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Ascot Group president Jonathan Zaffino has said that some parts of the (re)insurance market still have more rate hardening ahead, as underwriters push for rate adequacy...
It isn't just Covid-19 that has the reinsurance industry in lockdown right now...
A tropical depression dubbed “Nine” just off the east coast of Taiwan is heading in the direction of South Korea and Japan, with an outside chance of hitting those countries as a Category 3 typhoon...
Insured losses from Storm Ciara/Sabine, which struck the UK and Europe in February, are expected to come in at about EUR1.61bn ($1.82bn), according to Zurich-based loss aggregator Perils...
The marine and cargo market is expected to bear the brunt of insurance losses from yesterday’s explosion at Beirut port, with the property direct and facultative (D&F) market seeing limited...
The Insurance Council of Australia has lifted the total claims bill for Australian catastrophe losses during the country’s summer months to A$5.3bn...
The international cat treaty renewals at 1 July look set for moderate rate rises and an increase in retentions, but will not feature the double-digit price increases...
Specialty rate momentum is accelerating in London as Covid-19 uncertainty and the prospect of a fourth consecutive year of underwriting losses drive the market to push for better pricing...
Property catastrophe reinsurance rates rose by 26 percent at the 1 June renewals, following the fastest period of quarterly rate rise in 18 years in the...
The forthcoming North Atlantic hurricane season is likely to be more severe than the long-term average, the recovery from which will be worsened by Covid-19, Munich Re has predicted...
