Market
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Guy Carp’s global reinsurance property index down 6.6% at year-end
Guy Carpenter’s Global Property Catastrophe Rate on Line Index (ROL) fell for the first time since 2016 at year end,…
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Reinsurance market softens at year-end
The reinsurance market softened at 1 Jan as new capacity ushered in a “new phase” focused on price reductions and…
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Commercial insurance price fall for first time since 2017: Howden
Howden says that global commercial insurance market hardening has peaked and expects these improving conditions will continue through 2025. The…
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Insurance market outlook improving for US buyers, says Risk Strategies
Commercial insurance buyers are seeing better pricing and broader terms and conditions as they head into 2025, senior executives at…
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Darag completes sale of North American units to fire European operations
Legacy acquirer Darag has completed the sale of its North American and Bermuda businesses to RiverStone Group to focus on…
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Cyclone Chido losses up to €800m, says French nat cat scheme
Tropical Cyclone Chido, which hit the French overseas department Mayotte this week, is set to cost between €650m and €800m…
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Energy MGA Volt increases capacity by 50%
Volt Underwriting, a London-based energy managing general agency, has increased its capacity by 50% for 2025 as it signed a…
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Storm Boris insured losses rise to €2bn: Perils
Insured losses from floods in central European and Italy this September are now estimated to have cost €2.08bn, 10% higher…
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Marsh expects European cyber rates to continue softening next year
Cyber insurance prices for European buyers are expected to continue to fall into 2025, although they may start to moderate…
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Cyber consortium launches at Lloyd’s
US cybersecurity firm Hitrust Services has launched a cyber insurance consortium in collaboration with Lloyd’s of London. The shared risk…
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Aon and EBRD launch facility to ‘revitalise’ war risk market in Ukraine
Aon and the European Bank for Reconstruction and Development (EBRD) have launched an innovative war risk insurance facility to “revitalise”…
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Representations and warranties rates on the rise in the Americas: Lockton
Premiums for representations and warranties insurance (RWI) continued to fall in the first half of this year, but an uptick…
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US property softening as casualty moves in other direction: Amwins
Despite pending losses from hurricanes Helene and Milton, and severe convective storms, property insurance rates in the US are softening,…
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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,…