News

  • Perils increases Italy's Emilia-Romagna flood insured loss estimate by 30%

    22 August 2023

    Total economic losses from the flooding in are estimated at €9bn

  • Cannabis insurance still among the weeds

    22 August 2023

    Joint underwriting associations are one solution, says NAIC

  • AM Best: global reinsurers remain well capitalised

    21 August 2023

    It expects reinsurers to generate underwriting profits that had previously been elusive

  • Tropical storm Hilary wreaks havoc in southern California

    21 August 2023

    Hilary made landfall on the coast of Mexico yesterday and around 26m people are now under flood warnings

  • IAG oversteps natcat budget again, boosts next allowance by 26%

    21 August 2023

    One-fifth of premiums now covering reinsurance costs and perils allowance

  • US flood market topped $4bn in 2022 as private insurance share grows

    18 August 2023

    Private insurers now 32% of market as NFIP challenges continue, says the Insurance Information Institute

  • H1 bulk annuity volumes surpass £20bn

    18 August 2023

    The volumes exceed the previous record of £17.6bn set in 2019

  • Geoff Gittins becomes Manulife Asia CRO after Aravind Srinivas departure

    18 August 2023

    Srinivas returned to Munich Re for a second spell earlier this week

  • Aegon gives shareholders more control in Bermuda bid

    18 August 2023

    Owners will vote in September on proposal to move Dutch group's regulatory seat

  • Allstate settles $90m fraud allegation lawsuit

    18 August 2023

    Shareholders allege insurer reduced underwriting standards to increase growth