Property
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New digital partnership aims to help insureds reduce property exposure and claims
Risk Solved and Hitachi Vantara are collaborating to deliver a predictive digital solution that can help insureds reduce property exposures…
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Hard market ‘persists’ but rates rises continue to slow: Marsh
The global insurance market hardened again in the first quarter with average rate increases of 11% but the size of…
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Rate increases set to moderate but market wary of uncertainty
Buyers should expect a moderation in rate increases for many lines of business at upcoming renewal but the cyber liability…
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Insured nat cat losses reach $14bn in Q1, says Aon
Estimated economic losses from natural hazards totalled $32bn during the first quarter, with $14bn insured, according to preliminary estimates from…
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Risk manager concerns, the hard market, and Rims’ support role
Global Risk Manager spoke to Rims president Patrick Sterling about US risk managers’ major concerns, the state of the commercial…
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Active Atlantic hurricane season predicted for 2022
After Hurricane Ida last year contributed to a 23% increase in nat cat insured losses for 2021 (to $111bn), the…
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WTW report highlights two-tier market for North American buyers
The good news is that the insurance industry is in a better position than ever, with policyholder surplus surpassing $1trn…
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Net income doubled in 2021 for publicly-traded US P&C insurers
Publicly-traded US property and casualty (P&C) insurers saw their net income more than double in 2021 to $133.9bn, according to…
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Big rise in Australian insurer’s profits last year
Australian insurers have seen a huge rise in profits in 2021, as a result of premium growth, rate increases and…
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Hard market conditions slowing down in the US, says Amwins
Specialty broker Amwins expects to see more of a slowdown of the hard market conditions in the US than has…
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Cat bond momentum has carried over into 2022
Catastrophe bond market momentum continued during the first quarter after last year’s record new issuance As first reported in our…
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US P&C insurers see digitalisation as main challenge in revamping distribution
US property and casualty (P&C) insurers see investment in technology and digitalisation as the biggest challenges in modernising distribution and…
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New head of international property at WTW
WTW has appointed Ed Day as head of international property. He will be responsible for risk solution development on behalf…
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US commercial prices continue to increase in first quarter
US commercial insurance rates continue to rise as the composite rate increase for the first quarter of 2022 was 6%,…
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Marketplace stabilisation for US real estate and hospitality sector, says Gallagher
Insureds in the US real estate and hospitality sector can rest easier following four years of rising rates, according to…
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LA Lakers can proceed with Covid property case against Chubb unit
A US federal district court has ruled that the Los Angeles Lakers can proceed with Covid-19-related property damage and bad…
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February windstorm losses of €3.3bn largest in Europe since 2007, says PERILS
A series of windstorms in Europe last month, which affected the UK and parts of western Europe, are estimated to…
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Four new underwriting divisions created in Beazley restructure
Beazley has created four underwriting divisions as it updates its underwriting team structure. The insurer said the move was designed…
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MGU/Lloyd’s syndicate Carbon Underwriting appoints property underwriter
Specialist managing general underwriter (MGU) and Lloyd’s syndicate Carbon Underwriting Limited has appointed Claire Turner as a property underwriter. In…
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Verisk estimates Japanese earthquake losses at between $2bn and $4bn
Verisk estimates that insured losses from last week’s earthquake in Japan will be between $2bn and $4bn, with commercial losses…