10 July 2017
Storms in the US last month will cost insurers at least $US2 billion, while the economic cost of floods in China will run even higher, according to Impact Forecasting’s monthly catastrophe recap…
10 July 2017
Former Swiss Re group CEO Michel Lies will replace Tom de Swaan as Zurich Insurance Group Chairman next year…
10 July 2017
Indonesia’s growing economy will drive insurance premium growth, especially in property, credit guarantee and engineering, according to Fitch Ratings…
10 July 2017
The hurricane season’s onset means US insurance rates will likely continue their first-half upward trend, analyst MarketScout says…
03 July 2017
AIG will consider new ways of using its capital “intelligently”, including buying other companies…
03 July 2017
Businesses are increasingly the target of sophisticated cyber attacks and risk underestimating the “slow-burn” costs of breaches, research from Lloyd’s says…
03 July 2017
The World Bank’s Pandemic Emergency Financing Facility will be operational this month after two years of preparation, with heavy involvement from the insurance industry, including Munich Re and Swiss Re…
03 July 2017
Cladding on 181 UK tower blocks has failed fire safety tests enacted after the devastating blaze at London’s Grenfell Tower, which killed at least 80 people…
03 July 2017
Fitch has revised Lloyd’s outlook to negative from stable due to its underwriting performance and increased exposure to catastrophe risk…
03 July 2017
The right Brexit deal will not only ensure the insurance industry continues to be a “jewel in the UK’s crown”, but will also allow it to fulfil cross-border contracts, Association of British Insurers Director-General Huw Evans says…
03 July 2017
Employee training and periodic testing of cyber-security protocols are as important as the latest security software, according to a new Risk and Insurance Management Society report…
03 July 2017
Marine insurers must be “creative and resourceful” to help the logistics industry mitigate against increasingly sophisticated cyber attacks, the International Union of Marine Insurance says…
26 June 2017
Cladding on 60 high-rise properties across the UK has failed fire safety tests, with 540 buildings still to be tested…
26 June 2017
The UK’s Financial Conduct Authority is consulting on ways to improve cancer sufferers’ access to the travel insurance market…
26 June 2017
Growth opportunities remain in the reinsurance market, which has been depressed in recent years by an influx of cheap alternative capital, S&P Global Market Intelligence says…
26 June 2017
A US Congress committee has passed seven bills to reform and reauthorise the debt-ridden National Flood Insurance Program, which is due to expire on September 30…
26 June 2017
The UK Government has indicated it will move ahead with a crackdown on whiplash fraud, the Association of British Insurers says…
26 June 2017
The number of Marsh-managed captive insurers writing cyber cover surged 19% last year as companies sought innovative ways to manage risk, according to the global broker…
26 June 2017
Cyber risk must be addressed by insurers at the boardroom level, according to an EY report…
26 June 2017
Top cyber underwriters are shifting away from packaged towards standalone policies due to expensive litigation, according to AM Best…