Considered one of the greatest engineering marvels of the modern world, the Panama Canal has been a major...
Reinsurance rates, terms harden for Japanese, Korean primary carriers
Cedents in Japan and South Korea accepted big rate increases and tougher terms during the April 1 reinsurance renewal season....
Cedents in Japan and South Korea accepted big rate increases and tougher terms during the April 1 reinsurance renewal season....
Article / 11 months ago
Catastrophes, inflation key factors for Japan's nonlife insurers in FY'23
Natural catastrophe-related losses will continue to be the largest risk to Japanese nonlife insurers' earnings in fiscal year 2023, though the effects of inflation are...
Natural catastrophe-related losses will continue to be the largest risk to Japanese nonlife insurers' earnings in fiscal year 2023, though the effects of inflation are...
Article / 1 year ago
Turkey quake insured loss estimates rise as damage takes shape
An aerial view of destroyed buildings in Hatay, Turkey, after the country's southeast was rocked by magnitude 7.8 and 7.5 earthquakes on Feb. 6....
An aerial view of destroyed buildings in Hatay, Turkey, after the country's southeast was rocked by magnitude 7.8 and 7.5 earthquakes on Feb. 6....
Article / 1 year ago
Insurers unable to tally up true cost of Ukraine war
The insurance industry is struggling to gauge the cost of Russia's war with Ukraine a year after the conflict began....
The insurance industry is struggling to gauge the cost of Russia's war with Ukraine a year after the conflict began....
Article / 1 year ago
Australia P&C dividends resilient despite stormy forecast
The top three property and casualty insurers in Australia are expected to nearly double their ordinary dividends for fiscal 2023, despite the projected negative impact of a wet spring and early...
The top three property and casualty insurers in Australia are expected to nearly double their ordinary dividends for fiscal 2023, despite the projected negative impact of a wet spring and early...
Article / 1 year ago
Catastrophe losses drop sharply YOY in Q1 for many big US insurers
Liberty Mutual reported the largest amount of losses during the quarter at $656 million, though that was down from $1 billion in the first quarter of 2021. Allstate was next with losses of $475 million, compared to $833 million a year earlier.
Liberty Mutual reported the largest amount of losses during the quarter at $656 million, though that was down from $1 billion in the first quarter of 2021. Allstate was next with losses of $475 million, compared to $833 million a year earlier.
Article / 2 years ago
P&C insurers seeing catastrophe loss respite in Q4'21
Claims may be manageable for underwriters during the period, but Jefferies analyst Philip Kett cautioned of possible loss creep...
Claims may be manageable for underwriters during the period, but Jefferies analyst Philip Kett cautioned of possible loss creep...
Article / 2 years ago
Reinsurers bearing Q3 catastrophe loss load from Ida, European floods
RenaissanceRe CEO Kevin O'Donnell during an earnings call said reinsurers have absorbed a significant share...
RenaissanceRe CEO Kevin O'Donnell during an earnings call said reinsurers have absorbed a significant share...
Article / 2 years ago
Insurers facing prospect of another 'above-average' Atlantic hurricane season
The National Oceanic and Atmospheric Administration's Climate Prediction Center anticipates 13 to 20 named storms...
The National Oceanic and Atmospheric Administration's Climate Prediction Center anticipates 13 to 20 named storms...
Article / 3 years ago
Jan. 1 renewals yield mixed results for reinsurers, buyers
While rate increases may have been below reinsurers' expectations...
While rate increases may have been below reinsurers' expectations...
Article / 3 years ago
