News

Insurance

Lloyd’s LMA overhauls chair process to seize ‘real future opportunities for growth’

AXA XL CEO McGovern to become chair-elect in 2025, while Brooks remains in role for additional year.   22 October 2024

Insurance

Verisk sees potential $50bn insured loss hit from Hurricane Milton

Milton to have higher losses than Helene due to lower flood insurance take-up rates.   16 October 2024

Insurance

Hurricanes Helene and Milton to drive up to $55bn in industry losses: Moody’s RMS

Preliminary estimate reflects insured wind, storm surge, and inland flood impacts from both events.   14 October 2024

Reinsurance

Munich Re’s Q3 result hit by cat losses

Reinsurer impacted by higher-than-average major loss expenditure from nat cats.   23 October 2024

Reinsurance

European cat: not actually a common market, says Brit

European property-cat reinsurers should start treating Europe as one market for cat.   22 October 2024

Insurance

CNA expects Q3 pre-tax cat losses of $143m

This includes $55m losses attributable to Hurricane Helene.   23 October 2024

Reinsurance

Volatility means discipline must be sustained: Munich Re

Discipline will hold in the market in the run into the year-end renewal.   21 October 2024

Reinsurance

Late hurricanes to keep reinsurance rates elevated, analysts predict

Reinsurers are now under less pressure to cut prices and offer better terms, says BI.   22 October 2024

Insurance

Australia’s ASIC takes QBE to court alleging it ‘misled’ on pricing discounts

QBE ‘apologises for the inconsistencies,’ stating it will review the pleadings.   23 October 2024

Reinsurance

Aon’s Strategy and Technology Group—driving clarity and confidence in all weathers

Success requires a sophisticated approach to data, says Steve Dando of Aon.   22 October 2024

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