Property
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Chinese online insurer ZhongAn plans $1bn IPO in HK
China’s first online-only insurer, ZhongAn Online Property and Casualty, has been given the green light to launch an Initial public…
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RMS: Hurricane Harvey to cost insurers up to $40bn
Hurricane Harvey’s insured loss estimates have risen to between $25bn and $35bn and could be as high as $40bn, according…
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Irma and Harvey to hit insurance industry’s earnings but unlikely to shift global market conditions, say experts
Insured US loss estimates from Hurricane Irma have fallen as the storm headed west and reduced to a category 1…
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No rate increases for German buyers, says Mahnke
Increased capacity within industrial insurance from new carriers means German companies will continue to enjoy current market conditions and not…
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Reinsurance market to soften further despite Harvey and tough underlying conditions
Ratings agencies do not expect soft global reinsurance market conditions to harden because of Hurricane Harvey or continued weak underlying…
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The customer is king
The decision by Allianz Global Corporate & Specialty (AGCS) to focus board member Andreas Berger on its core German and…
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Marsh unveils new global management structure and divisions
Marsh has announced a new global management structure that includes newly-formed Global Placement & Specialties and Global Risk & Digital…
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Insured losses from Hurricane Harvey to top $10bn: AIR Worldwide
Insured losses estimates from Hurricane Harvey – including wind, flood and storm surge damage –have risen and are now expected…
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Hurricane Irma puts reinsurers in firing line, says S&P
As the annual renewal kicks off in Monte Carlo next week, reinsurers face potential losses from another powerful hurricane, in…
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Alternative capital continues to rise but must align with new risks for future growth
Alternative capital continues to flow into the reinsurance market, but without innovation it will be hard to deploy, according to…
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South Asian flood disaster exposes the protection gap
The worst floods in South Asia in a decade have claimed more than 1,400 lives and left many more homeless…
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Free online course launched to develop understanding of nat cat risk
A free, online course has been launched to help interested parties, including risk managers, better understand natural catastrophe risk and…
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Typhoons to cost Hong Kong insurers more than $130m
Typhoons Hato and Pakhar, which caused widespread damage in Hong Kong, Macau and the Chinese province of Guangdong, have landed…
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Falling premium rates and competition to hit Lloyd’s, says Moody’s
Growing competition combined with tepid economic conditions and a likely reduction in reserve releases will put pressure on premium rates,…
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NFIP claims from Hurricane Harvey will rival Superstorm Sandy: RMS
The US National Flood Insurance Program (NFIP) could be facing gross losses of between $7bn and $10bn from Hurricane Harvey,…
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Hurricane Harvey not expected to be capital event for commercial insurers
Losses from Hurricane Harvey will impact the earnings of insurers covering risks in Texas but is not expected to prove…
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Fast-acting parametric insurance for ‘quakes and windstorms launched
Zurich-based CelsiusPro has launched a parametric natural catastrophe insurance product for earthquakes and tropical cyclones, which provides emergency cash within…
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Harvey continues to cause havoc as business disruption grows
Hurricane Harvey, now a tropical storm, continues to bring extensive disruption to industry and infrastructure in Texas and Louisiana, after…
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Hurricane Harvey hangs on to cause more flooding as loss estimates rise
Loss estimates from Hurricane Harvey are on the rise as rain and major flooding continues to worsen in Texas, where…
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Aon launches flood limits replacement cover for Hurricane Harvey-hit clients
Aon is offering its clients a way to reinstate flood limits on property policies that may be exhausted by flooding…