Global Risk Manager
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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…
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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…
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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…
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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…
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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…
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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…
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Strong growth from P&I Clubs in 2022/23
P&I Clubs have reported strong growth, with the UK P&I Club seeing gross written premium exceed $500m for the first…
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US broker M&A expected to rise after sluggish Q1
US insurance broker M&A is expected to remain robust this year, despite a slow first quarter amid macroeconomic challenges, according…
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Climate activists accuse US insurers’ largest shareholders of inaction
Climate activists have accused the largest shareholders of certain US insurers of failing to hold the companies to account over…
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Shipping losses hit all-time low in 2022, says AGCS
Shipping total losses hit a record low in 2022, down by more than a third to 38 from 59 the…
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Near-normal North Atlantic hurricane season but uncertainty over predictions
Most forecasting groups and agencies are predicting near-normal activity for the 2023 North Atlantic hurricane season, which officially gets underway…
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Head of cyber insurance appointed at Inigo
James Creasy has been appointed as the head of cyber insurance at Inigo Limited. The UK insurer said cyber insurance…
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Cyber insurers’ loss ratio improves in 2022: Morningstar
Based on preliminary data, cyber insurers will report a material improvement in loss ratios in 2022, says a report from…
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UN backs NZIA collaboration but 11 members have now quit
The UN said “there is a fundamental and urgent need for collaboration” in the insurance and reinsurance industry to tackle…
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HDI International expands in Latin America with Liberty Seguros acquisition
HDI International is to acquire the Liberty Seguros personal and small commercial business in Brazil, Chile, Colombia, and Ecuador from…
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Increased climate-related claims activity in UK and Europe expected
The UK and Europe are expected to see increased activity in certain new types of climate-related claims, according to Lydia…
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US product recalls increased in first quarter, says Sedgwick
The number of product recalls in the US increased 14.2% during the first quarter of 2023, according to Sedgwick brand…
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Analytics to deliver new age of insights and services for customers
Insurers are further expanding the use of advanced analytics to create more value for customers, writes Kirill Pankratov, global head…
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Allianz, Scor and chair AXA exit NZIA
Three more European insurers, AXA, Allianz and Scor, left the Net Zero Insurance Alliance (NZIA) yesterday after weeks of speculation…
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Scor reveals new sustainable underwriting commitments on oil, gas and coal
Scor has announced new sustainable underwriting commitments, including policies on gas, Arctic oil and gas, oil sands, and coal. But…