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…
International
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…
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…
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…