Brought to you by:

International

Glacier collapse toll tops $600 million

23 June 2025

Damage from a landslide that wiped out the town of Blatten in Switzerland is estimated at 320 million Swiss francs ($604 million), an industry group says...

Buyers’ market persists for cyber cover

23 June 2025

Cyber insurance costs fell 7% in the first quarter and broader coverage with increased limits is now available in most markets for organisations with robust security...

European firms absorbing risk, Allianz Trade says

23 June 2025

Global working capital requirements have reached the highest level since 2008, with a growing divergence between North American and European strategies, an Allianz trade credit insurance report shows...

‘Longer, hotter heatwaves’ pose wide-ranging threat

16 June 2025

The insurance industry faces a growing threat from extreme heat that increases the risk of electrical outages, wildfires and damage to infrastructure, potentially driving up property and specialty claims, according to Swiss Re...

Court backs cover for Russia-stranded planes

16 June 2025

Aircraft lessors have won a court battle over war risks cover after planes worth more than $US4 billion ($6.1 billion) were stranded in Russia following the invasion of Ukraine...

‘A rare privilege’: Neal bids farewell to Lloyd’s

02 June 2025

John Neal has commended the “collaboration, commitment and camaraderie” of his London market colleagues, thanking “everyone who trusted this lowly motor underwriter to lead Lloyd’s for almost seven years”...

UK pet payouts reach record total

02 June 2025

Pet insurance payouts by members of the Association of British Insurers rose 4% to a record £1.23 billion ($2.36 billion) last year as vet fees increased sharply...

US tornado, hail costs to ‘reach into billions’

26 May 2025

Tornados and hail in the Ohio River Valley and Midwest this month may rank among the costliest severe weather events in US history, with total economic and insured losses likely to be billions of dollars, Aon says...

British watchdog to ‘strip back’ rulebook

19 May 2025

The UK regulator has released plans to cut outdated or duplicated requirements from its insurance rulebook, in changes aimed at lowering costs while maintaining protections...