Lloyd’s has seen underwriting profits slip on the back of major claims of £2.1bn last year.
Natural catastrophes and man-made disasters in 2016 resulted in insured losses of $54bn (£43bn), an increase of 46%, according to Swiss Re's latest Sigma study.
Global insured natural catastrophe losses totalled $39.5bn (£31.3bn) in 2016, the highest market losses since 2012’s $60bn, according to Willis Re.
Losses caused by severe weather outbreaks in the United States have exceeded $1bn (£800m) in January, according to the latest Aon catastrophe report.
Munich Re has seen full year profits decline by 16% owing to storm and earthquake claims in the last quarter.
The London market must be prepared for a major loss event according to Robert Childs, chairman of Hiscox.
The London market has sufficient resilience to withstand a $200bn (£160bn) loss caused by two major events over a two week period, according to a stress test conducted by an industry steering group.
With insured losses totalling $54bn (£44bn), global natural disasters in 2016 combined to cause the highest economic losses in four years, according to a new report from Aon Benfield.
Catastrophe data firm Perils said flooding linked to storms Eva and Frank caused insured losses of £504m.
Nine months into the job, Cunningham Lindsey’s newly appointed CEO of UK and International, talks about a career spent on the move, and the need to keep your head above water in those sink or swim moments.
The estimated insured property market losses for Storm Desmond comes in at £604m, according to catastrophe modelling firm Perils.
Though clearly a massive humanitarian impact event, Wednesday’s earthquake in central Italy will not lead to significant losses for insurers, risk modelling firm RMS said.
He's a CEO with £24m burning a hole in his pocket but Charles Taylor boss David Marock isn't in a great hurry to spend it.
In the wake of Storm Desmond, loss adjusters have been using drones to provide an aerial view of the flood-stricken areas. They've started only recently experimenting with the technology and, initially, there was a school of thought that it's a ‘nice to…
The best way to handle a major loss is to adopt an outcome-driven approach, says Jeff Hosking, head of major damage claims at RSA. In the future, major losses will increasingly have an international dimension, he predicts, also forecasting that insurers…
More than doubling your workforce pretty much overnight would cause some people a degree of panic, but not Chris Voller, head of claims for Axa Insurance.
Claims management in the corporate space needs a tailored and clearly communicated approach, so how can insurers and brokers eradicate the grey areas to deliver this successfully?
Post editor Stephanie Denton reveals the third chapter of her epic kitchen floor leakage saga...
In the wake of the tragic crash of Virgin Galactic's SpaceShipTwo, the insurance of space travel has been headlining global news.
How much would the insurance claim for the Downton Abbey fire have been? Crawford & Company's UK Major Loss team calculates the cost of small screen disasters.
Professor James F Lygate of IFIC Forensics takes a look back at maritime disasters of the past to learn lessons for the future
Increased data availability may have transformed business interruption cover, but the sector still has much work to do in improving communication, clarity and policy wordings
Following the riots in 2011 there was considerable discussion in the media and with government ministers about the response of insurers, the performance of the claims industry and indeed the relevance and application of the Riot Damages Act.
Total economic losses from natural catastrophes and man-made disasters reached $44bn (£26.5bn) in the first half of 2014, according to preliminary estimates from Swiss Re’s Sigma database.