Onshore underwriting profit rose nearly elevenfold from a low year-earlier base, led by pecuniary loss business, while offshore premiums grew 18.9% but underwriting turned negative.
Pecuniary loss, a class dominated by mortgage guarantee business, delivered around 63% of the onshore market's undiscounted underwriting result, while offshore ships premiums rebounded amid war-risk r...
Whitepaper finds there has been a tenfold surge in AI lawsuits and notes that traditional insurance often fails to cover key risks from AI errors, hallucinations, and systemic faults.
Legacy insurer has named Mark Fleiser as managing director of its new Australian operation, following the acquisition of a local insurer and a legacy portfolio from Zurich.
It has been 25 years since the last major national review of liability laws, with the Insurance Council of Australia calling the case for reform “overwhelming.”
