CRE Insurance
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April 30, 2024
Spanish MGAs in talks to change rules to allow them to serve buyers across Europe
Spanish MGAs are holding negotiations with the Spanish authorities to implement legislative changes that would enable them to operate across…
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April 30, 2024
Average ransomware demands up 36% last year to $1.4m: Coalition
Cyber insurer Coalition saw claims frequency among its policyholders rise 13% last year, with more than half of all losses…
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April 30, 2024
Claire McDonald named CEO of Scor’s large corporate primary business
Former HDI Global executive Claire McDonald is joining Scor as CEO of its large corporate risk unit. McDonald has been…
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April 30, 2024
Insured cat losses above average in Q1 but down 43% on last year: Aon
Insured losses caused by natural catastrophes reached at least $17bn for the first quarter of 2024 and were slightly above…
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April 29, 2024
AM Best upgrades outlook for UK market and expects further rate hardening
AM Best has revised its outlook for the UK non-life insurance market to stable from negative, in part because it…
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April 29, 2024
Marsh extends Cyber ECHO facility to $125m of excess capacity
Marsh has added another $25m to its excess cyber facility ECHO, bringing its overall capacity to $125m. The broker said…
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April 29, 2024
Beazley grows premiums 7% in Q1 as overall rates flatten
Beazley booked premium growth of 7% for the first quarter of this year to $1.48bn after rate increased slowed to…
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April 26, 2024
Ferma members told AI will bring risk and reward for corporate insurance buyers
The growing use of artificial intelligence (AI) by insurers promises big benefits for corporate insurance buyers, but also comes with…
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April 26, 2024
Mapfre Global Risks boosts profit by 58% despite reduced premiums
Mapfre’s large corporate and industrial unit Global Risks posted a 58% boost to its net result that hit €10.7m for…
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April 26, 2024
Talanx confident of ‘significantly exceeding’ full-year forecast
Hannover-based insurance and reinsurance group Talanx has reported a quarterly consolidated net income of €572m. The group – which contains…
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April 26, 2024
WTW posts 4% higher revenue on mixed rating environment
WTW reported $2.34bn in first-quarter revenue, up 4% overall and 5% on an organic basis from the year-earlier period, in…
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April 26, 2024
Marsh launches global alternative risk solutions practice
A new global alternative risk solutions practice has been launched by Marsh, bringing together its expertise in parametric solutions, alternative…
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April 25, 2024
European rates up overall but financial and cyber lines falling: Marsh
European insurance rates rose by a further 3% in the first quarter of 2024 across the board, but the softening…
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April 25, 2024
London market to remain closed for construction SPPI cover
The London insurance market is unlikely to start offering single project professional indemnity (SPPI) cover for construction firms again anytime…
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April 24, 2024
Rates fall in most regions during Q1 but rise in Europe and US: Marsh
Average commercial insurance rates fell in the UK, Asia, Canada and the Pacific during the first quarter of this year…
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April 24, 2024
Major cyberattack would hike rates but insurers would ‘brush off’ losses: Lockton Re
A major cyber catastrophe event will inevitably see the return of rate increases for buyers although the insurance industry as…
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April 24, 2024
Chubb says Q1 saw ‘best rates’ as it books $2bn profit
Chubb chairman and CEO Evan Greenberg said the group saw “the best rates and pricing” for more than a year…
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April 24, 2024
Property risk and flood mapping platform expands to Europe
Geocoding and property intelligence expert Addresscloud has partnered with flood risk management firm JBA Risk management to map the flood…
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April 23, 2024
Courage and collaboration needed to manage emerging construction sector risks
The construction sector’s long-term outlook is positive, but it faces a number of challenges, not least the number of emerging…
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April 23, 2024
Munich Re ‘more likely’ to exceed 2024 profit target after €2.1bn gain in Q1
Munich Re has posted a preliminary net profit of €2.1bn for the first quarter of 2024, significantly outrunning analysts’ expectations…