All the headlines from our Property Topic Page, ordered by recency.
Jan 5 2024 // Rokstone, the London-based speciality re/insurance managing general agent, part of Aventum Group, announced a binder agreement with Munich Re Syndicate Ltd. (MRSL), to bolster the expansion of its international property...
Jan 4 2024 // While the reinsurance market indeed stabilized during the January 2024 reinsurance renewals (from the chaotic January renewals of last year), buyers with loss-affected programs experienced further upward pressure on...
Dec 13 2023 // Denali, a wholesale insurance specialist, announced that its Investor Property Program has grown to include student housing. The expansion of Denali’s package insurance for investor properties is well timed. Limited...
Dec 12 2023 // (Bloomberg) — Ron DeSantis rattled corporate America by making Walt Disney Co. a target of his conservative culture wars. Now, the Florida governor’s campaignto rid the state of Chinese influence is fueling a...
Dec 11 2023 // Some South Korean financial institutions may be at risk if bets on overseas property sour, the regulator warned, emphasizing that the likelihood of systemic stress is low.“For companies with large overseas real...
Dec 7 2023 // Insurers grappling with the rising risk of physical attacks on businesses due to war or civil disorder are reconsidering the breadth and scope of such cover in potential conflict hot spots.Political violence cover, which...
Dec 6 2023 // Persistently strong underwriting performance during and after the global pandemic – despite substantial economic and capital markets volatility – has prompted AM Best to maintain its “stable” outlook for...
Nov 22 2023 // After a costly 2023 severe convective storm season in the US, reinsurers underwriting in the regional property catastrophe market are skeptical about providing frequency cover, but their overall appetite remains healthy,...
Nov 20 2023 // Roshan Navagamuwa joins American International Group, Inc. (AIG) in December as executive vice president and chief information officer, effective January 1, 2024. AIG is headquartered in New York, N.Y.Navagamuwa joins AIG...
Nov 14 2023 // Colorado Gov. Jared Polis hoisted a red baseball bat and smashed emergency glass in a silly demonstration for a very real crisis, Colorado homeowners are looking down the barrel of a potential 40% jump in property tax...
Nov 9 2023 // This post is part of a series sponsored by AgentSync.Insights from NAMIC’s compliance webinar presented by AgentSync Solutions Architect Sandy Allen Did you know there were more than 250 changes to insurance...
Nov 7 2023 // Honeycomb Insurance, a which says its technology eliminates the need for physical property inspections, has won regulator approval to write policies in Virginia. The company, which began operating in 2021, writes in 15...
Nov 3 2023 // This edition of International People Moves details appointments at Aspen Insurance Holdings and CNA Hardy.A summary of these new hires follows here. Aspen Taps SiriusPoint’s Mardon as Global Head of Property...
Nov 1 2023 // A year after Hurricane Ian ripped through southwest Florida, wealthy risk-takers are transforming one beach town.In Fort Myers Beach, many of the middle-class cottages that once dotted the Estero Island town were wiped off...
Oct 17 2023 // The number of soured commercial real estate loans has begun to rise in the UK as the rapid increase in interest rates feeds through to property valuations.The overall default rate on UK commercial real estate debt reached...
Oct 16 2023 // Property insurance carrier after property insurance carrier is exclaiming that they need 20% here and 15% there and 18% over there. Rates in many parts of the country are already bordering on unaffordable, however. Agents...
Oct 5 2023 // Tennessee’s comptroller wants more-frequent property appraisals to keep up with rapidly escalating home prices, a move that could have an indirect impact on property insurance limits and premiums in the...
Oct 3 2023 // This edition of International People Moves details appointments at Lockton Europe and Sompo InternationalA summary of these new hires follows here. Lockton Europe Taps WTW’s Rowley as Head of North American...
Sep 25 2023 // iprism, the London-based construction, property, commercial and high-net-worth MGA, announced the acquisition of property-focused MGA, SK Underwriting Ltd. for an undisclosed amount.Kent, England-based SK Underwriting was...
Sep 21 2023 // The next speaker of the Florida House of Representatives, set to take charge in 2025, said he hopes to see more legislation that could further address spiraling property insurance costs.“Do I believe we are done with...