03 April 2017
“Defective products and work” is the largest cause of liability losses worldwide, while the rise of the digital economy will present new loss scenarios for insurers, according to Allianz Global Corporate & Specialty…
03 April 2017
Bermuda’s (re)insurers face persistent challenging underwriting and investment conditions, according to ratings agency AM Best…
03 April 2017
Severe thunderstorms have been the largest annual aggregated risk in the US insurance industry over the past decade, topping hurricane losses, according to a Willis Re report.
27 March 2017
Hannover Re will acquire UK group Argenta Holdings, which owns Lloyd’s managing agent Argenta Syndicate Management and Lloyd’s members’ agent Argenta Private Capital…
27 March 2017
Advanced analytics offer the greatest opportunities for the US insurance industry this year, according to almost one-third of respondents to an AM Best survey…
27 March 2017
Internet of Things data and machine learning may overcome the failings of traditional supply chain risk management systems, which are falling short in a changing world, according to US analytics company Transvoyant…
27 March 2017
HDI Global’s parent Talanx earned net profit of €907 million last year, up 23.6% on 2015 as all divisions performed better than expected and major loss claims came in below company estimates…
27 March 2017
A significant proportion of the 1 billion people who live near active volcanoes are uninsured for eruptions, according to Swiss Re…
27 March 2017
British SMEs’ uptake of cyber insurance is not keeping pace with the ever-increasing risk, according to a report by research and consulting group GlobalData…
27 March 2017
Shareholders of Swiss (re)insurer Allied World last week approved a $US4.9 billion takeover offer from Canada-based Fairfax Financial Holdings…
20 March 2017
Innovators and investors are shifting focus from banking to insurance, according to the International Association of Insurance Supervisors…
20 March 2017
A quartet of disruptive forces upending the global economy have created growth opportunities for insurers, according to reinsurance broker Guy Carpenter…
20 March 2017
The global non-life insurance market will exceed $US2.7 trillion ($3.79 trillion) by 2020, buoyed by strong growth in the US and China, according to research group MarketLine…
20 March 2017
Lloyd’s and modelling company Arium have developed a data-driven methodology that improves insurers and reinsurers’ ability to assess risk exposures…
20 March 2017
Munich Re’s profit dipped 17% to €2.58 billion last year due to natural disaster costs incurred in the fourth quarter…
20 March 2017
Tokio Marine HCC and WR Berkley have invested $US17 million in Weather Analytics, a provider of weather and risk-predictive software for the insurance industry…
20 March 2017
Fairfax Financial Holdings has raised the cash portion of its $US4.9 billion cash-and-stock offer to acquire Swiss (re)insurer Allied World…
13 March 2017
Loss-making AIG is searching for a new CEO to replace Peter Hancock, who announced his resignation last week. It has also announced its Brexit strategy, which will see the formation of a subsidiary in Luxembourg…
13 March 2017
Strong underwriting results in property and casualty and solid investment income have resulted in Hannover Re posting a full-year profit of €1.17 billion, marking a 1.8% increase on 2015 and its fifth consecutive record result…
13 March 2017
Charity, business and finance groups have joined the Association of British Insurers in calling for the UK Government to scrap its planned increase to the insurance premium tax in June…