Property
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Chaucer appoints international property class underwriters
Specialty (re)insurance group Chaucer has appointed Emma Brown and Andy Cleair as class underwriters to its international property division. They…
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Insured losses from storm Éowyn rise to €696m
Estimated insured losses from storm Éowyn in Ireland in January 2025 have increased to €696m, according to catastrophe data specialist…
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Riskonnect offers risk managers geospatial insights for property risks in MAPTYCS deal
Risk management solutions firm Riskonnect has partnered with geospatial intelligence platform MAPTYCS to offer corporate risk managers more insights into…
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US commercial property market to remain soft: Risk Strategies
Commercial property insurance markets will remain soft in 2025 for US buyers while casualty markets will be more challenging, according…
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Marsh reports European rates down but only region where softening slowed
Insurance rates fell in Europe for the second consecutive quarter but were down just 1% from 2% in the prior…
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Softening accelerates in UK as rates fall 6% in Q1: Marsh
Commercial insurance rates fell 6% in the UK during Q1 2025, as softening accelerated from 5% in the previous two…
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Cat modeller Oasis maps out growth plans for Europe
Catastrophe modelling platform Oasis Loss Modelling Framework said it has expanded its footprint in Europe, highlighting momentum in France, through…
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Canopius pursues parametric growth through new coverholder
Canopius and Global Parametrics said they will partner to build a global portfolio of parametric business after Global Parametrics was…
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Perils estimates A$2.5bn loss from Cyclone Alfred
Insured losses from Cyclone Alfred, which hit the Australian states of New South Wales and Queensland last month, will total…
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US rate increases slow in most lines during Q1: Ivans
The pace of commercial insurance rate rises in the US slowed slightly in most major coverage lines during the first…
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Global insurance market softens further in Q1: Marsh
Marsh’s global rate index fell 3% during the first quarter of this year, compared with a drop of 2% in…
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Global catastrophe losses hit $53bn in Q1: Aon
Global insured losses for the first quarter are expected to reach $53bn, more than triple the first-quarter average over the…
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Americas seeing generally positive buyer conditions
Favourable conditions for buyers are continuing across many lines of coverage in North America, while Latin American market conditions are…
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Taking stock of France’s rising flood challenge
Commercial Risk Europe recently convened a panel of industry experts comprising brokers, underwriters, risk engineers and risk modellers to discuss…
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Favourable market conditions in Canada despite record-breaking nat cats, says Aon
The Canadian property and casualty market has proved to be remarkably resilient, despite record-breaking natural catastrophe losses in 2024 totalling…
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German insurers strong enough to swallow mandatory cat cover
The German P&C insurance industry was in a “stable” solvency position at the end of 2024 and would cope with…
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High risk of hail-related roof damage for US properties
More than 12.6 million US properties are at high risk of hail-related roof damage, representing $189.5bn in potential replacement costs,…
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German insurers back nat cat opt-out as coalition agrees treaty
German insurance association GDV has called on the country’s new coalition government to work with the industry on climate risks.…
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Scor sponsors $240m cat bond for US and European perils
French reinsurer Scor has sponsored a $240m cat bond to protect against losses from named storms in the US and…
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European insurers’ solvency ratios dented by equity market turmoil
European insurers’ solvency ratios have fallen by low to mid-single digits since year-end 2024, according to Moody’s, with the impact…