The bridge disaster added 6.3pts points to the company's overall CoR in Q1....
Insurer in Full: (Re)insurers guide towards manageable Baltimore bridge claims impact amid ongoing uncertainty over losses
One of the key takeaways from Q1 reporting to date has been efforts by (re)insurers to reassure investors over expected Baltimore bridge impacts...
One of the key takeaways from Q1 reporting to date has been efforts by (re)insurers to reassure investors over expected Baltimore bridge impacts...
Article / 1 day ago
A.M. Best: Social Inflation Key Factor in Rise of Loss Severity
Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other factors are...
Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other factors are...
Article / 2 days ago
Berkshire's Jain on Cyber: ‘The Mindset Should Be You're Not Making Money'
While describing cyber insurance as a “fashionable” and profitable business, Berkshire Hathaway's head of insurance operations said aggregation and loss costs have...
While describing cyber insurance as a “fashionable” and profitable business, Berkshire Hathaway's head of insurance operations said aggregation and loss costs have...
Article / 8 days ago
Navigating the Aftermath: The MV Dali Bridge Collision
The incident appears to have been related to an electrical power failure on the vessel...
The incident appears to have been related to an electrical power failure on the vessel...
Article / 11 days ago
Social inflation will drive P&C (re)insurers to raise prices
“We expect social inflation to continue, and insurers to respond by building higher expected losses into their policies, raising prices and boosting reserves,” says Jasper Cooper, CFA, VP-Sr Credit Officer at Moody’s Ratings...
“We expect social inflation to continue, and insurers to respond by building higher expected losses into their policies, raising prices and boosting reserves,” says Jasper Cooper, CFA, VP-Sr Credit Officer at Moody’s Ratings...
PR / 12 days ago
Detecting renewables losses before they happen raises some tricky questions for insurers.
Energy producers may use Condition Monitoring Systems to detect potential failures years in advance. What are the insurance implications?...
Energy producers may use Condition Monitoring Systems to detect potential failures years in advance. What are the insurance implications?...
Article / 14 days ago
PV rates stagnant in Israel despite rising tensions and risk of net losses
Israel exposure has thrown inwards-outwards PV coverage mismatches to the fore again....
Israel exposure has thrown inwards-outwards PV coverage mismatches to the fore again....
Article / 14 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 / 15 days ago
Market is initially divided over Pool Re parametric state-backed cyber proposal
The goal is to narrow the cyber protection gap, strengthening UK resilience...
The goal is to narrow the cyber protection gap, strengthening UK resilience...
Article / 15 days ago
Q1 Global Catastrophe Recap April 2024
The first quarter of 2024 saw several notable disaster events, which drove total year-to-date economic losses above $45 billion...
The first quarter of 2024 saw several notable disaster events, which drove total year-to-date economic losses above $45 billion...
Report / 15 days ago
