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Property

 

 

Lloyd’s calls for market discipline amid ‘brutal’ renewals

Chief of markets says underwriters must take steps to manage the cycle now to avoid ‘broader scale action’ as market turns

Property Lloyds

Early May US storms produce nine-figure losses: Aon

Severe convective storms struck the south-central and southeastern US between May 8 and 10

United States Property

Chemical operators face high-stake risks

Engineering-led risk assessment is critical for chemical operators to proactively identify vulnerabilities

Viewpoint Property

Dual Europe targets geographic and product expansion

Diversification and innovation key for growth, managing general agent’s chief executive says

Distribution Casualty

Perils raises Nils loss estimate to nearly $767m

Nils struck southern France in February, causing extensive wind damage and avalanches

Property Losses

Willis launches carbon capture and storage insurance solution

New offering includes liability, environmental and business interruption protections tailored to carbon capture and storage risks

Decarbonisation Risk Management

Conduit Re increases GWP by 4.5% in Q1

Bermuda-based reinsurer’s growth was driven by casualty lines where premiums increased by 23%

Reinsurance Bermuda

Insurance leaders say AI biggest tech change in sector

But the technology will not lead directly to workforce reduction, chief executives say

Technology Markel

US government urged to move NFIP policies to private market

Advisory panel calls for national flood insurance clearinghouse with mandatory depopulation

Property United States

Why UK motor risk could start looking like aviation

UK’s incoming autonomous vehicles regime means autonomous fleets may start to look less like traditional motor insurance risks and more like an aviation-style systemic exposures

Legal focus Casualty

Hannover Re P&C profits surge in Q1 on lower large losses

German reinsurance giant reports ‘minimal’ loss notifications from Middle East conflict

Property Reinsurance

Dry spring stokes wildfire fears across Western US

Lack of snowfall means plenty of fuel for wildfires, especially in California and interior Southwest, experts warn

Property United States
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