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
Early May US storms produce nine-figure losses: Aon
Severe convective storms struck the south-central and southeastern US between May 8 and 10
Chemical operators face high-stake risks
Engineering-led risk assessment is critical for chemical operators to proactively identify vulnerabilities
Dual Europe targets geographic and product expansion
Diversification and innovation key for growth, managing general agent’s chief executive says
Perils raises Nils loss estimate to nearly $767m
Nils struck southern France in February, causing extensive wind damage and avalanches
Willis launches carbon capture and storage insurance solution
New offering includes liability, environmental and business interruption protections tailored to carbon capture and storage risks
Conduit Re increases GWP by 4.5% in Q1
Bermuda-based reinsurer’s growth was driven by casualty lines where premiums increased by 23%
Insurance leaders say AI biggest tech change in sector
But the technology will not lead directly to workforce reduction, chief executives say
US government urged to move NFIP policies to private market
Advisory panel calls for national flood insurance clearinghouse with mandatory depopulation
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
Hannover Re P&C profits surge in Q1 on lower large losses
German reinsurance giant reports ‘minimal’ loss notifications from Middle East conflict
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
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