-
China Taiping has been identified as the building owner’s insurer. -
An “extraordinary” proportion of storms reached Category 5 status this year.
-
Despite 2025 losses, carriers have not secured desired rate increases.
-
The class of business has shouldered claims totalling over $4bn this year.
-
Willis reports that the mining market has softened at a ‘considerable rate’ this year.
-
The peril has been historically difficult to model compared to others.
-
After a challenging period, the industry is now earning above its cost of capital.
-
The sector also faces a potential $700mn loss from a fatal Indonesian mining catastrophe.
-
The MGA began offering US commercial E&S property products in December.
-
Panellists said the industry must be deliberate in setting a strategy for the right outcomes.
-
The executive said the market will be revolutionised by digital technology.
-
The shuttering of Munich Re Ventures reflected a focus on the reinsurer’s “core offering”.
-
Cyber claims more than tripled year on year.
-
Graham Wynes has been at Lockton for more than 14 years.
-
The (re)insurer has a higher-than-average Jamaican market share.
-
Specialised service providers like CDK can pose more frequency risk than global operators.
-
The loss would be one of the largest ever for mining underwriters.
-
Insurance penetration varies, but hotels have “near-total” coverage and strong limits.
-
The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.
-
The June 2024 ransomware attack produced claims across many firms.
-
The Marsh-placed account renews its all-risks cover on 16 November.
-
Widespread underinsurance and low exposures will limit losses.
-
Citi and Berenberg believe the carrier is more resilient than in the past.
-
While attritional losses were up for the quarter, those in the carrier’s core business declined.
Most Recent
