Property
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Toby Sawyer heads up AEGIS London property book
AEGIS London has promoted Toby Sawyer to head of property. Mr Sawyer has worked as deputy head of property since…
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Cat losses rocket in 2016, widen the protection gap
Catastrophe losses have risen sharply in the last year with Asia bearing most responsibility for the spike, and further underlining…
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Insured catastrophe losses total $49bn in 2016
Hurricane Matthew, earthquakes and storms increased insured catastrophe losses to $49bn in 2016 up from $37bn last year, according to…
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Africa adapting to climate change challenges
Less than a year after the World Bank unveiled and began supporting implementation of its ambitious Africa Climate Business Plan…
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Malawi government awaits ARC payout
The African Risk Capacity Insurance Company (ARC) is processing an insurance payout of approximately $8.1m to the government of Malawi…
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Is insuring loss of power in Africa viable?
Estimates suggest that of the 1.2 billion people in the world who do not have access to electricity, half live…
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Demand and supply grows for new ILS risk covers
Alternative capital players are looking to invest in new risks including flood and cyber after transforming the traditional reinsurance market…
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Hurricane Matthew largest loss since Sandy
Hurricane Matthew, which struck the Caribbean and parts of the US last month, is estimated to have cost insurers $5bn…
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Corporate round-up
Chubb unveils German P&C team, SCOR to open in India for April renewals, Allied World appoints head of claims, Markel…
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Mining sector rate declines to slow
Insurance premiums for the mining industry will continue to soften in 2017, particularly for property risks, according to Marsh's latest…
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Ethiopia unrest swells as country forced into state of emergency
A Turkish textile factory and mine owned by Aliko Dangote are reported to have been attacked in the past month,…
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HDI Global will maintain tough stance at renewal rather than risk reserves: Hinsch
German risk and insurance managers can expect another round of tough renewals with HDI Global at this year-end in certain…
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French firms continue to enjoy soft market but insurers becoming hyper selective: AMRAE
French companies still benefit from a soft insurance market and growing risk transfer options, but favourable coverages could become harder…
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Further softening likely in US P&C market despite growing pressure on insurers, says Guy Carp
Figures from Guy Carp suggest that there will be a further softening of the US commercial insurance market. This is…
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Infrastructure holds key to EAC oil production
Steve Mbogo looks at the oil and gas picture across east Africa.
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Protection gap movement to launch in Kenya
In many emerging markets insurance can play a vital role in supporting a fledging economy but, even in 2016, many…
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Corporate round-up
AGCS shakes up global property, engineering and risk consulting management, Allied World appoints Rob Kuchinski head of international property, Hyperion…
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Global and European insurance rates fall again but pace slows
Global commercial insurance rates continue to fall but the rate of decline is slowing, according to new figures from Marsh.…
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Corporate round-up
AIG extends D&O policies to cover Brexit risk, Liberty Specialty Markets names Kadidja Sinz as new head of Europe, Chubb…
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ABI calls for compulsory sprinklers at warehouses as payouts rise
The Association of British Insurers (ABI) this week called for sprinklers to be made a legal requirement in all new…
