RMS estimates Turkey quake insured loss to exceed $5bn

The road to recovery in Turkey will take several years, warns the catastrophe risk modeller


Moody's acknowledges IFRS 17 CSM has equity characteristics

Rating agency proposes rule of thumb for including CSM in equity calculations


RMS estimates up to $1.5bn insured loss from California flooding

Extratropical cyclones hit the state in December 2022 causing severe infrastructure damage


Finding a consensus on IFRS 17 leverage ratios

Some signs of agreement on how financial leverage will be presented under the new insurance contracts accounting standard are emerging, but options remain open, as Christopher Cundy reports


Direct Line shares fall 25% as inflation and weather claims bite

UK home and motor insurer cancels dividend for 2022


Insurers in Switzerland face mandatory climate reporting

Mandatory climate reporting for insurers will begin in 2025


Moody's warns of significant deterioration in life firms' equity

Increasing interest rates will lead to profound changes in insurers' financials, Moody's said


Direct Line sees motor claims inflation running at 10%

UK court delays are slowing release of prior-year reserves


UK insurers survive sovereign outlook cull

But further UK woes could see Aviva, Axa, L&G and M&G ratings downgraded, says Moody's


The UK gilts crisis: a worry, not a disaster, for insurers

Plunging sterling and soaring gilt yields are buffeting insurers, but longer-term impacts of the government's disastrous "mini budget" are the real concerns, as Sarfraz Thind reports