Market
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Claims inflation and supply chain disruption unbalancing P&C market once more, says HDI Netherlands
Just as capacity was returning to the market and risk managers were finding most insurance easier to sort, claims inflation…
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Market easing for multinational insurance but growing role for captives
Market conditions are easing for global programmes but rates are still increasing, and if insurers push buyers too far, more…
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Inflation to drive further market hardening as insurers work to avoid liability crisis, says Berger
Ever-rising inflation is set to lead to further P&C market hardening as insurers face up to higher claims and ensure…
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Most US commercial insurance rates rise in May
Commercial insurance rates increased in all major lines for US buyers last month except workers compensation, but the sizes of…
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Hard UK construction PI market rumbles on as 42% of buyers say last renewal significantly worse
The professional indemnity (PI) insurance market is getting even more difficult for UK construction buyers, with 42% saying the situation…
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QBE opens Dutch office as European expansion continues
Australia-based insurer QBE has added the Netherlands to its European expansion strategy after announcing plans to open a Dutch office.…
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US commercial insurance price increases down a touch at 6% in Q1
US commercial insurance prices increased by 6% overall in the first quarter, about one point lower than the aggregate increase…
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Cyber rates could stabilise in 2022 as ransomware falls, says Howden
Cyber insurance rates, which averaged increases of more than 120% in the first quarter of 2022, could stabilise for buyers…
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Netherlands health insurance system under legal and financial pressure
The Netherlands’ universal healthcare policy may have withstood a recent legal challenge over the mandatory requirement to purchase a basic…
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Hefty US cyber rate rises in H1 but D&O market gets capital boost: USI
Rates for US cyber insurance continued to see big increases in the first half of this year while the D&O…
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Further rate rises persuade Moody’s to upgrade Dutch P&C sector
Ratings agency Moody’s has upgraded the outlook for the Dutch property and casualty (P&C) sector from negative to stable, as…
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Ferma survey finds cyber and supply chain top risk agenda
Cyber risk and the threat of supply chain failure have shot up the European risk management agenda during the last…
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Italian risk managers face further tough cyber and D&O renewals
Italian risk and insurance managers faced a “volatile and challenging” cyber insurance market in the first quarter of this year,…
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Rate increases slow in Q1 but reductions remain ‘rare’, says Aon
Global market price increases continued to slow in the first quarter of 2022, with all regions recording “modest” rises of…
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Danish seafood producer gets €24m insurance payout
Atlantic Sapphire, a Denmark-based acquaculture company, has received a DKK180m (€24.18m) insurance payout following a fire at its Danish salmon…
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Staff shortages force Scandinavian Airlines to cancel 4,000 flights
A chronic shortage of staff and delays in training have forced Sweden’s Scandinavian Airlines (SAS) to scrap 4,000 scheduled flights…
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Results show mixed fortunes for Scandinavian P&I mutuals Gard and Skuld
Norwegian club Skuld has reported a $15m loss for 2021/2022. The P&I marine insurer had recorded a $25m profit the…
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Challenging German market conditions persist in key lines
The difficult state of the German industrial and commercial insurance market, particularly for cyber and D&O risks, has been confirmed…
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PERILS raises February’s European windstorm loss estimate to €3.61bn
PERILS has increased its insured loss estimate for three storms that hit continental Europe and the UK in February to…
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Zurich sells Russian business to employees and exits market
Zurich Insurance has sold its Russian business to 11 members of the local team and exited the country. Zurich Russia…
