Cyber again generated strong profits for U.S. property/casualty (P/C) insurers last year, Fitch Ratings s...
Insurance Marketplace Realities 2024 Spring Update – Surety
The U.S. surety industry has begun to experience a modest increase in loss activity. Claim activity is picking up in the commercial surety market; however, losses appear to be remaining low....
The U.S. surety industry has begun to experience a modest increase in loss activity. Claim activity is picking up in the commercial surety market; however, losses appear to be remaining low....
Article / 10 days ago
Fronting for global insurance programmes
Addressing the challenges of market panel fronting for energy programmes requires a nuanced understanding of legal and regulatory requirements across multiple territories....
Addressing the challenges of market panel fronting for energy programmes requires a nuanced understanding of legal and regulatory requirements across multiple territories....
Article / 10 days ago
Social inflation has put severity pressure on loss cost trends over last five years: CNA CEO
Long-run loss cost trends in the US are at 6.5% as a result. CNA Financial CEO Dino Robusto said that over the past five years, social...
Long-run loss cost trends in the US are at 6.5% as a result. CNA Financial CEO Dino Robusto said that over the past five years, social...
Article / 13 days ago
Berkshire's Jain on Cyber: ‘The Mindset Should Be You're Not Making Money'
While describing cyber insurance as a “fashionable” and profitable business, Berkshire Hathaway's head of insurance operations said aggregation and loss costs have...
While describing cyber insurance as a “fashionable” and profitable business, Berkshire Hathaway's head of insurance operations said aggregation and loss costs have...
Article / 14 days ago
Swiss Re: Auto Insurance Price Rises to Decelerate as Claims Inflation Eases - Claims Journal
Auto insurance price rises are expected to decelerate from current heights as claims inflation eases, according to a new economic analysis from Swiss...
Auto insurance price rises are expected to decelerate from current heights as claims inflation eases, according to a new economic analysis from Swiss...
claimsjournal.com /
Article / 18 days ago
Social inflation will drive P&C (re)insurers to raise prices
“We expect social inflation to continue, and insurers to respond by building higher expected losses into their policies, raising prices and boosting reserves,” says Jasper Cooper, CFA, VP-Sr Credit Officer at Moody’s Ratings...
“We expect social inflation to continue, and insurers to respond by building higher expected losses into their policies, raising prices and boosting reserves,” says Jasper Cooper, CFA, VP-Sr Credit Officer at Moody’s Ratings...
PR / 18 days ago
Oil Pollution Act market retreats over stance of US Coast Guard
A claims dispute between the US Coast Guard and insurers has sparked fear about aggregations...
A claims dispute between the US Coast Guard and insurers has sparked fear about aggregations...
Article / 18 days ago
PV rates stagnant in Israel despite rising tensions and risk of net losses
Israel exposure has thrown inwards-outwards PV coverage mismatches to the fore again....
Israel exposure has thrown inwards-outwards PV coverage mismatches to the fore again....
Article / 20 days ago
Dubai floods put $8bn of aircraft at risk
Aircraft with a value of $8bn on the ground at Dubai’s airport were at risk of damage during unprecedented rainstorms last week...
Aircraft with a value of $8bn on the ground at Dubai’s airport were at risk of damage during unprecedented rainstorms last week...
Article / 27 days ago
Reinsurance Market Dynamics: April 2024
Reinsurance renewals at April 1 consolidated the progress made at 1/1, as ample capacity and increased competition for catastrophe reinsurance led to improved outcomes for the majority of insurers.
Reinsurance renewals at April 1 consolidated the progress made at 1/1, as ample capacity and increased competition for catastrophe reinsurance led to improved outcomes for the majority of insurers.
Report / 1 month ago
