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International

US rate rises to ease, AM Best predicts 

11 March 2024

AM Best says US personal lines premiums will rise 10% this year after a 12% jump last year, with insurers “willing to withdraw from a given state entirely if necessary increases are not approved”.

Lloyd’s hits target on women in top jobs

11 March 2024

The proportion of women in leadership roles at Lloyd’s has increased to 35%, meeting a target set in 2020 thanks to improvements across boards and executive committees...

Global insurance M&A slumps to decade low 

04 March 2024

The number of insurance mergers and acquisitions fell to a 10-year low of 346 last year, down 23% from a year earlier, Clyde & Co’s Insurance Growth Report says...

ABI gets Snippy on insurance tax

04 March 2024

The Association of British Insurers has unveiled a new campaign to push for reductions in insurance premium tax...

Marine cover aids Ukrainian grain exports 

26 February 2024

Insurance has contributed to much of the Ukrainian grain harvest being exported, helping to stabilise commodity prices as global marine insurers say they will continue to support trade in the Ukraine/Black Sea area and the Red Sea...

Swiss Re property and casualty arm lifts earnings 

19 February 2024

Swiss Re’s full-year net income rose sharply to $US3.2 billion ($4.8 billion) from $US472 million ($720 million) in 2022 as its property and casualty reinsurance business performed strongly...

Lloyd’s invests in two insurtechs 

19 February 2024

Lloyd’s has confirmed investments to help two Lloyd’s Lab alumni, Axio and REOR20, develop insurance solutions within the London market...