Property
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June 2, 2023
Howden Tiger says property cat reinsurance market hardening at quickest pace since 1990s
The property-cat reinsurance market has seen continued rate hardening, with risk-adjusted rates up an average 33% at 1 June, the…
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May 30, 2023
Scor secures $75m cat bond after lowering exposure
Scor has placed a trigger cat bond for $75m of cover against named storms in the US, earthquakes in the…
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May 24, 2023
Storm risk mitigation efforts in focus as hurricane season begins
With the 2023 hurricane season looming, organisations in vulnerable areas should ensure they are prepared to recover quickly if a…
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May 24, 2023
Zurich names winners of innovation championship
Zurich has announced the winners of its innovation championship, who will now work with the insurer to try to bring…
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May 22, 2023
Market improving for buyers but nat cat property tough: Aon
Average insurance price increases stood between 1% and 10% across all global regions in Q1 2023 as upward rating pressure…
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May 22, 2023
Aspen names Tay Boon Chuan head of Singapore
Aspen Insurance has appointed Tay Boon Chuan as head of Singapore from Tokio Marine Kiln. The company also said that…
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May 19, 2023
Canadian P&C market stabilising with focus on risk quality
The Canadian property and casualty insurance market has stabilised, with increased competition and a more diversified appetite, says Aon, but…
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May 19, 2023
Aon’s president says property insurance market will stabilise this year
Skyrocketing rates in the property insurance market should stabilise this year as insurers and reinsurers incorporate updated valuations into their…
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May 18, 2023
US P&C rates moderate but commercial property spikes
The US P&C market has once again seen moderation in premium price increases in most lines, although commercial property saw…
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May 18, 2023
Insurers face fundamental change in business model
In economic terms, navigating an inflationary environment will be the biggest challenge in the coming years, and the insurance industry…
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May 12, 2023
Property rates up 29% as Beazley enjoys Q1 premium growth
Beazley increased gross written premiums by 12% in the first quarter of 2023 to $1.37bn after pushing through average rate…
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May 10, 2023
Moody’s warns of P&C profit hit from proposed drought reform in France
An increase in drought losses in France – forecast to rise by three times over the next 30 years –…
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May 10, 2023
US property market hardening accelerates as capacity contracts
US commercial property insurance buyers are seeing further rate hikes at renewals this year as insurers continue to restrict catastrophe…
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May 10, 2023
US commercial buyers continue to weigh alternative risk financing
Buyers continue to explore alternative risk financing options such as captives, parametrics and insurance-linked securities as property insurance market conditions…
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May 10, 2023
Demand for July renewals will drive rate rises: Swiss Re
April reinsurance renewals saw rates increase further, with demand ahead of the July season setting the stage for pricing momentum…
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May 9, 2023
Strong Q1 commercial lines performance at Chubb with US rates up 11%
Chubb’s net income was down 3.2% in Q1 to $1.89bn but commercial business once again delivered strong results despite heavy…
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May 5, 2023
All major US commercial lines hardened in April: Ivans
All major US commercial lines saw month-over-month premium renewal rate increases in April, shows latest data from Ivans Insurance Service.…
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May 5, 2023
Capacity issues remain for Swedish risk managers
Swedish risk managers are still struggling to get the capacity they need despite an apparent softening of the market. While…
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May 5, 2023
Berkshire Hathaway Specialty promotes two underwriting execs
Berkshire Hathaway Specialty Insurance (BHSI) has promoted Hilary Browne to the role of deputy global chief underwriting officer, and Cameron…
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May 4, 2023
Cautious optimism for North American insurance buyers, says WTW
There are signs of cautious optimism in the North American insurance market and while the economic outlook for 2023 remains…