Market
-
March 15, 2024
UK government urged to support new reinsurance panel for combustible clad buildings
A new reinsurance facility covering commercial and residential buildings cladded in combustible materials has been launched in the UK, more…
-
March 15, 2024
French nat cat carrier posts big technical loss from rising weather events
French state-backed catastrophe carrier CCR recorded a significant technical loss of €112m for 2023 due to heavy natural disasters in…
-
March 14, 2024
US cyber backstop gathers momentum
Discussions to establish a US cyber insurance backstop, which should spur competition and innovation in the cyber insurance market, are…
-
March 14, 2024
QBE launches UK healthcare practice group with new liability product
QBE has created a healthcare practice division in the UK, headed by Doug Walker. It coincides with the launch of…
-
March 13, 2024
MS Amlin reports best combined ratio for a decade in ‘attractive’ market
MS Amlin has reported record profits for 2023 and the best combined ratio since Lloyd’s agency Amlin was acquired by…
-
March 12, 2024
Antares reports healthy growth in continued ‘positive’ market conditions
Antares Global, the Lloyd’s-based group of insurance and related service companies owned by Qatar Insurance, announced strong growth in 2023…
-
March 12, 2024
Generali in ‘best shape’ after booking record results
Generali reported a 14% gain in its 2023 net result, based on adjusted figures, to a record €3.58bn, driven by…
-
March 11, 2024
EMEA pricing flat in Q4 and easier than other regions: Aon
The EMEA insurance market was flat overall from a pricing perspective in the last quarter of 2023 and slightly easier…
-
March 11, 2024
Lloyd’s only exceeds cost of capital for first time in a decade with record results
Risk managers seeking evidence of a significant market softening to offer their CFOs a more optimistic outlook will be disappointed…
-
March 8, 2024
Ten-year high for US P&C sector’s net underwriting loss
The US P&C sector’s net underwriting loss rose to a ten-year high of $38bn in 2023, driven by severe weather-related…
-
March 7, 2024
Lloyd’s achieves huge jump in underwriting profit to £5.9bn as rates rise 7%
Lloyd’s saw its underwriting profit more than double last year to £5.9bn from £2.6bn in 2022, helped by price rises…
-
March 7, 2024
Beazley delivers record profit as CR falls to 71% and property rates rise 22%
Beazley’s profit before tax jumped 115% last year to a record $1.25bn, with the insurance service result, or underwriting profit,…
-
March 6, 2024
US rate hikes accelerate in February: Ivans
Commercial policyholders paid more for most major lines of coverage last month as premium renewal rates accelerated compared with January,…
-
March 6, 2024
Scor plans to ‘fully benefit’ from supportive market conditions
Scor continues its strong growth in the specialty insurance segment, and chairman Fabrice Brégier said during the company’s latest set…
-
March 5, 2024
Miller books record revenues on international and retail growth
Miller has announced record revenues for 2023 as the London-based specialty insurance broker continues its international and specialty retail expansion.…
-
March 5, 2024
Hiscox posts record profit of $626m in 2023 on back of underwriting rates and investment boost
Hiscox has announced record profit of $625.9m for 2023, up 127%, following a 36% gain in its underwriting result to…
-
March 5, 2024
Extreme weather in Australia’s summer costs insurers A$1.2bn
Insured losses from extreme weather during the Australian summer could reach A$1.2bn, according to an estimate from the Insurance Council…
-
March 4, 2024
Aviva re-entering Lloyd’s with £242m Probitas deal
Aviva is re-entering the Lloyd’s market through the £242m acquisition of Probitas. The move, which is set to complete by…
-
March 4, 2024
US commercial insurance price hikes ease
Commercial insurance policyholders paid an average premium increase of 7% in the fourth quarter of 2023, down from 8.1% in…
-
March 4, 2024
Marsh PPP facility expands cover to all shipping trade at Ukrainian ports
Marsh’s Unity insurance facility – backed by Lloyds and, ultimately, the Ukrainian government – has expanded, and now offers lower…