-
The company said the reduction was due to years of steady improvements. -
The aerospace, energy and marine markets all sustained multiple significant losses in H1.
-
The ruling comes as insurers face growing legal pressures following the January blazes.
-
There has been an uptick in UK retail firms buying cyber after a string of attacks.
-
There is a growing disconnect between risk and pricing in the class.
-
In North America, the median W&I claim payment in 2024 was $5.5mn, the highest on record.
-
David Turner previously spent more than 30 years at Amlin.
-
Errors and omissions claims made up 55% of all notifications, continuing a five-year trend.
-
Although US pricing is improving there is pressure in other geographies.
-
The firm believes UK support for policyholders is under-served compared with the US.
-
SRCC exposures are being studied more closely but fixing aggregation issues is a challenge.
-
Air India has a multi-year insurance arrangement in place.
