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Marine insurers face billion-dollar losses after Baltimore bridge collapse
28 March 2024
US Reporter Diana Bui

The bridge, whose estimated value is US$1.2 billion, has Chubb as its primary insurance carrier.

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Connecticut Captive Forum selects Mais as keynote speaker
28 March 2024
US Reporter Diana Bui

The conference is set to take place on 16 April at Mohegan Sun resort in Connecticut.

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Natural catastrophes cause US$108 billion in insured losses in 2023
27 March 2024
UK Reporter Diana Bui

Frequency of events is the main driver of insured loss accumulation, with severe convective storms accounting for a record high of US$64 billion in 2023

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Artex launches group captive for US transportation industry
26 March 2024
US Reporter Diana Bui

In the group captive, Artex serves as the captive consultant and manager and also offers claims advocacy.

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Pool Re modernises terrorism reinsurance scheme
26 March 2024
UK Reporter Diana Bui

Pool Re’s proposals to convert its reinsurance arrangements from the current facultative obligatory treaty to an annual aggregate catastrophe excess of loss treaty will take effect in April 2025.

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Tennessee records US $2.41 billion in captive premiums in 2023
26 March 2024
US Reporter Diana Bui

The state licensed 25 new captives and 66 new cells last year, bringing the total to 164 captives and 555 cells, according to data from the Tennessee Department of Commerce and Insurance’s (TDCI’s) Captive Insurance Section.

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Marsh launches new facility providing insurance cover for digital custodians
26 March 2024
UK Reporter Jack McRae

The insurance broker says that the facility provides up to US $825 million in insurance capacity and will support organisations with digital assets held offline

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