Property
Swiss Re adds $400m to reserves for inflation from Iran conflict
Supply chain disruption and higher energy costs caused by the Iran conflict are expected to push up claim’s costs, chief financial officer warns
Aggregation is a growing risk for data centre insurers: Aon
Insurers are scrutinising hyperscale data centre projects more closely than ever, with resilience, site selection and construction design becoming significant factors in securing capacity, Aon’s global head of property, Ryan Barber, says
Axa XL cuts reinsurance premiums 7% as rates soften
Commercial lines premiums at Axa Group unit rise 2% in first quarter, driven by property and specialty lines
How 100% FDI is rewriting India’s insurance playbook
Increase in foreign direct investment cap will encourage foreign capital and expertise into India and drive increased competition and product innovation
Insurers ill prepared to benefit from AI, study finds
Most firms lack strategies to employ AI to best use, according to Capgemini
Latest US storm wave could see billions in losses
Severe storms at the end of April hit Midwest and south-central US
Aon books 7% corporate broking growth
Broking giant reports 4% organic growth in reinsurance division in first quarter
AIG underwriting profit triples in Q1
Gross written premiums rise 11% to $10bn supported by Everest renewal rights deal and Convex quota-share
Mid-year renewals trending to ‘mid-teen’ reductions: RenRe
Bermuda-based group has already bound half its second-quarter business with increased demand for private placements
Perils holds Australia’s October storm estimate steady at A$1.5bn
The figure, which covers property and motor hull lines of business, is in line with the loss aggregator’s earlier estimate
Lancashire grows insurance premiums in first quarter
Growth in marine, energy and US insurance premiums offset by lower reinsurance premiums
Markel underwriting profits rise 77%
Combined ratio improves to 93% despite Iran war losses
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