News

Allianz Sponsors New European Storm Cat Bond

The latest from Allianz; Allianz has successfully sponsored a new catastrophe bond (“cat bond”) which will provide the Group with multi-year risk transfer capacity of EUR 250 million to protect itself against European windstorms. This […]

Opinion

Predictions 2024 Part One: General Trends, Global Headwinds

OK, firstly thanks to everyone who has provided industry comment for this series of three – yep count `em – three Predictions 2024 features. The original plan was to have two on Insurtech/platforms/data etec and […]

Insurance claims

Moody’s RMS Estimates Hurricane Otis Bill Could Hit $4.5bn

Moody’s RMS takes a look at the impact of Hurricane Otis, which affected Mexico recently, yet received very little mainstream media coverageMoody’s RMS®, the leading risk modeling and solutions company, estimates private market insured losses […]

Global insurance trends

Financials: Storm Events Haven’t Blown Hannover Re Off Course

Some healthy results from Hannover Re posted recently, here’s a few highlights; Hannover Re has generated a nine-month profit of EUR 1.4 billion and is thus confirming its Group net income target for the full […]

News

More Multi-Billion Cat Events On The Way, Says Bloomberg

As asset values increase, plus the cost of getting skilled people to rebuild houses, commercial premises, or deal with toxic hazards, waste, fire damaged vehicles etc also increases, it’s inevitable that the cost of Catastrophe […]

Technology

McKenzie Launches CAT360; Get Useful Data After Cat Events

McKenzie Intelligence Services (MIS), a leading provider of geospatial intelligence to (re)insurers, announces it is piloting CAT360, an initiative in which ground-level imagery is introduced to MIS’ Global Events Observer (GEO) platform, in addition to […]

News

Animal Friends Insurance Sets Up Costco Voucher Deal

Animal Friends Insurance and Costco Wholesale UK have come together in a collaboration to make day-to-day pet care more affordable. This new partnership will see Animal Friends Pet Insurance help Costco members get greater access […]