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India looks to accelerate insurance boom

Regulatory changes, supported by a fast-moving economy, aim to attract new re/insurance companies to India and bring innovative products to the market

India Casualty

Private US insurers' 2022 underwriting losses soar

Net earnings fell 34% to $41.2bn last year as the sector’s underwriting loss increased to $26.9bn from $3.8bn

United States Casualty

Legal Focus: New Building Safety Act will have an impact on professional indemnity cover

The legislation, which is expected to come into force by October 2023, imposes greater obligations on designers, contractors and building control bodies and will have implications for their insurance cover

United Kingdom Casualty

RSA to exit UK personal motor

Move, which will release £60m of capital, aims to strengthen the group's UK and international business

United Kingdom Casualty

Hallmark Q4 loss deepens on adverse development

US group’s combined ratio deteriorates to 183.9% from 125.3% in the fourth quarter, with adverse development up nearly 33 points

United States Casualty

MGA Nirvana targets 'hundreds of millions' in premiums

The newly independent specialty managing general agent is looking to expand beyond its core product lines through new hires and mergers and acquisitions, its founders tell Insurance Day

London Specialty

WR Berkley names Albert president of luxury unit

US insurer hires Selective executive to lead Berkley Luxury Group 

North America Casualty

Everest Insurance names Chaves as Mexico head

Bermudian carrier continues international expansion with appointment of Chubb executive to drive insurance growth in Mexico

Mexico Everest Re

USAA names Gates chief risk officer

Gates joins US group from American Family Insurance, where he served as chief risk officer for more than five years

United States Casualty

Insurers laud Florida tort reforms

Reforms include the elimination of one-way attorney fees, the modernisation of the state’s bad faith law and protections for small businesses from paying exorbitant damages

United States Casualty

Re/insurers post 12% premium growth in 2022: Gallagher Re

Growth driven by improved pricing in commercial lines and reinsurance business, as well as higher policy retention and organic growth

International North America

Lloyd’s has room to let the attritional loss ratio slip this year – even if it does not want to

The corporation is targeting a sub-95% combined ratio in 2023. The market’s attritional loss ratio will be critical in achieving that performance, but there is plenty of headroom implied in the target 

Lloyds Casualty
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