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Reputational risk a major concern for most companies: WTW survey

Of the companies surveyed, only 2% did not consider their reputation a standalone risk.

Aisling Finn, 10 June 2022
Australian flood losses to exceed A$6.2bn: Perils

Earlier loss reports suggested the total costs would be much lower – Perils’ first report estimated losses at A$3.99bn, while its second pegged losses at A$4.89bn.

Aisling Finn, 13 September 2022
InsurTechs need to demonstrate path to profitability: Anthemis partner Blader

As partner at major InsurTech investor Anthemis, Ruth Foxe Blader explained to Insurance Insider why venture capitalists are pumping the brakes on InsurTech funding.

Marcel Le Gouais, 29 July 2022
Terror, PV writers must look forward to learn Ukraine lessons: Lloyd's

Chief of markets Patrick Tiernan said there has been "minimal improvement" in rate adequacy across political violence, terrorism and strikes, riots and civil commotion business.

Marcel Le Gouais, 09 June 2023
KCC Ian loss estimate includes $13bn litigation loading

The modelling firm is applying a 1.8x factor to residential losses from the storm to account for anticipated legal action against insurers and demand surge.

Fiona Robertson, 17 October 2022
Tiernan acknowledges 'lessons learned' on Lloyd's cyber war policy roll-out

Lloyd's chief of markets Patrick Tiernan set out some of the reasons why Lloyd's controversial approach to cyber war segregations could have had a "softer landing".

Marcel Le Gouais, 08 June 2023
Progressive’s property loss estimate for Ian lowered by $400mn

The updated loss and allocated loss adjustment expenses in the property segment from the hurricane is now $1bn.

Kyoung-son Song, 21 December 2022
Aon puts March US severe weather insurance bill at more than $1bn

States most impacted include Alabama, Mississippi, Texas, Georgia, and Tennessee.

Anna Sagar, 12 April 2021
QBE International insurance profit more than doubles to $716mn for 2021

At a group level, the carrier booked $905mn in cat losses from Uri, Ida, Bernd and Seroja.

Rachel Dalton, 18 February 2022
NSW flooding loss tally reaches A$5.9bn: ICA

The flooding is now the costliest nat cat event ever in Australia, with insured losses higher than Cyclone Tracy and Sydney Hailstorm in 1999.

Aisling Finn, 05 October 2022

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