Insurance Rate News

Weather-worn (re)insurers will be fearing the worst but hoping for the best as Nate threatens to open up the fourth quarter with another set of insured losses from a US landfalling hurricane

The statements that are beginning to flow from insurers and reinsurers on how much they stand to lose from the 2017 catastrophe events all generally strike a similar tone

Aviation rates are expected to flatten, and harden for loss-prone clients, with underwriters becoming more selective about the risks they take on, according to JLT's quarterly review of the aviation market.

Texan flood losses coming into the London market following Hurricane Harvey could be far greater than initially thought, Blenheim Syndicate 5886 active underwriter John Hamblin has warned

A long-term decline in non-fatal workplace accidents and injuries combined with improving loss experience helped workers' compensation carriers to greater profitability last year as premiums climbed to a record $58.5bn

London-listed insurer Hiscox said the insurance market is starting to harden, as it put the net cost of claims from hurricanes Harvey and Irma at around $225mn.

The prolonged soft market cycle could be set to turn after a series of catastrophes that senior executives in the market predict could cost the sector up to $150bn.

The prolonged soft market cycle could be set to turn after a series of catastrophes that senior executives in the market predict could cost the sector up to $150bn.

RBC Capital Markets has lowered its 2017 earnings estimates for European reinsurers and Lloyd's carriers by an average of 21 percent and 54 percent respectively to allow for the impact of hurricanes Harvey and Irma

Reinsurance pricing could still be impacted by Hurricane Irma, even though the market avoided more significant losses after the storm veered away from Miami, according to Leadenhall Capital Partners CEO Luca Albertini.

Cat bond prices improved at the end of last week as it became clear that Hurricane Irma was not going to be a major threat to the cat bond segment of the insurance-linked securities (ILS) market.

Primary auto carriers, their brokers and reinsurers face a complex round of January renewal discussions after the UK government drafted reforms to the Ogden discount rate.