Property
-
HDI Global takes 100% share of specialty arm to focus on growth
HDI Global has taken 100% control of fast-growing HDI Global Specialty through the purchase of sister company Hannover Re’s 49.8%…
-
Zurich warns of extended hard market following cats
Europe’s risk managers have been warned that the recent string of natural catastrophes suffered by leading insurers will extend the…
-
Corporates face new risks from increased floods: AGCS
Companies are facing new risks as the flood risk landscape shifts, according to Allianz Global Corporate & Specialty (AGCS), which…
-
Global premiums could reach $10trn by 2030 as risk landscape evolves
Global insurance premiums could reach $10trn by 2030, according to management consulting firm Bain & Company’s new report, Insurance 2030:…
-
Generali reports ‘resilient’ P&C market conditions
Generali has reported a solid first nine months in both its P&C and life businesses despite the hefty impact of…
-
AGCS helps drive ‘strongest ever’ group third quarter
Allianz Global Corporate & Specialty (AGCS) has helped Allianz Group report a healthy set of third-quarter and nine-month results, bettering…
-
New global property underwriting officer at Berkshire Hathaway Specialty Insurance
Berkshire Hathaway Specialty Insurance (BHSI) has appointed Carlos Beltran as senior vice-president, global property underwriting officer. He will be relocating…
-
Munich Re calls for ‘immediate action’ on climate change
Munich Re has posted an improved third-quarter profit of €366m, compared with €199m for the third quarter of last year,…
-
German floods hit Berkshire results but BHSI continues growth path
Berkshire Hathaway reported a chunky underwriting loss in the third quarter, mainly incurred by its reinsurance businesses and driven by…
-
Flood resilience should be prioritised, warns Flood Re CEO
Flood resilience is not being prioritised, according to the head of UK risk pool Flood Re, speaking at a COP26…
-
Price increases and exposure growth drive Liberty Mutual profit hike
Liberty Mutual has reported net income of $721m and $2.346bn for the three and nine months ended 30 September 2021.…
-
Hannover Re on track for full-year target despite ‘significant’ Q3 cat losses
Hannover Re saw profits fall in P&C business and at group level during the third quarter on the back of…
-
Asia commercial insurance prices increased 6% in third quarter, says Marsh
Commercial insurance prices in Asia increased 6% in the third quarter of 2021, according to Marsh’s Global Insurance Market Index.…
-
US rate increases slowing in fourth quarter but rate and capacity challenges continue
The fourth quarter of 2021 shows signs of limited relief as US rate increases appear to be slowing down for…
-
Greenberg expects hardening to continue despite moderation
Chubb recorded 15% rate increases in international commercial retail business and 12% in North American commercial lines during the last…
-
US commercial pricing continues to harden, according to IVANS Index
Premium renewal rates continued to increase year over year in the third quarter of 2021 for all major US commercial…
-
European buyers faced moderating rises in Q3 as market looks to have peaked, says Marsh
Price increases for commercial insurance in continental Europe and the UK moderated during the last quarter, finds Marsh’s Global Insurance…
-
Property market on cusp of ‘big change’ from data revolution, says AXA XL’s Richème
Property underwriting is on the cusp of “big change” on the back of improved data but will remain hard for…
-
Marsh says no sign of softening as index shows 15% Q3 rate rise
Marsh said there is little sign of the hard market ending anytime soon, as its Global Insurance Market index reveals…
-
FM Global appoints new head of EMEA
FM Global has named the head of its EMEA division Philip Johnson as the company’s first chief learning officer and…