The traditional concept of wildfire season is becoming obsolete as major fire events now occur throughout the year, according to Gallagher Re’s latest report, World on Fire 2025.
Built on findings from a recent whitepaper and come as global trade continues to intersect with the evolving liability environment in the US, Wolfram-Ferdinand Schultz, head of casualty treaty for Continental Europe at Howden Re, has outlined key legal, strategic, and structural considerations facing international firms with exposure to US casualty risks.
Shawn Ram, head of insurance for Coalition, the active insurance provider, says “We believe cyber is the most pervasive risk in society today.” The task of understanding systemic cyber risk exposures was never going to be a simple one – not least given the rapidly evolving nature of cyber risk.
The year 2024 has proven to be one of the most devastating years for natural disasters. An analysis from insurance company Munich Re shows that total losses reached $320 billion worldwide, marking it as the fifth costliest year since 1980.
Howden Re, Howden Group’s reinsurance and risk advisory arm, has released a ‘Re-framing cyber risk: navigating threats and embracing opportunities’ report on the landscape of cyber reinsurance.
A study from the University of Cambridge Institute for Sustainability Leadership (CISL), supported by risk analysis from the global insurance group Howden, indicates that the smallest and most vulnerable nations could lose more than their entire GDP due to extreme climate events in the coming year.
We have all heard stories of import cargo arriving with water or moisture damage and the Insured/Consignee complaining bitterly when their claim is denied, believing that they have paid a lot of money for insurance that is worthless.
Major Asia-Pacific reinsurers sustained the ability to deliver stable operating and return on equity ratios in 2021, with average annual net premium growth of nearly 10% in the most recent five-year period, according to a new AM Best report.
The cyber insurance landscape has always had to evolve at the rapid pace of technological advancements – but the COVID-19 pandemic has created even more challenges for cyber insurers. Nadia Hoyte, national practice advisor for executive and professional risk solutions at USI Insurance, recently chatted with IB TV about the effect of the pandemic on the cyber insurance space.
While Asian companies have less exposure to Russia and Ukraine than their European peers do, rising oil prices will impact both businesses and consumers as a consequence of the invasion, reported Nikkei Asia.