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Tag: Featured


Risk Management, Trends

New market research forecasts global travel insurance industry performance

July 5, 2022

Via: Insurance Business

Leading market research store ResearchAndMarkets.com has expanded its offering to include the Travel Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027. The report gives both a comprehensive analysis of the industry’s market performance so far and […]


Financial, Risk Management

UK motor insurers to expect losses in 2022 and 2023: EY

July 5, 2022

Via: Reinsurance News

Losses are predicted in 2022 and 2023 for the UK motor insurance market due to underlying inflation and premium rate falls, according to EY’s UK Motor Insurance Results. The professional services firm predicts that the sector’s net combined ratio (NCR) […]


Geo-Political, Risk Management

Carlyle Unit Assumes Full Risks of Operating Gas Field as Insurers Shun Black Sea

June 29, 2022

Via: Insurance Journal

A unit of Carlyle International Energy Partners LP has assumed the full risks of operating a new gas field in the Romanian waters of the Black Sea as insurers shun the zone because of its proximity to the war in […]


Geo-Political, Risk Management

China Launches Disaster Insurance Trials in 6 Cities Affected by Floods in 2021

June 28, 2022

Via: Insurance Journal

China’s third-most populous province Henan will launch pilot programs for catastrophe insurance in six cities that were the hardest hit by historic floods last summer. Aside from its capital Zhengzhou, trials are to be set up in the cities Anyang, […]


News

Seven Taiwanese Insurers Have Not Received Russian Eurobond Payments: Regulator

June 28, 2022

Via: Insurance Journal

Taiwan’s financial regulator said on Tuesday that seven Taiwanese insurance companies have not received interest due on May 27 on Russian Eurobonds after a grace period ended on Sunday evening. Russia defaulted on its international bonds for the first time […]


Geo-Political, Risk Management

G-7 Eyes Cap on Price of Russian Oil via Insurance, Shipping Restrictions

June 27, 2022

Via: Insurance Journal

Group of Seven nations are discussing a cap on the price of Russian oil that would work by imposing restrictions on insurance and shipping, according to people familiar with the matter. The potential mechanism would only allow the transportation of […]


Regulatory / Legal

Florida insurance regulator sets 2022 rates for Citizens Property Insurance

June 27, 2022

Via: Insurance Business

Florida’s Office of Insurance Regulation (OIR) has established the personal property and commercial property insurance rates of Citizens Property Insurance Corporation – the state-backed insurer of last resort – for 2022. The OIR held a virtual public rate hearing to […]


Regulatory / Legal

‘Well-to-Do’ Investment Firm Head Charged in $300,000 South Florida Insurance Fraud

June 23, 2022

Via: Insurance Journal

The head of a small, South Florida investment firm has been charged with insurance fraud after he submitted a $300,000 roof-leak claim to his insurer, American International Group, along with allegedly fake photos of mold and other damage to his […]


Financial, Risk Management

AXIS gets $140m Northshore Re II cat bond at reduced pricing

June 23, 2022

Via: Artemis BM

Global specialty insurance and reinsurance underwriter AXIS Capital has now secured its latest catastrophe bond at attractive terms, with the upsized $140 million of peak-peril catastrophe reinsurance protection from its new Northshore Re II Ltd. (Series 2022-1) catastrophe bond issuance […]


Financial, Risk Management

Property cat pull-back bodes well for pricing into 2023: JP Morgan

June 22, 2022

Via: Artemis BM

The fact some large and previously significant catastrophe exposed reinsurance firms have announced plans to pull-back and reduce exposures this year bodes well for pricing right through into 2023, according to analysts from JP Morgan. With property catastrophe reinsurance rates […]