Natural catastrophes (Nat Cats)
Swiss Re CEO urges ‘prevention over cure’ for climate risk
Swiss Re group CEO Andreas Berger has called for an industry-wide shift in the approach to climate risk.
Closing Europe’s natural catastrophe protection gap
Trade Voice: Typhaine Beaupérin, CEO of the Federation of European Risk Management Associations, appraises recent proposals for a continent-wide scheme to boost the provision of natural catastrophe cover.
21 businesses vie for a place in latest cohort for Lloyd’s Lab
The Lloyd’s Lab held a pitch day for its 14th cohort earlier this week, with 21 businesses vying for a spot in the 10-week accelerator programme.
Price of motor and flood reinsurance falls for UK insurers
Ample reinsurance capacity meant UK insurers buying reinsurance cover during the busy 1 January renewal period enjoyed price reductions in some cases, according to a Gallagher Re report.
Big Interview: Paul Brand, Convex
Paul Brand, group CEO of Convex, sits down with Harry Curtis to discuss the insurer and reinsurer’s plans to hit and surpass $5bn GWP, the difficulties of technology adoption, and why he thinks current market conditions are “brittle”.
ICEYE insurance head reveals plans for nat cat solutions
Stephen Lathrope, global head of insurance at space technology company ICEYE, has outlined the company’s plan to provide solutions targeted at a range of natural catastrophe perils.
Over half of risk managers think key risks are set to become uninsurable
More than half of risks managers believe that some of the key business activities and locations are set to become uninsurable, a survey by the Federation of European Risk Management Associations has found.
Hurricane Milton insured losses to run into the tens of billions
The insurance industry is likely to suffer losses of tens of billions of dollars from damage inflicted by Hurricane Milton last week, according to early estimates.
Lloyd’s to ramp up business oversight to avoid past ‘mistakes’
Lloyd’s will increase its oversight of delegated and legacy business to avoid squandering the gains of recent remediation efforts, chief underwriting officer Rachel Turk has said.
Reinsurers told they cannot ‘run from risk’
Reinsurers have been urged by Aon to “lean into risk” to protect the relevance of the broader insurance industry.
Allianz’s Côté on the insurer of the future
View from the Top: Nadia Côté, UK managing director of Allianz Commercial, outlines how changing customer needs, new technology and emerging risks will shape insurers over the next decade.
Q&A: Daniel Grimwood-Bird, McKenzie Intelligence Services
Daniel Grimwood-Bird, head of sales and marketing at McKenzie Intelligence Services, shares how the provider of geospatial data and analytics plans to insurance industry plans to make it big in the UK and US.
Q&A: Mona Barnes, Aon
Tom Luckham sits down with Aon’s chief claims officer Mona Barnes to discuss her new role, her career history and her plans for claims at Aon.
Lloyd’s to up cyber and nat cat scrutiny as market grows
Lloyd’s has laid out its approach to managing cyber and natural catastrophe risk, as the market presses on with plans to grow and build on the profits it made in 2023.
Beazley CEO hails ‘standout year’ for property underwriting
Beazley CEO Adrian Cox has labelled property risks as one of the insurer’s “biggest long-term opportunities”, saying that underwriting conditions increasingly favour the specialty market.
Concern over workplace and political risks rises in the UK ahead of global trends
UK risk professionals are more likely to see the shortage of skilled workers, political risks and risks associated with new technologies as pressing concerns than their global peers, according to the Allianz Risk Barometer.
60 Seconds With... Woodgate & Clark’s Glyn Brookes-Humphrey
Glyn Brookes-Humphrey, director of regional operations at Woodgate & Clark, reveals he would love to be a hunchback lawyer in Tudor times and why he doesn’t take anything or anyone for granted.
Red Cross pleads insurers to back humanitarian insurance approach
During its London Summit, The International Federation of Red Cross and Red Crescent Societies has appealed for more insurers to support its insurance mechanism, as funding for humanitarian needs reaches an all time high.
Travelers Europe’s CEO on the current complexity facing insurers
View from the top: Matthew Wilson, CEO of Travelers Europe, says one of the key issues facing insurers today is the multitude of challenges they are juggling simultaneously.
Climate change not primarily responsible for rising nat cat claims at Lloyd’s
Climate change will “amplify” other factors that increase natural catastrophe claims but are not the main driver of the upward trend observed in recent years, according to Lloyd’s.
Reinsurers’ share of nat cat losses shrinks as profits rise
The proportion of total industry natural catastrophe losses taken by reinsurers has fallen in recent years, with primary insurers retaining more risk.