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International

Hiscox announces new EU base

15 May 2017

London-based international specialist insurer Hiscox will establish a new European subsidiary in Luxembourg in response to Brexit…

Insurers’ investment income under pressure

08 May 2017

Investment income for property and casualty insurers worldwide will remain under pressure even as the likelihood of “prolonged” low interest rates diminishes, Moody’s Investors Service says…

Cat bond market off to strong start: Aon

08 May 2017

The catastrophe bond market made a robust start to the year, with issuance totalling $US2.17 billion in the first quarter, Aon’s latest insurance-linked securities update says…

Berkshire insurance arm racks up Q1 losses

08 May 2017

Berkshire Hathaway’s insurance business sank into the red during the first quarter, driven down partly by estimated losses of $US52 million from Cyclone Debbie and incurred losses of $US270 million related to prior years’ loss events…

Debbie tears into Swiss Re profit

08 May 2017

Swiss Re has reported first-quarter net income of almost $US656 million, down from $US1.23 billion in the corresponding period last year…

Liberty puts specialty lines under Ironshore brand

08 May 2017

Liberty Mutual Insurance will combine its specialty lines business in the US with newly acquired specialist global insurer Ironshore, to create the nation’s sixth-largest underwriter of excess and surplus lines…

‘Unwavering focus’ pays off for Willis Towers Watson

08 May 2017

Willis Towers Watson’s first-quarter profit leapt 43.7% to $US352 million as it continued to consolidate following the merger in January last year of broker Willis and professional services company Towers Watson…

Wind and hail dent Liberty earnings

08 May 2017

Wind and hail losses more than offset improved investment results for Liberty Mutual in the first quarter, driving net profit down 11% to $US351 million…

ILS market ‘firing on all cylinders’

01 May 2017

The global insurance-linked securities market has sustained its strong momentum from last year, recording $US1.7 billion of bond capacity via five deals in the first quarter, according to Willis Towers Watson Securities…

Businesses display ‘serious disconnect’ in risk management

01 May 2017

Companies continue to spend more on property, plant and equipment insurance than on cover for cyber assets, despite their belief the latter are more valuable, according to the Aon-sponsored Global Cyber Risk Transfer Comparison Report…