02 May 2016
Arch Capital says first-quarter net profit fell to $US149.3 million from $US277.9 million in the corresponding period last year, as earnings took a hit from currency losses and weaker reinsurance results…
02 May 2016
Axis Capital has reported first-quarter net income of $US38 million, down from $US156 million in the corresponding period last year…
26 April 2016
United Nations Secretary-General Ban Ki-moon has praised the insurance industry’s leadership on climate change, and says it is a “key actor” in managing and reducing climate change risks…
26 April 2016
Traditional reinsurance capital fell by $US13 billion last year to $US357 billion, according to a new report by Willis Towers Watson…
26 April 2016
US catastrophe modeller AIR Worldwide estimates industry insured losses to properties from the April 16 earthquake in Japan’s Kumamoto Prefecture will be $US1.7-$US2.9 billion…
26 April 2016
Insurers are seeking alternatives to fixed-income investments in their portfolios amid falling yields, according to BlackRock Global Head of Insurance Asset Management David Lomas…
26 April 2016
Swiss-based (re)insurer Allied World’s net profit fell 40.4% to $US74.1 million in the March quarter as the weak reinsurance market hit revenues…
26 April 2016
Catastrophe bonds worth at least $US2 billion were issued in the first quarter, easily surpassing the record set in the corresponding period last year, according to two separate reports…
26 April 2016
An aviation expert believes it is only a matter of time before one of the estimated 50,000 drones in circulation in Australia causes an aircraft disaster…
26 April 2016
A new industry body, the Insurance Development Forum, has been set up to aid disaster risk management efforts worldwide…
26 April 2016
Demand for transactional risk insurance continued to increase across all regions last year, as investors looked to reduce deal risk…
18 April 2016
Two major earthquakes have struck southern Japan and one has hit Ecuador over the past few days, causing widespread damage…
18 April 2016
Last year was Europe’s worst for terrorism in almost a decade, with shootings overtaking bombings as the preferred method of attack, according to a new report…
18 April 2016
JLT will pay about £22 million to settle a London lawsuit brought by rival broker Willis over the unauthorised recruitment of staff…
18 April 2016
US-based insurance software and services specialist Ebix has signed a contract to build a placement platform linking brokers and insurers across the entire London market…
18 April 2016
Insurers can expect some business disruption if Britain votes to leave the European Union in a June 23 national referendum, according to a QBE report…
18 April 2016
Gen Re Chairman and CEO Tad Montross will step down at the end of this year…
18 April 2016
The reinsurance market remains under pressure from rate declines, low investment yields and the influx of alternative capital, according to a new report from AM Best…
18 April 2016
The cost of business interruption is the leading cyber-risk concern for businesses, according to Aon Global Risk Consulting…
18 April 2016
Munich Re-owned Corporate Insurance Partner and Beazley have joined forces to offer cyber cover of up to $US100 million in response to growing demand…