Insurance

Lloyd’s confirms Schrader as general counsel

She stepped into the role on an interim basis in August 2023.

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Market consolidation a catalyst for 'substantial prospects’: BP Marsh

The company completed investments in Ai Marine, Pantheon and Verve.

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QBE takes Marsh's Finan for major risks team

Finan was VP of construction and infrastructure at Marsh.

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$195m fine for sham insurance peddler

The Federal Trade Commission obtained a $195m judgment against Simple Health, which sold insurance p...

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UK insurers urge new public-private schemes to deploy £100bn investment

Concerns lack of suitable projects could undermine post-Brexit reforms designed to boost domestic in...

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The West Is Sabotaging a Global Pandemic Treaty

International talks over a treaty aiming to avoid a repeat of the COVID-19 catastrophe are on the ve...

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The Biden name: How the president’s brother became embroiled in a hospital fiasco

In 2017, a hospital operator set out to build a rural health care empire with the help of a Philad...

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Commercial insurance prices will level off this year says broker Howden

Cost of business cover predicted to moderate after period of inflation, war and wild weather pushed ...

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PWHL’s Battle of Bay Street sets women’s hockey attendance mark

Friday’s game between Montreal and Toronto’s new PWHL teams drew 19,825 fans, shattering the all...

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QBE International posts 5.3-point CoR improvement for 2023

The international business grew premiums by 17%.

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Swiss Re added $2bn+ to casualty reserves over 2023

The carrier added casualty reserves of more than $500mn during Q4.

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Skuld confirms buy-back option for certain war risks

The carrier issued notice of cancellation on certain war risks on Monday.

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IAG books A$521mn H1 losses, erodes agg deductible by A$250mn

The Australian carrier has a full-year natural peril budget of A$1.09bn.

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Lockton takes Arch Re's Ross to establish NA construction casualty offering

Ross' appointment marks the first of four hires to the new business lines.

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Mapfre Re shuts down in Chile, transfers operation to Colombia

The move followed efficiency considerations and the current state of the Chilean market.

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QBE lowers limit on worldwide cat treaty by $400mn for 2024

The Australian insurer will have $1.7bn of core XOL cover this year.

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Enstar builds 1.7% position in up-for-sale James River

Enstar acquired 637,640 shares of James River in Q4 last year valued at nearly $6mn.

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Under New Owners, Florida’s TRUE Gets Slight Downgrade, Withdraws from AM Best

Six weeks after Trusted Resource Underwriters Exchange, a Florida-based reciprocal property insurer,...

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Cyber Risk Management Specialist KYND Secures New Funding for Global Growth Plans

KYND, the London-based provider of cyber risk management solutions, has disclosed “a substantial i...

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JPMorgan, State Street Quit Climate Group, BlackRock Steps Back

JPMorgan Chase’s and State Street’s investment arms on Thursday both quit a global investor coal...

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Ares Leads $3.3 Billion Private Loan for UK Insurance Broker Ardonagh at Low Rate

Ares Management Corp. is leading a $3.3 billion private credit loan for UK insurance broker Ardonagh...

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