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News
Underwriters say AI is saving time, not improving decisions
3+ day, 18+ hour ago (455+ words) Most senior commercial underwriters say AI has saved them time on admin. Far fewer say it has improved the quality of their decisions. That gap shapes how submissions get handled, how risks get priced, and how consistent underwriting decisions are…...
Insurance moves: Corgi, Pan-American, Third Wave, Relm, AXA XL, Burns & Wilcox, MJ, More
4+ day, 7+ hour ago (958+ words) Corgi has named Erin Gambrel (pictured, center) vice president of financial services, tasked with driving retail investor growth and brand reach for the company's ETF lineup. Gambrel joins from Investing Authority, where she oversaw retail trading campaigns reaching more than…...
Rising liability estimates are reshaping aviation insurance renewals
3+ day, 21+ hour ago (675+ words) Aviation insurers are recalculating how much a single passenger death could cost them, with higher liability assumptions feeding through into capacity and pricing at airline renewals. According to Nigel Weyman (pictured), global executive - aerospace at Gallagher in London, the shift…...
Liberty Specialty adds free security consultation for political risk policyholders
6+ day, 4+ hour ago (401+ words) Liberty Specialty Markets has introduced a new benefit for eligible political risk insurance policyholders -- a one-off advisory consultation with Blackthorn Risk Group, an independent security consultancy, at no additional charge for the defined scope of the session. The consultation must…...
Underwriters keep arriving after the risk has already been decided
1+ week, 3+ day ago (718+ words) By the time insurers are asked to cover a major infrastructure project, many of the decisions determining how difficult or expensive it will be to insure may already have been made. The Association of British Insurers (ABI) wants government to…...
SRG’s first Australian hiring move goes outside the insurance industry
1+ week, 3+ day ago (722+ words) Insurance Business SRG’s first Australian hiring move goes outside the insurance industry The established model of recruiting experienced brokers is losing ground as workforce demographics narrow the available pool Specialist Risk Group (SRG) has launched a structured program to bring…...
Insurance moves: Gallagher Bassett Australia, APRA, Moray & Agnew
1+ week, 3+ day ago (409+ words) Insurance Business Insurance moves: Gallagher Bassett Australia, APRA, Moray & Agnew Senior role changes expose the growing intersection between claims management, regulatory oversight, and insurance-related legal disputes Gallagher Bassett names Newland to sales and client services role Gallagher Bassett Australia has…...
Crawford's AI chief explains claims innovation strategy
1+ week, 4+ day ago (546+ words) Insurance Business Crawford's AI chief explains claims innovation strategy David Wright details how Crawford & Company balances AI experimentation with adjuster autonomy Crawford & Company, a provider of claims management and outsourcing solutions, is putting new artificial intelligence tools through a formal…...
Reinsurance buyers regain control ahead of 2027 renewals: Marsh Re
1+ week, 5+ day ago (684+ words) Cedents will enter the 2027 reinsurance renewals with ample capacity and greater freedom to choose between lower prices and rebuilding protections eroded during the hard market, according to Marsh Re. In a virtual briefing ahead of Monte Carlo Rendez-Vous de Septembre…...
Freight's green switch is creating a claims gap for brokers
2+ week, 6+ day ago (770+ words) Electric lorries that cost more to repair than to insure, cargo ships with no agreed fuel strategy, and a maritime sector operating under guidelines formalised only months ago: a Reuters Events and AXA XL report sets out the insurance risks…...