Rendezvous looks ahead to Brexit
19 September 2016
The UK’s pending exit from the EU is not a major issue for reinsurance, the 60th Reinsurance Rendezvous in Monte Carlo heard last week…
International
Guy Carpenter flags terrorism businesses interruption gap
19 September 2016
Insurers must review the way business interruption covers and other policies are structured as terrorists increasingly target maximum economic damage over loss of lives, reinsurance broker Guy Carpenter says…
ABI reports rise in insurance fraud detections
19 September 2016
UK insurers detected 130,000 fraudulent claims last year, according to Association of British Insurers statistics…
Risk managers ‘crucial to M&A success’
19 September 2016
Risk professionals play a vital role in a company’s merger and acquisition process, according to a new Risk and Insurance Management Society report…
AIR Worldwide builds on terrorism model
19 September 2016
AIR Worldwide has expanded its terrorism risk model to support scenario testing for the US and 27 other countries, including Australia…
Driverless tech to slash car premiums: Aon Benfield
19 September 2016
US motor insurance premiums may fall more than 40% by 2050 on conservative estimates, according to Aon Benfield’s annual Global Insurance Market Opportunities report…
Drone insurance market to soar, Allianz says
19 September 2016
The global drone insurance market could be worth more than $US1 billion by 2020 and $US500 million in the US alone, according to Allianz Global Corporate & Specialty…
Commercial rates a mixed bag, US study shows
19 September 2016
US commercial insurance prices increased by less than 1% in the second quarter, according to Willis Towers Watson…
Munich Re is rising to challenges, rendezvous hears
12 September 2016
Munich Re says the reinsurance market continues to be dominated by strong competition and “relentless pressure to change”, but it believes it is meeting these challenges…
August catastrophes further highlight insurance gaps
12 September 2016
Floods in Louisiana cost the US economy more than $US10 billion but more than 80% of affected homeowners were not covered, according to Impact Forecasting’s catastrophe report for last month…
ILS indices beat S&P 500 returns: Aon
12 September 2016
Insurance-linked securities outperformed investment returns from the US S&P 500 Index in the year to June 30, according to an Aon Securities report…
US fracking quake risk too big to ignore: Swiss Re
12 September 2016
Seismic activity linked to fracking operations’ wastewater disposal has reached unprecedented levels in the US state of Oklahoma and the probability of widespread damage is now too high to ignore, Swiss Re warns in a new report…
Trov US rollout gains Munich Re backing
12 September 2016
Munich Re will provide underwriting capital and insurance licensing to San Francisco-based technology developer Trov when its insurance app goes live in the US next year…
Lloyd’s warns of offshore move post-Brexit
12 September 2016
Lloyd’s will move some business out of London if the UK fails to maintain passporting rights to the EU during Brexit negotiations, Chairman John Nelson says…
American commercial vehicle insurers raise rates
12 September 2016
US commercial auto insurance rates increased 3% last month, the largest increment among coverage classes, according to analyst MarketScout…
Cooper Gay ‘redefines broking’ with Ed rebrand
12 September 2016
Global wholesale insurance and reinsurance broker Cooper Gay Swett & Crawford has rebranded with a new name, Ed…
Lloyd’s veteran takes up Singapore regulatory role
12 September 2016
Lloyd’s regulatory expert Kim Swan has been appointed Regional Regulatory and Compliance Manager for Asia-Pacific, based in Singapore…
Insurers ‘have moral duty’ to serve difficult markets
05 September 2016
Insurers should not walk away from difficult markets such as flood cover, according to a director from a Canadian mutual insurer…
Overseas insurers struggling in China: report
05 September 2016
Foreign insurers continue to find it tough making inroads in the huge Chinese market, according to a joint report from Ernst & Young and Oxford Economics…
Zurich completes redundancy review
05 September 2016
Zurich has finalised “on a group level” the number of staff to be made redundant under a global shake-up new CEO Mario Greco announced in June…