Global natural catastrophes cost insurers $50 billion in the first half of 2023, (H1 2022: $48 billion), with most of the losses stemming from severe convective storms, ...
Natural disasters during the first half of 2023 cost insurers an estimated $43 billion with an overall economic price tag of $110 billion, according to Munich Re.
Significant progress has been made in advancing vendor's cyber catastrophe models, but a notable degree of variability exists across model outputs, which can pose a challenge to insurance and ...
Property/casualty insurers in the U.S. that focused on difficult-to-place risks distanced themselves from their peers in key metrics measuring earnings, underwriting ...
Liberty Mutual Insurance announced major organizational changes and executive leadership appointments, which are aimed at enhancing its personal and small commercial ...
Systemic shocks related to the recent pandemic, the war in Ukraine, natural catastrophe losses and elevated inflation have raised questions about reserve adequacy for property/casualty insurers, ...
Capacity was more readily available during the midyear renewals, which brokers described as "orderly," in comparison to the turbulent January renewals. At the same time, prices saw some moderating ...
Four intrepid reinsurance executives from Convex and Swiss Re are rowing from Monterey, Calif. to Hawaii as part of the "World's Toughest Row – Pacific." It's all for ...
SiriusPoint has seen a cluster of challenges over the past two years—ranging from an incomplete merger integration to persistent underwriting and investment losses to ...
In the days before hedge fund manager Daniel Loeb decided to drop its buyout of SiriusPoint, Carrier Management asked analysts at AM Best and Fitch Ratings about the pros ...