
Property

Lockton expands Norway team
Broker makes four senior hires to its Norwegian energy, renewables and property divisions

Cytora partners with ZestyAI on climate risk modelling
Insurtech integrates ZestyAI’s climate risk models into its risk assessment platform

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

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

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

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

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

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

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

Florida approves Condo Owners as new insurer
Carrier is the latest property/casualty insurer to enter the state’s residential property insurance market

HCI assumes nearly 54,000 policies from Citizens
Assumed policies represent around $196m of in-force premium

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
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