The final insurance bill for natural catastrophes over 2017 is expected to come to $135bn (£99.6bn) – higher than ever before, according to Munich Re.
Lloyd’s carrier Neon has launched the first Insurance Linked Securities vehicle in the UK, NCM Re and raised third party capital to support the UK’s first ILS transaction.
Climate change (and its deniers)
CEO, Lloyd's of London
President and CEO, MS & AD Holdings
Senior vice-president of group and president for Europe, Chubb
Water resilience can reduce the trauma and cost of restoring a flooded property, writes Roy Shevlin, building consultancy services director at Cunningham Lindsey.
Maurice Tulloch, CEO of international insurance at Aviva, explains why and how the industry should encourage a global race to sustainability.
Total global insured losses in 2017 are expected to reach $136bn (£101.3bn), the third highest on record.
Lloyd’s carriers have added £3bn in capital in the wake of natural disasters in 2017.
John Eves has replaced Jonathan Clarke as president of the Chartered Institute of Loss Adjusters. Eves will balance his new responsibility alongside his role as managing director of Irish loss adjusting firm, Thornton & Partners. The new Cila president,…
Powerful Typhoon Hato cost insurers in Macau nearly $400m (£298m), almost one and a half times the annual gross premium for the small market. Nicky Burridge takes a closer look.
Solidum Re has successfully completed the first two secondary market ILS trades on a blockchain.
The Lloyd’s market has paid claims worth $1.7bn in response to windstorms Harvey, Irma and Maria.
Improved pricing for London Market insurers in 2018 may not be enough to relieve the pressure on underwriting results from high expenses and lower reserve releases, according to Fitch Ratings.
Recent natural catastrophe activity across the Atlantic has sped up Ascot’s expansion plans, the group's CEO told Post.
Catastrophe loss analysts Perils has pegged the market loss for Ex-Hurricane Ophelia which battered the coast of Ireland, at €60m.
Thousands of holidaymakers are stranded on the Indonesian island of Bali today as the authorities closed the only airport.
A comprehensive study has suggested Australia's natural disaster costs are going to become a lot worse in the future.
Prices in non-life insurance and reinsurance are expected to increase as a result of the recent nat cat activity across the Atlantic, Swiss Re has said.
MS Amlin owner MS&AD Insurance Group could see losses of over $972m (£734m) as a result of second quarter nat cat losses including hurricanes Harvey, Irma and Maria as well as earthquakes in Mexico.
Zurich-based nat cat data firm Perils has given its initial loss estimate for extra-tropical Cyclone Xavier which hit Germany on 5 October.
On-demand field inspection and verification firm We Go Look is planning to firmly establish its presence in the UK market next year.
Global insurer Zurich is expecting rates to increase for commercial lines helping the firm meet its financial objectives.