damage.

Aisling Finn, 01 November 2023
Global property pricing decelerates over Q3: Marsh

Commercial insurance pricing remained flat, increasing by 3% globally over the period, the same as the prior quarter.

Abbie Day, 01 November 2023
WTW engages exec search firm to draw up reinsurance talent map

Work is at an exploratory stage, with efforts focused on London specialty and US P&C mid-market expertise.

Adam McNestrie, 01 November 2023
Hamilton aiming to raise up to $270mn with IPO

The carrier is offering 15 million Class B common shares, according to a registration statement filed with the SEC.

Aisling Finn, 01 November 2023
Pen promotes Summerfield to head of cyber

He currently serves as commercial director of Pen’s hazardous goods and environmental industries niche within its specialty division.

Abbie Day, 01 November 2023
Chaucer places aviation insurance business into run-off

The carrier said the decision was the culmination of a “series of strategic portfolio adjustments”.

Aisling Finn, 01 November 2023
Hurricane Otis will ‘have a negligible credit impact’ on Mexican (re)insurers: Fitch

The ratings agency also said economic and insured losses caused by Otis have reached $16bn.

Aisling Finn, 01 November 2023
US results: Property E&S growth continues as casualty balances inflation risks

With US third-quarter reporting season being well underway, the results so far highlight further runway for the hard property E&S market.

Fiona Robertson, 01 November 2023
Hurricane Otis industry loss estimates range from $1.8bn-$6.5bn: AM Best

More than three-quarters of local exposure is ceded to highly rated reinsurers through excess of loss protection, according to the rating agency.

Kyoung-son Song, 31 October 2023

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