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Vermont adopts new captive insurance legislation

State halves minimum capital requirements for agency captives and liberalises rules on parametric contracts

United States Regulation

Slide places $1.86bn of hurricane season reinsurance

Programme provides coverage for all perils and third-event protection up to the 175-year return period

United States Reinsurance

US homeowners' sector posts worst underwriting result since 2011

Market's combined ratio deteriorates 6.5 points to 110.5% in 2023

United States Casualty

Education key to mitigating basis risk in parametric policies

Miller's head of parametric solutions, Alice Glenister, explains how to present parametric insurance to insureds

International Property

Insurers brace for active 2024 hurricane season

Early forecasts suggest a busy year but more hurricanes does not necessarily mean higher losses, analysts say

International North America

Perils lowers Italy flood loss to €495m

Loss aggregator cuts loss estimate for the May 2023 floods from €509m

Italy Property

NormanMax launches parametric nat cat syndicate

Syndicate 3939 is claimed to be the first syndicate dedicated to natural catastrophe parametric re/insurance solutions

North America Lloyds

Egypt passes insurance reform

New law increases capital requirements for insurers and reinsurers

Egypt Property

California has promised bold insurance reforms – but do they go far enough?

The Golden State's governor and insurance commissioner are pushing for major reforms but some argue they are insufficient, while others say the state's catastrophe risks are too great

United States Property

US commercial rates rise 7.7% during Q1: CIAB

Commercial motor drives rate acceleration as other lines post flat or lower pricing compared to previous quarter

United States Casualty

Florida property insurance rates start to fall

At least eight carriers have filed for rate decreases to take effect later this year, the Florida Office of Insurance Regulation has reported

United States Property

There is a lot of headroom for growth in the Lloyd’s market: Duncan Dale

Dale Underwriting Partners, together with its MGU joint venture with Howden, has the potential to write $1bn in gross premiums by 2026,  the Lloyd's carrier's chief executive says 

London Lloyds
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