11 September 2023
The annual reinsurance Rendez-Vous de Septembre is underway in Monte Carlo amid relatively positive outlooks for the sector following rate increases and changes to terms and conditions...
11 September 2023
Insurance-linked securities are a key source of potential new cyber reinsurance capacity, and issuers should put aside concern over a "perceived correlation” between cyber events and stock market performance, Guy Carpenter says...
11 September 2023
At least five large US property insurers have told regulators that extreme weather patterns have led them to stop providing cover in some regions, exclude various weather events or raise premiums and deductibles, the Washington Post has reported...
11 September 2023
Lloyd’s has rebounded to report a half-year profit as rising premiums and fewer major catastrophes drove an improved underwriting result and the investment performance turned around...
11 September 2023
The 100-year anniversary of Japan’s devastating Great Kanto Earthquake has highlighted the potential for up to $US150 billion in insurance losses from a similar event today due to the concentration of population and wealth in the Tokyo region...
04 September 2023
Cyber is still the fastest growing sub-sector of the global insurance market but unlocking its potential will depend heavily on reinsurers’ appetite to underwrite the risk, S&P Global Ratings says in a report...
04 September 2023
Insured losses in Florida related to Hurricane Idalia are unlikely to equal those from 2022’s Hurricane Ian, though property insurers’ 2023 underwriting results "will be under pressure,” AM Best says...
04 September 2023
Insurance-linked securities capital has reached $US100 billion and is “trending towards the greatest ever annual catastrophe bond issuance on record,” Aon says...
04 September 2023
Direct Line Group will carry out a review after it charged some existing home and motor customers more for their renewals than it would have done if they were a new client, breaching Financial Conduct Authority insurance pricing rules...
28 August 2023
Traditional reinsurance capital dropped sharply last year due mainly to unrealised losses on assets caused by rising interest rates, while AM Best says a “potentially more notable driver” was a shift in appetite...
28 August 2023
The devastating Maui wildfires are expected to hit smaller insurance carriers with business concentrated in Hawaii...
28 August 2023
Florida’s Office of Insurance Regulation has approved Orion180 Select Insurance Company and Orion180 Insurance Company as property and casualty insurers as part of ongoing efforts to expand insurance options...
28 August 2023
The Association of British Insurers says there will be “no let-up” in its crackdown on insurance fraud despite a 19% drop in fraudulent claims uncovered...
21 August 2023
The global reinsurance sector returned an underwriting profit last year, but caution around property casualty risks has continued, AM Best says...
21 August 2023
Canada’s British Columbia has declared a state of emergency as the country continues to battle wildfires in a season described as unprecedented...
21 August 2023
The US National Hurricane Centre has warned of catastrophic and life-threatening flooding as Tropical Storm Hilary moves into southern California after making landfall in Mexico...
21 August 2023
HDI Global parent Talanx Group says its confident of exceeding its full-year earnings target following the increase in its first-half result...
14 August 2023
Swiss Re says global insured losses from natural catastrophes for the first half were $US50 billion, marking the second-highest total since 2011...
14 August 2023
Munich Re property and casualty first-half earnings slumped, weighed down by a blowout in natural catastrophe claims costs to €1.315 billion from €604 million a year earlier...
14 August 2023
Zurich says its first-half group business operating profit matched record levels of a year ago as strong top-line growth became a more significant driver...