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Viewpoint: Extreme weather and the path to clean energy

Climate change brings a wide array of challenges and opportunities for the insurance industry

North America International

Perils increases Babet losses to €691m

The majority of insured losses occurred in the UK, loss aggregator says

Europe Property

London market outlook upgraded by AM Best

Ratings agency raises forecast from ‘stable’ to ‘positive’ amid 'strong' pricing environment

London Reinsurance

Arbol launches Louisiana coastal insurer in Louisiana

US climate risk intermediary launches Lilypad with acquisition of Applied Underwriters units

United States Property

Tokio Marine units join exodus from California market

Trans Pacific Insurance and Tokio Marine America Insurance will begin sending non-renewal notices on July 1

United States Casualty

Reinsurers brace for commercial property and engineering losses from Dubai floods

Continued flooding could force up premiums and reinsurance costs, AM Best warns

United Arab Emirates Property

Allstate tallies $731m in Q1 catastrophe losses

US property/casualty group books $328m of pre-tax catastrophe losses during the month of March

United States Allstate

Travelers sees no immediate return to Florida homeowners' market

US insurance giant will continue to evaluate the Florida market, chief executive says

United States Travelers

Munich Re Specialty appoints McKernan to senior property role

McKernan will lead property underwriters overseeing public entities and not-for-profit companies

Munich Re Property

Insured natural catastrophe losses hit $20bn in Q1: Gallagher Re

Losses for the first quarter of 2024 are 10% above the 10-year average, broker says

North America International

Iran attack unlikely to have an impact on insurers: S&P Global

European re/insurers carry ‘relatively immaterial’ liabilities in Israel, rating agency says

Middle East and Africa Europe

Insurance needed to boost climate resilience: IMF

International Monetary Fund says investments are especially needed for regions most vulnerable to climate shocks

International Climate change
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