CRE Insurance
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November 10, 2023
Scor swings to Q3 profit, but says man-made losses ‘too high’
Scor’s CEO Thierry Léger said it intends to “take advantage” of the hard market at January renewals “with new business…
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November 10, 2023
Inflation driving higher-for-longer commercial rates: AM Best
Europe’s top ten property/casualty insurers are outperforming their smaller rivals and are better able to capitalise on the hard insurance…
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November 9, 2023
Insurers called out for ‘greenwashing profits’ from fossil fuel underwriting
Insurers are prioritising profits over the planet by continuing to underwrite projects for fossil fuel companies, according to campaign group…
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November 9, 2023
Zurich reports 9% premium growth driven by rates
Zurich Insurance Group has reported property/casualty insurance revenue up 9% for the first nine months of 2023, driven by strong…
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November 9, 2023
Hannover Re profits up, uptick in frequency losses
German reinsurance group Hannover Re has posted healthy third-quarter and nine-month results, despite experiencing an uptick in higher frequency losses.…
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November 9, 2023
Nat cat, US liability and construction set for tough renewal
The insurance market is looking much more stable for European buyers at year-end renewals but there remain some difficult areas…
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November 9, 2023
Insured losses from Europe’s storm Ciarán up to €1.3bn: Verisk
European storm Ciarán is estimated to have caused insured losses of between €800m and €1.3bn, according to initial estimates from…
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November 8, 2023
Sirm members told AI to transform corporate insurance market
The risk management sector and the commercial insurance market may well be heading for a rapid period of change –…
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November 8, 2023
Swiss insurers request self-regulation on greenwashing
The Swiss Insurance Association (SIA) has told the Federal Department of Finance (FDF) that its planned principles-based greenwashing regulation is not necessary…
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November 8, 2023
Kessler launches cyber crisis management platform
Swiss broker Kessler is launching Threema, a new communication platform that is designed to strengthen and support customer cyber crisis teams.…
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November 8, 2023
Munich Re raises profit guidance on lower Q3 nat cat losses
Munich Re has raised its profit guidance for full-year 2023 after a better-than-expected third quarter result on the back of…
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November 8, 2023
Lloyd’s invests to boost ethnic diversity following slave trade report
Lloyd’s has launched a programme of initiatives to foster the careers of more Black and ethnically diverse talent in the…
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November 8, 2023
Allianz Trade relaunches export risk app
Trade credit insurer Allianz Trade has relaunched its free online app, Trade Match, which identities the best export opportunities for…
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November 7, 2023
Property drives Beazley’s nine-month growth
Lloyd’s insurer Beazley has reported strong growth in property premiums in the first nine months, offsetting slower growth in cyber…
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November 7, 2023
Howden Tiger targets MGA growth in Europe with Bertagna hire
Howden Tiger said it is targeting “rapid expansion” of its European MGA business as it announced the appointment of Enrico…
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November 7, 2023
Outlook ‘bleak’ for next generation of underwriting processes: survey
The majority (79%) of specialty and commercial underwriters in the UK and US say they are concerned that underwriting processes…
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November 7, 2023
Beazley planning to determine risk appetite for AI
Beazley PLC is reviewing its portfolio to determine its appetite for writing risks related to artificial intelligence and its potential…
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November 7, 2023
Arthur J Gallagher expands in Ireland with Keaney buy
Arthur J Gallagher has acquired Irish commercial insurance broker Keaney Insurance Brokers for an undisclosed sum. Managing director Terry Keaney…
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November 7, 2023
Marsh appoints new global head of placement
John Donnelly has been appointed global head of placement at Marsh, effective 1 January 2024. In this role, he will…
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November 6, 2023
Europe’s captive market set to grow: AM Best
Competition between jurisdictions and a continuing hard insurance market look set to increase the number of captives operating in Europe,…