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Lockton expands Norway team

Broker makes four senior hires to its Norwegian energy, renewables and property divisions

Norway Brokers

Cytora partners with ZestyAI on climate risk modelling

Insurtech integrates ZestyAI’s climate risk models into its risk assessment platform

Property Climate change

US non-standard motor market narrows H1 underwriting loss

Underwriting loss more than halves to $333m but rate inadequacy and claims inflation continue to plague segment

United States Casualty

Geneva Association warns of ‘insurability challenge’

Geneva Association will add macro- and geoeconomic risks, and social and financial inclusion to its 2024-25 research agenda

Risk Management International

Carbon approved for 36% stamp capacity growth

Delegated authority-focused syndicate 4747 has been approved by Lloyd’s to write gross written premiums of £204m in 2024

London Lloyds

ID Comment: Re/insurers face extinction if they don’t adapt to climate change

Perhaps reinsurers should gather for talks, not in Monte Carlo and Baden-Baden, but in one of the vulnerable countries that suffer the most from floods, droughts and storms, despite contributing the least to climate change

Climate change International

QBE warns on claims inflation as 9M premiums climb 10%

Australian giant expects ‘some current year strain and modest adverse development’ amid ‘more persistent’ claims inflation across a small number of portfolios

Australia QBE

Talanx completes Liberty Brazil acquisition

Deal propels Talanx's HDI International unit into top two property and casualty insurers in Brazil 

Brazil Liberty

Cop28 to 'elevate adaptation and resilience agenda'

The UAE is working with the Risk-informed Early Action Partnership to enhance the use of finance and insurance to mitigate the impacts of climate change, the Insurance Development Forum’s head of policy says

Climate change Big Interview

Florida approves Condo Owners as new insurer

Carrier is the latest property/casualty insurer to enter the state’s residential property insurance market

United States Casualty

HCI assumes nearly 54,000 policies from Citizens

Assumed policies represent around $196m of in-force premium

United States Property

Global premium growth to slow in 2024: Swiss Re

Reinsurance giant predicts global premium growth of 2.6% as profitability expected to improve amid higher investment returns and better underwriting results

International Swiss Re
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