Property
-
March 18, 2024
Corporates gaining confidence in parametric solutions
Martin Hotz, head of parametrics natcat at Swiss Re Corporate Solutions, talked to Global Risk Manager about the growing interest…
-
March 15, 2024
UK government urged to support new reinsurance panel for combustible clad buildings
A new reinsurance facility covering commercial and residential buildings cladded in combustible materials has been launched in the UK, more…
-
March 15, 2024
Firms urged to adapt approach to lithium-ion battery fire risks
QBE Europe is urging companies to put in place appropriate risk management and fire safety controls to tackle lithium-ion battery…
-
March 15, 2024
French nat cat carrier posts big technical loss from rising weather events
French state-backed catastrophe carrier CCR recorded a significant technical loss of €112m for 2023 due to heavy natural disasters in…
-
March 13, 2024
McLarens creates UK entertainment unit with new team hires
Global claims service firm McLarens has launched an entertainment and contingency unit in the UK and Ireland, with a focus…
-
March 11, 2024
EMEA pricing flat in Q4 and easier than other regions: Aon
The EMEA insurance market was flat overall from a pricing perspective in the last quarter of 2023 and slightly easier…
-
March 11, 2024
HDI Global makes board changes as McDonald exits
Industrial insurer HDI Global, owned by Talanx, has announced changes at board level, with Claire McDonald – head of HDI…
-
March 8, 2024
Compulsory cat cover back on agenda for German state ministers
The German Conference of Federal State Prime Ministers, the committee formed by the 16 German states to coordinate policy, has…
-
March 7, 2024
Beazley delivers record profit as CR falls to 71% and property rates rise 22%
Beazley’s profit before tax jumped 115% last year to a record $1.25bn, with the insurance service result, or underwriting profit,…
-
March 7, 2024
Dynamic shift in appetite from Singapore and Malaysia insurance markets
Both the Singapore and Malaysia markets show a dynamic shift in insurers’ focus, with a heightened appetite for cyber, marine,…
-
March 6, 2024
Reinsurance prices to peak this year after ‘modest’ rises in months ahead: Moody’s
Global reinsurance prices are likely to peak at multi-decade highs in 2024 as competition intensifies, according to Moody’s. The ratings…
-
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…
-
March 5, 2024
Latin America and Asia see big growth in ‘true risk managers’ as insurance becomes business enabler
Risk and insurance managers in key growth markets Latin America and Asia are becoming more sophisticated as their businesses expand…
-
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…
-
March 5, 2024
Extreme weather in Australia’s summer costs insurers A$1.2bn
Insured losses from extreme weather during the Australian summer could reach A$1.2bn, according to an estimate from the Insurance Council…
-
March 4, 2024
US commercial insurance price hikes ease
Commercial insurance policyholders paid an average premium increase of 7% in the fourth quarter of 2023, down from 8.1% in…
-
March 4, 2024
Strong growth forecast for New Zealand general insurance sector
The general insurance industry in New Zealand is expected to grow by 8.3% in 2024, supported by property and motor…
-
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…
-
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…
-
February 28, 2024
Greater optimism on global property renewals
Companies with excellent loss experience should feel a lot more optimistic going into their 2024 property insurance renewals, according to…