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Lloyd’s reports lower profit in 2024 with higher claims ratio from disasters
Lloyd’s 2024 results Gross written premium for the year, meanwhile, rose to £55.5 billion, up from £52.1 billion in 2023, representing a 6.5% increase. The growth was driven primarily by an 8.5% rise in volume, including 7.6% from existing syndicates and 0.9% from new entrants. Source link
Gag ordered over AIG, Munich Re, Swiss Re, Zurich, Starr and multiple Lloyd’s underwriters
The case, pending in the Southern District of New York, pits Newmont Corporation and its subsidiary, Newmont Ghana Gold Limited, against several major insurance carriers, including American International Group UK Limited (AIG UK), Munich Re, Swiss Re, Zurich American, Starr International, and several Lloyd’s underwriters. Newmont is seeking coverage under a suite of insurance policies…
Massachusetts Insurance Commissioner denies rate increase request workers’ comp bureau
The request was opposed by several other regulatory bodies Source link
Nine of 10 global firms hit by cyberattacks – report
Most frequently cited vectors of attack identified Source link
Inszone bolsters benefits division with Boelzner & Associates deal
Move adds group health, life, and disability depth to national portfolio Source link
Navigating The Impact of The Construction Inflation Rate (2024)
In today’s turbulent economy, few industries feel the impact of inflation as acutely as the construction sector. Inflation has caused unprecedented material costs, casting a shadow of uncertainty over construction projects, large and small. Alongside material challenges, companies can expect other consequences of the construction inflation rate, such as project delays and increased operational costs….