Property
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CoreLogic predicts hurricane Ian losses of up to $47bn in Florida
CoreLogic estimates insured losses from Hurricane Ian of between $28bn and $47bn in Florida, making it the costliest storm in…
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Ian to firm up property rates but insurers positioned to absorb losses, says S&P
Hurricane Ian is likely to be a significant loss event for the US and global P&C reinsurance sectors and is…
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Hurricane Ian losses could exceed $40bn as storm heads to Carolinas: Fitch
Insured losses from hurricane Ian are estimated to range between $25bn and $40bn but the bill could escalate as the…
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Hurricane Ian losses will add fuel to reinsurance rate rises
Significant insured losses from Hurricane Ian will drive rates up ahead of key reinsurance renewals next month, according to analyst…
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Global average annual insured losses from catastrophes to exceed $120bn, says Verisk
Catastrophes are expected to cause about $123bn in insured losses on an annual average basis globally, compared to an average…
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Cat capacity crunch in focus as hurricane Ian nears Florida coast
The ability of the global insurance and reinsurance industry to shoulder catastrophe risk is being called into serious question as…
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Hurricane Ian reconstruction costs estimated at $258bn for one million homes at risk: CoreLogic
Data and analytics company CoreLogic said its data analysis shows 1,044,412 homes along the Florida gulf coast with a reconstruction…
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US commercial insurance market looking much better for buyers, says Lockton
From a buyer’s perspective, the US commercial insurance market is in the best shape it has been during the past…
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French insurers bow to political pressure to contain market hardening
France Assureurs, the French insurance association, has announced that during a meeting with government this week, insurers pledged to do…
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Berkshire Hathaway Specialty launches range of new policies in Spain
Berkshire Hathaway Specialty Insurance (BHSI) has introduced a range of new proprietary policy wordings in Spain. The new policies include…
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Big reduction in claims last year behind Lloyd’s profit turnaround, says Insurance DataLab
Lloyd’s syndicates reported an aggregate underwriting profit of £1.2bn for 2021 – up from a £2.1bn loss the previous year,…
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Buyers face inflation-induced higher premiums across a range of lines, warns Marsh
Insurance buyers are going to have to buy more insurance at coming renewals to cover a range of risks impacted…
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US buyers drawn to E&S markets amid primary rate hikes and tight capacity
Business has been flowing into US wholesale insurance markets from the primary side as policyholders and brokers seek alternatives to…
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MS Amlin Underwriting appoints head of property delegated authority
MS Amlin Underwriting Limited (MS AUL) has appointed Simon Morgan as head of property delegated authority, reporting into Sam Geddes,…
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PERILS adds Euro flood risk to loss database
Nordic risk managers should be better able to model their flood risk after catastrophe loss data provider PERILS expanded its…
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US commercial insurance pricing up nearly 6% in Q1, says WTW
US commercial insurance prices increased by 5.9% on average in the second quarter compared with the year-earlier period, according to…
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Modest rate increases for US financial institutions but cyber tough: Gallagher
A hard market continues for cyber for US financial institutions while other lines have seen modest increases, according to Gallagher’s…
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Big reinsurers banking on large rate hikes at 1 Jan
The world’s largest reinsurers will push for substantial rate increases at 1 January renewals, with Scor predicting the market is…
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IQUW adds lead underwriter, property and head of property claims
Property and specialty (re)insurer IQUW’s property team has been strengthened with the appointments of industry veteran John Brown as lead…
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Market expects further reinsurance hardening at year-end
Leading market players gathering this week for the Rendez-Vous de Septembre in Monte Carlo expect the reinsurance market to harden…
