Australia’s AUB Group Agrees to Purchase UK Broker Tysers for US$615.2 Million May 10, 2022 By L.S. Howard Australia’s AUB Group has entered into a binding agreement to purchase UK insurance broker Tysers for A$880 million (US$615.2 million)...
With Inadequate Natural Catastrophe Prices, Swiss Re Gives Florida a Wide Berth May 6, 2022 By L.S. Howard Premium rates for natural catastrophe risks in Florida continue to be inadequate, which is why Swiss Re is giving that...
Swiss Re Reports Q1 Loss as Ukraine War, Natural Disasters and COVID Take Their Toll May 5, 2022 By L.S. Howard Swiss Re reported a group net loss of $248 million during the first quarter, as a result of headwinds such...
Aspen Becomes 17th Insurer to Stop Insuring Canada’s Trans Mountain Pipeline May 2, 2022 By L.S. Howard Lloyd’s of London syndicate Aspen Insurance has decided to cut ties with the existing Trans Mountain pipeline when its current...
Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon May 2, 2022 By L.S. Howard Preliminary economic losses from natural hazards during the first quarter of 2022 totaled $32 billion, of which less than 50%...
Is AXIS Selling Its Reinsurance Business? Some Say: Where There’s Smoke, There’s Fire April 29, 2022 By L.S. Howard AXIS Capital Holding’s chief executive officer would not comment on reports that the company is looking to sell its reinsurance...
Ending Collateral Requirements for Non-U.S. Reinsurers – It’s Been a Long Time Coming April 22, 2022 By L.S. Howard Financially strong EU and UK reinsurers will finally see the end of collateral requirements for business they write in the...
Aspen Becomes 17th Insurer to Stop Insuring Canada’s Trans Mountain Pipeline April 21, 2022 By L.S. Howard Lloyd’s of London syndicate Aspen Insurance has decided to cut ties with the existing Trans Mountain pipeline when its current...
Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon April 18, 2022 By L.S. Howard Preliminary economic losses from natural hazards billion during the first quarter of 2022 totaled $32, of which less than 50%...
Secondary Perils Responsible for Growing Share of Disaster Claims: RMS April 18, 2022 By L.S. Howard Not only did natural catastrophes in 2021 break insurance claims records, but they also highlighted the growing cost of non-modeled...