XL Catlin profits soar two years after consolidation
01 May 2017
XL Catlin’s first-quarter net income totalled $US152.8 million, compared with $US21.9 million in the corresponding period last year…
International
WR Berkley makes gains in ‘competitive climate’
01 May 2017
WR Berkley has celebrated its golden anniversary with improved first-quarter profit figures…
Chubb cashes in as merger brings efficiencies
01 May 2017
Chubb more than doubled its first-quarter net income to $US1.09 billion due to improved operational efficiencies and higher business retentions following its acquisition by and merger with Zurich-based Ace…
Populist trend fuels political risk fears
01 May 2017
Brexit and US President Donald Trump’s protectionist trade stance have pushed political risk back into the top 10 concerns for companies worldwide, according to Aon’s Global Risk Management Survey…
AIR Worldwide launches cyber model
01 May 2017
Catastrophe modeller AIR Worldwide has released a comprehensive cyber-risk modelling application for insurance and reinsurance markets…
XL Catlin joins ‘world-first’ driverless car project
01 May 2017
XL Catlin has joined a consortium aiming to deploy a fleet of connected, fully autonomous vehicles in the UK…
Underwriting discipline drives Arch income
01 May 2017
Bermuda-based Arch Capital earned $US241.9 million in net income for the first quarter, up from $US149.3 million in the corresponding period last year, aided by strong underwriting discipline…
Allied World reports Debbie-driven cat losses
01 May 2017
Allied World ran up net catastrophe losses of $US11 million in the first quarter due to claims associated with Australia’s recent Cyclone Debbie, as its combined operating ratio blew out to 99.1% from 96% in the corresponding period last year…
Cat losses hit Aspen profit
01 May 2017
Aspen Insurance Holdings’ first-quarter net profit fell to $US96.5 million from $US114.4 million in the corresponding period last year, hit by catastrophe losses and increased expenses…
JLT confident after first quarter
01 May 2017
Broker JLT says it has made a strong start to the year despite challenging trading conditions…
Fairfax turns profit as insurance operations perform
01 May 2017
Canadian company Fairfax Financial Holdings recorded gross written premium of $US2.61 billion in the first quarter, up from $US2.34 billion in the corresponding period last year…
Munich Re on track to hit profit target
01 May 2017
Munich Re says it is likely to achieve its net profit target of €2-€2.4 billion this year, based on indicative figures from the first quarter…
Improved US economy aids industry uptick
24 April 2017
The global insurance industry is expected to produce above-average growth, aided by improved economies in the US and other developed markets, Munich Re says…
UK regulator investigates aviation brokers
24 April 2017
The UK’s Financial Conduct Authority is investigating participants in the aviation insurance broking industry…
March sets records for non-El Nino period
24 April 2017
The world has experienced its hottest March outside an El Nino event, according to the US National Oceanic and Atmospheric Administration…
Reinsurer capital rising: Aon Benfield
24 April 2017
Global reinsurer capital increased 5% to $US595 billion last year, according to reinsurance broker Aon Benfield’s latest report…
UK election casts doubt on whiplash reforms
24 April 2017
Reforms to the UK whiplash laws which have led to sharp rises in motor premiums are in doubt after Prime Minister Theresa May called a snap election for June 8…
Allianz invests in Lemonade
24 April 2017
Allianz has made a “strategic investment” in Lemonade, the US-based insurtech that uses an artificial intelligence platform called Maya to craft policies for clients online…
Apple invests in driverless technology, secures test licence
24 April 2017
Tech giant Apple has won a permit to test driverless cars in California, and has revealed it is investing in automated vehicle research…
WR Berkley celebrates 50 years
24 April 2017
US-based insurer WR Berkley last week marked the 50th anniversary of its founding…