UK (re)insurers are consulting on a proposal to create two state-backed cyber (re)insurance schemes which...
Reinsurers implement “escalation clause” to limit exposure to Middle East conflict
Reinsurance recoveries related to hostilities in the Middle East could be limited by a conflict “escalation clause” introduced in certain specialty treaties at 1 January,...
Reinsurance recoveries related to hostilities in the Middle East could be limited by a conflict “escalation clause” introduced in certain specialty treaties at 1 January,...
Article / 15 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
Travelers active underwriter Allison and property head Tokley exit
Travelers has seen two high-profile departures from its Lloyd’s operations with the exits of active underwriter and head of specialty Chris Allison...
Travelers has seen two high-profile departures from its Lloyd’s operations with the exits of active underwriter and head of specialty Chris Allison...
Article / 29 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 / 30 days ago
Moscow concert hall attack insured by Russian state-backed Ingosstrakh: RBC
Last week's devastating attack on Moscow's Crocus City Hall is insured by Russian state-backed insurer Ingosstrakh Insurance....
Last week's devastating attack on Moscow's Crocus City Hall is insured by Russian state-backed insurer Ingosstrakh Insurance....
Article / 1 month ago
Noto Peninsula Earthquake payouts surpass $400mn: GIAJ
Claims paid as a result of the January Noto Peninsula Earthquake have reached ¥61.09bn, according to the General Insurance Association of Japan....
Claims paid as a result of the January Noto Peninsula Earthquake have reached ¥61.09bn, according to the General Insurance Association of Japan....
Article / 1 month ago
Aon: Mid-March SCS insured losses to run into hundreds of millions
The insured and economic losses from a severe weather outbreak spanning Texas to Ohio from 12 to 16 March will reach into the hundreds of millions of dollars...
The insured and economic losses from a severe weather outbreak spanning Texas to Ohio from 12 to 16 March will reach into the hundreds of millions of dollars...
Article / 1 month ago
Portugal poised to launch public-private quake reinsurance scheme
Portugal is poised to launch a state-backed natural catastrophe reinsurance pool to provide cover for catastrophic earthquake events, with the...
Portugal is poised to launch a state-backed natural catastrophe reinsurance pool to provide cover for catastrophic earthquake events, with the...
Article / 2 months ago
Insurers pay out on 33% of Japan Noto earthquake claims
Insurers have paid out an estimated ¥20.53bn ($136mn) to policyholders for losses associated with the 2024 Noto Peninsula Earthquake, according to new figures from the General...
Insurers have paid out an estimated ¥20.53bn ($136mn) to policyholders for losses associated with the 2024 Noto Peninsula Earthquake, according to new figures from the General...
Article / 3 months ago