Property
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Corporate round-up
Alliant buys QBE's US agency business for $300m, ACE delivers new mid-market offering for continental Europe, QBE appoint Mark Platten…
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Abundant capacity drives further fall in global insurance rates finds Marsh
Global insurance rates fell for the fifth consecutive quarter with property rates down by an average of 4.6% in Q2…
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Corporate round-up
FM Global appoints Lawson as president and Hall as COO, Beazley expands open market property underwriting team, Banco Pactual to…
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Munich Re launches property construction cover for unforeseen costs
Munich Re has launched a property cover that kicks in without a preceding damage loss aimed at protecting construction firms…
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New platform launched to help risk managers gather data on global property and BI exposures
A new tool to help risk managers get a better grip on their global property and supply chain risks and…
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FM Global clients to receive biggest ever $465m premium credit/reduction
Clients of commercial property insurer FM Global will collectively receive an estimated $465m in premium reductions when they renew their…
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Here to stay – Claudia Hasse, Munich Re’s Corporate Insurance Partner
Corporate Insurance Partner (CIP), the business formed by Munich Re for the large corporate risk sector, had a ‘pretty good’…
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Swiss Re and GEM announces project to improve seismic risk management capabilities in Latin America
The Swiss Re Foundation and the Global Earthquake Model (GEM) Foundation have announced a three-year collaborative project to create what…
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Corporate round-up
Beazley strengthens marine team, Towers Watson makes crisis management broking appointments and ACE appoints Gordon Knox as Casualty Manager, Scotland.
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Fitch claims risk pool is most likely solution to UK flood insurance crisis
As the UK counted the cost of further substantial flooding this week, Fitch Ratings, the credit rating agency, stated that…
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Property and BI rates stable but likely to increase finds Airmic survey
The cost of property and business interruption (PDBI) cover for UK companies has been stable over the last 12 months…
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Risk managers in mature markets increasingly focused on liability risk transfer
Risk managers in mature markets are increasingly focused on transferring commercial liability risks with take up of cover on the…
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Universal UK flood cover in doubt as government cuts threaten Statement of Principles
With the insurance industry facing over £1bn in flood claims following the worst September storms in the UK for 30…
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It takes two to tango-Claudia Hasse
CRE Editor Adrian Ladbury discussed strategy and business development with Munich Re’s Corporate Insurance Partner Chief Underwriting Officer, Property, Claudia…
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Chartis goes global with $1.5bn property per risk capacity
Chartis has increased its commercial property per-risk capacity to $1.5bn on a worldwide basis as part of its broader effort…
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Big capital increase for cat exposures at UK insurers under RMS 11 and SII
UK mono-line property insurers may have to deal with up to 97% increases in capital requirements for catastrophe exposures because…
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German buyers and brokers unhappy with claims handling delays
German corporates and brokers are unhappy with the way the insurance industry is handling their property claims, especially when it…
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Heavy UK flooding must prompt mitigation rethink—FM Global
With provisional figures from the UK’s Met Office suggesting the country endured its wettest April since records began, FM Global…
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Global property rates continue to rise in Q1
Buyers of global property insurance saw rates continue to harden in the first quarter of 2012 driven by the record…
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Reinsurers fail to impose big rate increases as capital levels hold up
Reinsurance buyers enjoyed a relatively calm year-end renewal according to initial reports with significant increase in prices and tighter coverage…
