News

• Insured losses from Maui wildfires to total at least $1bn

  15 August 2023

  Moody's Investors Services said the losses will primarily affect P&C insurers

• Vesttoo starts Chapter 11 bankruptcy proceedings

  15 August 2023

  Firm says move will give it breathing room to pursue legal actions

• Insurance sector takes a reputational hit from Vesttoo crisis

  14 August 2023

  Rating agency KBRA emphasises the importance of ERM for the fronting industry

• KCC predicts second largest insured loss for Hawaii from Lahaina fire

  14 August 2023

  The catastrophe modelling firm said 3,500 buildings are within the blaze's perimeter

• Australia faces home insurance affordability pressure as premiums rise 50%

  14 August 2023

  The Actuaries Institute commissioned research on the issue

• External factors led directly to Vesttoo crisis, says interim CEO

  11 August 2023

  Ami Barlev gave initial findings of the firm's ongoing investigation

• South Korean insurance sector boosted by capital transitional measures

  11 August 2023

  K-ICS standards have replaced the risk-based capital regime in the country

• Guy Carpenter reveals potential property impact from Hawaiian wildfires

  11 August 2023

  The wildfires have devastated the Hawaiian island of Maui and killed at least 55 people

• Bermuda's tax proposals may change the shape of local insurance market

  11 August 2023

  Government issues 15% corporate tax consultation to bring island in line with OECD rules

• Munich Re's nat cat claim costs double in H1

  10 August 2023

  The reinsurer did post a profit of €2.4bn for the first half of this year