Property
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Sompo International builds out Italian leadership team
Sompo International has made five new appointments to its leadership team in Italy. Brunello Bulciaghi joins from Aon and will…
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Geopolitics, cyber, nat cats and battle for talent big risks for Belgian firms
Geopolitics, cyber and natural catastrophes are among the biggest risks facing Belgian companies, agreed some of the country’s leading risk…
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Reinsurance buyers expect prices to continue to rise
Reinsurance prices are expected to continue to rise across all lines in 2024, reflecting ongoing claims inflation, particularly in property…
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Strong growth forecast for global commercial property insurance market
The global commercial property insurance market is forecast to reach $724bn by 2032, a compound annual growth rate (CAGR) of…
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Idalia forecast to hit Florida as Category 4 hurricane
Florida’s Gulf Coast is braced for the first major hurricane of the season, with Hurricane Idalia expected to make landfall…
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Cat bond market buoyant as demand and investment returns rise
Demand for alternative capacity, sharply higher reinsurance rates and robust returns for capital providers helped drive first-half 2023 new issuance…
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Privately insured US Hilary losses estimated at $600m
Karen Clark & Co (KCC) said privately insured losses from Hurricane Hilary will be close to $600m in the US.…
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Reinsurers to back more cat risk: S&P
Top global reinsurers are ready to take on more natural catastrophe risk as price increases over the past few years…
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New head of property and energy insurance for continental Europe at Sompo International
Angela Weiss has been appointed head of property & energy insurance for continental Europe at Sompo International, effective 1 September.…
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Pool Re treaty move could see terror reintegrated into property covers
UK companies are set to benefit from changes to Pool Re’s reinsurance scheme, which could see terrorism cover re-integrated back…
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Bloomberg Intelligence predicts third straight year of $100bn nat cat insured losses
A new report from Bloomberg Intelligence says that nat cat insured losses are on course to top $100bn for the…
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Hawaii wildfire insured losses could top $4.5bn: Moody’s
Moody’s RMS said insured losses from the wildfires on 8-10 August in Hawaii could exceed $4.5bn. The loss estimate reflects…
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PERILS increases Italy flood losses to €488m
Insured loss estimates from floods in Italy’s Emilia-Romagna region in May have been revised upwards to €488m, according to PERILS,…
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Cat bond issuance soars in H1: Swiss Re
New issuance of catastrophe bonds during the first half of 2023 set records for both the amount placed, at $9.85bn,…
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Aon warns liability market could tighten in face of nat cat risk
Natural catastrophe risk proved to be “monumental” in the first half of 2023, according to an Aon report, which warns…
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US commercial P&C rate increases continue but cyber slows
The second quarter of 2023 has continued to see premium increases in the US commercial P&C market, according to the…
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KCC estimates Hawaii wildfire losses at $3.2bn
Insured property losses from the Lahaina fire on Hawaii’s Maui island could total $3.2bn, according to an estimate from KCC.…
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Insured wildfire losses in Hawaii at least $1bn, says RMS
Insured losses from the wildfires that hit Maui and the Big Island of Hawaii last week will likely reach at…
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Forecasters now expect above-normal Atlantic hurricane season
There is a new consensus on the current hurricane season, with forecasters now predicting an ‘above-normal’ season bringing more hurricanes…
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Hiscox sees rates rise 9% in London and expects property to continue hardening
Hiscox said the rating environment has been “favourable” across all of its businesses in the first half, with London Market…