UK (re)insurers are consulting on a proposal to create two state-backed cyber (re)insurance schemes which...
Slingshot: Space insurance market losses “unsustainable” amid concern of geo congestion
Losses in the space insurance market are “unsustainable” after the sector was hit with claims totalling $995mn last year, according to Melissa Quinn,...
Losses in the space insurance market are “unsustainable” after the sector was hit with claims totalling $995mn last year, according to Melissa Quinn,...
Article / 1 day ago
Dollar Tree expects “majority” of tornado-hit distribution facility's losses are insured
Dollar Tree has told investors the “majority” of the damages and recovery costs it will incur after a tornado tore through its one million square...
Dollar Tree has told investors the “majority” of the damages and recovery costs it will incur after a tornado tore through its one million square...
Article / 2 days ago
Midwest slammed by 100+ tornadoes as SCS frequency losses continue
Homeowners and businesses in the Midwest are clearing up after more than 100 recorded tornadoes swept across several states including Nebraska, Iowa...
Homeowners and businesses in the Midwest are clearing up after more than 100 recorded tornadoes swept across several states including Nebraska, Iowa...
Article / 3 days ago
UAE floods set to cause “sizeable influx” of local claims with ri recoveries to limit impact on domestic market
A “sizeable influx” of local insurance claims is expected in the UAE and Oman on the back of record rainfall in the region,...
A “sizeable influx” of local insurance claims is expected in the UAE and Oman on the back of record rainfall in the region,...
Article / 15 days ago
Nordic P&C carriers face “painful” Q1 as weather and large losses bite
The challenging weather across the Nordic region during the first quarter is expected to take its toll on the quarterly earnings of Tryg, Sampo and...
The challenging weather across the Nordic region during the first quarter is expected to take its toll on the quarterly earnings of Tryg, Sampo and...
Article / 22 days ago
AM Best: No significant property insurance impact from NY ‘quake
The 4.8 magnitude earthquake that shook New York and the surrounding area on Friday morning is expected to have no significant financial impact on property insurers in the region,...
The 4.8 magnitude earthquake that shook New York and the surrounding area on Friday morning is expected to have no significant financial impact on property insurers in the region,...
Article / 25 days ago
Taiwan quake: a reminder of the major BI risk in the semiconductor supply chain…
Rescue efforts are continuing in Taiwan after the country suffered its strongest earthquake in 25 years while people headed to work and school early on Wednesday....
Rescue efforts are continuing in Taiwan after the country suffered its strongest earthquake in 25 years while people headed to work and school early on Wednesday....
Article / 29 days ago
AM Best downgrades State Farm General to B on policyholder surplus deterioration
AM Best has downgraded the financial strength rating to B (Fair) from A (Excellent) of State Farm General Insurance Company, the unit of the personal lines giant...
AM Best has downgraded the financial strength rating to B (Fair) from A (Excellent) of State Farm General Insurance Company, the unit of the personal lines giant...
Article / 1 month ago
MS Amlin “re-engaging with reinsurers” over Covid settlements
MS Amlin has revealed it is now “re-engaging” with the reinsurers of Syndicate 2001 over Covid-19 BI recoveries following the settlement of the long-running...
MS Amlin has revealed it is now “re-engaging” with the reinsurers of Syndicate 2001 over Covid-19 BI recoveries following the settlement of the long-running...
Article / 1 month ago
Insurers settle Tottenham Hotspur BI dispute ahead of London trial
A coalition of UK insurers has settled a long-running legal dispute with Premier League football club Tottenham Hotspur over the payment of claims...
A coalition of UK insurers has settled a long-running legal dispute with Premier League football club Tottenham Hotspur over the payment of claims...
Article / 1 month ago