Property
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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…