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News
Renewals season inspires insurers to consider new opportunities
3+ day, 12+ hour ago (455+ words) As insurers and reinsurers gathered in Monaco for the annual Rendez-Vous de Septembre (Sept. 5-9) to discuss market trends and set upcoming renewals, two reinsurers and an affiliate research institute sent out dispatches. They noted the risks posed by artificial intelligence…...
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…...
Van premiums fall 4.5% as insurers diverge sharply on pricing
3+ day, 23+ hour ago (341+ words) Van insurance premiums fell 4.5% in the three months to August. That ended a period of flat pricing and resumed the downward trend running since the market peaked in October 2024. Quoted prices are now 11% below last year and around 16% lower than…...
Rising liability estimates are reshaping aviation insurance renewals
3+ day, 22+ 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…...
Government to court international insurance firms to tackle high costs for businesses
5+ day, 1+ hour ago (55+ words) Business Post Government to court international insurance firms to tackle high costs for businesses LIV Golf files for bankruptcy protection as Saudi investors flee Amazon starts selling sterling bonds as AI boom grows Dublin Airport operating full schedule after UK…...
Trade credit insurance grows despite rising insolvency risks and geopolitical uncertainties
6+ day, 22+ hour ago (1263+ words) Trade credit insurers are still expanding their support for international trade, even though insolvency rates seem to be climbing. What's interesting is that even with a worsening trading environment, the insurance market appears willing to take on more risk, kind…...
London market sees treaty insurance premiums fall – IUA
6+ day, 18+ hour ago (65+ words) AIG secures minority stakes in Convex and Onex UK datacentre growth raises supply chain concerns Manchester Airports Group hit by major cyber attack Losses from July storms estimated at €2,186m Acrisure UK and ESET partner on cyber business resilience Tokio Marine…...
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…...
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…...
Insurance is not a cost; it is protection for the balance sheet
1+ week, 5+ day ago (116+ words) Construction World - Insurance is not a cost; it is protection for the balance sheet As infrastructure projects grow larger and more complex, their risk profiles are evolving beyond physical damage. Underinsurance, business interruption, supply-chain disruptions, climate volatility, surety and transactional…...