Property
-
April 25, 2024
European rates up overall but financial and cyber lines falling: Marsh
European insurance rates rose by a further 3% in the first quarter of 2024 across the board, but the softening…
-
April 24, 2024
Rates fall in most regions during Q1 but rise in Europe and US: Marsh
Average commercial insurance rates fell in the UK, Asia, Canada and the Pacific during the first quarter of this year…
-
April 24, 2024
Chubb says Q1 saw ‘best rates’ as it books $2bn profit
Chubb chairman and CEO Evan Greenberg said the group saw “the best rates and pricing” for more than a year…
-
April 24, 2024
Property risk and flood mapping platform expands to Europe
Geocoding and property intelligence expert Addresscloud has partnered with flood risk management firm JBA Risk management to map the flood…
-
April 23, 2024
Dubai floods put $8bn of aircraft at risk, estimates Russell Group
Aircraft with a value of $8bn on the ground at Dubai’s airport were at risk of damage during unprecedented rainstorms…
-
April 19, 2024
Marsh tracks slowdown in global Q1 rate hikes
Marsh’s global insurance rate index increased 1% in the first quarter of this year, compared with 2% in Q4 2023,…
-
April 19, 2024
Allstate posts nat cat loss of $343m for March
US insurer Allstate incurred a $343m pretax catastrophe loss in March, significantly lower than the same period in 2023. The…
-
April 19, 2024
UAE flash flood losses manageable as insurers adapt to changing weather
The recent extreme weather that caused severe flash flooding in the United Arab Emirates (UAE) is expected to prompt swathes…
-
April 19, 2024
Marsh McLennan reports 9% revenue growth for Q1
Marsh McLennan reported $6.47bin in revenue for the first quarter of 2024, a 9.3% increase from the same period last…
-
April 17, 2024
Taiwan earthquake claims unlikely to cause capital event
Insured losses to commercial insurers from the 3 April earthquake in Taiwan are unlikely to exceed 2016 Meinong earthquake levels,…
-
April 17, 2024
Q1 2024 records $20bn in nat cat losses: Gallagher Re
Insured losses from global natural catastrophes totalled $20bn in Q1 2024, according to estimates from Gallagher Re, almost 40% lower…
-
April 16, 2024
US rate increases accelerate a touch in Q1, says Ivans
US commercial insurance rate increases accelerated across most major lines of coverage during the first quarter, according to a report…
-
April 11, 2024
NAIC adopts national climate resilience strategy for insurance
The US National Association of Insurance Commissioners (NAIC) has adopted the first-ever NAIC national climate resilience strategy for insurance to…
-
April 10, 2024
Aggressive underwriting and rising losses blamed for French local government insurance crisis
A new parliamentary report has blamed overly aggressive strategies from a dominant insurer that led to high market concentration, combined…
-
April 9, 2024
Reinsurance prices ‘peaked’ ahead of next round of renewals, says Berenberg
Reinsurance prices are likely to have peaked, according to analyst Berenberg, but strong levels of demand for protection will balance…
-
April 8, 2024
German insurers upgrading models to include flash floods
German insurers are working to take flash floods into account within their risk models. “The July 2021 flood in particular…
-
April 8, 2024
Lancashire Insurance US focuses on E&S market
Lancashire Insurance US has opened for business, operating under a delegated underwriting arrangement with Lancashire’s UK platform. It is focused…
-
April 8, 2024
Nature’s fury unleashed: Is your business battle-ready?
Many risk managers feel they have been in firefighting mode for the last two years, struggling to stay ahead of…
-
April 8, 2024
US commercial insurance rate hikes slow in Q1: MarketScout
Commercial US insurance rates rose an average of 3.9% in the first quarter of 2024, compared with 5.6% in the…
-
April 5, 2024
Taiwan property rates likely to increase following earthquake
Taiwanese insurers are expected to remain profitable despite the recent 7.2 magnitude earthquake that struck the main island’s east coast…