Property
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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…
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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…
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Lancashire faces $225m of large losses in Q3
Lancashire Holdings expects large losses to reach up to $225m in the third quarter on the back of nat cats…
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BHSI unveils new global network across 170 countries
Berkshire Hathaway Specialty Insurance (BHSI) has expanded its global network to encompass owned offices and network partners, allowing the insurer…
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Silent cyber risks continue to trouble insurers
Silent cyber exposures, where cyber coverage is neither explicitly provided nor excluded in insurance policies, remains an issue for the…
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July floods “most expensive” disaster ever for Luxembourg insurers
The July flooding that ravaged parts of Europe has been declared the “most expensive disaster in the history of Luxembourg…
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Axis estimates Q3 cat losses at about $250m
Axis Capital will post a third-quarter pre-tax net loss for catastrophes and other weather-related events of approximately $250m. Bermuda-based Axis…
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US property insurers not pricing correctly as they face $12.5bn cyber accumulation risk
Cyber risk accumulation in the US property insurance market could trigger a one-in-100-year event costing $12.5bn, according to a study…
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Benelux security ministers to deepen cooperation on crisis management
National security ministers from the Netherlands, Belgian and Luxembourg met this week to try and foster deeper cooperation on crisis…
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Industrial property, energy and space insurance well positioned in hard market, says Helvetia
The current hard market and changing risk landscape are likely to be good for business for certain specialty lines, according…
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Howden acquires Norwegian broker
UK-based broker Howden has expanded its presence in the Nordics market with the acquisition of Oslo-based retail broker Aneco Forsikringsmegling.…
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Arch Capital estimates Q3 cat losses of up to $345m
Arch Capital Group said claims from Hurricane Ida and flooding in Europe have driven its Q3 catastrophe losses to between…
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Howden buys Sarton & Associés in Belgium as rapid European expansion continues
Fast-expanding London-based broker Howden has acquired Belgian firm Sarton & Associés, which becomes Howden Belgium’s first acquisition since its launch…
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US nat cats set new record for events over $1bn: NOAA
The US recorded 18 billion-dollar weather events in the first nine months of 2021, which is “unprecedented” according to the…
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Besso launches property team with hires from Tysers
Lloyd’s broker Besso has created a new property and speciality team headed by a duo hired from Tysers. Besso said…
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Swiss Re Corporate Solutions wants to expand UK corporate business
Swiss Re Corporate Solutions has told CRE it is looking to grow its book of business, with the UK market…
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Hurricane Ida to cost Swiss Re $750m
Swiss Re has estimated losses from Hurricane Ida of $750m, adding that the wider market loss from the August Category…
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Political risks rise up the risk list after South African riots
Political risks and violence are now ranked as a number five business risk in South Africa, as a new entrant…
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FM Global offers policyholders $600m in premium credits
FM Global will issue $600m in membership credits to eligible policyholders that renew next year. As first reported in our…