Turkiye: All eyes on 1 May when traffic premium rates will change

Published on March 1, 2024
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) will hike premiums for compulsory motor third-party liability insurance (also called traffic insurance) based on the damage
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Marsh McLennan, Lloyd’s backed Unity expands coverage to boost Ukrainian economy

March 1, 2024
Marsh McLennan, a re/insurance broker, in collaboration with the Ukrainian government and Lloyd’s, announced the expansion of its Unity insurance facility (Unity) to now cover war risk insurance for ships carrying all non-military cargo.Initially launched in November 2023 to provide affordable war risk insurance for grain shipments and other critical food supplies globally, Unity offers reduced pr

Positive rate environment to continue as reinsurance market stabilises: Lockton

March 1, 2024
Lockton expects a positive rate environment to continue in the first half of 2024, despite 1.1 renewal activity suggesting the reinsurance market is stabilising following difficult treaty renewals a year earlier.Rates for reinsurance catastrophe coverage flattened during this year’s 1.1 renewals, mainly backed by abundant capacity, which is similarly ramping up in the quota share market, where ced