Lloyd’s global CRO joins XL Catlin in similar role
23 May 2016
XL Catlin has appointed Lloyd’s Chief Risk Officer and General Counsel Sean McGovern as Chief Compliance Officer and Head of Regulatory & Government Affairs…
International
US Fed plans tougher capital standards for insurers
23 May 2016
The US Federal Reserve is planning to unveil proposals to beef up prudential requirements for systemically important insurance companies and other insurers that own an insured depository institution…
Talanx posts stable quarterly result
23 May 2016
HDI Global parent company Talanx has posted an 11.6% dip in profit to €222 million for its first quarter compared to the same period last year…
Aon data to help developers
23 May 2016
Impact Forecasting, Aon’s catastrophe modelling division, has shared its extensive earthquake data with the World Bank for its new online tool that helps property developers create resilient projects…
Insurance CEOs sign up to reduce climate change impact
23 May 2016
The New York-based global Insurance Development Forum has appointed an advisory committee of leading insurance CEOs to map out the insurance industry role in stemming the impact of climate change…
Trouble brewing for US insurers as income plummets
23 May 2016
US property and casualty insurers’ underwriting earnings declined last year and could be strained further as disturbing signals emerged in the December quarter…
Munich Re cuts profit outlook after first-quarter slide
16 May 2016
Munich Re has reduced its earnings projections for this year after a poor first quarter confirmed the reinsurer’s concerns over the difficult business landscape…
Nelson confirms exit plan, warns over Brexit
16 May 2016
Lloyd’s Chairman John Nelson has confirmed he will step down at next year’s May AGM as planned, and has warned the UK has much to lose if it leaves the European Union…
Canadian fire losses ‘could reach $6 billion’
16 May 2016
Claims from the Fort McMurray wildfire could exceed $C6 billion, according to ratings agency DBRS…
Zurich looks on bright side as earnings slump
16 May 2016
Zurich Insurance Group’s net profit for the three months to March 31 plunged 28% to $US875 million…
Multiline insurers ‘best placed to ride out challenges’
16 May 2016
Global insurers such as AIG and Allianz with strong diversified business lines are better placed than their smaller rivals to respond to economic slumps and other challenges, according to Standard and Poor’s…
Record revenue fuels Ebix profit rise
16 May 2016
Insurance technology specialist Ebix has posted a 21% rise in first-quarter net profit to $US22.2 million on the back of record revenue…
Reinsurers face squeeze: Fitch
16 May 2016
Global reinsurers will earn less profit this year as the weak business environment continues to affect results, according to Fitch Ratings…
IUMI welcomes new rules for maritime losses
16 May 2016
Revised rules governing global maritime losses will benefit the shipping community and insurers, according to the International Union of Marine Insurance…
Hannover Re hails pleasing start
16 May 2016
Hannover Re is on course to hit its full-year profit target of €950 million after posting a first-quarter profit of €271.2 million, up 12.7%…
Drones worth billions to insurers, PWC says
16 May 2016
Drones could replace $US6.8 billion worth of services for insurers in the near future, according to a PricewaterhouseCoopers report…
Crawford almost triples Q1 profit
16 May 2016
US-based claims management group Crawford & Company has recorded first-quarter net income of $US8.6 million, compared with $US3 million in the corresponding period last year…
Hiscox reports strong start to 2016
16 May 2016
Bermuda-based specialist insurer Hiscox has reported a 10% increase in gross written premium for the first quarter to £640.5 million…
Willis capital markets unit names CEO
16 May 2016
Willis Towers Watson has promoted Rafal Walkiewicz to CEO of investment banking arm Willis Capital Markets & Advisory…
Insurer develops ‘active assailant’ cover
16 May 2016
XL Catlin has added “active assailant” coverage to its crisis management product suite, responding to the threat of physical attack faced by businesses and public service providers…