Property
Illinois bills would allow regulator to quash rates
NAMIC and APCIA object to bills, which state governor pledges to sign
1-in-100 year uninsured US residential property exposure surpasses $375bn
Moody’s analysis highlights widening gap between growing flood risk and insurance coverage, with risk most concentrated in Southeastern coastal areas
Global P&C premium growth slows in 2025
Property and casualty insurance premiums grew by 3.8% to €2.32bn last year, Allianz report finds, as pricing normalises after boom years
UIB hires head of international property
Lloyd’s broker hires Linden Vytelingum from Willis
Perils lowers loss estimate for Australia’s November storms to A$2.94bn
Latest figure, which covers property and motor hull lines of business, is slightly lower than loss aggregator’s second estimate
Nat cats imperil 56% of planned US data centres
Nearly $800bn of US data centre investment exposed to storms, hurricane and quake risk, MS Amlin analysis reveals
Storms cause another nine-figure loss week in US
Hurricane-force winds recorded in several locations
NOAA says ‘below-normal’ Atlantic hurricane season likely
El Niño may intensify Pacific season while breaking up Atlantic storms
Construction guarantees are subject to the South African Insurance Act
South African court ruling settles long-contested question about whether construction guarantees constitute non-life insurance policies
Tokio Marine Holdings reports record profit
Japanese insurance conglomerate expects to ‘redeploy’ over JPY10bn into M&A over the next 12 to 18 months
Moody’s uses AI tool to reveal hidden property storm risk
Half of US properties analysed saw modelled losses rise by more than 15% when AI-enhanced aerial data applied
European MGAs look to AI to support growth ambitions
At last week’s MGA Rendezvous in Barcelona, the delegated authority market discussed growth opportunities in Europe and the opportunities created by AI
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