US insurers seek new paths to growth
21 August 2017
US insurers are trying to diversify their distribution channels to achieve growth in a “hypercompetitive” market, according to researcher Celent…
International
Reinsurers maintain profitability as losses dip: Fitch
21 August 2017
Lower than expected large loss experiences enabled the four leading European reinsurers to maintain underwriting profitability in the first half, according to Fitch…
RIMS pushes for US flood scheme renewal
21 August 2017
The Risk and Insurance Management Society plans a fundraising drive to support renewal of the US National Flood Insurance Program, which expires on September 30…
Talanx raises profit outlook after strong half
21 August 2017
German insurer Talanx has raised its full-year earnings guidance after first-half results were buoyed by fewer large losses…
Warm Atlantic raises US hurricane risk
14 August 2017
An “active” US hurricane season is increasingly likely as warm Atlantic Ocean temperatures raise the risks, according to forecasts issued as the peak storm period arrives…
Chinese flooding dominates July cat bill
14 August 2017
Six weeks of flooding in China has caused economic damage of more than $US10 billion and nearly 200 deaths, according to Impact Forecasting’s catastrophe recap for last month…
UK insurers back pre-Brexit focus on contract law
14 August 2017
The Association of British Insurers supports moves by the prudential regulator to put cross-border contract issues high up the agenda in Brexit negotiations…
Zurich hails turnaround progress
14 August 2017
Zurich has reported net income of $US1.5 billion for the six months to June 30, down 7% on the corresponding period last year…
Man-made disasters hit Munich Re profit
14 August 2017
Man-made disasters such as the Grenfell Tower fire in London contributed to a 24.8% drop in Munich Re’s second-quarter profit, but it remains confident of meeting the full-year target of €2-€2.4 billion…
Crawford profit rises as cost drive pays off
14 August 2017
Claims management group Crawford & Company has recorded a second-quarter profit of $US10.2 million, up from $US8.6 million in the corresponding period last year, largely due to cost reductions and higher case volumes…
Fairfax profit up as cat losses decline
14 August 2017
Canadian company Fairfax Financial Holdings, which has acquired Allied World, says second-quarter net earnings jumped 31% to $US311.6 million…
Acquisition prices deter insurers
07 August 2017
High market valuations are curbing acquisition activity by insurers and reinsurers, despite the temptation to board the corporate deal “roller-coaster” to drive growth amid weak markets, according to S&P Global…
Asian infrastructure boom opens doors for reinsurers: Fitch
07 August 2017
Stable domestic consumption, increased government infrastructure spending and expansion of the insurance market will drive reinsurance activity in Asia, according to a report by Fitch…
Cat bond issuance sets record in Q2
07 August 2017
Catastrophe bond issuance has climbed to record levels, driven by renewals and new sponsors entering the market, according to the latest Aon Securities report…
Aon makes gains across the board
07 August 2017
Aon’s second-quarter profit grew 156% to $US769 million ($968.63 million) thanks to growth in all major lines…
Consumer division lifts AIG operating profit
07 August 2017
AIG’s second-quarter operating profit grew 10% to $US1.45 billion as an improved result from its consumer division offset commercial weakness…
Merger costs dent Willis Towers Watson performance
07 August 2017
Restructuring costs prompted a 54.2% slump in net income for Willis Towers Watson in the second quarter, but first-half profit was up 21.6% and revenue was stable…
Tough markets, Debbie dent Swiss Re profit
07 August 2017
Swiss Re’s earnings dropped by about one-third in the first half amid tough market conditions and losses from Cyclone Debbie…
Debbie contributes to weaker Berkshire result
07 August 2017
Berkshire Hathaway has posted a net underwriting loss of $US289 million for the first half, including costs from Cyclone Debbie, compared with a profit of $US550 million in the corresponding period last year…
Investment returns save Liberty result
07 August 2017
Strong investment returns lifted Liberty Mutual’s second-quarter profit by $US111 million ($139.74 million) to $US126 million, making up for a combined operating ratio that deteriorated by 1.3 points to 102.7%…