Latest Property-Catastrophe News
Insurers are urged to expedite the claims process in order to better serve California policyholders.
Continued growth sees a sharp uptick as momentum for the system grows.
AGCS Global Claims Review findings based on analysis of 470,000 claims from 200 countries.
Latest insurer to suffer from California wildfires and puts November losses at $685m.
Supporting effective recovery for homeowners and building resiliency to events is paramount.
The latest claims numbers are expected to accelerate as residents return to their homes.
All signs are pointing to a turnaround for the troubled US auto market although pitfalls remain, Fitch Ratings warns.
Intense competition and improved financial performance see US personal lines market retain “stable” ranking.
Partnering further with InsurTechs and expanding their products’ value proposition are two recommendations for insurers.
A major eruption of Mount Agnung in Indonesia could cause more than $70bn in economic losses, but insured losses are expected to be low.
Africa Re’s group managing director and CEO, Corneille Karekezi, gives his perspective on the outlook for the continent’s reinsurance markets.
Willis Re’s chief executive John Cavanagh remains optimistic at his company’s future growth prospects even though market conditions are tough.
Developing products that actually meet the needs of those in emerging economies, as well as creating reliable and user-friendly ways of both paying premium and collecting claims, will all determine whether the multi-company multi insurance venture incubator is a success, says Aspen’s Mario Vitale.
Hiscox Re has scaled back at recent renewals, reducing its concentration on property catastrophe.
Novae can start considering acquisitions rather than being acquired since share value has soared above book value, Novae’s CEO tells Reactions.
Interview: The top threat to catastrophe reinsurer RenaissanceRe’s new CEO Kevin O'Donnell maintaining his predecessor’s enviable returns is a flood of alternative reinsurance capacity settling for single-digit returns. He is bullish about RenRe's future.
Interview: The National Flood Insurance Program (NFIP) is unsustainable, says Swiss Re’s Americas CEO Eric Smith. He and others are now suggesting that the private sector needs to take up some of the burden to ensure flood protection remains in the US.
Interview: Swiss Re’s Canada CEO believes consolidation among Canadian insurers will boost reinsurance demand as well as kick-start cat bonds. Insurers are also looking for reinsurance as a result of onerous new solvency requirements for BC earthquake.
In this month's Reactions