Property
Perils increases Australia bushfires loss estimate to A$810m
The estimate, which covers the property and motor hull lines of business, is higher than the firm’s initial estimate of A$786m
European agencies propose natural catastrophe pool
Regulators say pool could reduce protection gap to 10%
California authority calls for state-backed wildfire cover
Agency backs stronger measures to extend wildfire cover and more mitigation
Insurance Day publishes climate risk special report
With every key climate indicator now flashing red, re/insurers must up their game in tackling climate risk
CSU forecasts below-average 2026 Atlantic hurricane season
Colorado State University forecasts 13 named storms for 2026, with below-average landfall probabilities across the US and Caribbean
New York area at risk of $200bn hurricane: KCC
Severe storm seasons and blizzards could cause $1bn+ losses
Perils increases Windstorm Goretti loss estimate to €479m
The estimate, which covers the property and motor hull lines of business, is higher than the firm's initial estimate of €467m
AI may increase productivity rather than replace jobs
Artificial intelligence is producing efficiency gains but is no substitute for human expertise, argues WTW’s Laura Doddington
Political risk market responds to increasing world tumult
Demand for political risk insurance cover continues to rise amid the Middle East crisis and US protectionist policies, but Russia’s invasion of Ukraine has made underwriters more cautious
Santam appoints Tatlock to lead Lloyd's property
Nigel Tatlock will be responsible for building a global property book that includes US and international markets
Acrisure completes acquisition of property MGA Vave
Deal adds Vave to Acrisure Underwriting’s platform of 12 MGAs operating in the US insurance market
Embedded insurance has taken hold in the motor market
Well designed arrangements, supported by clear contracts and strong governance, will be key to making embedded automotive insurance work in a compliant and sustainable way
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