News

Insurance

Private flood insurers needed to solve NFIP challenges long-term

Market share growth among private flood insurers has stagnated: AM Best.   8 October 2024

Insurance

Hurricane Milton slams Florida as Category 3, weakens after landfall

The storm’s centre will cross central Florida and reach the east coast by sunrise.   10 October 2024

Insurance

Milton, Helene to hit Florida property re/insurers hard; 1/1 renewals in jeopardy

1/1 renewals for property reinsurance programmes could be ‘more problematic’, analysts warn.   10 October 2024

Insurance

Demand for cyber insurance to grow after high-profile attacks

Beazley sees 18% yoy growth for cyber cover in 2024–2030; others also see rising demand.   8 October 2024

Technology

Cyber insurance poised for ‘real growth’ in US and Europe: BI

Cyber insurer market demand may rise as new threats emerge.   7 October 2024

Insurance

Amwins targets atmospheric flood protection in California with Floodbase

Atmospheric river flooding becoming ‘just as costly’ as North Atlantic hurricanes.   9 October 2024

Insurance

US casualty loss costs have market ‘nervous’

Rising loss costs have insurers and reinsurers on edge, with E&S lines surging past 20% in several states.   8 October 2024

Insurance

Charles Taylor appoints new managing director of Canada

Appointee currently serves as global head of strategy and business development.   8 October 2024

Reinsurance

Price Forbes Re launches in US financial lines with Gallagher Re hire, eyes further expansion

Its North America CEO hopes to earn $65m in brokerage income by 2028.   8 October 2024

Reinsurance

Addressing secondary perils, regulatory environments, and casualty cycles with US reinsurers

The industry's future lies in data-driven, tailored approaches: Howden Re.   8 October 2024

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