Specialty Insurance

What Does NSM's Sale to New Mountain Mean for Specialty Insurance?
Insurance What Does NSM's Sale to New Mountain Mean for Specialty Insurance?

In an industry-shaking move, NSM Insurance Group, a global specialty insurance provider, has offloaded its US commercial insurance division to New Mountain Capital. The investment firm, boasting over $55 billion in assets, now has ownership of NSM's 15 niche insurance programs across Property

February 27, 2025
Marine Insurers See Premium Growth Amid Rising Claims and Market Shifts
Insurance Marine Insurers See Premium Growth Amid Rising Claims and Market Shifts

The marine mutual insurance sector is experiencing notable changes as insurers like NorthStandard, the UK P&I Club, Gard, Steamship Mutual, and West of England P&I Club project growth in premium income amid rising large claims. These insurers are facing numerous challenges within the global

February 27, 2025
Why Are PI Claims Against Solicitors So Prevalent and Persistent?
Insurance Why Are PI Claims Against Solicitors So Prevalent and Persistent?

Professional indemnity (PI) claims against solicitors have become a prominent issue within the legal sector, with more than half of PI cases in the High Court directed at these legal professionals. Such trends underscore the significant liability risks faced by solicitors due to the highly

February 26, 2025
Crowdfunding Emerges as a Key Relief Aid for Natural Disaster Victims
Technology & Trends Crowdfunding Emerges as a Key Relief Aid for Natural Disaster Victims

In recent years, the increasing frequency and severity of natural disasters, driven by climate change, have exposed significant weaknesses in traditional insurance systems, highlighting the urgent need for more effective relief mechanisms. As homeowners face the devastating consequences of

February 25, 2025
Aviation Re/Insurance Market: Stability Amid Potential Disruptions in 2025
Insurance Aviation Re/Insurance Market: Stability Amid Potential Disruptions in 2025

The aviation re/insurance market in 2025 finds itself in a delicate balance, maintaining stability despite potential disruptions on the horizon. Recent analysis by WTW points to a relatively stable market, avoiding the anticipated hardening that many feared would characterize early 2025. Influenced

February 20, 2025
Are You Prepared to Renew Your UK Health Insurance Cards for Travel?
Insurance Are You Prepared to Renew Your UK Health Insurance Cards for Travel?

As international travel resumes, ensuring that your essential documents are up-to-date is increasingly important. Among these vital items, the European Health Insurance Card (EHIC) or the Global Health Insurance Card (GHIC) stand as must-haves for UK travelers. With the ongoing effects of Brexit,

February 17, 2025
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