Commercial Lines

Overall, insurance rates fell by 1%, led by competition in property.

Risk managers are increasingly concerned about insurability.

The LMA report focused on first-party property damage from a coverage perspective and on eight key sectors.

The three-year deal is expected to generate $200mn in GWP over the period.

Aon executive Daniele de Bosini said reinforced infrastructure had mitigated the impact of recent disaster events.

European storm Boris could have taken a much worse toll on (re)insurers, but improvements to infrastructure and underwriting standards made it less impactful than it could have been, Daniele de Bosini, strategic growth leader for EMEA at Aon reinsurance solutions, told Insurance Insider in a live video interview at Baden-Baden.

In our new database, you can find all of the key data points on P&C commercial lines deals in our coverage universe in one place.

As a result of mostly flooding, £495mn ($644mn) of losses occurred in the UK.

Uncertainty around court outcomes is almost forcing carriers to settle claims.

European casualty business is not exposed to the challenges of the US market, with its social-inflation pressures, Aon co-CEO of reinsurance solutions EMEA Tomas Novotny reiterated during a video interview with Insurance Insider at this year’s Baden-Baden conference.

The Flex consortium will offer up to EUR/$50mn limit.

Capital diversity can only be achieved when there are more options for third-party providers to access.