News

Insurance

Swiss Re is committed to developing a private flood market

Flood models have improved dramatically but a challenge is around educating insurers that this risk is insurable.   7 November 2023

Insurance

Hiscox retains A+ rating despite recent losses

AM Best said it has a strong track record of earnings.   6 November 2023

Insurance

Markel hires AIG exec into digital role

It has appointed digital & portfolio executive.   6 November 2023

Insurance

Miller taps Lockton for new financial lines lead in Asia

The recruit has also worked for JLT, Willis and Price Forbes.   6 November 2023

Insurance

Rokstone bolsters marine team, eyes $100m goal

It has hired underwrites from Liberty and Starr Insurance.   6 November 2023

Insurance

Hard market should last at least another year

Reinsurers need to deliver double-digit returns even when a Hurricane Ian-sized catastrophe strikes in order to prove the market is sustainable, says IQUW’s Rene Lamer.   6 November 2023

Insurance

The US P/C industry faces growing headwinds: APCIA report

Ever-increasing challenges from claims cost and expense increases, extreme weather events, legal system abuse, continue to have significant negative financial consequences for insurers.   6 November 2023

Insurance

Insurers could return to underwriting profit on homeowners policies, says Aon

A falling inflation rate and stable claims should lead to underwriting profit by 2025, according to a new report from the broker.   6 November 2023

Insurance

2023 will be the year of the retained loss: Aon

2023 has seen 31 insured losses globally of more than $1 billion—yet there have been no losses higher than $7 billion.   6 November 2023

Insurance

Banks are using insurance models to assess risk

Use of insurance models by banks could lead to their demanding borrowers build more climate-resilient structures: Moody’s RMS.   6 November 2023

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