"These kinds of 'black swan' events are not actually as rare as the industry would like"...
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 / 3 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 / 3 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 / 4 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 / 4 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 / 5 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 / 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 / 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 / 10 months ago
Reinsurance market continues to recalibrate at mid-year 2023 renewals
Catastrophe bond market is experiencing record highs for issuance and total outstanding notional amount for first half of the year....
Catastrophe bond market is experiencing record highs for issuance and total outstanding notional amount for first half of the year....
PR / 10 months ago
Climate-Attributed U.S. Hurricane Losses to Increase by at Least 10 Percent Over 20 Years Under Selected Scenarios
Aon’s Academic Collaborations Deliver Actionable Climate Insights to Broad Range of Stakeholders...
Aon’s Academic Collaborations Deliver Actionable Climate Insights to Broad Range of Stakeholders...
PR / 10 months ago