Positive outlooks drive up Munich Re, Swiss Re targets
16 December 2024
Global reinsurers Munich Re and Swiss Re have set stronger profit targets for next year amid an outlook for supportive market conditions...
International
Cat bonds ‘crucial’ as cyber threat spirals
16 December 2024
Alternative risk transfer solutions such as catastrophe bonds are key to bridging the growing cyber protection gap, the Geneva Association says...
Anti-vaxxers, lockdown fatigue tipped to exacerbate next outbreak
16 December 2024
The impacts of the next pandemic may be made worse by covid trends such as anti-vax sentiment, according to a paper from Lloyd’s and the Cambridge Centre for Risk Studies...
Reinsurance facility aims to bolster Ukraine investment
16 December 2024
Aon and the European Bank for Reconstruction and Development have outlined a new €110 million ($180.5 million) facility to provide reinsurance capacity for war-related risks in Ukraine...
Storms, floods extend run of $US100 billion-plus nat cat losses
09 December 2024
US hurricanes and European floods have driven global insured losses from natural catastrophes above $US100 billion ($156.42 billion) for the fifth year in a row, Swiss Re says...
Zurich closes $930 million AIG travel deal
09 December 2024
Zurich has completed its $US600 million ($932.28 million) acquisition of AIG’s global personal travel business, which will operate under the Cover-More brand...
Personal lines drive US earnings turnaround
09 December 2024
US property and casualty insurers made a combined net underwriting profit of $US4.1 billion ($6.4 billion) in the first nine months of this year, AM Best says...
Insurers resilient in uncertain times: IAIS
09 December 2024
General insurers’ profitability is expected to remain stable or improve next year supported by investment returns and as businesses pursue growth and leverage technology, according to an International Association of Insurance Supervisors report...
Allianz outlines next year’s top D&O exposures
09 December 2024
Executives face exposure from insolvencies, geopolitical upheaval, artificial intelligence and legal changes next year, according to the Allianz Commercial directors’ and officers’ report...
AI shapes as key cyber battleground: S&P
02 December 2024
Artificial intelligence will be a “key focus” for the cyber insurance industry as attackers and defenders aim to deploy it...
Abundant capacity grounds aerospace rates
02 December 2024
Aerospace insurance rates are expected to remain stable amid ample capacity, according to a WTW sector update...
‘Hyperactive’ hurricane season draws to a close
02 December 2024
The Atlantic hurricane season has been labelled “hyperactive” after a lull in activity in August and September...
US consumers, industry players rank risks
02 December 2024
Cyber, climate and business interruption risks are the three main areas of concern for US industry stakeholders, according to a survey by Munich Re and the Insurance Information Institute...
Industry profits rising but Trump trade policy poses danger
25 November 2024
General insurance profitability is improving as the hard market plateaus, according to Swiss Re...
UK insurers flag climate threat as payout record broken
25 November 2024
British insurers paid more than £1.3 billion ($2.5 billion) in property claims over the third quarter, up about £200 million ($384.71 million) on a year earlier, industry figures show...
US insurance mogul admits $3 billion fraud
25 November 2024
A billionaire businessman has admitted conspiracies involving misuse of $US2 billion ($3.1 billion) of company funds to defraud US insurance regulators and thousands of policyholders...
HDI nine-month revenue passes $12 billion
25 November 2024
HDI Global’s combined operating ratio hit 90.5% in the first nine months of the year, improving from 92.7% a year earlier...
Wildfire triggers Californian cover mandate
18 November 2024
California has acted to ensure continuing insurance protections for more than 200,000 policyholders in the Mountain Fire area in the state’s south...
‘New mindset needed’: study shows flood protection benefits
18 November 2024
Investing in flood defences such as dams and dykes pays off in the long term, Swiss Re says in a new report...
Swiss Re hails ‘favourable position’
18 November 2024
Swiss Re has reported net income of $US2.2 billion ($3.52 billion) for the first nine months of the year...