Volante Global names new executive chairman

Volante Global is ringing in 2025 with a significant leadership shake-up, announcing Martin Reith as the company’s new executive chairman With over 40 years of experience in the re/insurance industry, Reith will oversee Volante Global’s underwriting strategy to ensure alignment with its long-term goals. In his role as executive chairman, Reith...Read More

Insurance industry trends​ 2025

The diverse data collected from key markets, including North America, the UK, the London Market, the DACH region, France and the Benelux, the Nordics, Central and Eastern Europe (CEE), Japan, and Australia, enables us to gain a deeper understanding of the goals, challenges, and opportunities currently shaping the insurance sector....Read More

UK Regulators Urged to Help Keep London Competitive, Using New Post-Brexit Remit

Britain’s regulators must push ahead with applying their new post-Brexit remit to help keep the country’s financial sector globally competitive, industry officials said on Thursday. After Britain’s departure from the European Union, the government has come under pressure to maintain London’s position as a globally competitive financial center by reforming financial rules inherited from the bloc......Read More

UK INSURANCE CLAIMS FROM STORMS CIARA AND DENNIS ESTIMATED AT US$473.7M

Insurers expect to make payments to customers hit by the recent Storms Ciara and Dennis of over £363 million (US$ 473.7 million), according to initial estimates from the Association of British Insurers (ABI). Initial ABI estimates show payouts from Storms Ciara and Dennis that struck in quick succession: Total payments to customers estimated....Read More

nsurers Should Be Ready for Global Average Disaster Losses of $123 Billion: Verisk

The global insurance industry should be prepared for insured losses from natural catastrophes well in excess of $100 billion every year, according to the 2022 Global Modeled Catastrophe Losses Report from Verisk Extreme Event Solutions. In fact, the latest analysis, which uses Verisk’s models released in June 2022 and a global suite of industry exposure data as of Dec. 31, 2021, reveals an average annual loss of $123 billion in 2022, a 16% increase from the $106 billion modeled.....Read More

Global Insurance Rates Continue to Moderate in Q1 – With the Exception of Cyber

Global commercial insurance prices rose 11% in the first quarter of 2022, marking the fifth consecutive reduction in rate increase since global pricing increases peaked at 22% in the fourth quarter of 2020, according to the Global Insurance Market Index published by insurance broker Marsh......Read More

Travel insurance customers demand COVID coverage

Since the coronavirus pandemic began, one-third of travelers searching for travel insurance want protection for COVID-19, according to travel insurance comparison site Squaremouth.Providers offering COVID-19 coverage are in high demand, according to Squaremouth. The site said it had seen a shift in top travel insurance providers to favor those that offer COVID-19 coverage......Read Mor