Investment strategies and portfolio management
MNK Group Holdings Ltd. has acquired Danish insurer ETU Forsikring, enhancing its operations as MNK's first dedicated risk carrier in the EU.
Transit expenses for oil tankers through the Strait of Hormuz have skyrocketed, now ranging from $10 million to $20 million due to heightened insurance costs.
Hanwha Ocean faces a $1 billion claim from Arctic LNG 2 over canceled LNG carrier contracts, compounding existing legal challenges from Russian owners.
Markel Group has announced a leadership transition, with CEO Tom Gayner taking over as chairman following Steve Markel's retirement.
An Indiana appeals court ruled that a parks employee is entitled to workers' compensation after fainting while driving a work vehicle, affirming significant precedents.
Compre Group has finalized a £200 million retrospective reinsurance deal with a Lloyd's syndicate, covering multiple lines in property and casualty.
Brown and Brown (Europe) Ltd.'s acquisition of MacKay Corporate Insurance Brokers marks a strategic entry into the Scottish retail market.
Munich Re reports insured losses from non-peak events surpassing $100 billion for the first time, suggesting this trend may become standard.
August storms in Europe led to an estimated $2.9 billion in insured losses, highlighting the increasing impact of severe weather events.
The NHTSA has initiated an investigation into Tesla's Cybercab certification as the company begins deployment in Austin, raising safety compliance questions.
Aon’s $17 billion acquisition of USI and escalating silicosis liability issues dominated recent discussions in the insurance industry.
Lloyd’s first-half profit dipped 17% to £3.5 billion despite a 7% rise in gross written premiums, indicating the impact of market pressures.
Marine insurers are facing nearly $2 billion in claims from vessel damage due to the ongoing conflict in Iran, potentially affecting market stability.
Increasing surplus capital among reinsurers is likely to drive mergers and acquisitions, shifting focus towards growth through strategic acquisitions.
A significant decline in underwriting profitability is needed to counteract the current softening within the reinsurance market, highlights Howden Re.
Cesar, a two-Michelin-star restaurant in NYC, faces a proposed class action for wage violations, including withheld tips and unpaid overtime.
A Rand report reveals California injured workers face stable medical access despite a decline in healthcare providers, especially in rural areas.
Herman Brito has been appointed as Marsh's new leader for the marine, cargo, and logistics practice in the U.S. and Canada, effective October 1, 2023.
Ohio's Bureau of Workers' Compensation has approved a $1 billion dividend for employers, marking the first such distribution since 2020.
Nepal's recent floods may incur losses in the hundreds of billions of rupees, significantly impacting insured hydropower projects.