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According to Guy Carpenter & Co. LLC, property catastrophe rates increased at the April 1 reinsurance renewals for the third consecutive year although the average increase was the lowest in the past three years, Reinsurance News reported. Coverage for communicable diseases dominated the discussions, alongside cyber, as a result of the impacts of the COVID-19 pandemic on reinsurers, especially on the property and casualty side.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms