Property
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September 11, 2023
Average annual nat cat losses hits $133bn, says Verisk
The average annual insured loss from natural disasters has reached a new high of $133bn, according to modelling experts Verisk,…
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September 11, 2023
Swiss Re expects reinsurance market hardening through 2024
Swiss Re expects the “disequilibrium” between supply and demand to persist in non-life reinsurance through 2024 and, along with still…
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September 11, 2023
US property rates up 18% but moderation in other lines
Rates are moderating and coverage is stabilising across most lines of commercial US insurance, with property a notable exception, says…
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September 8, 2023
Reinsurance property prices to increase further in 2025
Further price rises in reinsurance property lines are likely in 2024, together with tighter terms and conditions, though the increases…
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September 8, 2023
Most US commercial renewal rates up in August: Ivans
Commercial auto, business owners policy, general liability, commercial property and umbrella coverages saw month-over-month increases in average premium renewal rates…
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September 8, 2023
Aon to push for catastrophe reinsurance rate reductions at 1/1
Aon sees limited scope for price reductions at the January 2024 renewal, following an increase in reinsurer capacity and appetite…
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September 7, 2023
German insurance managers urged to act now to secure adequate property renewals
GVNW members have been advised to proactively review their ability to retain more property and BI risk because insurers will…
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September 7, 2023
Beazley reports record half year profit of $366.4m
Beazley reported record half-year profit at $366.4m, driven by growth in its North American property business and cyber in Europe.…
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September 6, 2023
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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September 5, 2023
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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September 4, 2023
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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September 1, 2023
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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August 30, 2023
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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August 30, 2023
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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August 29, 2023
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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August 25, 2023
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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August 25, 2023
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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August 24, 2023
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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August 24, 2023
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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August 23, 2023
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…