Property
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BI, cyber and nat cats top risk list for 2018 finds Allianz Barometer
Business interruption (BI), cyber and natural catastrophes are the leading business risks this year, according to more than 1,900 risk…
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Losses from storm Eleanor/Burglind up to €1.6bn: AIR
Insured losses from winter Storm Eleanor, also known as Storm Burglind, will range between €1.1bn and €1.6bn, according to estimates…
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Rate increases likely to be shortlived
Commercial insurance and reinsurance rates increased at the January renewal, but an influx of capital means price rises may not…
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Philippines government offers farmers payout over Typhoon Tembin
More than 20,000 Filipino farmers whose crops were destroyed by the recent Typhoon Tembin, also known as Typhoon Vinta in…
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Chubb strikes distribution agreement with DBS in Singapore
Global insurer Chubb has entered into an arrangement with Singapore-based bank DBS that will see its general insurance products distributed…
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New head for XL Catlin’s APAC energy, property and construction team
XL Catlin has appointed Todd Wilhelm as the regional product leader for its energy, property and construction division in Asia-Pacific.…
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US flood programme backed by new $1.46bn reinsurance package
A panel of 28 private reinsurers has supplied a new $1.46bn package of protection to the US National Flood Insurance…
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Storm Burglind hits insurers for €300m, say reports
Storm Burglind is estimated to have cost insurers €300m in losses from heavy rain and wind that struck Germany hard…
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Reinsurance price increases lower than feared at Jan renewals
For the first time in half a decade, reinsurance costs increased at the January renewals, but buyers will be pleased…
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Hurricane losses set new cat record in 2017: Munich Re
Heavy hurricane losses contributed to an annual insured loss record of $135bn in 2017, according to Munich Re. Its figures…
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HDI Global makes leadership changes in Australasia
Industrial lines insurer HDI Global has announced a number of executive changes in its Australasian business. The new appointments cover…
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Third highest year for global insured cat losses on record: Swiss Re
Global insured catastrophe losses will total $136bn in 2017, the third highest on record, according to estimates by Swiss Re.…
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High-rise UK fire building regs ‘not fit for purpose’ finds independent review
UK regulations to ensure fire safety in high-rise buildings are “not fit for purpose”, finds a damning independent interim report…
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Grenfell review to put fire resilience and safety under spotlight
Six months after the tragic Grenfell Tower disaster, an independent review of UK fire safety building regulations is due to…
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Cunningham Lindsey appoints director for Brazil growth
Loss adjuster Cunningham Lindsey has appointed Andre Lopes as director in a move to boost its Brazilian operations. Mr Lopes…
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AIR drops insured loss estimate for Hurricane Maria
AIR Worldwide has reduced its insured loss estimate for Hurricane Maria to between $27bn and $48bn, from its previous estimate…
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Losses from Cyclone Herwart estimated at €252m
European catastrophe insurance data company PERILS has estimated insured property losses for Cyclone Herwart, which mainly affected Austria and Germany…
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Californian wildfires add $280m to Chubb’s Q4 cat losses
Chubb estimates fourth-quarter catastrophe losses of $320m pre-tax and $249m after tax, with wildfires in California expected to account for…
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Nat cat bill of $38bn drives up US P&C underwriting losses
US P&C insurers saw underwriting losses jump to $20bn for the first nine months of this year as catastrophes took…
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Global and European commercial insurance rates fall again, but rises on way for cat hit risks: Marsh
Global commercial insurance rates fell for the 18th consecutive quarter in Q3 2017, including yet again in Europe, according to…