- Home/Publications/Insurance Day
Articles for 25 January 2023
Daily Digest: Mosaic warns of post-Ukraine war cyber risk, Conduit Re targets balanced growth, California floods losses could top $1.5bn
Catch up on the essential news and analysis from the Insurance Day experts
Online Published Date: 2023-01-25T19:20:51
Dual North America launches fine art programme
The programme will offer $30m primary limits and $50m excess limits and will be made available to dealers, museums and private and commercial collectors
Online Published Date: 2023-01-25T19:20:51
Legal Focus: The importance of clear terms of engagement in professional indemnity claims
Professional firms must guard against inadvertently assuming responsibility for matters falling outside their retainer
Online Published Date: 2023-01-25T19:20:51
Legal Focus: Claims inflation and cyber top list of insurers’ legal concerns
Recession-related claims are likely to hit liability coverage for financial institutions and industry professionals, but differing recessionary conditions in today’s market suggest lessons learned from previous downturns will have limited application in predicting outcomes
Online Published Date: 2023-01-25T19:20:51
Conduit Re targets balanced growth in 2023
Bermuda-based reinsurer comfortable with mix of catastrophe and non-catastrophe risk, chief executive, says as it books 60% premium growth at January 1 renewals
Online Published Date: 2023-01-25T19:20:36
California flooding to cause insured losses of up to $1.5bn: RMS
Insured losses will be a small proportion of the total damage given the low uptake of flood insurance by homeowners, catastrophe modelling firm says
Online Published Date: 2023-01-25T18:20:34
Expect shift in cyber exposures after Ukraine war: Mosaic's Wheeler
Bermuda insurer's co-chief executive anticipates a move to state-backed cyber disruption once the Russia-Ukraine war finally ends, as he reflects on the impact of the this year's January 1 reinsurance renewals
Online Published Date: 2023-01-25T18:20:34
Everest Insurance appoints Powell head of financial lines
Bermuda-based carrier hires Zurich’s global head of financial lines and cyber as it continues insurance build-out
Online Published Date: 2023-01-25T16:20:32
Conduit Re reports 60% premium growth at 1/1
Bermuda-based reinsurer books estimated premiums of $421m at January 1 on the back of ‘extremely strong’ market conditions in property and specialty business
Online Published Date: 2023-01-25T14:20:33
BHSI names De Wilde as head of property in Switzerland
US specialty insurer continues to build out its European footprint with the hire of Bart De Wilde to lead property in the Swiss market
Online Published Date: 2023-01-25T11:20:33
US Supreme Court lets stand California's conservatorship of Applied unit
Nebraska-based Applied Underwriters is contesting a decision by the California Department of Insurance to place its California Insurance unit into conservatorship
Online Published Date: 2023-01-25T11:20:32
Horace Mann anticipates P&C loss of up to $29m in Q4
US group hit by higher-than-anticipated industrywide loss trends as well as losses from storm Elliott
Online Published Date: 2023-01-25T10:20:34
Travelers' income sinks 39% on cat losses
Winter storm Elliott causes catastrophe losses to jump to $459m in the fourth quarter
Online Published Date: 2023-01-25T10:20:33
Daily Digest: PRA calls for better cyber and natcat modelling, LMA property panel reveals election results, Connect Underwriting advises measured approach to property reinsurance
Catch up on the essential news and analysis from the Insurance Day experts
Online Published Date: 2023-01-25T09:20:35
SiriusPoint's environmental team moves to Distinguished Programs
US insurance programme manager enters new line of business with SiriusPoint team following fine art and collectible programme launch
Online Published Date: 2023-01-25T09:20:35
MGA Focus: Connect Underwriting takes 'slow and steady' approach to property reinsurance
ConnectUW’s chief executive, Jamil Elbahou, tells Insurance Day about the property and energy reinsurance MGA’s ‘common sense’ approach to underwriting and the fact it has no exposure to Hurricane Ian
Online Published Date: 2023-01-25T09:20:32