Myanmar quake causes far-reaching damage
31 March 2025
Damage assessments are continuing after a 7.7-magnitude earthquake in Myanmar on Friday destroyed local buildings and caused a high-rise tower under construction in Bangkok to collapse...
International
Japanese giant merges key businesses
31 March 2025
Japan’s MS&AD will merge its Mitsui Sumitomo and Aioi Nissay Dowa insurance businesses to create a company with the biggest share of the country’s non-life market...
LA wildfires spotlight protection gap: Howden Re
31 March 2025
Howden Re says there is heightened pressure to address the natural catastrophe protection gap as risks and economic losses increase...
Mitsui Sumitomo to buy WR Berkley stake
31 March 2025
US-based WR Berkley says Mitsui Sumitomo Insurance plans to acquire a 15% stake in the company...
Lloyd’s expects rate adequacy focus, further GWP gains
24 March 2025
Rate adequacy will be a dominant theme this year but talk of “inevitable cycle turns” is simplistic, Lloyd’s chief of markets Patrick Tiernan told an annual results briefing
HDI parent beats targets as earnings jump
24 March 2025
Talanx Group, which includes Hannover Re and HDI Global, has reported a 25% rise in full-year net income to €1.977 billion ($3.4 billion) as all divisions contributed to growth...
Markel names division CEO in company shake-up
24 March 2025
Markel Group has appointed Simon Wilson as CEO of its specialty, international and global reinsurance businesses, amid broader efforts to sharpen its customer focus...
Directors on alert over data, cyber threats
24 March 2025
A survey of directors and officers has identified data loss, regulatory breaches and cyberattacks as the top risks facing the insurance and finance sectors...
Trade tension, war among top political risks: Marsh
17 March 2025
Marsh has flagged growing concern over short-term supply chain failings as global trade faces threats of disruption and protectionism...
North Sea ship collision losses could reach $474 million
17 March 2025
Total insured losses from a collision between a cargo ship and a fuel tanker in the North Sea could reach $US100-$US300 million ($158-$474 million), according to Morningstar DBRS...
M&A deal numbers slump to 16-year low
17 March 2025
Insurance merger and acquisition deals fell to a 16-year low last year, with just 204 transactions compared with 346 in 2023, according to Clyde & Co...
Canopius confident amid ‘challenging’ environment
17 March 2025
Canopius’ profit after tax increased 10% to $US401.3 million ($634.1 million) last year, driven by strong premium growth...
Zurich rebrands cross-border business
17 March 2025
Zurich has renamed its international programs business as it marks 50 years of insuring commercial customers operating across borders...
D&O price cuts tipped to ease after falling ‘too far, too quick’
10 March 2025
A slide in directors’ and officers’ renewal prices dating back two years is likely to moderate as insurers face headwinds, AM Best says...
Lloyd’s paper highlights solar storm risk scenarios
10 March 2025
A major solar storm could inflict massive global economic losses by damaging critical infrastructure such as energy grids and satellite networks, and disrupting financial systems, according to Lloyd’s...
Crawford & Company sets revenue record
10 March 2025
Revenue at Crawford & Company rose 2% to a record $1.29 billion ($1.62 billion) last year...
Trump tariffs weigh on insurer ratings: AM Best
10 March 2025
US tariffs on leading trade partners are expected to create more uncertainty for insurers, increase insured losses and weigh on ratings, according to AM Best...
Liberty sells Thai, Vietnamese businesses
03 March 2025
Liberty Mutual Insurance is selling operations in Thailand and Vietnam to Chubb as it focuses on other markets in the Asia-Pacific region...
Swiss Re ‘on right track’ as revenue grows
03 March 2025
Swiss Re’s revenue climbed to $US45.6 billion ($73.4 billion) last year from $US43.9 billion ($70.6 billion) in 2023...
Allianz breaks annual profit record
03 March 2025
Allianz’s operating profit jumped 9% last year to a record €16 billion ($26.8 billion)...