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SCS insured losses accounted for 48% of all global losses last year. -
Renfe has mandatory accident insurance with Everest and liability cover with QBE.
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Increased vegetation could spell trouble in the future.
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The ICA has escalated its ‘significant event’ declaration to ‘insurance catastrophe’.
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The broker has analysed the differences in wildfire risk between Northern and Southern California.
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The LA wildfires resulted in the largest insured loss of the year, at $40bn.
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The property insurer has secured significant additional capacity for its FM Intellium unit.
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November hailstorms and current storms and bushfires racked up claims.
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Tokio Marine HCC, Chubb, IQUW and BluNiche are also on the tower.
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What is the strategic thinking behind The Fidelis Partnership’s unique business model?
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The food corporation has not taken out a product recall policy which would respond to the incident.
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The event is the second billion-dollar SCS event to hit the country within a month.
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The influx of capital, combined with a quiet wind season, led to favorable conditions for cedants during 1.1 renewals.
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Price has become a key differentiator in marine and energy.
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Cedants pursued property renewals “aggressively” amid excess reinsurer capacity.
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Most Covid BI claims are due to lapse in March 2026.
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Insurance Insider reflects on major loss events of 2025 for the London market.
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The downstream market has suffered a string of costly claims this year.
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Los Angeles wildfires and SCS pushed US losses to $89bn.
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As demand rises across the digital asset space for multiple forms of crypto-related insurance, competition is building.
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The storm outbreak follows similar events in the area in 2020 and 2023.
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The outlook flags “large uncertainties” amid possible El Niño through summer 2026.
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The highest portion of losses was experienced in Alberta.
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The mechanism would work similarly to Flood Re.
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According to the Civil Unrest Index, protest activity has soared over the past two years.
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China Taiping has been identified as the building owner’s insurer.
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An “extraordinary” proportion of storms reached Category 5 status this year.
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Despite 2025 losses, carriers have not secured desired rate increases.
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The class of business has shouldered claims totalling over $4bn this year.
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Willis reports that the mining market has softened at a ‘considerable rate’ this year.
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The peril has been historically difficult to model compared to others.
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After a challenging period, the industry is now earning above its cost of capital.
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The sector also faces a potential $700mn loss from a fatal Indonesian mining catastrophe.
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The MGA began offering US commercial E&S property products in December.
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Panellists said the industry must be deliberate in setting a strategy for the right outcomes.
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The executive said the market will be revolutionised by digital technology.
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The shuttering of Munich Re Ventures reflected a focus on the reinsurer’s “core offering”.
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Cyber claims more than tripled year on year.
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Graham Wynes has been at Lockton for more than 14 years.
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The (re)insurer has a higher-than-average Jamaican market share.
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Specialised service providers like CDK can pose more frequency risk than global operators.
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The loss would be one of the largest ever for mining underwriters.
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Insurance penetration varies, but hotels have “near-total” coverage and strong limits.
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The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.
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The June 2024 ransomware attack produced claims across many firms.
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The Marsh-placed account renews its all-risks cover on 16 November.
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Widespread underinsurance and low exposures will limit losses.
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Citi and Berenberg believe the carrier is more resilient than in the past.
