Axa secures financing for XL deal
21 May 2018
Axa has lined up funds for its €12.4 billion acquisition of XL Group after completing the initial public offering of US subsidiary Axa Equitable Holdings…
International
XL Catlin targets autonomous tech growth
21 May 2018
XL Catlin has established a Global Autonomy Centre of Excellence for the development of insurance products designed for emerging technologies…
Britain considers flammable cladding ban
21 May 2018
The UK Government has begun consultation on banning combustible cladding on high-rise residential buildings…
Better times ahead for US commercial lines: Fitch
21 May 2018
US property and casualty insurers should enjoy better performance in the commercial sector this year after a rough 2017, Fitch says in a new report…
Cyber take-up to rise as SMEs get on board
21 May 2018
AM Best predicts demand for cyber insurance will increase as more businesses accept the threat is here to stay…
UK industry acts on issue of ‘loyalty penalties’
14 May 2018
British insurers and brokers have released a set of “guiding principles and action points” to tackle pricing practices that penalise loyal customers in personal lines cover…
Lloyd’s gives NRA the bullet
14 May 2018
Lloyd’s Corporation has terminated its involvement with all programs offered, marketed or endorsed by the US National Rifle Association…
Hawaii volcano destroys homes as lava poses new threats
14 May 2018
Hawaii’s Kilauea volcano has destroyed homes and triggered evacuation orders for two housing estates, as lava flows and toxic fumes erupt from fissures…
Competition grows as insurers target US cyber market
14 May 2018
The fast-growing US cyber-cover market is increasingly competitive as insurers seek profitable expansion…
US storms cost insurers $2 billion
14 May 2018
Severe storms in the US last month left a $US2.3 billion damage bill, including about $US1.5 billion in insurance claims…
XL Catlin backs ocean risk modelling project
14 May 2018
XL Catlin is supporting a US think tank’s work to produce a predictive mapping model that identifies the developing coastal communities most vulnerable to climate change…
Lower losses lift Munich Re Q1 profit
14 May 2018
Munich Re has increased first-quarter net profit to €827 million from €557 million…
Asia-Pacific lifts Zurich P&C business
14 May 2018
Zurich’s property and casualty arm reported a 5% rise in first-quarter gross written premium, with strong Asia-Pacific business offsetting declines in North America…
Reinsurance market picking up: Hannover Re
14 May 2018
Conditions in the property and casualty reinsurance market are improving, Hannover Re says…
Talanx off to ‘good start’ as GWP rises
14 May 2018
Talanx’s gross written premium grew 8.3% to €10.6 billion in the first quarter, with Storm Friederike the major loss event for the period…
Willis Towers Watson makes gains
14 May 2018
Willis Towers Watson’s first-quarter net income increased 27% to $US447 million…
Rate rises drive Beazley earnings
14 May 2018
Global specialist insurer Beazley has reported a 10% rise in first-quarter gross written premium to $US631 million…
Hiscox cashes in on early rate rises
14 May 2018
Hiscox’s gross written premium jumped 24.3% to $US1.16 billion in the first quarter as the specialty insurer took advantage of a hardening market…
Fitch ‘negative’ on reinsurance as rates refuse to budge
07 May 2018
Reinsurers are struggling to push through significant rate rises because investors in alternative capital are accepting lower prices, Fitch Ratings says…
Smaller insurers under the pump in China: AM Best
07 May 2018
Conditions in the Chinese market heavily favour the country’s five biggest general insurers, which share more than 70% of the business, AM Best says…