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Despite a 9.9% growth in net earned premiums, the US property/casualty industry reported a $21.2 billion underwriting loss in 2023, according to a report by AM Best.
This Ironshore executive didn’t get into fine art on purpose, but has developed expertise in its beauty and its risks.
The emerging casualty liability of sports concussions rivals asbestos in scope.
Disaster recovery plus infrastructure projects stretch builders; sureties could be next.
After a Nat Cat, traditional insurance can fall short in its timeliness and breadth of coverage. An industry exec discusses an alternative.
It’s not that these risks are new; it’s that they’re coming at you at a volume and rate you never imagined before.
For a company that’s changing the way people drive, building the right insurance program was a collaborative accomplishment.
Looking for consistency in carrier management and in your underwriter relationship makes sense.
Global piracy is being mitigated while insurers hold steady on policies and practices.
Ethos Specialty Insurance is launching into the competitive, but potentially lucrative program business as an MGA. R&I queried Michael Sillat, the CEO of this Ascot Group subsidiary, on his hopes for the launch.
The first formal marine insurance policy was created around 1350.
Cyber business interruption insurance is a thriving market, but growth carries the threat of a mega-loss.
Captive insurance for cannabis could be a viable option.
Environmental, property and primary auto liability are some lines expected to see hikes.
There are billions to be made, but those transporting the product tread carefully.
Conditions seem ripe for rates to rise, but overcapacity in excess & surplus and elsewhere hinders hardening.
XL Catlin’s data chief seeks not to replace underwriters, but to empower them to do their jobs better than ever before.
After a year of heavy losses, marine underwriters are imposing rate hikes despite plentiful market capacity.
A presentation held in London drives home the point that flood modeling has a long way to go.
Our 2018 Insurance Executives to Watch drive a renewed focus on underwriting.
Big storms add urgency to reforms on transparency and repeat claims.