Market
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German cyber MGA Cogitanda reportedly files for insolvency
German risk managers will be concerned to hear that cyber MGA Cogitanda has reportedly informed its shareholders this week that…
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Vienna Insurance avoids storm Boris dent to profit
Vienna Insurance Group said it expects to close 2024 near the top of its profit range of between €825m and…
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Cyber rates need to rise for insurers to maintain profit: S&P
Cyber insurers will need to be clearer on policy wordings and adjust rates over the next two years, while looking…
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McGill launches AI-powered trade disruption facility
London-based specialty broker McGill and Partners has launched a new AI-powered trade disruption insurance facility, backed by Tokio Marine Kiln…
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Italian insurance market slowly improving but concerns over nat cat and ESG
Italian insurance buyers say they now enjoy slightly better market conditions, with room to negotiate in some areas. But they…
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US commercial rate rises steady in third quarter: CIAB
Average US commercial insurance renewal premiums increased 5.1% in the third quarter, a marginal deceleration from the 5.2% rise in…
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Non-life premium growth to peak in 2024 as market hardening ends: Swiss Re
The non-life insurance market is expected to see decade-high premium growth of 4.3% this year following the hard market but,…
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NorthStandard warns members of 5% rate increase
P&I club NorthStandard has announced a 5% general increase on premium rates for 2025/6, driven by both the number and…
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Generali says rates will be driven up by nat cats
Generali sees further headroom for additional price increases in the next quarter as it reported that nat cat losses during…
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HDI Global’s investment in global programmes paying off
HDI Global reported a combined ratio of 90.5% for the first nine months of 2024 and insurance revenue up an…
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Swiss Re Corporate Solutions on target for sub-93% combined ratio
Swiss Re Corporate Solutions has reported net income of $207m for the third quarter of 2024 and $642m for the…
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HDI and Hannover Re drive record Talanx results
The Talanx Group has lifted its previous group net income target of more than €1.7bn for 2024 to more than…
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Scor reports 9M net loss of €229m
Scor said P&C reinsurance market conditions “remain attractive” for 2025 as the company booked a Q3 net loss of €117m…
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Allianz buoyed by Q3 but commercial profit falls 39%
Allianz said its full-year operating profit is likely to be in the upper half of the target range at €14.8bn…
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Valencia floods set to be biggest nat cat loss ever in Spain
Estimates of the damage caused by floods in southeastern Spain early this month are rising and signs are that it…
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Spanish buyers see signs of softening but conditions remain tight
Rates are softening in the Spanish insurance market but underwriting continues to be rigorous and deductibles have not yet fallen,…
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Hannover Re raises profit target after 50% jump in Q3
Hannover Re has raised its profit target for 2024 by €200m after booking a 30% gain in net income in…
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Zurich sees no let up in social inflation
US social inflation and moves to broaden access to collective litigation in Europe are increasing the risks of catastrophe-sized liability…
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Liberty Mutual continues turnaround as Q3 income jumps 307%
US-based global insurer Liberty Mutual reported third-quarter net income of $892m from $219m in the same period last year and…
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Zurich commercial rates up 4% in 2024
Swiss carrier Zurich Insurance recorded rate increases of 5% during the first nine months of 2024, with rises of 4%…