Property
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Colorado State increases Hurricane season prediction to ‘well-above’ average
The Department of Atmospheric Science at Colorado State University has increased its forecast for this year’s Atlantic hurricane season to…
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TSR predicts above average hurricane season but less active than last two years
Tropical Storm Risk (TSR) is maintaining its forecast for an above-average Hurricane season but predicts it will be slightly less…
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Further rate rises persuade Moody’s to upgrade Dutch P&C sector
Ratings agency Moody’s has upgraded the outlook for the Dutch property and casualty (P&C) sector from negative to stable, as…
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US P&C industry reports modest rise in net income for first quarter
The US property and casualty (P&C) industry recorded increases in net underwriting income, net income and net earned premiums in…
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New head of North America commercial property at Beazley
Matthew Westhoff has been appointed head of North America commercial property at Beazley, a new role that brings together the…
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Recent derecho could be one of Canada’s costliest convective storms, says Aon
A derecho that travelled 621 miles across southern Canada, hitting major metro areas, could be one of the costliest insured…
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US brokers report further US rate rises but signs of easing
US rates continued to increase in the first quarter of 2022, with some signs of a slight easing, according to…
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Rate increases slow in Q1 but reductions remain ‘rare’, says Aon
Global market price increases continued to slow in the first quarter of 2022, with all regions recording “modest” rises of…
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Insurtech Yokahu partners with Caribbean brokers on parametric hurricane protection
Insurtech Yokahu has launched strategic partnerships with four insurance brokers based in the Caribbean. The insurtech uses parametric underwriting and…
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Danish seafood producer gets €24m insurance payout
Atlantic Sapphire, a Denmark-based acquaculture company, has received a DKK180m (€24.18m) insurance payout following a fire at its Danish salmon…
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Challenging German market conditions persist in key lines
The difficult state of the German industrial and commercial insurance market, particularly for cyber and D&O risks, has been confirmed…
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PERILS raises February’s European windstorm loss estimate to €3.61bn
PERILS has increased its insured loss estimate for three storms that hit continental Europe and the UK in February to…
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GDV confirms 2021 was costliest nat cat year ever for German insurers
The German Insurance Association (GDV) has confirmed that last year was the costliest nat cat year ever for German insurers,…
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Risk management and captives key for construction buyers seeking SPPI cover
Risk management and captives are increasingly crucial for construction firms wanting to access the extremely tough single-project professional indemnity (SPPI)…
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Saudi insurance sector saw premium growth but net loss in 2021
The Saudi insurance sector saw premium growth of 8.4% in 2021, with total gross written premiums (GWP) totalling SAR42.03bn (€10.75bn),…
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AGCS expects limited claims from Ukraine and off the hook for Russian aviation losses
Allianz Global Corporate & Specialty (AGCS) said it doesn’t expect a “major wave” of claims from the war in Ukraine,…
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New head of global property at Allianz Global Corporate & Specialty
Mike Martin has been appointed global head of property at Allianz Global Corporate & Specialty (AGCS), joining from AIG, as…
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MS Amlin Underwriting names head of open market property
Lloyd’s (re)insurer MS Amlin Underwriting has appointed Julie Ferguson as head of open market property. She will join MS Amlin…
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AXA XL’s insurance prices rise 10% as group faces ‘mid-sized’ cat loss from Ukraine
AXA XL’s insurance revenues were stable in the first quarter with price rises of 10% offset by a focus on…
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Cyber rates double but hardening slows in other areas: Beazley
Beazley’s gross written premiums rose 27% in Q1 to $1.23bn as overall renewal rates rose by 17% despite moderating in…