CRE Insurance
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March 6, 2024
German industrial insurers need to step up digitisation efforts: WTW
Insurers still have a long way to go when it comes to digitising their underwriting, based on a survey of…
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March 5, 2024
European market to stabilise further with rate decreases on the cards in H2
Brokers predict that European insurance buyers will see the market stabilise further in 2024 and may begin to see more…
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March 5, 2024
Miller books record revenues on international and retail growth
Miller has announced record revenues for 2023 as the London-based specialty insurance broker continues its international and specialty retail expansion.…
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March 5, 2024
Hiscox posts record profit of $626m in 2023 on back of underwriting rates and investment boost
Hiscox has announced record profit of $625.9m for 2023, up 127%, following a 36% gain in its underwriting result to…
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March 5, 2024
War risk rates hold firm after Red Sea sinking: reports
Shipping war risk insurance rates have held steady after the total loss of UK-owned cargo vessel Rubymar at the weekend,…
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March 4, 2024
Aviva re-entering Lloyd’s with £242m Probitas deal
Aviva is re-entering the Lloyd’s market through the £242m acquisition of Probitas. The move, which is set to complete by…
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March 4, 2024
Marsh PPP facility expands cover to all shipping trade at Ukrainian ports
Marsh’s Unity insurance facility – backed by Lloyds and, ultimately, the Ukrainian government – has expanded, and now offers lower…
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March 1, 2024
Coface pricing down 1.9% but claims costs now above pre-pandemic levels
Trade credit insurer Coface said rates were down 1.9% last year but has so far avoided a spike in claims…
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March 1, 2024
European reinsurers’ underwriting margins close to peak, says Fitch
European reinsurers’ underwriting margins are close to peaking as supply-and-demand dynamics become more balanced, according to Fitch. “This is in…
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March 1, 2024
Reinsurers applying brake to insurance market softening
The return of more stable reinsurance market conditions is easing pressure on the commercial insurance space. But with no softening…
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February 29, 2024
UK property market update; a changing risk picture
Macroeconomic challenges and concerns about climate change and severe weather patterns, as well as the need for companies to continue…
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February 28, 2024
Global insolvencies set to peak this year before levelling off, says Allianz
Global insolvencies continued to rebound last year and are now above pre-pandemic levels in most advanced economies, finds Allianz Trade,…
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February 28, 2024
Swiss Re calls for adaptation measures to tackle climate change
A new analysis of 36 countries and their exposure to climate change carried out by the Swiss Re Institute ranks…
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February 27, 2024
Munich Re urges European politicians to back cyber pool
Munich Re has urged policymakers in Europe and Germany to throw their weight behind a state-funded backstop for systemic cyber…
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February 27, 2024
P&C reinsurance dents Munich Re’s profits but ERGO performs well
Munich Re’s profit fell 13.4% last year to €4.58bn, despite improved performance at its primary unit ERGO, as P&C reinsurance…
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February 27, 2024
German insurers demand new traffic rules if cannabis legalised
German insurers are calling on the federal government to create clear rules for road traffic as quickly as possible if…
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February 26, 2024
Valencia fire sparks cladding concern as Mapfre confirms it is on cover
The fire that killed at least ten people in Valencia last week has triggered a debate in Spain about the…
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February 23, 2024
AGCS’s profits up 20.6% to help Allianz Commercial hit €2.6bn
Allianz Global Corporate & Specialty (AGCS) saw its operating profit jump 20.6% last year to €953m and business volume rise…
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February 23, 2024
Only half of firms retrieve data after ransomware payments
Most cyberattacks breached organisations’ networks through their supply chain, according to US-based cybersecurity firm Cybereason. It found that 41% of…
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February 23, 2024
Air pollution rises up risk agenda in UK and EU
Air pollution is the fastest-growing insurance protection gap among climate risks, say Airmic members polled in the association’s latest survey.…