Property
Verisk launches database of US data centres
Database maps the geolocation, footprint and capacity of US data centres to help re/insurers map exposures
Arbol creates suite of California wildfire covers
Insurtech’s head of wildfire risk explains why California wildfire demands an ‘all-of-the-above’ approach to risk
Verisk raises modelled global annual cat loss to $171bn
Climate change, more extensive urbanisation and inflation drive increase in modelled loss
Perils pegs Europe SCS insured losses at €2.2bn
Loss aggregator says magnitude of loss is ‘striking’
California drops plans to end insurance subrogation
Proposed law would ban ceding subrogation rights to third parties
Nepal infrastructure damage tops $1bn, minister says
Glacial collapse triggers floods and landslides, killing hundreds
Kazakhstan considers easing rules for foreign insurers
Policymakers plan to liberalise access by foreign insurers to increase competition as part of wider reform programme
Insurers in the crossfire of fast changing sanctions regimes
The expansion of sanctions has complicated re/insurers’ and brokers’ activities and dramatically increased costs
California lawmakers oppose plan to end subrogation
Insurers rally against plan in letter to Governor Newsom
Marsh launches insurance exchange for data centre operators
Stratus offers property capacity of up to $10m for operators of digital infrastructure
I-Re relaunches captives proposition
Captive specialist targets ‘underserved’ US mid-market with reframed proposition
Ethiopian farmers receive insurance boost
EIB Global and World Food Programme expand climate-risk insurance for Ethiopian smallholder farmers
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