Property
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Hurricane Florence loss estimates range from $2.5bn to $5bn
Hurricane Florence, which made landfall in North Carolina on Friday, is estimated to cost insurers less than feared at between…
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AIR predicts Florence wind and storm losses of between $1.7bn and $4.6bn
AIR Worldwide has estimated insured losses of between $1.7bn and $4.6bn from Hurricane Florence’s wind and storm surge, as Willis…
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Canopius Asia CEO steps down
Specialty reinsurer Canopius has parted company with the chief executive of its Asia division, Linus Phoon. Mr Phoon, who was…
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Insurers expect rise in silent cyber losses, finds Willis Re survey
More insurers across the globe are expecting to report silent cyber losses across all lines of business except workers’ compensation…
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Little or no sign of market-wide hardening in Nordics
Nordic risk and insurance managers see no sign of a general hardening in the commercial market and can get capacity…
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China Re to acquire Chaucer Group for $950m
China Reinsurance is set to spend close to a billion dollars acquiring specialty insurer Chaucer from Hanover Insurance. The deal,…
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H1 nat cat and disaster losses almost half the ten-year average
Insured nat cat and disaster losses during the first half of 2018 were almost half the ten-year average, making any…
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Marsh says new flood risk technology is boosting protection
Advances in data and analytics are driving new tools to manage flood risk and more accurately underwrite insurance, providing customers…
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AIR launches new thunderstorm model for Europe
Catastrophe modelling firm AIR Worldwide has developed a new severe thunderstorm model for Europe. The company said its new offering…
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London market responds to silent cyber concerns
The London market is responding to regulatory pressure to clarify cyber cover under traditional insurance policies, with implications for buyers…
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Insured losses from Typhoon Jebi estimated between $2.3bn and $4.5bn
The estimated insured property losses from Typhoon Jebi, which hit Japan on 4 September, could reach somewhere between $2.3bn and…
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German risk managers call for ‘moderation’ as insurers seek to clean out property books
German risk managers are becoming increasingly nervous about a hardening attitude at leading insurers towards property fire risk...
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HDI Global forging ahead with strict action plan to tackle German combined ratio
HDI Global has made it clear to the German risk and insurance management community in recent times that it will…
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Fitch expects flat reinsurance renewals but revises sector outlook to stable
Fitch expects most reinsurance renewals to be flat for the remainder of this year and into next as rate increases…
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Insureds’ direct access to capital market will continue to rise, says expert
Corporate risk is increasingly being transferred directly to the capital markets, with the trend set to accelerate and deliver yet…
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Hartford to buy Navigators for $2.1bn to extend global reach and specialty expertise
US insurer Hartford is set to buy rival Navigator for $2.1bn...
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Chubb launches major accounts division for Asia-Pacific
Chubb has announced the creation of a major accounts division in the Asia-Pacific region. The insurer describes the new operation…
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Insured losses for flooding in western Japan could hit $4bn after record rainfall
Catastrophe modeling firm AIR Worldwide estimates that industry insured losses from the flooding in western Japan caused by excessive rainfall…
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Indian insurers braced for big claims from Kerala floods
Indo-Asian News Service (IANS) has reported that insurance experts in India expect a spike in premiums charged by reinsurers for…
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Genoa bridge collapse to cost insurers up to €600m
Last week’s Genoa bridge collapse will cost the insurance industry between €400m and €600m, according to analysts at JP Morgan. The…