Property
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Debate continues over use of war exclusions for cyber claims
A number of coverage disputes, including the recent revelation that Merck is suing its property insurers over NotPetya losses, have…
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EPUL packages cover for unusual property risks
European Property Underwriting Ltd (EPUL) has launched a package of covers for UK property owner risks that fall outside the…
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ADB chief calls for more action on disaster risk reduction
The chief economist at the Asian Development Bank (ADB) has called on governments and the insurance industry to increase their…
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Cost of typhoon Jebi to hit $12bn
The latest estimates from reinsurers suggest that the cost to the insurance industry of Typhoon Jebi could rise to as…
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Brazil dam failure pushes up mining rates in 2019
The Córrego do Feijão dam failure in Brazil, which tragically claimed the lives of more than 300 people in January,…
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CCR Re issues first French sidecar and ILS vehicle
French reinsurer CCR Re has launched its country’s first insurance-linked securities (ILS) vehicle, in the form of a reinsurance sidecar.…
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Buyer associations vent frustration over ‘unacceptable’ cyber disputes
European insurance buyer associations are frustrated that several insurers have denied cyber claims for the 2017 NotPetya cyberattack, telling CRE…
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German risk managers say Lloyd’s needs to be on the ground in Europe
Lloyd’s faces a big challenge to convince European risk managers that its new Brussels base will help the market better…
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Hiscox says DLA Piper cyber dispute doesn’t involve war clause
Following media reports that law firm DLA Piper is in dispute with Hiscox over NotPetya losses, the insurer has told…
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Lloyd’s posts £1bn loss but rates up 3.2%
Lloyd’s made a loss of £1bn and delivered a combined ratio of 104.5% in 2018, on the back of another…
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Asian P&C rates to rise by 10% says WTW
Global broker Willis Towers Watson (WTW) has forecast that catastrophe loss-affected property and casualty (P&C) rates will rise by at…
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Storm Eberhard insured losses up to €1.5bn: AIR
Insured losses from winter Storm Eberhard will range between €900m and €1.5bn, with the majority coming in Germany, according to…
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Allianz names new head for Asia P&C business
Claudia Salem has been named by Allianz as the chief executive of its Asian property and casualty (P&C) business. Ms…
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Risk managers await changes to France’s nat cat insurance regime
French insurance buyers expect significant changes this year to their country’s nat cat insurance regime, with experts predicting a new…
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Insurance rates rise in all regions for first time since 2012: Marsh
Global average commercial insurance prices rose by 2% in Q4 2018, marking the fifth consecutive quarter of increases and the…
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QBE returns to profit in 2018 as rates rise 4.4% in Europe
QBE Insurance Group has turned around net losses of $1.25bn in 2017 to record a profit of $350m in 2018,…
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AXA XL makes €233m cat-hit loss in 2018 but revenues and rates rise
AXA XL made a loss of €233m last year as catastrophes took their toll, but revenues were up 10% –…
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Rise of the regulators – how changing regulation is impacting cost of risk
Changing regulation and new approaches by regulators are a challenge for risk managers, both in terms of keeping up with…
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JBA and IDF partner for Sri Lanka flood data provision
UK-based catastrophe modelling firm JBA Risk Management has teamed up with the Insurance Development Forum (IDF) to improve access to…
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Charles Taylor opens new Belgium office
Charles Taylor Adjusting (CTA) has opened a new office in Belgium to handle commercial claims and develop its P&C business…