Property
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AIR says insured German flood losses could reach €5bn
AIR Worldwide estimates that insured losses in Germany from this month’s flooding could approach €5bn. The cost of the floods…
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Strong insurance pricing drives record profit at AXIS
There are few signs of an end to the hardening insurance market, based on record second-quarter operating results published by…
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GDV ups flood loss estimate as chemical explosion hits Leverkusen
The German association of insurance companies (GDV) has upped its estimate of losses from the recent storms and flooding across…
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Q2 rates up 28% in UK and 13% in Europe but hardening slows, finds Marsh
Commercial insurance prices increased 28% in the UK during the second quarter, the biggest rise of all regions globally, and…
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Global insurance rates up 15% in Q2 but hardening continues to slow: Marsh
Global commercial insurance rates were up 15% year on year in Q2 but the pace of change slowed for the…
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Insured German flood losses up to €5bn, says GDV
Flooding in the North Rhine-Westphalia and Rhineland-Palatinate regions caused by Storm Bernd in Germany last week is expected to cost…
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First-half insured losses highest in ten years: Aon
Global insured losses from natural catastrophes in the first half of 2021 have reached their highest since 2011 at $42bn,…
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Insured losses from storm BERND top €1bn in Germany
The devastating flooding in Germany caused by the low-pressure weather system known as BERND on 13-18 July, triggered more than…
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Berenberg estimates recent German flood loss up to $3bn
Floods in Germany and other parts of Europe last week and over the weekend could cost (re)insurers between $2bn and…
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Reinsurance rate increases to continue at 1 Jan but signs of moderation
Reinsurance prices are likely to increase further at the 1 January renewals but there are signs that price rises may…
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European flood defence system questioned in wake of German catastrophe
This week, Germany will continue to count the cost of last week’s ferocious floods that wreaked havoc in western Europe.…
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Swiss Re expects increase in US claims severity due to inflation surge
A surge in inflation in the US is expected to drive a short-term claims spike in US property insurance, and…
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MS Amlin names new P&C country manager for Belgium
MS Amlin Insurance SE (MS AISE), the global specialty (re)insurer’s European primary carrier, has appointed Jan Vande Weghe as property…
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Hurricane Elsa losses estimated at $290m
Insured losses from Hurricane Elsa are estimated to reach about $290m, according to cat model firm KCC. The majority of…
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Record $4.5bn insured loss in Europe following severe June weather
Insurers face a bill of $4.5bn from severe weather in Europe last month that is set to end up being…
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FM Global names Roberts to succeed Lawson as CEO
FM Global has named Malcolm Roberts as the company’s new CEO, taking over from Thomas Lawson in January 2022. He…
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Extreme weather triggers heavy June losses in DACH region
Germany, Austria and Switzerland (the DACH region) experienced a series of adverse weather events in June, resulting in losses (mainly…
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Agriculture risk management in focus as Italian market continues growth
The Italian food-farming sector is one of the most highly regarded worldwide for the quality of its products and, not…
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Cover still available for mounting civil unrest but prices set to rise
Specialist strikes, riots and civil commotion (SRCC) insurers are still providing cover for the risk despite rising civil unrest around…
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Ariel Re issues catastrophe bond
Ariel Re has issued its first 144A catastrophe bond, an index-triggered bond issued by Bermuda special purpose insurer Titania Re.…