S&P Raises Reinsurance Sector View to Stable From Negative as Rates Keep Rising September 5, 2023 By Carolyn Cohn S&P Global has raised its view of the global reinsurance sector to stable from negative, it said on Tuesday, due...
Car Premiums to Rise Again as British Insurers Feel the Heat August 30, 2023 By Irina Anghel and Laura Benitez Motorists in Britain should brace for another year of steep insurance rises as providers confront cost pressures, industry figures have...
Reinsurers’ Cyber Rates Expected to Rise as They Seek to Regain Profitability: S&P August 29, 2023 By L.S. Howard More cyber reinsurance rate increases can be expected as reinsurers seek to regain underwriting profits in their cyber portfolios, according...
Nova Scotia Floods Cost Insurers More Than C$170 Million August 25, 2023 An atmospheric river event that led to significant flooding in parts of Nova Scotia on July 23, 2023, is estimated...
Cryptoassets Increase Financial Risks in Developing Economies, Study Says August 23, 2023 Cryptoassets, peddled as the future of finance, have not only failed to deliver on their promise but are themselves adding...
Munich Re Again Tops List of 50 Largest Reinsurers With Swiss Re at No. 2: AM Best August 23, 2023 By L.S. Howard Munich Re holds onto the top spot in AM Best’s annual ranking of the top 50 global reinsurance groups for...
Climate Change Doubled Odds of Eastern Canada’s Extreme Wildfire Weather: Research August 23, 2023 By Kendra Pierre-Louis This summer’s wildfires in eastern Canada have raged so intensely that smoke from them darkened skies as far away as...
More Than One-Third of Desks Globally Sit Empty All Week Long: Report August 23, 2023 By Matthew Boyle More than one-third of desks in offices around the globe are unoccupied all week, according to a new report, raising...
Insured Losses From Natural Catastrophes Set to Top $100 Billion for 3rd Year in a Row August 22, 2023 By Tom Metcalf and Marion Halftermeyer Claims for weather-related incidents are set to exceed $100 billion for the third year in a row, as floods, hail...
Conditions Are Challenging, Claims Are Elevated, but Reinsurers’ Profits Return: Reports August 22, 2023 By L.S. Howard Despite extremely challenging conditions, with persistent and elevated claims activity, the global reinsurance segment returned an underwriting profit in 2022,...