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News
Rising liability estimates are reshaping aviation insurance renewals
3+ day, 22+ hour ago (675+ words) Aviation insurers are recalculating how much a single passenger death could cost them, with higher liability assumptions feeding through into capacity and pricing at airline renewals. According to Nigel Weyman (pictured), global executive - aerospace at Gallagher in London, the shift…...
Parametric moves beyond weather as Howden Re builds dedicated practice
1+ week, 1+ hour ago (392+ words) Insurance Business Parametric moves beyond weather as Howden Re builds dedicated practice Record allocations in a soft market signal that parametric is now a standing part of reinsurance programme design Parametric reinsurance allocations reached record levels in 2026 despite the softest…...
Insurer profits hit 20-year high - so why are bosses nervous?
1+ week, 3+ hour ago (566+ words) Global property and casualty insurers have just posted their best underwriting result in two decades. Claims and expenses ate up only 88 cents of every premium dollar collected this year, the lowest combined ratio since before the 2008 financial crisis, driven by…...
Reinsurance buyers regain control ahead of 2027 renewals: Marsh Re
1+ week, 5+ day ago (684+ words) Cedents will enter the 2027 reinsurance renewals with ample capacity and greater freedom to choose between lower prices and rebuilding protections eroded during the hard market, according to Marsh Re. In a virtual briefing ahead of Monte Carlo Rendez-Vous de Septembre…...
Insurers must brace for US$171 billion in annual cat losses, study finds
1+ week, 5+ day ago (762+ words) The global insurance industry did not get a quiet year in 2025. It got a year without a US landfalling hurricane that still produced more than US$100 billion in insured losses, for the sixth consecutive year. The average annual loss (AAL)…...
Rebuild costs outpace inflation, exposing sum insured gaps
1+ week, 6+ day ago (465+ words) The analysis, published as part of the ICA's annual Insurance Catastrophe Resilience Report, draws on Cotality's Cordell Construction Cost Index (CCCI). It shows building costs rose around 30% in the five years to March 2026, against consumer price index growth of about 24% over…...
Parametric insurance just paid out for a coral reef for the first time in the US
2+ week, 6+ day ago (202+ words) Hurricane Lala triggered a $200,000 payment on a policy built to protect a natural asset rather than a building. For an industry still selling the promise of parametric coverage, it's a rare real-world proof point. When Hurricane Lala hit the Big…...