Estimate includes privately insured damage to residential, commercial and industrial properties and vehicles, as well as business interruption

German insurance giant hires AIG executive to lead big-ticket business

Property premiums surged to £12bn last year, as marine becomes third-largest company market class and cyber continues strong growth

Quebec flooding, combined with Jasper wildfire, Calgary hailstorm and Ontario flooding have generated 228,000 catastrophe-related claims, more than double last year's total for July and August

While the risks faced by businesses in the hospitality sector remain relatively stable, the time needed to recover and restore operations to pre-loss conditions is frequently underestimated

Acquisition will complement US multi-line carrier's existing Dairyland non-standard motor business

Hurricane Francine downgraded to a post-tropical cyclone

August hailstorms are the country's second-costliest disaster on record

Francine is the third hurricane to make US landfall this year, following Beryl and Debby, and the first to hit Louisiana since Ida in 2021

Hurricane expected to make landfall along the Louisiana coast on September 11

Commercial insurance rate increases slow to 5.9% in the second quarter from a hike of 6.3% during the first quarter, WTW survey finds

Despite remedial work to reduce catastrophe exposure, investors need to see the market can still make money when the wind blows