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Capacity withdrawals force risk managers of large corporates to buy less cover to manage costs. -
Concerns over crew liability claims have led carriers to change wordings and tighten underwriting criteria.
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At least 20 states in the US have so far moved to limit the liability of care home operators.
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A public insurance certificate unearthed by Reuters shows that the insurers are involved despite pledges to fight climate change.
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Global pricing for financial business risks rose by 26 percent in the quarter, according to the broker’s survey.
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Florian Beerli, Angela Ives, Jae Park and Alex Marti join the carrier from Chubb.
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The Chubb CEO calls on Congress to shield corporate America from Covid-19-related litigation as the US begins to re-open.
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At least one insurer, Chubb, has paused quoting casualty cover for new healthcare clients.
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The executive was head of casualty for North America and London for Axis Reinsurance.
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Carriers are retracting quotes as they balk at taking on further risk amid the Covid-19 pandemic, according to market sources.
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The analyst predicted that rate hardening will continue, albeit with reduced premium levels.
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Jonah Pfeffer was previously president of reinsurance at OneBeacon.
