Property
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November 22, 2023
Mandatory risk prevention measures needed to close German insurance gap
The German Insurance Association (GDV) has repeated its call for mandatory loss prevention and risk mitigation measures to be introduced…
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November 21, 2023
French minister urges insurers to speed up claims following €1.3bn storms
French insurers are coming under pressure to respond more proactively and quickly to the needs of citizens, farmers and businesses…
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November 21, 2023
Asia sees modest price increases amid growing demand for ART
Demand for alternative risk transfer solutions has increased in Asia according to Aon, which said it has seen a growing…
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November 20, 2023
Global insurance market moderates further in Q3 as insurers go for growth: Aon
The global commercial insurance market moderated further in Q3, with prices still rising a touch in most regions, but buyers…
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November 15, 2023
US mid-market companies unprepared for flood risk, warns Chubb
US mid-market companies are significantly unaware of and unprepared for the risks their businesses face from flooding, according to a…
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November 13, 2023
Storm Ciarán to cost insurers up to €1.5bn: Moody’s RMS
Insured losses from storm Ciarán, also known as Emir, will fall between €900m and €1.5bn, according to Moody’s RMS. Damage…
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November 9, 2023
Zurich reports 9% premium growth driven by rates
Zurich Insurance Group has reported property/casualty insurance revenue up 9% for the first nine months of 2023, driven by strong…
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November 9, 2023
Nat cat, US liability and construction set for tough renewal
The insurance market is looking much more stable for European buyers at year-end renewals but there remain some difficult areas…
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November 9, 2023
Insured losses from Europe’s storm Ciarán up to €1.3bn: Verisk
European storm Ciarán is estimated to have caused insured losses of between €800m and €1.3bn, according to initial estimates from…
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November 8, 2023
US insurance rate hikes accelerate in most lines
US insurance premium renewal rates climbed in October in five out of six lines of coverage tracked by Ivans Insurance…
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November 7, 2023
Property drives Beazley’s nine-month growth
Lloyd’s insurer Beazley has reported strong growth in property premiums in the first nine months, offsetting slower growth in cyber…
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November 6, 2023
Verlingue rebrands London market unit for growth
Lloyd’s and London market broker NBJ London Markets has been rebranded as Verlingue London Markets as it also takes on…
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November 3, 2023
Hurricane Otis losses to further harden reinsurance market, says Best
Insured losses from Hurricane Otis in Mexico, which could range between $1.8bn to as much as $6.5bn, are likely to…
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November 2, 2023
Double-digit property rate rises in US continue but cyber pricing falls
Property pricing in the US continues to see double-digit increases, but has moderated in the third quarter of 2023, according…
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November 1, 2023
AXA XL rolls out water risk exposure tool in Europe
AXA XL Risk Consulting has launched a water risk tool for risk managers to understand their exposure to flooding, water…
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November 1, 2023
Cyber rates stabilise in Europe, but casualty pricing up in third quarter
Cyber insurance pricing in Europe continues to stabilise in the third quarter but casualty pricing is steadily increasing, according to…
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October 27, 2023
Hurricane Otis insured wind loss pegged at $10bn to $15bn
CoreLogic estimates that insurable, ground-up losses from wind damage from Hurricane Otis in Mexico will be between $10bn and $15bn.…
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October 25, 2023
Chubb’s Q3 net income jumps 158% to deliver ‘record’ nine-month numbers
Chubb said it had “another outstanding quarter” in Q3, off the back of an 84% rise in P&C underwriting income…
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October 25, 2023
HDI Global launches branch office in Portugal
German industrial insurer HDI Global said it will open a new branch office in Portugal as part of growth plans…
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October 25, 2023
Eiopa stresses need for coordinated response to nat cat threat
Petra Hielkema, chairperson of the European Insurance and Occupational Pensions Authority (Eiopa), has told MEPs there needs to be a…