US insurers ‘over-exposed to fossil fuels’
30 May 2016
US general and life insurers’ have an investment in fossil fuel estimated to be worth nearly half a trillion dollars – a figure that’s is too “risky” in a world aspiring to a low-carbon future…
International
Arch names new Europe CEO
30 May 2016
Arch Insurance Europe has appointed Matthew Shulman as President and CEO, replacing James Weatherstone, who held the positions since 2008…
World Bank launches pandemic insurance fund
23 May 2016
The World Bank is launching a $500 million insurance fund to protect the world against deadly pandemics, creating the first insurance market for pandemic risks…
Gen Re announces new CEO
23 May 2016
Gen Re has appointed Berkshire Hathaway reinsurance executive Kara Raiguel as its new CEO…
Brexit would damage London’s status as insurance capital: Munich Re
23 May 2016
Munich Re has warned that Britain’s exit from the European Union – “Brexit” – would result in London losing some of its clout as one of the world’s leading insurance hubs…
Captive use growing, says Marsh
23 May 2016
The number of captive insurers writing non-traditional risks such as supply chain, cyber liability and political risk rose substantially last year, according to global broker Marsh…
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…
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…