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, 2025The 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, 2025Professional 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, 2025In 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, 2025The 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, 2025As 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