increases News

Swiss Re Report Analyzes Rise in Flood Losses – $15 Billion and Counting

A new report from Swiss Re underscores the fact the “insured flood losses have increased from $1–2 billion in 1970 to $15 billion in 2011, which it describes as an “alarming rate” while posing “unique challenges for the industry” as …

AIG Reports Q2 Profit Increases; Insurance Units All Gain

American International Group reported a larger profit for the second quarter on Thursday, as tax benefits boosted results and operating income grew across the company’s varied insurance businesses. The company also reported more than $11 billion in liquidity at the parent …

Marsh Reports Global Insurance Prices up 1.4% in Q2; Sees Further Increases

Global insurance prices are set to rise for a third consecutive quarter as the industry strives to bolster its finances after paying near-record catastrophe claims last year, insurance broker Marsh said on Thursday. Average prices in the second quarter of …

SCOR Posts 11% Increases in Renewal Pricing

SCOR Global P&C (SGPC) recorded 11 percent growth at constant exchange rates from the €328 million [$435 million] in premiums that were up for renewal on April first, “with no increase in exposure to natural catastrophes.”  SGPC also noted that …

Aon Benfield Reports China Reinsurance Premiums up 70% since 2005

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has launched its China Property & Casualty Insurance and Reinsurance Market Report, which,” it said “reveals the opportunities and challenges vital for any insurer formulating a strategy in …

Commodity Pricing Volatility Increases Under-insurance Risks Says Marsh

Marsh has issued a report, which highlights the rising gap between insurance coverage amounts and the actual costs that may be incurred in rebuilding and repairing after a loss due to rising commodity prices. “Commodity price volatility and the rising …

Best Special Report Sees Reinvigorated Reinsurance Market

A new special report from A.M. Best found some “hopeful signs” emerging for the global reinsurance industry. “After years of a soft market, weak investment returns, lukewarm investor interest and sluggish consolidation activity, the bottom line has been squeezed, and …

Best Sees ‘Growing Pressure’ for Higher P/C Insurance Rates

There is “growing pressure” to support increased rates in property/casualty insurance and reinsurance markets, rating agency A.M. Best has concluded in its most recent market analysis. As a consequence, Best said it is maintaining its stable rating outlook for the …

Lockton Study Finds Recent Catastrophes, Changing Models Affecting Property

In a new Market Update report insurance broker Lockton cautions that aftershocks from earthquakes in Asia Pacific and new catastrophe models create an uncertain environment for property insurance buyers.   In the report Lockton’s Jim Rubel explained that recent events “are …