Property
Average annual insured catastrophe loss jumps to $152bn
Modelling firm warns of ‘fundamental shift in risk landscape’ with secondary perils driving loss growth
Reinsurer appetite for catastrophe risk stabilises: S&P Global
As the market softens, the pace of growth has slowed and is now in line with general exposure trends
UK Supreme Court suggests Covid claims may be far from over
Top UK court will examine whether insurers are entitled to deduct the value of furlough payments from Covid-19 business interruption payments
Sompo acquires Aspen for $3.5bn
Acquisition of Bermuda-based re/insurer is part of the Japanese giant’s strategy to expand its P&C business outside the domestic Japanese market
Lockton appoints Bond to lead Bermuda P&C
Broker hires Marsh executive to oversee Bermuda property/casualty clients
Fema employees condemn Trump administration
Open letter says Trump is gutting risk mitigation and Fema’s workforce
Solving the legal puzzle for technology, innovation and insurance
How legislatures and regulators around the world structure the oversight of emerging insurance products will be critical to maximising their efficacy
Bellwether model could help improve insurance penetration in California’s stressed property market: Hiscox
Divisional director James Brady discusses implementation of predictive California wildfire model
Karen Clark warns of potential $100bn hurricanes
A strike on New York, Miami or Houston could produce nine-figure losses, modelling firm’s analysis finds
QBE promotes Massé to head of European claims
Massé was most recently claims manager in France
Hurricane Erin to grow larger as it moves north
Storm is not expected to make US landfall but North Carolina authorities evacuate outer islands
HDI Global operating profit climbs 24% in Q1
Corporate and specialty insurer posts combined ratio of 91.6% in first half of the year on below-budget major losses
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