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Suncorp renewal stable despite hailstorm, flooding and wildfires

The lowest layer was offered at 50 percent rate on line, while the majority of its programme held flat.

Rachel Dalton, 10 July 2019
California’s earthquake insurance take-up may be low, but the industry could be hit hard by BI and CBI losses

Southern California was rocked by two earthquakes last weekend and while the (re)insurance industry’s exposure to the events is expected to be minimal, they again served as a reminder of what’s at stake should the so-called “big one” that scientists are expecting actually occur.

Christopher Munro, 10 July 2019
Zurich installs CRO Martin as EMEA chief to replace Blanc

The executive joined Zurich in 2017 from Swiss Re.

Rachel Dalton, 10 July 2019
Global reinsurance capital rebounds in Q1 after 2018 dip: Aon

Capital has rebounded by 3 percent to $605bn in the first quarter of 2019.

Laura Sanicola, 10 July 2019
Swiss Re Corporate Solutions needs three years to return to black: RBC

The firm cuts its earnings forecasts for parent Swiss Re.

Samuel Casey, 09 July 2019
Market on watch for potential $1bn of downstream energy losses

Cameroon’s Sonara refinery and Algeria’s Arzew production plant have both been hit by fires in the past month.

Adam McNestrie, 09 July 2019
FCA warns on IDD implementation in 2018/2019 report

The regulator also says it commissioned six insurance-sector skilled person reports in the financial year ended 31 March.

Laura Board, 09 July 2019
Chaucer provides capacity for SkyWatch.AI UK launch

The platform offers on-demand insurance to commercial drone pilots.

Anna Sagar, 09 July 2019
Cyber: better to cry wolf than do nothing and get eaten

The trouble with regulation is that its three main pillars – conduct, prudence and competition – are in a rock, paper, scissors relationship with each other.

Mark Geoghegan, 09 July 2019
Capacity influx ramps up W&I market pressure

Increased competition has made the class one of the few in EC3 that is not seeing a rating upswing.

Catrin Shi, 09 July 2019

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