Facebook blocks car insurer’s risk-profiling tool
07 November 2016
Facebook has stopped UK car insurer Admiral from using people’s profiles to ascertain how safe they might be as drivers…
International
Integration expenses dent Willis Towers Watson performance
07 November 2016
Integration and restructuring costs left Willis Towers Watson with a third-quarter net loss of $US32 million…
Berkshire’s underwriting income slumps
07 November 2016
Berkshire Hathaway has reported a third-quarter net operating profit of $US272 million, down 34.3% as weaker earnings hit two of its insurance arms…
CROs become ‘key enablers’ in corporate decisions
07 November 2016
Chief risk officers are playing an increasingly influential and important role, according to Ernst & Young’s annual insurance CRO survey…
IUMI opens Asia hub
07 November 2016
The International Union of Marine Insurance has opened an Asia hub in Hong Kong, marking the organisation’s first base outside Europe in its 142-year history…
WR Berkley profit rises
07 November 2016
WR Berkley has reported net profit of $US221 million for the three months to September 30, up from $US153 million in the corresponding period last year…
Allied back in black as investments pay off
07 November 2016
Swiss (re)insurer Allied World has recorded a $US68.6 million net profit for the third quarter, compared with a net loss of $US51.6 million in the corresponding period last year…
Broker-insurer ‘stand-off’ keeps US commercial rates low
07 November 2016
US commercial insurance rate movements held steady at minus 1% in September as insurers and brokers lock horns, according to analyst MarketScout…
Casserley to leave Willis Towers Watson
31 October 2016
Willis Towers Watson President and Deputy CEO Dominic Casserley will leave the group at the end of December, a year after helping to orchestrate the merger of the two companies…
AM Best flags Asia growth opportunity
31 October 2016
Asia’s expanding economies offer increasing insurance opportunities, AM Best says…
Flood Re chief hails public-private disaster programs
31 October 2016
Public-private partnership is the key to successfully mitigating against natural catastrophes, according to Flood Re CEO Brendan McCarthy…
Chubb in ‘good shape’ as Q3 income soars
31 October 2016
Chubb’s post-merger integration is progressing better than expected, with third-quarter net income rising to $US1.36 billion from $US528 million in the corresponding period last year…
Underwriting discipline lifts XL Group
31 October 2016
XL Group more than doubled its third-quarter net income to $US70.6 million from $US27.3 million in the previous corresponding period, aided by strong underwriting discipline and operational efficiencies…
Marsh & McLennan expects strong full-year result
31 October 2016
Marsh & McLennan has forecast strong full-year earnings growth after net profit jumped 17% to $US379 million in the third quarter…
Aon upbeat after flat third quarter
31 October 2016
Despite a relatively flat third quarter, President and CEO Greg Case remains confident Aon will meet its full-year performance targets as it enters its “seasonally strongest quarter”…
Gallagher eyes ‘strong finish’ to year
31 October 2016
Arthur J Gallagher is confident of ending the year on a high note, buoyed by a strong third quarter for its core brokerage and risk management arms…
Munich Re strives for data advantages
31 October 2016
Munich Re is investing in Big Data to improve its handling of risks and shore up its position against challenges from new competitors…
Arch builds on third-quarter profit
31 October 2016
Arch Capital has reported third-quarter net income of $US247.4 million, compared with $US74.5 million in the corresponding period last year…
Q2 ILS issue slips to five-year low
31 October 2016
New catastrophe risk capital issued in the second quarter fell to its lowest level since 2011, according to the Bermuda Monetary Authority…
Underwriters foresee huge premium lost from Brexit
24 October 2016
Britain’s European Union exit could affect £7.3 billion of premium written in the London company market, the International Underwriting Association estimates…