Content from L.S. Howard
Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh
Global commercial insurance rates fell 2 percent in the fourth quarter of 2024 following a 1 percent decline in Q3 2024 — marking the second consecutive quarterly decrease following seven years of ...
LA Fires Could Consume 30% of European Reinsurers’ Natural Disaster Budgets: Fitch
The Los Angeles wildfires could consume more than 30 percent of the aggregate natural catastrophe budgets set for 2025 by Europe's four largest reinsurers – Swiss Re, Munich Re, Hannover Re and ...
Cyber, Business Interruption, Natural Disasters Listed as Top 3 Business Risks: Allianz
Cyber, business interruption and natural catastrophes are the top three risks that concern global businesses, according to the Allianz Risk Barometer 2025. Cyber incidents, such as ransomware ...
Will California’s FAIR Plan Have Enough Cash for Its Wildfire Claims?
There has been some question about whether California's insurer of last resort – the FAIR Plan – has enough cash on hand to pay for its share of wildfire claims. As surplus is inadequate and ...
Significant But ‘Manageable’ Insurance Losses Expected From LA Fires: S&P
Insurers are facing significant losses from the catastrophic Los Angeles wildfires—given the high value of homes and businesses in the affected communities. However, those losses are likely to be ...
Insured Losses From Natural Disasters Hit $140B in 2024
Insurers saw the third most expensive year for natural catastrophe losses in 2024—reaching a total of $140 billion—as climate change "is showing its claws," according to Munich Re. Overall ...
Lloyd’s CEO Neal Appointed Aon CEO of Reinsurance, Chair of Climate Solutions
Insurance broker Aon plc announced the appointment of John Neal as global CEO of Reinsurance and chairman of Climate Solutions, effective following the conclusion of Neal's notice period at Lloyd's ...
Reinsurers in Growth Mode Brought Capacity, Flexibility to 1/1 Renewals
Reinsurance buyers generally found ample capacity during the January renewals, reinsurance brokers Aon, Gallagher Re and Howden confirmed in their renewal reports. Increased reinsurer appetites meant ...