News

  • NOAA predicts another above-average Atlantic hurricane season in 2022
    by Luke Gallin on 24/05/2022

    The National Oceanic and Atmospheric Administration (NOAA) has said that there’s a 65% chance of an above normal Atlantic hurricane season in 2022, making it the seventh consecutive above normal season. The forecast from the NOAA is the latest to point to an above average season in the months […]

  • Canadian personal auto & property rates up through Q1
    by Matt Sheehan on 24/05/2022

    The results of the latest Applied Rating Index by Applied Systems show that average premiums for both Personal Auto lines and Personal Property lines increased in Canada year over year in the first quarter of 2022. Quarter over quarter, premium renewal rate change decreased for Personal Auto and […]

  • FedNat to transfer & cancel policies in downsizing deal
    by Matt Sheehan on 24/05/2022

    Florida-based primary insurer FedNat Holding Company has announced a new deal to transfer and cancel the policies of its subsidiary, FedNat Insurance Company (FNIC), as part of its plans to downsize ahead of a challenging mid-year renewal period. Under the terms of the arrangement, Hale Partnership […]

  • R&Q’s Accredited and Policy Expert team up
    by Pete Carvill on 24/05/2022

    Accredited has signed a six-year programme management agreement with UK insurtech firm Policy Expert. According to a statement from the two firms, targeted capacity over the six-year term is expected to be £2bn in gross written premiums. Colin Johnson, CEO of Accredited, said: “Policy Expert is […]

  • NFP’s Financial Institutions Group selects TigerRisk to develop line slip for Lloyd’s
    by Jack Willard on 24/05/2022

    Leading property and casualty (P&C) broker, NFP has announced its Financial Institutions Group (FIG) has selected broker and risk capital advisory TigerRisk Partners LLC to develop a line slip to transact business with Lloyd’s of London. The line slip will enable global insurers, US regional […]

  • Florida reform package makes “much-needed progress,” says NAMIC
    by Matt Sheehan on 24/05/2022

    The National Association of Mutual Insurance Companies (NAMIC) has commented on Florida’s special session on the property insurance crisis, which it sees as an opportunity for the Legislature to pass critical reforms to address some of the most pressing issues that have led to the current crisis […]

  • “Ukraine war dashes hopes of bumper year for insurance” – Allianz
    by Pete Carvill on 24/05/2022

    Russia’s invasion of Ukraine has ‘dashed’ hopes for a bumper year for the insurance industry, says a new report from Allianz. The Allianz Global Insurance Report 2022 says that this year was expected to be ‘another bumper year’ for the insurance industry, but this was lain to waste by […]

  • RMS extending global risk views for acute & chronic perils
    by Jack Willard on 24/05/2022

    Risk modelling and solutions company RMS has announced that it will be launching new global views for acute and chronic perils and their climate change impact. The company already offers a range of different regional peril and climate change models, which support detailed acute physical loss […]

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