Global Non-Life Insurance Rates ‘Plateauing’ but Nat Cat Losses Delay Market Softening November 22, 2024 By L.S. Howard Global non-life premiums are expected to hit a decade-high growth level of 4.3% in 2024, following the repricing of risk...
Flood Adaptation Preferable to Post-Disaster Rebuilding – And Helps With Insurability November 19, 2024 By L.S. Howard Economic losses caused by natural catastrophes reached an estimated US$280 billion in 2023, with US$51.6 billion of that total due...
Global Reinsurers’ ROE Jumps to 22% in 2023 but Market Softening Unlikely: AM Best November 18, 2024 By L.S. Howard AM Best’s population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023 — a five-year...
Geopolitical Conflict Could Cost Global Economy $14.5 Trillion Over 5 Years: Lloyd’s November 4, 2024 By L.S. Howard The global economy could be exposed to losses of US$14.5 trillion over a five-year period from the threat of a...
Global Reinsurers’ ROE Jumps to 22% in 2023, but Market Softening Unlikely: AM Best November 1, 2024 By L.S. Howard AM Best’s population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023 – a five-year...
Global Natural Catastrophe Insured Losses Exceed $102B During Q1-Q3 2024: Aon October 29, 2024 By L.S. Howard The third quarter of 2024 saw a significant number of natural disaster events, which drove year-to date economic losses above...
Global Commercial Insurance Rates See 1st Quarterly Decline in Seven Years: Marsh October 24, 2024 By L.S. Howard Global commercial insurance rates fell 1% in the third quarter of 2024 from the previous quarter, which marked the first...
Lloyd’s Focuses on Delegated Authority Arrangements as Looming Market Risk October 21, 2024 By L.S. Howard While the Lloyd’s market reported its best first-half profit in 17 years, it isn’t resting on its laurels. It is...
Hard Market ‘Supercycle’ Likely to Be Prolonged: Lloyd’s CEO Neal October 21, 2024 By L.S. Howard Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7 — its...
Marsh McLennan Reports 6% Increase in Q3 Revenue October 17, 2024 By L.S. Howard Insurance broker Marsh McLennan reported a 6% increase in third quarter consolidated revenue to $5.7 billion, while revenue increased 5%...