Aspen defies ‘challenging’ market to grow Q2 profit
07 August 2017
Aspen Insurance Holdings increased its second-quarter net income to $US75.8 million from $US64.9 million in the corresponding period last year…
International
Hiscox grows premium in ‘tough market’
07 August 2017
Bermuda-based insurer and reinsurer Hiscox has grown gross written premium (GWP) by 13.3% to £1.46 billion ($2.4 billion) for the six months to June 30…
Takeover target Novae posts half-year loss
07 August 2017
UK-based Novae Group, set to be acquired by specialty lines insurer Axis Capital, has reported a pre-tax loss of £14 million ($23 million) for the first half…
ILS record ‘may sound death knell’ for old model
31 July 2017
Catastrophe bond issuance reached a record $US6.3 billion in the second quarter as insurers continued flocking to alternative capital to protect against risks, according to Willis Towers Watson’s market update…
Allianz Q2 profit soars
31 July 2017
Allianz’s preliminary results show an 83.4% rise in net income attributable to shareholders for the second quarter, to €2 billion…
XL Catlin profits from decline in cat losses
31 July 2017
XL Catlin recorded a net income of $US301.6 million in the second quarter, up from $US43.8 million in the corresponding period last year, aided by lower catastrophe losses…
Marsh & McLennan lifts insurance revenue
31 July 2017
The Marsh & McLennan risk and insurance services division’s revenue grew 4% to $US1.92 billion in the second quarter…
‘World-class underwriting’ lifts Chubb profit
31 July 2017
Chubb Chairman and CEO Evan Greenberg says the group is in “excellent shape”, with net income almost doubling to $US1.31 billion in the second quarter…
BIBA gives brokers an app edge on motor claims
31 July 2017
The British Insurance Brokers’ Association has backed a smartphone app that allows motor claims to be submitted in less than 10 minutes and aims to cut claims costs and reduce the 23-day average claims reporting time by up to 90%…
WR Berkley result highlights increasing competition
31 July 2017
WR Berkley has reported net income of $US109 million ($136.47 million) for the second quarter, up slightly from the corresponding period last year…
Lower catastrophe bill lifts Scor
31 July 2017
French reinsurer Scor made a net profit of €292 million in the half-year to June 30, up 6.2% on the corresponding period last year, due partly to a lower catastrophe bill…
Weak market drags on Arch in June quarter
31 July 2017
Arch Capital’s second-quarter net income fell to $US173.8 million from $US205.6 million, squeezed by sluggish market conditions…
New regional hubs pose threat to Lloyd’s: AM Best
24 July 2017
Lloyd’s faces a challenge to its competitive position in an increasingly difficult operating environment, according to ratings agency AM Best…
US storms take toll, but first-half cat costs drop
24 July 2017
US hailstorms and tornadoes dominated natural catastrophe costs in the first half, but global losses were less than half average levels, according to separate reports by Munich Re and Impact Forecasting…
Insurtech investments soar to record level
24 July 2017
Investors poured a record $US985 million into insurtech deals in the second quarter, up from $US398 million in the corresponding period last year, according to a Willis Towers Watson’s report…
Technology paves way for distribution, pricing overhaul
24 July 2017
US premiums are expected to fall as the industry adopts technology to reduce distribution costs, according to insurance exchange MarketScout…
AIG chief makes case for robot underwriters
24 July 2017
Rather than triggering massive job losses, automation will fill the insurance world with adaptive, tech-savvy employees who welcome change, according to AIG President and CEO Brian Duperreault…
Data law reforms to lift EU cyber market: Aon
24 July 2017
Demand for cyber coverage in Europe will grow sharply as the EU prepares to enforce data protection laws in May next year, according to Aon…
Aon study reveals top 50 US insurers
24 July 2017
The top 50 US property and casualty insurers achieve above-average return on equity and control costs better than the overall industry, according to Aon-owned Ward Group…
ABI blames Government as UK motor premiums soar
24 July 2017
The average UK motor insurance premium has hit a new record high of £484 following the Governments’ decision to cut the personal injury discount rate and increase the personal premium tax, according to the Association of British Insurers…