April 1 reinsurance renewals saw property rates showing continued softness similar to January 1 while casualty markets remained cautious and more stable. Abundant supply and a largely loss-free environment led to double-digit property rate decreases in ma... See more
April reinsurance renewals showed a continuation of the softness in property markets seen at January 1. Japanese excess of loss property programs saw decreases as high as 20% while averaging around 16%, lowering rates to a level not seen in half a decade,... See more
Major cloud services providers experienced a decline in downtime in 2025 after years of increases as the amount of “critical” events dropped. As downtime declined among the three major cloud services providers – Microsoft Azure, Amazon Web Services and Go... See more
Axa XL on Thursday launched its environmental combined form offering policyholders pollution insurance and general liability coverage as a package. Primary coverages available include general liability, products pollution, contractor’s pollution, transpor... See more
The acceleration in data center construction has drawn a robust response from the insurance sector, which is deploying billions in new insurance capacity, consolidating coverage for ease of administration to support ever-larger projects and establishing p... See more
