Rate increases slower for catastrophe exposed US property in Q1: Marsh

April 25, 2024

In what is perhaps a reflection of an insurance and reinsurance marketplace with more catastrophe risk capital available, broker Marsh has for the first time in a while cited a slowing level of rate increases for catastrophe exposed commercial property […]

Bipartisan bill seeks to reinstate inflation adjustment for crop insurance agents

April 18, 2024

The “Ensuring Access to Risk Management Act of 2024” has been introduced in the US House of Representatives, aiming to address compensation issues for crop insurance agents by reinstating an inflation adjustment that was halted in 2016. The bipartisan bill, […]

Non-life alternative capital grew 11.5% to $107bn in 2023: Gallagher Re

April 8, 2024

Investor inflows to the catastrophe bond market and other areas of insurance-linked securities (ILS) helped non-life alternative reinsurance capital rise by 11.5% to a new record high of $107 billion by the end of 2023, according to the latest data […]

Cyber Risks, Risk Management

QCC report forecasts doubling of global cyber insurance market by 2030

April 30, 2024

Via: Reinsurance News

As per the QualRisk Cyber Insurance Center (QCC) 2024 Global Market Report (GMR), the international cyber insurance market is expected to double by 2030. Daniel Kasper, CEO of QCC, noted that while the US has been the major driver of […]

Geo-Political, Risk Management

Shadow-Fleet Oil Tanker That Crashed Had Void Western Insurance

April 29, 2024

Via: Insurance Journal

A shadow-fleet oil tanker that crashed in Denmark’s vital straits produced a set of insurance documents that weren’t valid, a stark example of how there’s little clarity about who would pay the bill if such a ship had a major […]