14 October 2024
Hurricane Milton insured losses are estimated at $US30-$US50 billion ($44-$74 billion), with the ultimate cost depending on repair supply constraints as the US southeast also recovers from Helene’s impact two weeks earlier, Fitch Ratings says...
14 October 2024
US commercial and personal lines rates increased in the third quarter and are expected to rise further over the next few months to price in the impact of hurricanes Helene and Milton, MarketScout says...
14 October 2024
Class actions and related claims over “non-attack” cyber incidents such as wrongful use of personal data have increased after regulatory and legal changes, Allianz says...
14 October 2024
Lloyd’s says the global economy could be exposed to losses as high as $US50 trillion ($74.30 trillion) over the next five years should a “hypothetical geopolitical conflict” occur...
07 October 2024
Hurricane Milton is expected to hit Florida this week as the US southeast continues to deal with widespread damage caused when Helene crossed the coastline less than two weeks ago...
07 October 2024
Housing resilience agencies should be created to take over US home disaster insurance and risk reduction oversight as more people are left unprotected when natural catastrophes hit, the Climate & Community Institute says...
07 October 2024
About 2.4 billion people, or one-third of the world’s population, live in areas exposed to inland flood risk, according to a Moody’s white paper...
07 October 2024
Marsh McLennan will pay $US7.75 billion ($11.2 billion) to acquire US broking business McGriff Insurance Services...
30 September 2024
Loss estimates from Hurricane Helene, which crossed the Florida coastline last week, are expected to climb as the event brings widespread catastrophic flooding...
30 September 2024
Ebix Inc CEO Robin Raina has been suspended pending the outcome of an inquiry investigating reported financial irregularities, the Delhi-based company that acquired the business says...
30 September 2024
Lloyd’s has welcomed changes that will ease the regulatory burden for the market’s managing agents...
30 September 2024
Global cargo premiums increased 6.2% last year to $US22.1 billion, the International Union of Marine Insurance says...
30 September 2024
Lloyd’s has partnered with the World Bank Group’s Multilateral Investment Guarantee Agency to aid sustainable growth in developing countries...
23 September 2024
The US property and casualty sector recorded a $US3.8 billion ($5.6 billion) net underwriting gain in its latest six-month results, rebounding from a $US24 billion loss ($35.5 billion) a year earlier as personal lines improved, AM Best says...
23 September 2024
Lloyd’s has named Charles Roxburgh as its next chairman, effective from May...
23 September 2024
HDI Global has established an energy unit after client feedback indicated more support is needed in dealing with rapid transformation...
23 September 2024
Axa XL has appointed Chris Caponigro as head of reinsurance capital management...
23 September 2024
Former Swiss Re executive Moses Ojeisekhoba has been named Resolution Life president, effective next month...
16 September 2024
CoreLogic estimates Hurricane Francine caused up to $US1.5 billion ($2.24 billion) of insured losses after making landfall in Louisiana last week as a category 2 storm...
16 September 2024
Elevated natural catastrophe risks, macroeconomic instability and a politically charged environment are adding to demand for reinsurance solutions, according to Swiss Re...