Casualty
Los Angeles wildfires send US insurers to $1.1bn Q1 underwriting loss
Sector books 34% decline in pre-tax operating income to $19.6bn, analysis of results by AM Best finds
US P&C sector still expected to post sub-100% COR in 2025: Fitch
Sector books 98.8% combined ratio in first quarter of the year, following $50bn of wildfire-driven insured losses
AM Best puts US D&O sector on negative outlook
Rating agency warns of tighter regulations, higher litigation costs and low premiums
Viewpoint: Clear trends are emerging in professional lines
Last year was demanding for professional lines insurers, grappling with challenges such as inflation and economic uncertainty. As we enter 2024, some of these considerations will persist, while new ones will emerge
Liberty Mutual closes sale of Latin America business
US insurance giant completes $1.5bn sale of its Liberty Seguros business in Chile, Colombia and Ecuador to Talanx
Legal Focus: UK government thinking ahead on autonomous driving
The Automated Vehicles Bill represents a significant step towards establishing a legal framework that clarifies the responsibilities and liabilities associated with autonomous vehicles
Miller launches global parametric team
London-based team will provide coverage for risks seen as 'too complex or too difficult to insure'
American Coastal swings to Q4 profit
Florida residential insurer’s combined ratio improves 37.9 points to 66.6% on lower losses
State Farm narrows net loss to $6.3bn in 2023
Catastrophe losses drive US group's full-year property/casualty underwriting loss to $14.1bn
James River swings to Q4 loss on pending sale of JRG Re
Bermudian specialty insurer posts fourth-quarter net loss of $152m
ProAssurance hit by workers' comp losses
US liability specialist swings to operating loss in fourth quarter of 2023
Safety's income halved by surge in claims
US property/casualty group posts fourth-quarter combined ratio of 106.5%
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