Scor GWP rises, but profit dips
27 February 2017
French reinsurer Scor recorded gross written premium of €13.83 billion last year, up 3% on 2015…
International
Insurers back UK whiplash crackdown
27 February 2017
Reforms to stem the flow of claims for whiplash injuries “cannot come soon enough”, the Association of British Insurers says…
Deloitte tips big year for US consolidation
27 February 2017
Deloitte forecasts an active year for US insurance mergers and acquisitions, with a pick-up in the second half of last year setting the pace…
Lloyd’s warns of climate change threat to investments
27 February 2017
Insurers and reinsurers are particularly vulnerable to carbon-based assets and liabilities being suddenly or unexpectedly written down or devalued due to climate change, according to a report from Lloyd’s…
The things insurance chiefs worry about
20 February 2017
Insurance CEOs are embracing disruption but also worry more about the impact compared with business leaders in other sectors, according to a global survey by PricewaterhouseCoopers…
Offshore insurers on alert over Trumponomics
20 February 2017
Bermuda and other offshore insurance centres are wary of President Donald Trump’s “America first” economic agenda, which includes reducing the corporate tax rate…
AIG backs turnaround after notching bigger Q4 loss
20 February 2017
AIG insists its rejuvenation plans remain on track despite a massive fourth-quarter loss that dragged the insurance giant into the red last year…
Allianz earnings rise despite P&C struggles
20 February 2017
Allianz says net profit increased 4% to €6.9 billion last year as its life and health and asset management businesses offset weakness in the property and casualty division…
Cat losses dent Fairfax underwriting performance
20 February 2017
Fairfax Financial Holdings, which is acquiring New Zealand insurer Tower, says higher catastrophe losses hit its underwriting income last year…
Arch profit rises in fourth quarter
20 February 2017
Bermuda-based (re)insurer Arch Capital has posted a fourth-quarter profit of $US62.4 million, up from $53.1 million for the corresponding period in 2015…
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.
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…