Content from L.S. Howard
Zurich Invests Heavily in Underwriting Talent to Boost Mid-Market, Specialty Growth
Zurich Insurance Group is continuing to expand its middle market and specialty footprint by investing heavily this year in targeted recruitment of "top-tier underwriting talent" across the company. ...
KCC Estimates Privately Insured Losses From Hurricane Melissa Will Hit $2.4 Billion
Catastrophe modeling company KCC estimates that privately insured losses from Hurricane Melissa will hit $2.4 billion. This estimate includes insured damages to residential, commercial, and ...
AXA Announces Death of Its Founder Claude Bébéar at 90
AXA announced that Claude Bébéar, its founder and honorary chairman, has passed away at the age of 90. In less than one generation, Claude Bébéar transformed "a small mutual insurance company in ...
AIG Joins Private Equity Firm Onex to Acquire Convex Group
Convex Group Ltd., the Bermuda-based specialty insurer and reinsurer, announced a new, long-term ownership structure led by private equity firm Onex Corp., with American International Group becoming ...
Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports
Hurricane Melissa made landfall in Jamaica as a powerful category 5 storm — a record for the Caribbean island nation — which brought storm surge, torrential rain, strong winds and massive ...
An Unsustainable Trend – Declining P/C Rates and Rising Cost of Risk: Marsh’s Doyle
Property/casualty prices are declining, while the cost of risk continues to rise – a trend that is unsustainable over time, according to John Doyle, president and chief executive officer of Marsh ...
Natural Disaster Claims in 2025 to Again Top $100B Despite ‘Abnormally Low’ Q3 Events
Global insured losses from natural catastrophes during the first nine months of 2025 are estimated to hit $105 billion, bringing the sixth consecutive calendar year with losses topping $100 billion ...
Weak Governance of Artificial Intelligence Raises Risks of Cyber Attacks: Moody’s
Weak artificial intelligence (AI) governance practices pose a growing risk of data breaches, warns a report published by Moody's Ratings. Large numbers of companies and organizations "have no rules ...