insuranceNEWS.com.au - International

Lawyer crackdown brings ‘hope’ to Florida property market

Mon, 13 May 2024 03:35:52 GMT

Florida’s property insurance market is showing signs of improvement following legislative reforms to address legal system abuse and claim fraud, the Insurance Information Institute says...

Industry draws up blueprint to boost British resilience

Mon, 13 May 2024 03:35:38 GMT

The Association of British Insurers has published a manifesto detailing ways the government can work with industry to address challenges such as climate change resilience and cybercrime...

Munich Re posts ‘impressive’ Q1 result

Mon, 13 May 2024 03:35:14 GMT

Munich Re says the odds of surpassing its earnings guidance of €5 billion ($8.2 billion) for the year have improved after net profit jumped 68% in the first quarter...

Aon flags shortfall in intangible asset cover

Mon, 13 May 2024 03:35:02 GMT

Aon has warned of a “persistent protection gap” for information assets despite the growing risk of loss compared with tangible items...

IAG on board as UN launches net zero forum

Mon, 06 May 2024 04:17:09 GMT

IAG is one of 19 founding members of the United Nations Environment Program’s new Forum for Insurance Transition to Net Zero...

US storms lead first-quarter cat losses

Mon, 06 May 2024 04:16:45 GMT

Global insured catastrophe losses totalled $US17 billion ($25.69 billion) in the first quarter, slightly above the century average, according to Aon...

Sedgwick spreads wings in aviation market

Mon, 06 May 2024 04:16:17 GMT

Loss adjuster Sedgwick has introduced new solutions for aviation claims management...

Arch appoints claims chief

Mon, 06 May 2024 04:15:30 GMT

Arch Insurance International has named Barbara Rizzi as its new Chief Claims Officer...

Marsh McLennan ‘well placed’ after first-quarter growth

Mon, 29 Apr 2024 03:05:43 GMT

Marsh McLennan says it is seeing momentum across its business after revenue increased 9% to $US6.5 billion ($9.9 billion) in the first quarter...

WTW confident of hitting $15 billion sales target

Mon, 29 Apr 2024 03:05:06 GMT

WTW’s first-quarter revenue rose 4% and the global broker says it is on track for sales of $US9.9 billion ($15.18 billion) or more this year...

Chubb hails strong start as Q1 earnings jump

Mon, 29 Apr 2024 03:04:27 GMT

Chubb has recorded net income of $US2.14 billion ($3.27 billion) for the first quarter, up 13.3% from a year earlier...

Marsh unveils parametric, captives business

Mon, 29 Apr 2024 03:03:09 GMT

Marsh has launched a practice called Global Alternative Risk Solutions, offering expertise in parametric cover, alternative risk transfer, captives and complex risk...

CFC sets up renewable energy M&A team

Mon, 29 Apr 2024 02:33:26 GMT

Cyber specialist CFC has created a team focused on underwriting representations and warranties insurance in the renewable energy market...

Insurers urged to ‘rewrite underwriting rule book’ for new era

Mon, 22 Apr 2024 04:52:30 GMT

More than 80% of industry executives believe predictive models are critical to underwriting’s future but less than a third say their business has advanced capabilities in this area, according to a Capgemini report...

Industry well placed for UAE flood claim surge, AM Best says

Mon, 22 Apr 2024 04:50:57 GMT

Severe flash flooding in the United Arab Emirates is likely to prompt a surge of claims, though low penetration and extensive reinsurance cover should mean insurers’ costs are “manageable”, AM Best says...

London market tipped to continue strong run

Mon, 22 Apr 2024 04:50:39 GMT

Strong underwriting discipline and rate adequacy will drive the London market’s performance, with added support expected from better investment yields, AM Best says...

Covid years muddy the waters for actuaries, AM Best says

Mon, 22 Apr 2024 04:49:50 GMT

The covid pandemic has distorted historical patterns used by actuaries as a heightened risk landscape increases challenges for reserve management, AM Best says...

Taiwan quake’s distance from tech park to curb claims

Mon, 15 Apr 2024 04:37:17 GMT

Losses from the Taiwan earthquake earlier this month are not expected to exceed those from the 2016 Meinong quake, which was centred closer to a key location for technology companies, AM Best says...

Lloyd’s names new commercial, Americas head

Mon, 15 Apr 2024 04:37:03 GMT

Lloyd’s has appointed Dawn Miller as Chief Commercial Officer and CEO of Lloyd’s Americas, based in New York...

Inflation impact ‘very evident’ in catastrophe sums insured

Mon, 15 Apr 2024 04:36:48 GMT

About $US111 trillion ($171 trillion) of property assets are insured for natural perils exposure worldwide, according to an industry database...