Property
-
Corporate travel insurance premiums increase by up to 300% in Australia
Australian broker Honan has warned that corporate travel insurance premiums are increasing by up to 300% as insurers seek to…
-
Slower growth forecast for Taiwan’s general insurance industry
The general insurance industry in Taiwan is expected to register slower growth of 3.5% in 2022, after registering double-digit growth…
-
Recent French storms raise insurance bill to €3.9bn
Severe weather events in France since May are likely to cost insurers €3.9bn for about one million claims, according to…
-
Commercial property insurance rates rise again for US risks
US commercial property insurance rates increased again at mid-year renewals, albeit at a more moderate pace, and the overall cost…
-
Inflation to drive ‘difficult conversations’ at renewals, warn brokers
Insurance buyers face the prospect of higher premiums and “difficult conversations” at renewals as insurers turn their attention to inflation,…
-
Inflation and slow GDP growth pressuring Mexican insurance industry, says Best
Mexico’s insurance market is expected to remain pressured by the challenging economic environment, according to AM Best. As a result…
-
Average clauses and Insurance Act could push risk of underinsurance back onto insureds
Insurers may shift the risk of inflation back onto policyholders through underinsurance and average clauses, or by using the Insurance…
-
Commercial US P&C rates rise in second quarter
Average US commercial property and casualty rates rose 5.9% in the second quarter, according to MarketScout Corp. As first reported…
-
Inflation set to see property premiums rise again
While US property rates have been moderating slowly after several years of substantial hikes, policyholders face premium increases of up…
-
Howden acquires New Zealand broker Wallace McLean
Howden has acquired Wallace McLean, a New Zealand broker based in Auckland. Howden said the move “further strengthens its local…
-
New leadership roles in Everest Insurance’s US and global property division
Everest Insurance has announced three new key leadership roles in its US and global property division, as well as the…
-
German broker MRH Trowe boosts footprint with three buys
German commercial lines broker MRH Trowe has acquired two local brokers, WRV and Lech Assekuranz, and taken a controlling stake…
-
Cat bond issuance strong in first half: Moody’s
Catastrophe bond issuance remained buoyant in the first half of this year with $7.7bn in new issuance following a record…
-
Reinsurance market moving towards ‘true hard’ territory as buyers struggle at mid-year renewals: Aon
Reinsurance buyers faced a near-perfect storm during June and July property renewals as capacity constraints collided with rising demand for…
-
Macroeconomic volatility causes reinsurance hardening to accelerate
Reinsurance cost continued to rise at the June and July renewals as the market pulled back from catastrophe exposures amid…
-
German insurers resilient in face of catastrophic losses: Fitch
The German non-life insurance sector is showing resilience in the face of costly natural catastrophe events, such as storm Bernd…
-
Beazley offers more capacity to risk managers that meet Marsh’s ESG Risk Rating
Beazley is going to grant more capacity through its Lloyd’s of London Syndicate 4321 to companies that perform well on…
-
Zurich report finds risk management shortfalls exacerbated storm Bernd
Simply blaming the catastrophic impact of severe weather event Bernd that caused devastating flooding and damage of up to €50bn…
-
French insurers report €1.26bn in claims from recent storms
French insurers have incurred some €1.26bn in claims from bad weather at the start of June and in late May,…
-
Everest Insurance expands into Asia with Singapore office
Everest Insurance has entered the Asian market with the opening of an office in Singapore. Everest, the insurance division of…