Sarfraz Thind

IR&C Americas 2024: AI has only had limited success, say insurers

InsuranceERM's Americas conference hears that data continues to bedevil AI usage

Bermuda's growing cyber insurance market shows continued stability

The island now accounts for 57% of the global cyber insurance market, BMA finds

Ban on cat modelling "blows my mind," says California's Lara

Commissioner says new reforms will open the market to insurer return

US insurer downgrades rise to 60% to outstrip upgrades in 2023, says AM Best

Personal lines carriers in California, Texas and Florida particularly impacted

Hurricane Francine expected to cause $1bn insured losses

Hit expected to be "highly manageable" for insurers, says Gallagher Re

Athene gets rating affirmed but is warned on risky investments

Almost half of ceded US life reserves transferred offshore in 2023

Share is expected to continue growing, AM Best finds

Cayman Islands has 10% of offshore US life reinsurance market

Volumes are expected to grow on relaxed rules and income tax attractions, Moody's finds

FM Global asks court to unpack $700m Ralph Lauren suit

Allstate gets nod to hike California homeowner rates by 34%

Insurance commission has been looking to fast track rate rises in state