property

Liberty Specialty Markets, the specialty and commercial insurance and reinsurance arm of Liberty Mutual Insurance, has promoted Nicholas Garside to the role of Head of Bermuda Property.

The influence of alternative forms of reinsurance capital are beginning to be felt much more broadly across both the insurance and reinsurance market, with one area of note being the market for power industry property insurance risks.

Reinsurance broker Guy Carpenter has published its update report on the state of the reinsurance market at the 1st June renewals this morning. Generally reinsurance price rises have begun to slow according to the report as the light catastrophe losses of the start of 2012 combined with positive reinsurer results and a reinsurance sector with […]

Overall the global insurance market continues to be well capitalised and generally competitive despite the major catastrophe losses experienced this year says insurance broker Marsh in their Second Quarter 2011 Insurance Market Update which was published yesterday.

A new study from reinsurer Swiss Re shows that with drought conditions becoming more common in Europe a side effect has been an increase in the incidence of drought induced soil subsidence, resulting in higher levels of property damage. The study suggests that the changing climate will magnify the risk of soil subsidence and a […]