UK (re)insurers are consulting on a proposal to create two state-backed cyber (re)insurance schemes which...
Berenberg estimates Hiscox Baltimore bridge exposure at $30mn-60mn
Hiscox is likely to face exposure in the range of $30mn-$60mn following the collapse of the Francis Scott Key Bridge in Baltimore, according to...
Hiscox is likely to face exposure in the range of $30mn-$60mn following the collapse of the Francis Scott Key Bridge in Baltimore, according to...
Article / 1 hour ago
Property market braces for $200mn+ Dollar Tree loss after direct tornado hit
Underwriters are expecting losses from the direct tornado hit on the Dollar Tree distribution centre in Marietta, Oklahoma to exceed $200mn, with...
Underwriters are expecting losses from the direct tornado hit on the Dollar Tree distribution centre in Marietta, Oklahoma to exceed $200mn, with...
Article / 1 day ago
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 / 5 days 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 / 5 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 / 7 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 / 18 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 / 25 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 / 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 / 1 month 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