Property
-
Fenchurch Law appoints new associate
UK firm Fenchurch Law, which specialises in complex insurance disputes and works solely for insureds, has appointed Alex Rosenfield as…
-
Swiss Re launches parametric insurance for Taiwan aquaculture
Global reinsurer Swiss Re has partnered with local specialist insurer Taiwan Fire & Marine Insurance to launch what it claims…
-
April weather losses set US on track for $10bn-plus bill in 2017: Impact Forecasting
US natural catastrophes notched another multibillion-dollar bill for insurers last month, according to the latest figures from Aon Benfield’s Impact…
-
Zurich to take further action on commercial business
Zurich Insurance plans further actions to improve the performance of its commercial book, after reporting underwriting losses in Europe and…
-
US commercial property/casualty rates still falling in 2017
Commercial property/casualty rates in the US have continued to decline in the first quarter of 2017, although there are signs…
-
Zurich’s Q1 income falls on Ogden charges
Zurich Insurance has reported a 31% fall in net income to $607m in the first quarter, reflecting a $289m charge…
-
Verisk launches new all-in-one UK property risk tool to boost transfer options
Verisk Analytics has launched a new property data and analytics tool to help the UK insurance market underwrite commercial risks.…
-
Philippine non-life market must focus on profit not volume: AM Best
The Philippine non-life market has enjoyed solid premium growth in recent years and continues to grow at a faster rate…
-
Cat losses send US P&C insurers’ underwriting into the red
US property and casualty insurers recorded a $4.7bn underwriting loss last year, turning a 2015 profit of $8.9bn on its…
-
Nat cat data firm estimates Cyclone Debbie loss at $820m
A Zurich-based catastrophe insurance data provider, Perils, has estimated the total insured property losses from Cyclone Debbie at more than…
-
Cyber exposures higher than property with mismatch in insurance protection: Survey
Companies spend four times more insuring property than cyber risks, despite the fact they now value cyber assets above those…
-
Alternus brings alternative capital to primary market
The Schinnerer Group has brought the first dedicated commercial insurance solution backed by alternative capital to market for retail clients…
-
Insured losses from Cyclone Debbie to top $1.3bn: Swiss Re
Total insured losses resulting from cyclone Debbie are estimated to cost at least $1.3bn due to a significant number of…
-
Storm Zeus estimated €192m insured loss
Insured property losses from storm Zeus, which affected parts of France last month, are estimated at €192m, according to Zurich-based…
-
No end in sight for soft market: Greenberg
Evan Greenberg believes there is no end in sight to the current soft global P&C insurance market conditions, but noted…
-
US catastrophes exceed $2bn loss in March
Natural catastrophe events in the US last month are expected to cost insurers more than $2bn, according to Aon Benfield’s…
-
Storm Thomas losses to top €200m: PERILS
PERILS estimates losses of €213m from the extra-tropical cyclone Thomas, also known as storm Doris, which affected parts of the…
-
Lloyd’s opens in India as results suggest tough renewals ahead for risk managers
Lloyd’s has officially opened its India branch and welcomed MS Amlin as its first underwriting syndicate. The ceremony, which took…
-
Japan’s commercial quake insurance gap unlikely to narrow in short term: Fitch
Japanese corporates continue to be significantly underinsured for commercial earthquake risk, despite the large economic losses incurred in the March…
-
Lloyd’s continues expansion but must watch combined ratios and reserves
If the Lloyd’s insurance market is a decent yardstick for the state of the international commercial and specialty insurance and…