Insurance
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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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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…
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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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Aon’s Fumagalli joins Sompo International in Italy
Sompo International has appointed Simona Fumagalli as country manager of insurance in Italy. She will be based in the company’s…
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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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Alta Signa names AIG’s Huidekoper D&O and FI manager in Benelux
MGA Alta Signa Europe has appointed Sytse Huidekoper from AIG as D&O and financial institutions manager in Benelux as it…
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Europe’s risk managers must be clear on strategy and transparent to secure best terms: Wegener
Ferma president Dirk Wegener has advised Europe’s risk and insurance management community to focus on transparency and clarity when it…
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Mactavish index shows UK claims litigation hitting High Court up 14% last year
New data from Mactavish finds that the number of commercial claims disputes going to the UK High Court rose 14%…
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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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Guy Carp buys Israeli reinsurance broker
Marsh McLennan subsidiary Guy Carpenter is to acquire Israel-based reinsurance broker Re Solutions. Terms of the transaction, which is expected…
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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…