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Insurance Day

Articles for 01 April 2025

Los Angeles fires to pressure Bermuda reinsurer profits: Fitch

January fires will equal about 60% of last year’s total catastrophe losses, rating agency says
Online Published Date: 2025-04-01T16:40:23

California fires to hit property sidecars

Aon expects sidecars to take book negative returns in first quarter following wildfires, but impact on catastrophe bonds will be ‘limited’
Online Published Date: 2025-04-01T16:40:23

LMA publishes guide to cyber risk management

Proper data collection and management 'a crucial factor', trade body says
Online Published Date: 2025-04-01T16:40:23

Rates fall at April 1 renewals amid increased competition

Pricing on loss-free Japanese programmes fell as much as 15%, ending an extended period of hardening, brokers report
Online Published Date: 2025-04-01T15:40:09

AI cargo tracking promises yet more transformation for marine insurers

Marine insurers are entering a new era of visibility, precision and proactive risk management thanks to artificial intelligence
Online Published Date: 2025-04-01T13:40:10

Pool Re completes transition to modernised catastrophe treaty reinsurance scheme

Updated model seeks reflect the changing nature of terrorism threats and improve how cover is distributed across the market
Online Published Date: 2025-04-01T12:40:12

South African court clarifies legal privilege

South African Supreme Court of Appeal’s judgment in the Steinhoff case has important ramifications for the insurance industry and beyond
Online Published Date: 2025-04-01T12:40:12

Fidelis names Strickle as group managing director

Executive will oversee integration of Bermuda-based specialty carrier's actuarial, capital, underwriting and risk functions
Online Published Date: 2025-04-01T09:40:12

Protection gaps to worsen across all lines: Bain

Insurers are expected to face increasing challenges in profitably matching price to risk owing to the rise in natural disasters and cyberattacks and unaffordable property premiums, consultancy says
Online Published Date: 2025-04-01T09:40:12

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