Insurance
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June 2, 2023
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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June 2, 2023
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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June 2, 2023
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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June 2, 2023
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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June 1, 2023
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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June 1, 2023
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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June 1, 2023
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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June 1, 2023
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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June 1, 2023
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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June 1, 2023
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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June 1, 2023
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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May 31, 2023
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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May 31, 2023
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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May 31, 2023
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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May 31, 2023
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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May 31, 2023
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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May 31, 2023
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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May 31, 2023
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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May 30, 2023
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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May 30, 2023
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…