A Return to Balance: Brokers Say Reinsurance Renewals Were ‘Stable’ January 3, 2024 By L.S. Howard This year’s January reinsurance renewals were described by brokers as “stable,” “predictable,” “orderly,” “calmer,” “disciplined,” with “increased appetites” and a...
Turkey Earthquake Tops 2023 Insurance Industry Losses Outside US: CRESTA January 2, 2024 The largest non-US natural catastrophe in 2023 was the Kahramanmaras Earthquake Sequence in Turkey on Feb. 6, which generated an...
Reinsurance Buyers Find ‘Smoother’ January Renewals With Ample Capacity: Carpenter December 29, 2023 Ceding companies are finding that a responsive reinsurance market has materialized for the Jan. 1, 2024 renewals – a reflection...
Extreme Weather in Germany Costs Insurers US$5.4 Billion in 2023: GDV December 29, 2023 Extreme weather in Germany again caused high insurance claims this year, with an estimated price tag of €4.9 billion (US$5.4...
A&E Loss Payouts on the Rise; Reserves Will Run Off in 8 Years December 20, 2023 A new AM Best segment report details asbestos and environmental (A&E) losses and reserve decline through the end of 2022....
Flooding Drives Millions to Move as Climate Migration Patterns Emerge December 19, 2023 By Michael Phillis and Camille Fassett Flooding is driving millions of people to move out of their homes, limiting growth in some prospering communities and accelerating...
Initial Insured Losses for Windstorm Ciarán (aka Emir) Estimated at €1.9B: PERILS December 18, 2023 Initial industry losses for extratropical windstorm Ciarán, also known as Emir, are estimated at €1.9 billion (US$2.1 billion), according to...
UK at High Risk of ‘Catastrophic’ Cyberattack Affecting Critical Infrastructure: Report December 15, 2023 By Margi Murphy The UK is at high risk of a “catastrophic” ransomware attack that could bring critical national infrastructure to a standstill...
Harassment of Women in Financial Services Eclipses Other Industries: Aviva CEO Blanc December 14, 2023 By Kirstin Ridley Amanda Blanc, the CEO of insurer Aviva, told British lawmakers on Wednesday that physical and verbal harassment of women in...
Crypto, Insurance-Linked and Trend Hedge Funds Most Popular With Investors: Report December 13, 2023 By Nell Mackenzie Trend-following and niche hedge funds that trade crypto currencies and insurance-linked assets attracted most new investor money in the first...