Political Risk in 2024: tensions rise as US election looms – HIVE
Global Reinsurance
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1d ago
David Langran, class underwriter, HIVE Underwriters, highlights how the 2024 US Presidential election and rising global conflicts are intensifying political risk, requiring underwriters to navigate growing uncertainties and manage exposures with care ..read more
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Moody’s RMS puts $11bn insured estimate on Helene
Global Reinsurance
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1d ago
Hurricane Helene will cause an insured loss of between $8bn and $14bn, according to the estimate of catastrophe modeller Moody’s RMS ..read more
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Profit eludes US homeowners’ insurance market – Aon report
Global Reinsurance
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1d ago
“Strong rate activity” isn’t enough to turn around negative to low ROEs for US homeowners insurance carriers, the broker has warned ..read more
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Soft market for power and offshore energy – two broker reports
Global Reinsurance
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1d ago
Absence of major losses means competitive pricing in power insurance, according to WTW, while offshore renewables faces a long-term soft market, NARDAC said ..read more
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Verisk puts $6-11bn insured loss estimate on Helene
Global Reinsurance
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1d ago
Catastrophe modeller Verisk estimates industry insured losses in the US for Hurricane Helene will range between $6-11bn ..read more
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Risk of US civil unrest highest level since BLM – Verisk Maplecroft
Global Reinsurance
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1d ago
Verisk warned conditions are “on a par” with those just before the BLM protests and riots following the death of George Floyd in US police custody, which cost approximately $3bn in insured losses in 2020 ..read more
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Dive In turns 10: Festival launches with over 130 events globally
Global Reinsurance
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1w ago
Celebrating ten years of Dive In, 2024’s festival launches with over 130 free virtual and hybrid global events ..read more
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First ever insurance payout of Red Cross disaster fund triggered in 2024
Global Reinsurance
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1w ago
Demands for disaster relief this year surpassed the ‘deductible’ threshold of the Red Cross and Red Crescent’s IFRC-DREF’ disaster fund, the NGO has reported ..read more
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Strikes at US East Coast ports could generate a $63bn hit – Russell Group
Global Reinsurance
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1w ago
Economic losses could be severe from industrial action threatened in October at 36 American ports, from New York to Houston ..read more
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The Fidelis Partnership launches new Pine Walk MGA, Seraphina
Global Reinsurance
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1w ago
Pine Walk Capital has now established ten MGAs, the latest focused on international property to support the Fidelis Partnership’s BRICS+ strategy to broaden the geographical footprint of the business ..read more
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