-
The ratings agency said a high degree of uncertainty around ultimate exposure is likely to be long-lasting and will fuel rate strengthening in affected lines.
-
European storms have inflicted heavy claims on insurers in recent years.
-
The state Governor’s goal is ‘to have a functioning market’ for property insurance in Florida.
-
The nat cat loss aggregator said the Q1 event was the “largest flood loss on record” for the Australian insurance industry.
-
The carriers have placed a legally binding cat excess-of-loss reinsurance contract using B3i’s platform.
-
The study says a more La Niña-like environment has driven the trend.
-
Of that roughly $400mn to $820mn can be attributed to commercial and industrial properties, according to Verisk.
-
Lloyd’s 2021 results have revealed significant improvements in virtually all lines of business as well as rocketing premium growth in reinsurance and primary casualty business.
-
Wind XoL rate increases are tapering off, while cedants push for commission increases on quake quota-shares.
-
The flight from volatility could have the industry poised to enter another phase of structural change.
-
The intermediary’s London Market Appetite Survey also found increased enthusiasm for sustainable energy risks.
-
The theme of yesterday’s market briefing is that Lloyd’s is now moving into a period of growth, having completed remediation, but it wants smarter, sustainable growth.