Severe convective storms (SCS) are emerging as a major driver of U.S. property insurance costs, with large hail events alone damaging nearly 600,000 homes in 2024, according to an analysis by CoreLogic. SCS weather events, which include damaging hail, tornadoes, straight-line winds and derechos, are becoming a significant driver of insured natural disaster losses across … Read more
Considering investing in Spanish real estate? Good news! Spain continues to be a top destination for property investment in 2025. The property market in Spain offers diverse opportunities for every type of investor, from holiday homes and rental properties to long-term real estate investments. The real estate market in Spain combines strong potential for returns … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Singaporean billionaire is seeking to oust his son as chief executive of the family’s property company, accusing him of attempting a boardroom coup and poor business decisions. Kwek Leng Beng, executive chair of Singapore’s … Read more
Unless you are incredibly rich, it’s highly likely that your vacation property is smaller than your primary residence. Having a smaller vacation property is a rational choice given you don’t live there as long as you do your primary residence. Further, it’s unlikely you need as many extra rooms for guests, an office, or entertainment … Read more
The Los Angeles, California wildfires are a tail event for the peril and will demonstrate the continued and growing relevance of reinsurance, according to RenaissanceRe CEO Kevin O’Donnell, who also explained today that “most of our US property catastrophe programs are loss impacted.”The RenaissanceRe CEO further states that with the scale of the loss impact … Read more