Property
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March 29, 2023
Parametrics gain ground in hard market as claims records grow
Parametric insurance is gaining some traction as traditional insurance prices continue to harden and companies operating in the sector build…
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March 29, 2023
Chile’s $350m cat bond is first listed in Hong Kong
The World Bank has listed a $350m catastrophe bond on Hong Kong Exchanges and Clearing (HKEX) that provides the government…
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March 28, 2023
Allianz’s war risk exclusion ruling win ‘an anomaly’, says legal expert
A recent judgment in favour of insurer Allianz’s application of a war exclusion clause when a UK university claimed for…
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March 23, 2023
Singapore insurance market expands GWP by 15% in 2022
Singapore's general insurance sector recorded positive results for both the offshore and domestic segments, with a combined 15% increase in…
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March 23, 2023
Commercial insurance price hikes to continue in most lines, says US broker
Commercial insurance rates in the US will continue to rise mainly in the single and low double digits across major…
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March 23, 2023
Ballantyne Brokers in management buy-out from K2 Insurance Services
Specialist London-based Ballantyne Brokers has seen a management buyout from its parent company K2 Insurance Services. The buyout was led…
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March 22, 2023
Higher primary insurance rates likely as inflation persists: Swiss Re
Inflation may be easing, but claims severity in P&C insurance is set to remain and higher primary insurance rates are…
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March 22, 2023
UK nat cat insured losses up to $800m in 2022, says Swiss Re
Insured nat cat losses in the UK stood at $800m last year, up from $700m in 2021, with economic losses…
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March 20, 2023
Commercial property carriers suffer most US credit rating downgrades from AM Best
Commercial property insurers accounted for more than half of AM Best’s credit rating downgrades at US commercial carriers last year.…
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March 17, 2023
New Zealand flood loss pegged at £850m: Perils
Insured losses from floods that struck New Zealand’s North Island earlier this year will reach NZD 1.65bn (£850m), according to…
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March 16, 2023
US commercial property sees largest rate hike: Ivans
Commercial insurance rates rose for most lines in the US last month but the pace of increases slowed for commercial…
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March 15, 2023
Different approaches needed to manage future nat cat risks, says Moody’s RMS
The magnitude and frequency of secondary perils such as floods, wildfires and severe convective storms have highlighted the rapidly changing…
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March 15, 2023
US commercial insurance prices increased 4.8% in fourth quarter of 2022
US commercial insurance prices continued to increase in the fourth quarter of 2022, albeit at a marginally lower rate on…
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March 3, 2023
European insurer CFO’s confident rate hikes will pay for inflation-driven claims
High inflation ranked as the top concern for 73% of chief financial officers (CFOs) at 22 major insurers in Europe,…
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March 3, 2023
Direct physical damage from Turkiye quake estimated at $34.2bn
The two very large earthquakes on 6 February caused an estimated $34.2bn in direct physical damages in Turkiye, the equivalent…
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March 2, 2023
Beazley profit down 48% to $191m after investment losses
Specialty (re)insurer Beazley recorded a 48% drop in pre-tax profit to $191m for full-year 2022 after its investment result reversed…
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February 28, 2023
Ariel Re issues cat bond with carbon offset feature
Bermuda-based reinsurer Ariel Re has completed the catastrophe bond Titania Re III, with an option to buy carbon offset options…
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February 24, 2023
Marsh calls for urgent overhaul of ‘failing’ flood risk management
Flood risk management programmes are inadequate for the current threat and have largely failed societies, according to research from Marsh…
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February 23, 2023
Insurance market ‘like a roller coaster’ says Amwins
The insurance market is seeing some strong underwriting results from carriers, leading to softening in some market segments, but at…
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February 23, 2023
New Zealand insurers’ profits dented by Cyclone Gabrielle, floods and earthquake
Cyclone Gabrielle is the most significant weather event to hit New Zealand this century, with economic losses estimated to exceed…