Property
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November 30, 2023
Mixed primary market outlook for 2024: Zurich
Zurich has painted a mixed picture for European insurance buyers next year with some areas, such as marine, stabilising, and…
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November 29, 2023
Lockton expands Norwegian team as part of Nordic expansion
Lockton has appointed Christen Thorbjørnsen, Harry Nilsen, Nikolai Jørgensen and former insurance manager Sigbjørn Larsen to its energy, renewables and…
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November 29, 2023
Companies must prepare for more extreme weather
The floods in Emilia-Romagna underlined the importance of preparation when faced with extreme weather emergencies. This summer Europe was again…
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November 29, 2023
US insurance prices rise in Q3 but pace slows
US commercial insurance premiums rose 8.1% on average in the third quarter, with property rates continuing to surge, according to…
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November 28, 2023
North American buyers face hardening rates into 2024: WTW
North American insurance buyers continue to see rate increases across most lines, albeit primarily in the single digits, while the…
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November 28, 2023
UK exposed to millions in additional flood losses from climate change
The impact of climate change will add millions to the UK’s losses from flooding, according to a new study from…
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November 24, 2023
Perils increases loss estimate from Italy’s May floods to €509m
Catastrophe data specialist Perils has increased its insured loss estimate for floods in the Emilia-Romagna region of Italy this May…
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November 22, 2023
Mandatory risk prevention measures needed to close German insurance gap
The German Insurance Association (GDV) has repeated its call for mandatory loss prevention and risk mitigation measures to be introduced…
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November 21, 2023
French minister urges insurers to speed up claims following €1.3bn storms
French insurers are coming under pressure to respond more proactively and quickly to the needs of citizens, farmers and businesses…
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November 21, 2023
Asia sees modest price increases amid growing demand for ART
Demand for alternative risk transfer solutions has increased in Asia according to Aon, which said it has seen a growing…
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November 20, 2023
Global insurance market moderates further in Q3 as insurers go for growth: Aon
The global commercial insurance market moderated further in Q3, with prices still rising a touch in most regions, but buyers…
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November 15, 2023
US mid-market companies unprepared for flood risk, warns Chubb
US mid-market companies are significantly unaware of and unprepared for the risks their businesses face from flooding, according to a…
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November 13, 2023
Storm Ciarán to cost insurers up to €1.5bn: Moody’s RMS
Insured losses from storm Ciarán, also known as Emir, will fall between €900m and €1.5bn, according to Moody’s RMS. Damage…
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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
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
US insurance rate hikes accelerate in most lines
US insurance premium renewal rates climbed in October in five out of six lines of coverage tracked by Ivans Insurance…
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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 6, 2023
Verlingue rebrands London market unit for growth
Lloyd’s and London market broker NBJ London Markets has been rebranded as Verlingue London Markets as it also takes on…
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November 3, 2023
Hurricane Otis losses to further harden reinsurance market, says Best
Insured losses from Hurricane Otis in Mexico, which could range between $1.8bn to as much as $6.5bn, are likely to…