A new report from Howden has revealed that the European agriculture sector loses an average of €28 billion annually due to adverse weather, with farmers bearing 70–80% of all weather-related farm losses, highlighting a significant insurance protection gap. According to Howden, drought is responsible for over half of total agricultural losses and represents the most […]
AM Best, a credit rating agency and provider of financial data and analysis for the insurance industry, reports that insurers offering directors and officers (D&O) liability coverage in the US recorded their most favourable loss experience in more than ten years during 2024, despite declining premium volumes and ongoing underwriting challenges. The report highlights that […]
MS Reinsurance (MS Re), a Switzerland-domiciled global reinsurer, has reported growth of 17.6% in gross written premiums (GWP) to $3.6 billion for full year 2024, up from $3.1 billion in 2023, driven by top line growth in a favourable market environment, in line with the company’s strategy to build a diversified and well-balanced portfolio. MS […]
Late last year, South Carolina Medicaid approved GLP-1s to treat obesity, placing it among the few state programs covering the drugs. But access remains limited.
MarshBerry, a global M&A and investment advisor for insurance brokers, Managing General Agents (MGAs) and wealth management firms, continues its European growth strategy with the establishment of a presence in Germany, Austria, and Switzerland (the DACH region). This strategic move sees the appointments of Dr. Fabian Seul (Managing Director), David Kuprasch-Sras (Partner), and Fabian Troeppner […]
“Magnus Carlsen vs. The World” online chess game ends in a draw, with the grandmaster lauding his 143,000 opponents’ “very, very sound chess.”
Sompo International has reported an adjusted profit of $1.38 billion for the 2024 financial year (FY2024), an increase of $230 million year-over-year, driven by robust top-line growth, reduced adverse prior-year development, and higher net investment income. Meanwhile, the firm reported gross written premiums (GWP) of $16.53 billion for FY2024, up from $15.62 billion in FY2023. […]
Commercial and specialty lines insurer HDI Global has announced the appointment of Phil McDowell as Global Sales & Distribution Lead for International Programmes and Captives. Based in London, McDowell will work within the global International Programmes (IP) department, focusing on strengthening relationships with global and international brokers. His priorities include enhancing HDI Global’s IP and […]
Vincent J. Gaffigan has been appointed U.S. Market Strategy and Engagement Group Leader at Lockton, reporting to Devin Beresheim, Lockton U.S. Risk Solutions Leader. Gaffigan will leverage his 35 years in the industry to strengthen the company’s deep relationships with its trading partners while advancing the use of market intelligence and analytics to deliver tailored […]
A Sri Lankan express train has fatally struck an elephant despite new safety measures introduced after the same train killed 7 elephants in a previous crash.
