$6 million: The financial costs of overusing office jargon

[ad_1] As insurers retreat from some markets, policyholders are facing skyrocketing premiums, stricter underwriting and unexpected policy cancelations [ad_2] Source link

[ad_1] Tiernan currently serves as Lloyd’s chief of markets, a role he has held since joining the organization in May 2021. In this position, he has overseen underwriting, claims, exposure management, international regulation, market oversight, distribution, and the Lloyd’s Global Network. His remit has also included the Lloyd’s Lab, Lloyd’s Academy, and the organization’s global…

[ad_1] Fidens Insurance Brokers has operated for more than a decade, focusing on commercial insurance across sectors including construction, financial services, healthcare, manufacturing and distribution, real estate, and technology. The firm also has experience with mergers and acquisitions insurance, particularly in negotiating representations and warranty coverage. [ad_2] Source link

[ad_1] Generali’s adjusted net result rose to €3.77 billion, up from €3.58 billion the previous year, reflecting contributions from its diversified profit sources despite lower net realised gains. The overall net result stood at €3.72 billion, slightly lower than the previous year’s €3.75 billion, which included capital gains from asset disposals in 2023. [ad_2] Source…

[ad_1] Company to switch its focus to home turf and Europe [ad_2] Source link

[ad_1] Despite these shifts, commercial auto and umbrella lines continued to see significant pricing increases. Average premiums for commercial auto rose by 10.4%, while umbrella lines were up 9.5%. The CIAB attributed these increases, in part, to losses linked to litigation finance activity.  [ad_2] Source link