EU Parliament adopts directive to stop environmental and human abuse
The European Parliament has adopted its position for negotiations with member states on rules to integrate human rights and environmental…
Portuguese risk managers question value of cyber cover
The hard cyber insurance market has become such a big issue that companies must ask themselves whether it is really…
Howden Tiger says property cat reinsurance market hardening at quickest pace since 1990s
The property-cat reinsurance market has seen continued rate hardening, with risk-adjusted rates up an average 33% at 1 June, the…
Insufficient capital in cyber insurance market, says Gallagher Re
Despite a recent increase in capacity in the cyber (re)insurance market, capital remains insufficient, according to a white paper from…
Hong Kong insurers see first quarter rise in general insurance premiums
Total gross premiums written by the Hong Kong insurance industry fell by 7% to $147.2bn for the first quarter of…
Berkley forms new excess specialty business
W.R. Berkley has formed Berkley Specialty Excess to offer excess liability coverages in specialised markets, with an initial focus on…
Cyber losses from 1-in-200-year event could reach $33.4bn, says Guy Carpenter
A one-in-200-year cyber loss could cost the insurance industry between $15.6bn and $33.4bn but would manageable for the market, according…
TSR maintains below-normal forecast for hurricane activity in 2023
Tropical Storm Risk is maintaining its below-normal pre-season forecast update for North Atlantic hurricane activity in 2023, with activity expected…
