Property
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KCC estimates $5.4bn loss from US winter storm Elliott
Insured losses from US winter storm Elliott are set to reach $5.4bn, with more than half of the figure expected…
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US insurers trying to keep rates in line with loss costs, says Gallagher
The US commercial market will be much like last year with the exception of property, according to Gallagher. US carriers…
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Previsico and Geosite partner to enable US insurers’ clients to prevent flood impacts
Live flood alert insurtech Previsico has partnered with geospatial data provider Geosite to provide alerts to Geosite’s US carrier clients.…
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Beazley predicts 15% property rate hikes next year and 50% for reinsurance
Beazley expects direct property insurance rates to increase 15% next year and 50% for reinsurance cover, and said it is…
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US P&C market more competitive than in recent years, says Lockton
Conditions across many major lines in the US, including D&O liability, cyber and umbrella/excess liability are better for buyers and…
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New head of underwriting at Markel International
Markel International has named Andrew Green as head of underwriting risk, with Emma Higgins taking over from Green as head…
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US commercial rate increases accelerate slightly
The rate of US commercial insurance premium increases ticked up in most lines during November, according to Ivans. Commercial property…
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Stable pricing in Asia-Pacific and the Americas with focus on risk quality, says Aon
Pricing stabilised for most lines in Asia-Pacific, North America and Latin America in the third quarter of 2022, despite bigger…
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Berkshire Hathaway Specialty Insurance appoints head of North America property
Cathy Miller has been promoted to head of North America property by Berkshire Hathaway Specialty Insurance (BHSI). She will oversee…
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Two-tier market in play despite more stability for many buyers: Aon
The global commercial insurance market stabilised in most regions during Q3, with average rate increases between 1% and 10%, according…
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GDV wants focus on climate adaption as German government stalls compulsory cover debate
The German government has postponed a decision on whether to introduce compulsory insurance as part of a wider package to…
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Hurricane Ian to add to hard market pressure, says Swiss Re
Hurricane Ian will add pressure to an already hardening (re)insurance market, according to Swiss Re. It said that as higher…
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Autumn Australia flood losses pegged at A$791m: PERILS
Insured losses from flooding in southeast Australia in October could cost A$791m ($531m), according to an initial estimate from catastrophe…
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Eiopa publishes dashboard to help tackle nat cat protection gap
The European Insurance and Occupational Pensions Authority (Eiopa) has released a dashboard that depicts the insurance protection gap for natural…
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US market shows ‘demonstrable improvement’ going into 2023: WTW
A brighter picture for risk and insurance managers in the US has appeared in the second half of 2022, according…
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New capacity for $500m plus property and energy risks from Connect Underwriting
New capacity is available for $500m+ property and energy risks from Connect Underwriting via Pixel Re, a newly launched, dedicated…
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Reask boosts nat cat parametric offering as Schmid joins from Munich Re
Modelling firm Reask has appointed former Munich Re man David Schmid as head of parametrics to help boost solutions across…
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US P&C industry net underwriting loss quadrupled for first nine months of 2022
The US P&C industry nearly quadrupled its net underwriting loss in the first nine months of 2022, compared to the…
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Munich Re says 2022 hurricane season third-most expensive
Losses from hurricane Ian have made the 2022 north Atlantic hurricane season the third-most expensive ever, with insured losses of…
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Howden study finds ESG performance should be rewarded in underwriting
A new study by Howden and Fidelis has found a correlation between ESG ratings and lower loss ratios, adding pressure…