Reinsurers maintain performance in tough market
24 April 2017
Reinsurers have produced “robust” results despite enduring persistently poor conditions, according to Willis Re’s latest market report…
International
North America risk costs fall further
24 April 2017
Risk costs in North America have fallen for a third straight year despite rising uncertainty and increasing complexities, according to the annual Risk and Insurance Management Society Benchmark Survey…
Crawford promotes ex-GAB Robins chief to international role
24 April 2017
Kieran Rigby has been promoted to President of International Operations at risk and claims management provider Crawford & Company, based in London…
Trump’s protectionism fuels political risk: Aon
10 April 2017
President Donald Trump’s protectionist stance is likely to worsen global political risk, according to Aon’s annual Political Risk, Terrorism and Political Violence maps…
Flood coverage rises under UK pool
10 April 2017
The UK’s Flood Re scheme has significantly increased access to affordable cover in high-risk areas, the authority says after its one-year anniversary…
Forecaster tips below-average Atlantic hurricane season
10 April 2017
A below-average Atlantic hurricane season is expected this year, forecaster Tropical Storm Risk says…
Debbie adds to global insurance bill for March
10 April 2017
Destruction caused by Cyclone Debbie and other severe weather events last month has left insurers with a global bill of more than $US2 billion ($2.67 billion), according to Impact Forecasting’s latest catastrophe report…
FM Global produces world flood map
10 April 2017
Commercial property insurer FM Global has developed an interactive flood map to help companies determine if their operations are at risk…
US start-up targets ‘modern urban consumers’
10 April 2017
An online insurer that targets city dwellers and covers everything “from your cardigan to your Cartier” has launched in the US…
US commercial rates turn
10 April 2017
US commercial property and casualty rates increased 1% in the first quarter, the first rise in 20 months, according to analyst MarketScout…
Lloyd’s records flat profit, picks Brussels as EU hub
03 April 2017
Lloyd’s has reported a pre-tax profit of £2.1 billion ($3.4 billion) for last year, unchanged from 2015, and says it will open a European Union subsidiary in Brussels post-Brexit…
Retaining EU access vital, BIBA warns
03 April 2017
The UK’s role as the leading insurance centre is at risk if it loses access to the European Union’s huge market after leaving the bloc, the British Insurance Brokers’ Association says…
UK regulator highlights comparator concerns
03 April 2017
The UK’s Competition and Markets Authority says price comparison websites help consumers “make informed choices and save money”, but it also flags concerns about the way they operate…
UK insurance jobs face major automation risk: PWC
03 April 2017
Almost one-third of UK financial and insurance jobs may be at high risk of automation by the early 2030s, according to a PricewaterhouseCoopers (PWC) report…
Lloyd’s urges united front to build city resilience
03 April 2017
Insurers, government officials and other stakeholders must move beyond asset-by-asset risk management to make cities more resilient to catastrophes, according to a new report…
Liability risks evolving, AGCS says
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…
Pressure growing on Bermuda businesses, AM Best warns
03 April 2017
Bermuda’s (re)insurers face persistent challenging underwriting and investment conditions, according to ratings agency AM Best…
Willis Re works to track US thunderstorm risk
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.
Hannover Re buys into Lloyd's with Argenta deal
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…
US insurers look to advanced analytics benefits
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…