RiverStone closes acquisition of Darag’s North American operations

Legacy specialist looks to boost presence in North America and Bermuda markets       Related Stories Perils increases Australia Christmas storms loss estimate to A$1.6bn Lockton Re launches portfolio solutions business RiverStone closes acquisition of Darag’s North American operations  

Berkley Insurance cleared to establish branch office in India

Commercial insurer continues expansion in the region with branch office in the Gujarat International Finance Tec-City       Related Stories Daily Digest: International Group GXL hike branded unfair, Cyber buyers capitalise on low rates, Insurance stocks tumble North American re/insurance stocks tumble in poor week for equities Perils raises central Europe and Italy flood loss estimate to…

Daily Digest: International Group GXL hike branded unfair, Cyber buyers capitalise on low rates, Insurance stocks tumble

Catch up on the essential news and analysis from the Insurance Day experts       Related Stories Berkley Insurance cleared to establish branch office in India North American re/insurance stocks tumble in poor week for equities Perils raises central Europe and Italy flood loss estimate to €2bn  

North American re/insurance stocks tumble in poor week for equities

RenaissanceRe and SiriusPoint post the greatest losses this week, with only four stocks – led by Munich Re – gaining in value       Related Stories Berkley Insurance cleared to establish branch office in India Daily Digest: International Group GXL hike branded unfair, Cyber buyers capitalise on low rates, Insurance stocks tumble Perils raises central Europe and Italy…

Climate change drives US insurance crisis, senate committee finds

Budget committee analysis warns market strain could spread to new states       Related Stories Berkley Insurance cleared to establish branch office in India Daily Digest: International Group GXL hike branded unfair, Cyber buyers capitalise on low rates, Insurance stocks tumble North American re/insurance stocks tumble in poor week for equities  

Safeco to exit California condo and rental insurance market

Liberty Mutual subsidiary says it is ‘building a sustainable business’ in California by ‘simplifying its product offering’       Related Stories Everest names Hanrahan as head of NA insurance field operations PRA exempts Lloyd’s insurers from exit planning rule Daily Digest: PRA grants Lloyd’s exemption on solvent exit plans, Ardonagh secures new investor, Skuld eyes rate…