Mergers and acquisitions among insurance brokers and agents declined 18% in the first quarter, falling to...
Property rate hikes drive captive boom
Captive formations continued to surge last year as new and existing owners turned to alternative risk transfer vehicles to navigate rising commercial insurance market rates....
Captive formations continued to surge last year as new and existing owners turned to alternative risk transfer vehicles to navigate rising commercial insurance market rates....
Article / 26 days ago
Property owners rely more on captives for coverage
Despite a slowdown in the pace of rate increases in property insurance...
Despite a slowdown in the pace of rate increases in property insurance...
Article / 3 months ago
New Zealand insurers settle 87% of natural disaster claims
The Insurance Council of New Zealand said that insurers have so far settled around 87% of the115,353 claims arising from the damage caused in Auckland floods and Cyclone Gabrielle in the first...
The Insurance Council of New Zealand said that insurers have so far settled around 87% of the115,353 claims arising from the damage caused in Auckland floods and Cyclone Gabrielle in the first...
Article / 4 months ago
Allianz secures $274.7 million cat bond against European windstorms
Allianz SE on Tuesday said it has used a catastrophe bond to secure 250 million euros ($274.7 million) of coverage against European windstorms....
Allianz SE on Tuesday said it has used a catastrophe bond to secure 250 million euros ($274.7 million) of coverage against European windstorms....
Article / 4 months ago
Westfield entering international property D&F insurance
Westfield Specialty Ltd., a unit of Ohio Farmers Insurance Co., said Thursday it is entering international property direct and facultative insurance....
Westfield Specialty Ltd., a unit of Ohio Farmers Insurance Co., said Thursday it is entering international property direct and facultative insurance....
Article / 4 months ago
Hurricane Otis insured losses to onshore property pegged at up to $6 billion
Verisk Inc. Wednesday estimated that insured losses to onshore property due to Hurricane Otis in Mexico will likely total between $3 billion and $6 billion...
Verisk Inc. Wednesday estimated that insured losses to onshore property due to Hurricane Otis in Mexico will likely total between $3 billion and $6 billion...
Article / 6 months ago
Commercial insurance rates keep rising
Global commercial insurance pricing increased for most lines of coverage in the third quarter, according to Marsh LLC, marking the longest run of consecutive quarterly rate hikes since the...
Global commercial insurance pricing increased for most lines of coverage in the third quarter, according to Marsh LLC, marking the longest run of consecutive quarterly rate hikes since the...
Article / 6 months ago
Hurricane Otis insurable losses from wind pegged at $10B-$15B
CoreLogic Inc. Thursday estimated that insurable, ground-up losses from wind damage due to Hurricane Otis in Mexico will be between $10 billion and $15 billion....
CoreLogic Inc. Thursday estimated that insurable, ground-up losses from wind damage due to Hurricane Otis in Mexico will be between $10 billion and $15 billion....
Article / 6 months ago
Cat modelers weigh long-term, seasonal trends as losses rise
As 2023 proves to be another active year for hurricane activity and other catastrophe losses, modeling companies remain focused...
As 2023 proves to be another active year for hurricane activity and other catastrophe losses, modeling companies remain focused...
Article / 6 months ago
Buyers set for another tough renewal as rate pressures rise
Many insurance buyers will likely face demands for more premium hikes at upcoming renewals with insurers pushing for rate increases in a continuing tough market for...
Many insurance buyers will likely face demands for more premium hikes at upcoming renewals with insurers pushing for rate increases in a continuing tough market for...
Article / 7 months ago
