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International

Natural catastrophes hit Munich Re Q3 result

28 October 2024

Munich Re has reported a third-quarter result well below financial analyst expectations following losses from natural catastrophes including Hurricane Helene...

Howden report backs climate-friendly insurance model

21 October 2024

The insurance industry is well positioned to advance and deliver investment into “nature-based” solutions, according to a report from Howden and climate change advisory group Pollination...

Allianz climbs global brand rankings

21 October 2024

Allianz has been dubbed a “fastest riser” after cracking the top 30 in a list of the 100 most valuable brands in the world, while Axa has retained its top-50 spot...

Milton losses could hit $74 billion: Fitch

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...

US rates poised for further rises after Helene, Milton

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...

‘Non-attack’ cyber claims surge

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...

US think tank proposes home disaster cover alternative

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...