Reinsurance
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At group level the pandemic has a positive effect thanks to reduced motor claims.
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Severe and winter weather losses in the US hit $21.4bn during January-April, equity research analysts estimate.
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The region braces for a potential Category 1 landfall.
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The executive will take up the Hong Kong-based post on 1 September.
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This came as the insurer said its reinsurance programme was oversubscribed and it expected rate increases to be in a mid single digit range.
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The deal will cover commercial auto liabilities occurring in the two years ended September 2020.
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The February Deep Freeze has already pushed cedants to access reinsurance, adding fuel for rate rises later this year.
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The association said that regulation and culture needed continued improvement and the focus should go beyond high-rise residential buildings.
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An increased frequency and severity of fires weigh on per-risk covers.
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Covid-19 losses materially impact the property market, but the marine, aviation and transport segment returns to profit.
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The industry association reports that about 29,213 claims have been received so far.
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The New South Wales inundation is the first major flood event in the state in a decade, prompting reinsurance fears.
Most Recent
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Helene severity likely amplified by climate change: GC
03 October 2024 -
Insured losses from Hurricane Helene estimated at $6.4bn: KCC
02 October 2024 -
Ascot elevates Dalton to group chief claims officer
02 October 2024 -
Mosaic promotes Harland to global head of professional liability
02 October 2024 -
Gallagher appoints Collings as chief broking officer
02 October 2024