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International

Brexit talks ‘need insurer input’

10 October 2016

UK financial services businesses, including insurers, must give the Government as much support as possible so the country leaves the European Union with the best deal for its economy, according to KPMG…

Hermine storm damage ‘was wake-up call’ for Florida

10 October 2016

Damage from Hurricane Hermine last month provided a reminder of the risks faced by Florida after more than a decade without a similar storm crossing the US state’s coastline, according to Impact Forecasting…

Britons make more general insurance complaints

10 October 2016

UK general insurance complaints, excluding payment protection, increased in the first six months of the year compared with the second half of last year, the Financial Conduct Authority says…

FM Global bulks up cyber coverage

10 October 2016

Commercial property insurer FM Global has unveiled Cyber Optimal Recovery, an endorsement to its all-risk Global Advantage policy…

Brexit blues extend low-confidence streak

03 October 2016

UK financial companies, including insurers, feel less optimistic following the national vote to leave the EU, a quarterly PricewaterhouseCoopers survey has found…

Myanmar to open doors to foreign insurers

03 October 2016

Myanmar will let foreign insurers enter early next year as part of a broader push to develop its financial services sector, according to local news reports…

FEMA seeks reinsurance back-up as claims rise

03 October 2016

The US Federal Emergency Management Agency is turning to reinsurance markets for flood cover for the first time, after disasters in recent years caused its debt levels to rise…

Arch raises capital to fund acquisitions

03 October 2016

Arch Capital has conducted a public offering of 18 million depositary shares at $US25 each to fund two major acquisitions, one of which will make it the largest private mortgage insurer in the world…

Health worker and patient safety linked: Aon

03 October 2016

US healthcare liability claims have moderately declined, according to a study by Aon and the American Society for Healthcare Risk Management, with further data analysis showing a correlation between worker and patient safety…

Lloyd’s hails ‘robust’ first-half performance

26 September 2016

Despite a highly competitive environment, the Brexit fallout and increased catastrophe losses, Lloyd’s has reported a £1.46 billion profit for the first half, up £260 million on the corresponding period last year…

UK regulator keeps eye on Big Data amid pricing concerns

26 September 2016

The UK’s Financial Conduct Authority will “further engage” with the retail general insurance sector after questions about Big Data use uncovered potential areas in which consumers may be disadvantaged…