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Property

 

 

Low-severity storms to cost insurers $60bn in 2023 : Swiss Re

Severe thunderstorms were the main contributor to losses, the reinsurer says

International Property

Verisk names Newbold president of Extreme Event Solutions

Executive succeeds Churney at helm of catastrophe modelling business

United States Property

AM Best maintains stable outlook for US commercial lines

Rating agency cites ‘persistently strong’ underwriting results amid substantial economic and capital markets volatility

United States Casualty

Hamilton to focus new capital on property reinsurance

Bermuda carrier’s executives plan to deploy the proceeds of the recent IPO ‘as quickly as possible’

Bermuda Hamilton

Rela launches global property service

Renewables-focused loss adjuster launches service for non-delegated and TPA market

London Property

European mutual and co-operative market reports record premiums

The market reports total premiums of €509bn in 2022, driven by non-life growth of 4.9%

Europe Property

Insurance 'cannot be an afterthought' in climate discussions

Insurance will play a pivotal role in climate mitigation and adaptation, California’s insurance commissioner, Ricardo Lara, says

International Property

AM Best maintains negative outlook on US personal lines

Persistently high loss costs means a return to underwriting profitability for the segment over the near term appears highly unlikely, rating agency warns

United States Casualty

Alliant launches consumer platform

US broker’s consumer business now places more than $6bn in premiums annually

United States Casualty

Babet loss could reach €509m: Perils

The majority of losses occurred in the UK, according to loss aggregator 

Europe Property

Hillary Clinton calls for insurance reform at Cop28

The former US secretary of state warns insurers against shirking responsibility for providing climate risk cover

Climate change International

California court upholds expanded cover from last resort insurer

Requirement to offer wide cover not contrary to the ‘express goals’ underlying the Fair Plan Act

United States Property
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