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Executives who have been upfront about the need to batten down the hatches ahead of the impending casualty storm must be feeling a little put upon.
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Aon's Robert Johnston takes the Bermuda chairman role, with incumbent John Fletcher moving to the regional CEO post.
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The ratings firm’s analysis suggests that rising claims costs and thin margins present an “earnings risk” to the industry.
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Speaking on an analyst call CFO Christoph Jurecka said that the reinsurer had been revising its US casualty books since 2017.
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Convex CEO warns "big bang" market-wide reserving remediation could be "fatal" for some.
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A benign period for cats, sustained by improved investment income and a doubling of non-insurance revenue, helped the company boost operating earnings
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A more litigious environment in the country has pushed up claims frequency and severity.
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The AIG subsidiary achieved rate rises of 30 percent across commercial D&O while also reducing its portfolio loss exposure.
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Paul Rivett said social inflation, interest rates and tightening capacity at Lloyd’s had heightened pressure on underwriters.
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It’s Halloween and the (re)insurance industry is running scared. But the ghastly sounds are not the groans of ghouls or the shrieks of spectres. Instead, it is the moaning and wailing of underwriters astonished at the latest vast liability award.
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The conference in Boston also flagged anxiety about a third year of wildfire losses from California.
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The new business segment will target premiums of about $50mn-$100mn over the next five years.