Globally reinsurance buyers enter the January renewal season with...
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Domestic reinsurance capabilities through regulatory incentives need to augmented:RBI
In its Financial Stability Report, the central bank has cautioned...
Jan1 Renewals:Market softens as reinsurers grow capital following strong returns, GC Report
Dean Klisura, President and CEO, Guy Carpenter Reinsurer return on...
Worsening Weather: A $25 billion Market Opportunities
Most large and listed European companies are now required to disclose what they see as risks and opportunities from environmental factors. In the US, the Securities and Exchange Commission finalized rules in March that would make it mandatory for companies to publish...
ICEYE launches Flood Insights and Flood Early Warning for Canada, providing near real-time situational awareness
ICEYE’s Flood Early Warning data is available 96 hours before each potential flood, showing the areas most likely to experience flooding. During each flood, data on the total extent of the flood water is provided every 24 hours. The complete extent and depth of the...
Southern Brazil hit by the worst floods in more than 80 years
It was the fourth such environmental disaster in a year, following floods in July, September and November 2023 that killed 75 people in total Heavy rains in the southern Brazilian state of Rio Grande do Sul killed 39 people, with another 68 still missing, the state...
Maersk says Red Sea disruption could cut Asia-Europe capacity by 20%
The disruptions cause ripple effects across several other container freight routes, particularly from Asia to the east and west coasts of South America, Maersk’s spokesperson said, adding that the Red Sea situation was complex and continued to evolve Disruption to Red...
Chubb to pay $350 million to Maryland govt for Baltimore Bridge collapse
Lloyd’s of London insurers Hiscox and Lancashire do not expect large insurance claims Grace Ocean Private Ltd., the owner of the Dali container ship that hit the bridge, and its manager Synergy Marine Pte petitioned to limit their liability to a maximum of $43.6...
Bermuda insurer credit profiles supported by BMA regulatory reforms: Fitch
The Bermuda life insurance market has grown rapidly. Assets increased to $1.1 billion as of YE2022 from $496 million in 2018, and the number of life insurance licenses increased 10% over the same period to 180. This growth has been driven by its economic-based regime,...
Africa Specialty Risks launches ASR Syndicate 2454 at Lloyd’s
Currently, only 2% of Lloyd’s business comes from Africa, something which ASR Syndicate 2454 is strategically placed to expand. ASR began underwriting in February 2021, with the explicit aim of closing the insurance gap in Africa and facilitating international...
Self-driving trucks could become reality despite doubts from safety advocates
Within three or four years, Aurora and its competitors expect to put thousands such self-driving trucks on America’s public freeways. The goal is for the trucks, which can run nearly around the clock without any breaks, to speed the flow of goods, accelerating...
UK’s Nationwide stops lending to some homes over flood risk
Nationwide Building Society uses mapping technology to identify which individual homes are vulnerable to flooding, Nationwide Head of Property Risk Rob Stevens said in an interview. The company will decline to make a loan to purchase a property it deems to be at high...
BMS launches new global healthcare division with Rob Wendin to lead
BMS, the independent specialist insurance and reinsurance broker, today announces the launch of its new global healthcare liability division with Rob Wendin as managing director. The new division will provide solutions and guidance to healthcare providers and their...