Combined ratio improves to 93% despite Iran war losses

Spanish giant’s non-life combined ratio falls slightly to 93.2% 

Wim Geleyn to head up broker’s operations in grand duchy

Potential exposure could be huge, with thousands of lawsuits, but insurers may be off the hook if tech companies’ behaviour is deemed deliberate

Activity is beginning to emerge in sectors such as oil and gas after the US kidnapping of president Nicolas Maduro, generating expectations of new insurance demand

Property, cyber and financial lines prices fall in first quarter of the year, but US claims drive casualty rate increase

Ratings agency cites disciplined underwriting, portfolio de-risking and reduced catastrophe exposure behind the move

Regulators are gearing up to launch the 2026 ‘dynamic stress test’, a real-time ‘war game’ over a three-week period that will stretch insurers and test financial resilience

Programme now provides up to $3.5bn in coverage

Carriers that seek economies of scale often lose out, according to Acord

Insurer hires USAA senior executive Marry to lead European expansion

Liability could eventually run to billions of dollars