Property
Axis Capital and Stone Point launch casualty reinsurer
Monarch Point Re is a collateralised reinsurer with initial capital of $400m
Progressive plans to non-renew 100,000 Florida homeowners' policies
The policies in question include 53,000 high-risk homeowners exposed to hurricanes, floods and other natural disasters
NFIP survives as US Congress approves short-term spending bill
The bill gives lawmakers 45 days to come up with a compromise plan for funding for the government's new fiscal year
Insurance increasingly recognised as a climate risk tool: Swiss Re
More public-private partnership schemes are coming to market and they are becoming more sophisticated, the European head of the reinsurer’s Public Sector Solutions practice says
Viewpoint: Claims data is becoming a major focus for the insurance industry
The rise of data-led insights underscores the importance of analytics in navigating the ever-complex nature of risk
Inflation drives $100bn increase US motor claims over 10 years
Personal motor liability losses have grown faster than premiums, study finds
Nationwide drops 10,000 home customers in North Carolina
US insurance and financial services group seeks to reduce its hurricane exposure
US convective storm losses hit record $50bn in 2023
This year has already seen 17 individual billion-dollar insured loss events and nine multi-billion-dollar events
Hiscox agrees to sell DirectAsia motor operations
Sale of motor business in Singapore and Thailand part of strategy to focus on core markets
Iprism acquires property MGA
The specialist MGA has acquired SK Underwriting for an undisclosed sum
Viewpoint: IoT is a flood mitigation game-changer
The application of internet of things sensors allows for accurate flood forecasts and real-time data analysis
Tropical Storm Ophelia slams US east coast
States of emergency declared in North Carolina, Virginia and Maryland, as heavy rains caused widespread flash flooding
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