Market
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Rate increases accelerate in several US lines but slow in property, says Ivans
US premium renewal rate increases accelerated in several lines of coverage in November but slowed in commercial property, says a…
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Nat cat insured losses to hit $135bn this year: Swiss Re
Insured losses from natural catastrophes are forecast to exceed $135bn in 2024, according to a report from Swiss Re. It…
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D&O market set to remain soft in 2025 despite risk volatility, says Allianz
Directors and officers (D&Os) face further volatility and litigation going into 2025, as they are confronted with multiple and interconnected…
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Zurich says rates still rising but big variations
Zurich says overall commercial insurance rates continue to rise but there are big variations between risk and geography. The insurer…
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Brokerslink launches global trade credit practice
Brokerslink is set to expand the number of its specialty practices, designed to better support international companies, after launching into…
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Premiums to fall as UK opts for +0.5% personal injury rate
The personal injury discount rate applied to lump sum compensation awards in England and Wales will change to +0.5% in…
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Shipowners Club bucks P&I renewal rate hike trend
Protection and indemnity (P&I) insurer the Shipowners Club said it will not increase rates for 2025 at renewal in February,…
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German cyber MGA Cogitanda reportedly files for insolvency
German risk managers will be concerned to hear that cyber MGA Cogitanda has reportedly informed its shareholders this week that…
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Vienna Insurance avoids storm Boris dent to profit
Vienna Insurance Group said it expects to close 2024 near the top of its profit range of between €825m and…
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Cyber rates need to rise for insurers to maintain profit: S&P
Cyber insurers will need to be clearer on policy wordings and adjust rates over the next two years, while looking…
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McGill launches AI-powered trade disruption facility
London-based specialty broker McGill and Partners has launched a new AI-powered trade disruption insurance facility, backed by Tokio Marine Kiln…
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Italian insurance market slowly improving but concerns over nat cat and ESG
Italian insurance buyers say they now enjoy slightly better market conditions, with room to negotiate in some areas. But they…
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US commercial rate rises steady in third quarter: CIAB
Average US commercial insurance renewal premiums increased 5.1% in the third quarter, a marginal deceleration from the 5.2% rise in…
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Non-life premium growth to peak in 2024 as market hardening ends: Swiss Re
The non-life insurance market is expected to see decade-high premium growth of 4.3% this year following the hard market but,…
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NorthStandard warns members of 5% rate increase
P&I club NorthStandard has announced a 5% general increase on premium rates for 2025/6, driven by both the number and…
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Generali says rates will be driven up by nat cats
Generali sees further headroom for additional price increases in the next quarter as it reported that nat cat losses during…
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HDI Global’s investment in global programmes paying off
HDI Global reported a combined ratio of 90.5% for the first nine months of 2024 and insurance revenue up an…
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Swiss Re Corporate Solutions on target for sub-93% combined ratio
Swiss Re Corporate Solutions has reported net income of $207m for the third quarter of 2024 and $642m for the…
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HDI and Hannover Re drive record Talanx results
The Talanx Group has lifted its previous group net income target of more than €1.7bn for 2024 to more than…
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Scor reports 9M net loss of €229m
Scor said P&C reinsurance market conditions “remain attractive” for 2025 as the company booked a Q3 net loss of €117m…