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China Taiping has been identified as the building owner’s insurer. -
An “extraordinary” proportion of storms reached Category 5 status this year.
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Despite 2025 losses, carriers have not secured desired rate increases.
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The class of business has shouldered claims totalling over $4bn this year.
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Willis reports that the mining market has softened at a ‘considerable rate’ this year.
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The peril has been historically difficult to model compared to others.
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After a challenging period, the industry is now earning above its cost of capital.
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The sector also faces a potential $700mn loss from a fatal Indonesian mining catastrophe.
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The MGA began offering US commercial E&S property products in December.
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Panellists said the industry must be deliberate in setting a strategy for the right outcomes.
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The executive said the market will be revolutionised by digital technology.
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The shuttering of Munich Re Ventures reflected a focus on the reinsurer’s “core offering”.
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