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Property

 

 

Verisk launches database of US data centres

Database maps the geolocation, footprint and capacity of US data centres to help re/insurers map exposures

Property Casualty

Arbol creates suite of California wildfire covers

Insurtech’s head of wildfire risk explains why California wildfire demands an ‘all-of-the-above’ approach to risk

Property Climate change

Verisk raises modelled global annual cat loss to $171bn

Climate change, more extensive urbanisation and inflation drive increase in modelled loss

Hurricane Season North America

Perils pegs Europe SCS insured losses at €2.2bn

Loss aggregator says magnitude of loss is ‘striking’

Property Losses

California drops plans to end insurance subrogation

Proposed law would ban ceding subrogation rights to third parties

Regulation Property

Nepal infrastructure damage tops $1bn, minister says

Glacial collapse triggers floods and landslides, killing hundreds

Property Nepal

Kazakhstan considers easing rules for foreign insurers

Policymakers plan to liberalise access by foreign insurers to increase competition as part of wider reform programme

Regulation Property

Insurers in the crossfire of fast changing sanctions regimes

The expansion of sanctions has complicated re/insurers’ and brokers’ activities and dramatically increased costs

Reinsurance Regulation

California lawmakers oppose plan to end subrogation

Insurers rally against plan in letter to Governor Newsom

Property United States

Marsh launches insurance exchange for data centre operators

Stratus offers property capacity of up to $10m for operators of digital infrastructure

Property United States

I-Re relaunches captives proposition

Captive specialist targets ‘underserved’ US mid-market with reframed proposition

Lloyds United States

Ethiopian farmers receive insurance boost

EIB Global and World Food Programme expand climate-risk insurance for Ethiopian smallholder farmers

Ethiopia Climate change
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