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%…
International
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…
US legislators widen flood insurance options
16 May 2016
A flood insurance bill that could provide consumers with more coverage choices is closer to becoming law after the US House of Representatives voted unanimously in favour…
Insurers urged to cross southeast Asian ‘frontier’
09 May 2016
Southeast Asia’s developing economies offer promising prospects for insurers willing to take a long-term investment approach, according to Swiss Re’s latest Sigma study…
Fire ‘may be Canada’s costliest catastrophe’
09 May 2016
The wildfire that has engulfed the north Canadian city of Fort McMurray has damaged or destroyed more than 1600 homes and structures and is threatening 19,000 more…
AIG heavyweight takes reins at QBE North America
09 May 2016
QBE has appointed former AIG Americas Casualty president Russell Johnston as its new North America CEO…
Munich Re tips premium growth, brighter market outlook
09 May 2016
The financial outlook for the global insurance industry has improved “slightly” over the past year, despite an uncertain economy, according to Munich Re’s market report for this month…
British insurers association puts brakes on driverless cars
09 May 2016
The Association of British Insurers has cast doubt on the emergence of true autonomous vehicles…
Q1 loss doesn’t tell full story: AIG
09 May 2016
AIG has reported a first-quarter net loss of $US183 million, slumping from a net income of $US2.47 billion in the corresponding period last year…
Profit up as Allianz hails ‘strong start’
09 May 2016
Allianz has posted a first-quarter profit of €2.2 billion, up 20.5% on the corresponding period last year, partly driven by non-operating realised gains…
Berkshire’s insurance earnings fall
09 May 2016
Berkshire Hathaway says net underwriting income fell 56% to $US213 million in the quarter to March 31, partly due to losses in its reinsurance group…
Integration cost hits Chubb Q1 earnings
09 May 2016
Chubb has reported a 35.6% decline in first-quarter net profit to $US439 million, due to integration costs and unfavourable currency movements…
Quakes lift April cat costs
09 May 2016
The global economy suffered its worst April catastrophe losses in five years, according to Impact Forecasting’s Global Catastrophe Recap for last month…
Storms and safety lapses threaten shipping, says Allianz
09 May 2016
Increasingly common extreme weather events such as “super storms” pose a growing threat to ships, according to Allianz Global Corporate & Specialty…
Beazley records GWP rise in first quarter
09 May 2016
London-listed Beazley has posted a 7% rise in gross written premium to $US583 million in the first quarter, driven by its biggest division, specialty lines…
US soft market ‘may be limited’
09 May 2016
US commercial insurance premium rates are moderating, suggesting that the soft market may be limited in its length and severity, according to analyst Marketscout…