Property
-
Perils estimates €1.6bn loss for southern Germany floods
The floods that hit southern Germany in May and June this year are set to cost insurers €1.59bn, according to…
-
Aon calls on reinsurers to ‘lean in’ to complex and interconnected risks
Aon is calling on the reinsurance industry to deploy its record levels of capacity to help insurers address complex and…
-
Moody’s acquires casualty modeller Praedicat
Rating agency and risk data provider Moody’s has purchased casualty insurance analytics company Praedicat in a move designed to bolster…
-
AXA CEO defends oil and gas policy in face of GVNW scepticism
One of Europe’s top insurers defended his company’s restrictions on underwriting risks linked to oil and gas production, despite concerns…
-
GVNW foresees market easing despite tough spots
The GVNW expects insurance pricing to ease in the coming months across most lines but warns that corporate motor and…
-
German insurers able to back €10bn cat scheme: AM Best
The German insurance market has adequate capacity to back a compulsory natural hazards scheme if it were introduced, AM Best…
-
Poor planning undermines efforts to mitigate UK flood risk
The insurance sector’s ability to provide cover for flood risk in newly developed homes in the UK is being undermined…
-
Extreme weather shocks disrupting supply chains – here’s what risk managers can do
Ahead of the annual GVNW Symposium, BELFOR’s Martin Schachtschneider outlines what the climate crisis means on the damage restoration frontline,…
-
Eiopa developing nat cat PPP recommendations
Europe’s insurance supervisor Eiopa said it is actively working on firm recommendations for new public-private partnerships (PPP) to insure more…
-
Ferma calls for EC climate protection gap body
Ferma has repeated its call for a permanent body to advise Europe’s policymakers on climate adaptation and resilience following the…
-
Positive outlook for insurance buyers in Australia, says Marsh
The general outlook for insurance buyers in Australia is positive according to Marsh, with the return of market competition from…
-
Moody’s shifts outlook for global reinsurance sector to positive
Moody’s Investors Service has upgraded its outlook for the global reinsurance sector to positive. Higher prices and tighter policy terms,…
-
Reinsurance rates peaking in short tail lines, says S&P
Pricing has remained largely in favour of reinsurers during major renewals this year but rates are likely to have “peaked”…
-
Reinsurer appetite for nat cat to rise: S&P
S&P says reinsurers are showing growing appetite for nat cat risk as market conditions move in their favour and expects…
-
Cat risk appetite returns to European reinsurers: Best
Europe’s largest four reinsurers have “good appetites” for property catastrophe risks again in 2024, driven by continuing hard reinsurance market…
-
‘Broad-brush’ from insurers leaves food producers uncovered in Spain
Spanish food producers are struggling to purchase property insurance for buildings that use so-called ‘sandwich panels’, as underwriters fail to…
-
Germany braced for record nat cat losses as H1 bill totals almost €4bn
Insured losses from natural catastrophes in Germany totalled €3.9bn in the first half of 2024, just €1bn shy of the…
-
WTW appoints new international property director
Gavin Hamilton has been appointed as a director within the international property team at WTW, based in London. In his…
-
UK rate softening spreads to P&C lines: Aon
UK buyers were able to secure lower premiums for some property & casualty placements as rate softening spread from financial…
-
Flat reinsurance rates expected in 2025, says Fitch
Reinsurance market rates are expected to be mostly flat in 2025 and terms and conditions to broadly hold steady, according…