Weak Q4 hits Aspen full-year profit
20 February 2017
Aspen Insurance Holdings’ net profit fell 37% to $US203.4 million last year as a fourth-quarter loss dragged down the result.
International
Swiss Re names new global claims head
20 February 2017
Jim George has been promoted to Global Head of Claims at Swiss Re Corporate Solutions…
Lloyd’s bans the liquid lunch
20 February 2017
Lloyd’s employees can no longer drink alcohol during work hours, under revised guidelines implemented by the market…
Lloyd’s shortlists sites for EU subsidiary
13 February 2017
Lloyd’s expects to reveal its preferred location for a new European Union subsidiary office by the end of next month, as it moves to protect the business from the negative impacts of Brexit…
Tornadoes leave US insurers with big bill for January
13 February 2017
US insurers will pay out more than $US1 billion after January brought severe weather and the largest number of tornadoes in 17 years, Impact Forecasting says…
Blockchain initiative expands to 15 members
13 February 2017
An industry group formed to explore blockchain technology has expanded to 15 members before a pilot project to test potential benefits…
General insurance rebound buoys Zurich earnings
13 February 2017
Zurich Group’s net profit jumped 74% to $US3.2 billion last year as its major general insurance division posted a stronger performance across all regions…
Nat cat claims take toll on Munich Re profit
13 February 2017
Munich Re’s net profit fell 16.1% to €2.6 billion last year, partly due to higher natural catastrophe claims costs in the fourth quarter…
UK motor premiums spiral to record high
13 February 2017
Premiums for comprehensive car insurance in the UK hit a record £462 on average in the fourth quarter of last year, partly driven by the rising cost of whiplash claims…
Catastrophe losses soar to four-year high: Willis Re
13 February 2017
Major catastrophe losses totalled $US39.5 billion last year, the highest sum since 2012, Willis Re says in a new global report…
BHSI bolsters European business with UK office
13 February 2017
Berkshire Hathaway Specialty Insurance has opened an office in London to grow its business in the UK and serve clients in Europe including Ireland, Spain, France and Italy…
Aon reports profit improvement
13 February 2017
Investment in high-growth areas, improved operational performance and record free cashflow generation of more than $US2.1 billion have produced strong results for Aon…
Willis Towers Watson profit falls
13 February 2017
Willis Towers Watson earned $US34 million net profit in the fourth quarter, taking its full-year net profit to $US312 million…
HDI parent beats profit target
13 February 2017
German insurer HDI Global’s parent company Talanx says it surpassed earnings targets last year, achieving group net income of more than €900 million…
Key markets drive Mapfre profit
13 February 2017
Spanish insurer Mapfre made net profit of €775 million last year, up 9.4% from 2015 as business at home and in key markets the US and Brazil picked up…
Digitalisation drive to fuel M&A
06 February 2017
Almost half of insurers expect to acquire new technologies through mergers and acquisitions in the next three years, according to a Willis Towers Watson survey…
Liberalisation ‘fuelling Asia-Pacific competition’
06 February 2017
Competition will heat up in the Asia-Pacific region as more countries liberalise rules on foreign investment and encourage new business, EY forecasts…
AIG, Berkshire unit sign reinsurance deal
06 February 2017
AIG expects its fourth-quarter financial results to include an “adverse development charge” due to a reinsurance agreement with Berkshire Hathaway-owned National Indemnity Company, announced last month…
Global premium growth slows: IAIS
06 February 2017
Non-life premium growth around the world was slower last year than in 2015, rising 2.4% in real terms, according to the International Association of Insurance Supervisors…
Chubb caps year of integration with ‘very good’ quarter
06 February 2017
Chubb more than doubled its fourth-quarter net income to $US1.61 billion as benefits flowed from the merger with Zurich-based Ace…