Last week's devastating attack on Moscow's Crocus City Hall is insured by Russian state-backed insurer In...
The New Normal: $100 Billion in Insured Nat Cat Damages
For the fourth consecutive year 2023 saw a global insured loss exceeding US$100 billion, however with a total economic loss surpassing US$350 billion...
For the fourth consecutive year 2023 saw a global insured loss exceeding US$100 billion, however with a total economic loss surpassing US$350 billion...
PR / 2 months ago
Number of Billion-Dollar Disasters in 2023 Highest on Record
Insured losses reached $118 billion, with a protection gap of 69 percent...
Insured losses reached $118 billion, with a protection gap of 69 percent...
PR / 2 months ago
Guy Carpenter Global ROL Index increased by an estimated 5.4% year-on-year.
Notable regional calculations include the US index increasing by 5.25% and Europe slightly higher at 7.6%...
Notable regional calculations include the US index increasing by 5.25% and Europe slightly higher at 7.6%...
PR / 3 months ago
Reinsurance market returns to more stability and predictability at 1/1 renewal
The global reinsurance market returned to a more stable and predictable renewal at 1/1, driven by a healthier property reinsurance market...
The global reinsurance market returned to a more stable and predictable renewal at 1/1, driven by a healthier property reinsurance market...
PR / 3 months ago
Challenges and Opportunities in the Commercial Insurance Marketplace: A Year in Review and the Road Ahead
According to the latest Insurance Marketplace Realities report from WTW inflation continues to impact commercial insurance rates...
According to the latest Insurance Marketplace Realities report from WTW inflation continues to impact commercial insurance rates...
PR / 4 months ago
Property Catastrophe Reinsurance Market Dynamics to Slow in 2024
Reinsurance rate increases for property catastrophe business are likely to slow to below 10% on average when contracts are renewed in January 2024, Fitch...
Reinsurance rate increases for property catastrophe business are likely to slow to below 10% on average when contracts are renewed in January 2024, Fitch...
PR / 4 months ago
Moody's RMS Estimates Insured Losses from Windstorm Ciarán Will Likely Range Between 0.9 Billion Euro to 1.5 Billion Euro
France accounts for the majority of the loss....
France accounts for the majority of the loss....
PR / 5 months ago
TMK's Property and Cyber teams top London's Leading Underwriter Report 2023
TMK’s Property team has been voted the leading team for the third year in a row, while TMK’s Cyber team tops the list of teams by a significant margin this year...
TMK’s Property team has been voted the leading team for the third year in a row, while TMK’s Cyber team tops the list of teams by a significant margin this year...
PR / 8 months ago
REOR20 wins inaugural Lloyd’s Europe Insurance Innovation Competition to combat European protection gaps
REOR20 took the prize for its entry on addressing European protection gaps with a breakthrough Artificial Intelligence system for flood risk understanding and mitigation...
REOR20 took the prize for its entry on addressing European protection gaps with a breakthrough Artificial Intelligence system for flood risk understanding and mitigation...
PR / 9 months ago
BMS Re supercharges global facultative practice launch with prominent property hires
BMS announced the appointment of Steve Housse as managing director and facultative practice lead and Dan Shea as senior vice president of property facultative...
BMS announced the appointment of Steve Housse as managing director and facultative practice lead and Dan Shea as senior vice president of property facultative...
PR / 9 months ago