Rates fall, but shifts signal looming rises
27 February 2017
Global insurance rates declined for the 15th consecutive quarter due to abundant capacity and a lack of significant catastrophe losses, according to Marsh…
International
New Lloyd’s chairman to make ‘invaluable input’
27 February 2017
Lloyds’s has named Bruce Carnegie-Brown to succeed Chairman John Nelson, who is retiring after almost six years in the role…
CFOs focus on expansion, cost gains, EY study shows
27 February 2017
Growth is the main priority for insurers, and CFOs will focus on building insights to drive decision-making, according to a new global survey by EY…
Large cat losses hit Swiss Re profit
27 February 2017
Swiss Re says net profit fell 22.6% to $US3.56 billion last year as Canadian wildfires, the Kaikoura earthquake and Hurricane Matthew increased catastrophe losses…
Berkshire continues its winning streak
27 February 2017
Berkshire Hathaway’s insurance business increased fourth-quarter operating profit to $US548 million, up from $US306 million in the corresponding period of 2015…
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…
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…