Insurers
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Of the 178 passengers and crew on board, no serious injuries have been reported. -
CEO Greenberg cited ‘competing priorities’ in his annual letter to shareholders.
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A rebound is expected this year, however, led by strong US activity.
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This year’s coverage will involve $2.94bn of new risk transfer.
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Four cat modelers have also submitted their tech for regulatory review.
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The industry continues to take reserve addition medicine in smaller doses than recommended.
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Tactics underwriters employ to manage cyber risk are maturing, as well.
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Executives see earnings benefits from workers’ comp beginning to diminish.
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The commissioner said in a legal bulletin that smoke claims can’t be “summarily denied”.
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The insurance market remains generally immune to tariff uncertainty, but not all is well.
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The big brokers are lining up London capacity to write follow lines on US risks.
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The ratings agency noted “significant” underwriting improvement in 2023-24.
