AIR upgrades southeast Asia cat models
27 June 2016
AIR Worldwide has enhanced its modelling systems to assess typhoon and earthquake risks in disaster-prone southeast Asia…
International
Crawford rewards interim chief for profit turnaround
27 June 2016
Crawford & Company has appointed Interim President and CEO Harsha Agadi to the roles permanently…
BHSI takes on Asian accident and health
27 June 2016
Berkshire Hathaway Specialty Insurance (BHSI) will offer accident and health products in Asia as it looks to grow its business in the region…
Japan quake claim payouts hit $3.9 billion
27 June 2016
Insurance claim payments following an earthquake in Japan earlier this year have reached ¥301.9 billion, according to industry figures…
Fosun seeks US listing for Ironshore
27 June 2016
Chinese conglomerate Fosun is a step closer to listing insurer Ironshore on the New York Stock Exchange or NASDAQ…
KPMG flags failure in insurer transformations
20 June 2016
Insurers must start giving more priority to customers if they want to transform their operations in the new business landscape, according to a KPMG report…
Japanese insurers suffer outlook downgrade
20 June 2016
Fitch Ratings has cut its outlook on 11 Japanese insurers to negative from stable, following a government decision to delay a consumption tax increase…
Zurich sells Taiwan, Morocco businesses
20 June 2016
Zurich has sold insurance businesses in Taiwan and Morocco and says reshaping its geographic footprint is among its highest priorities over the next two years…
Skills gap looms as industry seeks digital expertise
20 June 2016
Insurance companies will focus on expanding this year, with a particular emphasis on recruiting people with digital, systems and software development skills, according to PricewaterhouseCoopers…
New UK laws to hit insurer margins, Fitch warns
20 June 2016
British commercial insurers face more intense price competition and slimmer margins due to forthcoming legislative changes, according to Fitch Ratings…
Munich Re to support Asian trade financing
20 June 2016
Munich Re will provide up to $US250 million of insurance capacity for trade financing in Asia, under an agreement with the Asian Development Bank…
UN-backed forum starts work on disaster risk management
20 June 2016
The United Nations-backed Insurance Development Forum has opened discussions on ways insurers can apply their expertise to improve global disaster risk management…
US commercial lines maintain slight price growth
20 June 2016
US commercial insurance prices increased by less than 1% in the first quarter of this year, according to a survey by Willis Towers Watson…
Terrorists ‘prefer guns to bombs’
20 June 2016
The Orlando nightclub shootings that left 49 people dead confirm terrorists’ increasing preference for guns over bombs, according to catastrophe modeller RMS…
More insurers join UK flood scheme
20 June 2016
Another 20 insurers have joined the UK’s government-backed Flood Re scheme, bringing the total to 36 since its launch on April 4…
Lloyd’s syndicates face rough ride: S&P
14 June 2016
London-based Lloyd’s syndicates face a triple whammy of strong competition, excess capacity and softening rates despite solid results last year, Standard and Poor’s says in a report…
World security worsens as terror takes toll
14 June 2016
The world became a more dangerous place last year amid a surge in terror-related acts and political instability, according to the annual Global Peace Index…
Emerging Asia offers growth opportunity, IIS told
14 June 2016
Asia’s emerging economies are ripe for the picking, with many new underwriting growth avenues, the International Insurance Society’s Global Insurance Forum was told yesterday…
May cat claims to exceed $9 billion
14 June 2016
Disasters last month are expected to cost insurers at least $US7 billion, according to Impact Forecasting’s latest Global Catastrophe Recap…
London insurers attack Brexit claims
14 June 2016
UK insurers have scotched claims by pro-Brexit campaigners that leaving the European Union will have no industry repercussions…