Market
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Rate increases drive AM Best’s stable outlook for global reinsurers
AM Best has held its stable outlook for the global reinsurance market based on “substantial” rate increases, largely from property…
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Growth momentum for China’s non-life insurance sector
China’s non-life insurance sector is seeing growth momentum in the motor and non-motor segments, and the country is seeing a…
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Spanish insurers to strengthen profits in 2024 after rate hikes, says Fitch
Spain’s non-life insurers are expected to report improved profits in 2024 following higher rates and a boost to investment returns,…
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Mixed primary market outlook for 2024: Zurich
Zurich has painted a mixed picture for European insurance buyers next year with some areas, such as marine, stabilising, and…
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Fitch improves outlook on French market to neutral
Fitch has revised its outlook on the French non-life insurance sector to neutral from deteriorating because it believes “strong” pricing…
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Anra members need insurers to up game on emerging risks, says president
The Italian commercial insurance market is reaching “equilibrium” after recent hardening, but members of the country’s risk management association Anra…
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US insurance prices rise in Q3 but pace slows
US commercial insurance premiums rose 8.1% on average in the third quarter, with property rates continuing to surge, according to…
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Rate increases drive QBE’s Q3 premium growth
QBE said premium growth of 7% for the third quarter of 2023 to $17.4bn was driven by average renewal rate…
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Specialty broker Consilium books 35% growth and targets further expansion
Specialty broker Consilium has reported 35% growth in revenue for the year ending June 2023, booking gross written premiums of…
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Perils increases loss estimate from Italy’s May floods to €509m
Catastrophe data specialist Perils has increased its insured loss estimate for floods in the Emilia-Romagna region of Italy this May…
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Aspen swings to Q3 profit on tighter portfolio
Aspen Insurance swung to net income profit of $86.3 in the third quarter of 2023 from a loss of $161.2m.…
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Further primary rate hardening needed to meet cost of capital, says Swiss Re
Swiss Re’s chief economist has predicted that primary insurance rates will need to harden next year if the insurance industry…
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High rates boosting insurers’ resilience to headwinds: Swiss Re
Rate increases for commercial insurance have helped shore up insurers’ profits, which have been simultaneously dented by the impact of…
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Global insurance market moderates further in Q3 as insurers go for growth: Aon
The global commercial insurance market moderated further in Q3, with prices still rising a touch in most regions, but buyers…
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Nat cats drive ‘exceptional’ claims at Baloise
Swiss insurer Baloise said its earnings have been hit by an ‘exceptionally high’ amount of CHF200m (€208m) from natural catastrophe…
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Generali commits to growth while retaining ‘adaptive’ price discipline
Generali said during its nine-months results announcement that it would stand firm on P&C pricing in coming renewals despite promising…
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RMS pegs Hurricane Otis insured losses at $2.5bn to $4.5bn
Insured losses from Hurricane Otis are expected to be between $2.5bn and $4.5bn, according to Risk Management Solutions (RMS), a…
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Talanx’s industrial lines revenue up 10% as underwriting profits soar
Talanx’s industrial lines business improved its numbers for the first nine months of the year pretty much across the board,…
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Storm Ciarán to cost insurers up to €1.5bn: Moody’s RMS
Insured losses from storm Ciarán, also known as Emir, will fall between €900m and €1.5bn, according to Moody’s RMS. Damage…
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P&C business drives volume growth for Allianz
Allianz has reported a 4.7% increase in total business volume to €122.1bn for the first nine months of 2023, driven…