Market
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WR Berkley foresees further hardening to come as Q2 profits surge
WR Berkley has reported a 232.9% increase in net income to $237.2m in the second quarter and predicted that the…
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Rate increases return Beazley to H1 2021 profit
Specialist insurer Beazley has reported pre-tax profit of $167.3m for the first half of 2021, from a loss of $13.8m…
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Global insurance rates up 15% in Q2 but hardening continues to slow: Marsh
Global commercial insurance rates were up 15% year on year in Q2 but the pace of change slowed for the…
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UK hospitality groups turn to courts as BI insurers ‘underpay’ Covid-19 claims
The UK’s largest pub group Stonegate has filed a legal suit seeking £845m from three insurers – MS Amlin, Liberty…
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Insured losses from storm BERND top €1bn in Germany
The devastating flooding in Germany caused by the low-pressure weather system known as BERND on 13-18 July, triggered more than…
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Insurers’ ESG agenda a growing factor in buying decisions
Sustainability is becoming a bigger and bigger topic for risk managers, particularly in Europe, who are increasingly factoring ESG behavior…
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UNIQA increases its 2021 earnings expectations
Leading Austrian insurer UNIQA has announced an improved business outlook for 2021, buoyed by strong performance in the first half-year.…
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Travelers posts strong earnings but social inflation concerns persist
Travelers posted strong second-quarter earnings on Tuesday, but the company’s leadership remains concerned about the continued impact of social inflation…
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Chubb units seek to dismiss $32.6m US jury verdict in coal case
Chubb units are asking a US court in Charleston, West Virginia to grant its summary judgment motion following a $32.6m…
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Munich Re to post expectation-beating €1.1bn Q2 net profit
Munich Re expects to book €1.1bn in net profit for the second quarter of 2021, above analysts’ expectations of about…
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Liberty Mutual to acquire Malaysian insurer AmGeneral
Liberty Mutual Insurance is to apply for regulatory approval to acquire Malaysian insurer AmGeneral Insurance Berhad (AmGeneral). AmGeneral is currently…
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Major disruptor could reshape African insurance markets
The risk of a major disruptor making serious inroads into the African insurance market is a threat never far from…
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Insurance pricing increases yet to reach many of those on the ground across Africa
Increases in reinsurance pricing are not necessarily filtering through to those on the ground in Africa, as a lack of…
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Confidence remains despite current struggle in Kenyan insurance market
Challenging economic factors in 2020 made it a difficult year for Kenyan insurers and reinsurers, according to a new report…
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Mass troop deployment in South Africa only a stopgap
A new intelligence and analysis practice, Dragonfly, has warned South Africa faces further violence in the medium term and that…
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Berenberg estimates recent German flood loss up to $3bn
Floods in Germany and other parts of Europe last week and over the weekend could cost (re)insurers between $2bn and…
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Italy plans new certification to protect the environment
The Environment Pool, part of the Italian Consortium for Insurance and Reinsurance of Liability for Damage to the Environment, has…
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Risk management crucial as TMT buyers face ongoing hard market, says WTW
Rates for technology, media and telecoms (TMT) businesses are unlikely to drop any time soon, with conditions driven by a…
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Best continues negative outlook for Mexican insurance sector
Aggravating factors from the Covid-19 pandemic are affecting macro and microeconomic fundamentals in Mexico, according to AM Best, and as…
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First-half US surplus lines premiums up sharply
Surplus lines premiums reported to US surplus lines stamping and services offices totalled $24.04bn in the first half of this…