Market
-
Construction PI market still difficult but signs of stabilisation for well-managed risks
Construction professional indemnity (PI) insurance buyers that can display good risk management are seeing some market stabilisation but others still…
-
Mixed picture for Spanish insurance as D&O softens while property hardens
Insurance buyers say that the Spanish insurance market has stabilised in recent renewals but at a level that means they…
-
Cyber market softening but war exclusions a concern, says Aon
Aon says that “substantial” new capacity will help soften the global cyber insurance market and expects premium rates to be…
-
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…
-
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…
-
P&C drives Generali growth in premium and net result
Generali has reported an adjusted net result of €1.23bn for the first quarter of 2023, representing 49.7% growth, largely thanks…
-
AMRAE study finds French cyber market showing signs of improvement but capacity shortfall persists
The cyber insurance market showed signs of improvement for French buyers last year, but they still had to deal with…
-
HDI Global says turnaround complete as it delivers strong Q1 numbers
HDI Global said its turnaround is now complete as the company’s underwriting results and combined ratio improved in the first…
-
Market improving for buyers but nat cat property tough: Aon
Average insurance price increases stood between 1% and 10% across all global regions in Q1 2023 as upward rating pressure…
-
Aon’s president says property insurance market will stabilise this year
Skyrocketing rates in the property insurance market should stabilise this year as insurers and reinsurers incorporate updated valuations into their…
-
Munich Re forges ahead on back of strong renewals
Munich Re increased business written by 11.1% during the April renewals and reported an overall risk-adjusted rate increase of 4.7%.…
-
Commercial rate increases of 6% help drive Zurich’s Q1 P&C growth
Zurich’s P&C insurance revenue increased 7% in the first quarter, driven by “strong” growth in commercial business and further price…
-
Convex reports net loss of $142m in 2022
Convex Group’s net loss narrowed to $142m for full-year 2022 compared with a net loss of $158m in 2021, as…
-
HDI maintains strong growth in industrial lines
HDI continued its positive growth in industrial and specialty lines on the back of continued rate increases in the first…
-
QBE reports strong Q1 premium growth but adverse nat cat claims development
QBE has reported strong growth in premium in the first quarter of 2023, largely as a result of rate increases,…
-
Swiss Re Corporate Solutions posts further strong profit and lower CR
Swiss Re Corporate Solutions saw its net income jump to $168m in the first quarter from $81m, as its combined…
-
AXA XL insurance gets premium boost on back of ‘reaccelerating’ price rises
AXA XL’s gross written insurance premiums rose 4% in the first quarter of this year, helped by average rate increases…
-
AGCS Q1 premiums up 20% helped by 7% rate rises
Allianz Global Corporate & Specialty (AGCS) saw its gross written premiums jump 20% in Q1 to €3.74bn, driven by average…
-
Property rates up 29% as Beazley enjoys Q1 premium growth
Beazley increased gross written premiums by 12% in the first quarter of 2023 to $1.37bn after pushing through average rate…