A significant P&I claim that may trigger the International Group of P&I Clubs reinsurance arrangements is...
Weathering the Storm
Insurers expect to pay out an estimated £560 million to help customers who suffered damage caused by recent Storms Babet, Ciaran and Debi that struck in October and November according to figures out today from the...
Insurers expect to pay out an estimated £560 million to help customers who suffered damage caused by recent Storms Babet, Ciaran and Debi that struck in October and November according to figures out today from the...
PR / 4 months ago
U.S. Commercial Auto Insurance Profits Struggle Amid Inflation, Litigation
Fitch Ratings expects the U.S. commercial auto insurance segment to remain unprofitable in 2023, with rising claims severity from inflation and burgeoning...
Fitch Ratings expects the U.S. commercial auto insurance segment to remain unprofitable in 2023, with rising claims severity from inflation and burgeoning...
PR / 6 months ago
Moody's RMS Estimates USD 4 to 6 Billion in Economic Losses from Hawaii Wildfires
The loss estimate reflects property damage, contents, and business interruption, across residential, commercial, industrial, automobile, and infrastructure assets....
The loss estimate reflects property damage, contents, and business interruption, across residential, commercial, industrial, automobile, and infrastructure assets....
PR / 7 months ago
Keeping motorists mobile - motor insurers payouts up 14% over the last year
Motor insurers paid out £2.4 billion in motor claims in the first quarter of this year, up 14% on the same quarter last year according to our latest data. This was the highest...
Motor insurers paid out £2.4 billion in motor claims in the first quarter of this year, up 14% on the same quarter last year according to our latest data. This was the highest...
PR / 10 months ago
Above inflation costs for insurers continue to put pressure on motor insurance premiums
Average price paid for motor insurance up by 2% in the first quarter of this year to £478, as insurers facing above inflation cost increases....
Average price paid for motor insurance up by 2% in the first quarter of this year to £478, as insurers facing above inflation cost increases....
PR / 11 months ago
RPC advises Markel on £200m UK motor LPT transaction with Marco Capital
The LPT transaction involves UK motor insurance claims, providing cover of up to £200m in claims reserves This deal is the twelfth in a recent series of significant...
The LPT transaction involves UK motor insurance claims, providing cover of up to £200m in claims reserves This deal is the twelfth in a recent series of significant...
PR / 1 year ago
Italian Motor Insurers’ Price Rises Outpaced by Claims Inflation
Italian motor insurance underwriting profitability is deteriorating due to insurers’ inability to raise prices enough to keep pace with claims inflation,...
Italian motor insurance underwriting profitability is deteriorating due to insurers’ inability to raise prices enough to keep pace with claims inflation,...
PR / 1 year ago
Introducing our new leading-edge motor claims partner, MPL
After reviewing our claims service and listening to your feedback, we're delighted to announce that MPL Claims Management Limited will be our new claims partner from 1 st January 2023....
After reviewing our claims service and listening to your feedback, we're delighted to announce that MPL Claims Management Limited will be our new claims partner from 1 st January 2023....
PR / 1 year ago
Newslink Global Insurance Trends
This week, with the COP26 Summit in Glasgow looming, there was an emphasis on climate initiatives...
This week, with the COP26 Summit in Glasgow looming, there was an emphasis on climate initiatives...
PR / 2 years ago
Newslink Global Insurance Trends
This week, according to a new Swiss Re Institute research report, a segment of 45 million consumers across six markets view...
This week, according to a new Swiss Re Institute research report, a segment of 45 million consumers across six markets view...
PR / 2 years ago