Property
-
Beazley offers more capacity to risk managers that meet Marsh’s ESG Risk Rating
Beazley is going to grant more capacity through its Lloyd’s of London Syndicate 4321 to companies that perform well on…
-
Zurich report finds risk management shortfalls exacerbated storm Bernd
Simply blaming the catastrophic impact of severe weather event Bernd that caused devastating flooding and damage of up to €50bn…
-
French insurers report €1.26bn in claims from recent storms
French insurers have incurred some €1.26bn in claims from bad weather at the start of June and in late May,…
-
Everest Insurance expands into Asia with Singapore office
Everest Insurance has entered the Asian market with the opening of an office in Singapore. Everest, the insurance division of…
-
More data vital for better renewal outcome on US property risks, says Gallagher
US property underwriters are requiring more data to work on submissions and, in particular, insureds need to focus on replacement…
-
BELFOR cements Scandinavian position through SSG acquisition
BELFOR, a leading provider of disaster recovery services, and SSG, the Scandinavian market leader in damage restoration services, have joined…
-
WTW names AGCS’s Victor De Jager head of property in Europe
WTW has appointed Victor De Jager as head of property for Europe from Allianz Global Corporate & Specialty (AGCS). De…
-
Thawing permafrost and construction high on Swiss Re’s emerging risk radar
Thawing permafrost and quantum computing lead Swiss Re’s global scan of emerging risks facing companies and their insurers in its…
-
Allianz and Swiss Re back new parametric risk transfer scheme for Ghana floods
A new public-private partnership has been formed to develop flood insurance in Ghana based on parametric risk transfer, led by…
-
UK market hardening losing steam amid signs of plateau
Brokers, risk managers and insurers agree that the UK commercial market is looking better for buyers, with signs of softening…
-
Inflation to drive further market hardening as insurers work to avoid liability crisis, says Berger
Ever-rising inflation is set to lead to further P&C market hardening as insurers face up to higher claims and ensure…
-
Rising inflation could push up premiums to cover increased claims costs: Gallagher
Rising inflation, if unabated, will push up loss costs and ultimately have to be passed on through premium increases, Arthur…
-
Most US commercial insurance rates rise in May
Commercial insurance rates increased in all major lines for US buyers last month except workers compensation, but the sizes of…
-
Climate risk could leave businesses without cover and reduce D&O options, warns BoE
Insurance cover for businesses and homes could become “prohibitively expensive” or unavailable during the next 30 years because of the…
-
Property cat reinsurance rate increases in double digits for many at 1 June
Concerns over inflation and reduced property catastrophe capacity made 1 June reinsurance renewals difficult and protracted, with many ceding insurers…
-
Spots of softening in UK market set to tilt further in buyers’ favour, says Marsh
The UK commercial insurance market is getting easier for buyers with some price reductions now available and insurers struggling to…
-
SiriusPoint adds two to executive leadership team
Specialty insurer and reinsurer SiriusPoint has promoted Patrick Charles to global head of property and casualty insurance and services. He…
-
Preparedness is vital as companies face up to managing risks by themselves
Companies have been faced with a daunting trifecta of late – a rise in risk on almost all fronts; increasing…
-
US P&C insurers will withstand 2022 hurricane season losses despite challenges
Fitch Ratings has warned that in the event of a landfalling hurricane, US property and casualty (P&C) insurers will face…
-
Decelerating rate increases in US P&C market but concerns over inflation and storm losses
The US property and casualty (P&C) market is moving towards rate adequacy, and rate increases have decelerated slightly, although cyber…
