The 2023 net combined ratio for the property/casualty industry is forecast to be 103.9, with commercial lines at 97.7 and personal lines at 109.9, according to the latest underwriting projections by actuaries at the Insurance Information Institute (Triple-I) and Milliman. …
Boeing has been sued by shareholders who said the company prioritized profit over safety and misled them about its commitment to making safe aircraft, prior to the Jan. 5 mid-air cabin panel blowout on an Alaskan Airlines 737 MAX 9. …
Britain’s opposition Labour Party, tipped in the polls to win an election expected this year, set out its blueprint on Tuesday to “unashamedly champion” a financial sector worried about its global competitiveness following Brexit as top rival New York lures …
Chubb is writing more North American personal excess and surplus lines business, but the insurer’s chief executive is not exactly celebrating. While he reminded analysts during a fourth-quarter earnings conference call that the large majority of Chubb’s personal insurance portfolio …
Brace Underwriting Limited recently announced the launch of Brace USA with Glenn Dorr as president and head of marketing, North America. reporting to Adam Holberry, Group CEO of Brace. Founded in October 2019 by group CEO Adam Holberry, London-based Brace …
Dirk Spenner has been appointed to the role of CEO, International, at Gallagher Re, taking over from Tony Melia, who is retiring after a career of over 40 years. Spenner’s new role is effective June 1, 2024. He joined Willis …
Chemicals linked to severe health issues including cancer, infertility, birth defects and immune system disruptions are everywhere and no one is safe from them — not even top politicians, according to a campaign advocating for a European Union-wide ban. Former …
This edition of International People Moves details appointments at Probitas, Liberty Specialty Markets, and CFC. A summary of these new hires follows here. Probitas Appoints Botnick to Launch Canadian Service Company Probitas, the Lloyd’s insurer, announced appointment of Robbin Botnick …
A former senior Goldman Sachs manager is seeking around 1.0 million pounds ($1.27 million) from the Wall Street bank in London over allegations that bullying and a dysfunctional workplace destroyed his physical and psychological health. Ian Dodd, a 55-year-old former …
Allstate, headquartered in Northbrook, Ill., named Mike Fiato as executive vice president and chief claims officer, effective Jan. 22. Fiato joins Allstate with more than 32 years of industry experience. Most recently, he served as executive vice president and chief …