Willis Re aims high with drone partnership
08 February 2016
Willis Re has formed a strategic partnership with drone operator Measure to expand the use of unmanned aerial vehicles in the insurance industry…
International
Axis result reflects challenging year
08 February 2016
Bermuda-based Axis Capital, which closed its retail insurance operations in Australia last October, says full-year net global income fell 22% to $US601.56 million following a “challenging year on many fronts”…
Beazley hails profit rise in soft market
08 February 2016
Beazley posted an improved net profit of $US249 million last year, as gross written premium grew 3% to $US2.08 billion…
US rates dip as commercial property insurers wage war
08 February 2016
The composite rate for US property and casualty business fell 4% last month as the price war among insurers intensified, according to analyst MarketScout…
Allied World profit tumbles
08 February 2016
Swiss-based (re)insurer Allied World has reported an 83% plunge in net profit for last year, as tough business conditions hit underwriting income…
Acting chief takes reins at Dual
08 February 2016
Hyperion Insurance Group has appointed Talbir Bains as CEO of Dual, the world’s largest international underwriting agency…
Zurich names new CEO, flags $390 million loss
01 February 2016
Zurich Insurance Group expects to record a $US275 million loss for last year, and has recruited Mario Greco, the CEO of Italy’s largest insurer Generali, as its new global CEO…
Climate change tops global risk list
01 February 2016
Climate change poses the biggest risk to the world and a failure to adapt to shifting weather patterns could have disastrous consequences, according to the World Economic Forum’s Global Risks Report for this year…
El Nino curbs catastrophe losses: Munich Re
01 February 2016
Global natural catastrophe losses hit a six-year low last year at $US90 billion, of which $US27 billion was insured, according to Munich Re…
Reinsurance capital stable: Guy Carpenter
01 February 2016
Reinsurance capital levels stabilised at the January renewals, according to a Guy Carpenter report…
Global profitability threatened, say regulators
01 February 2016
Worldwide general insurance premium grew 2.5% last year, according to the International Association of Insurance Supervisors…
‘New Chubb’ reports mixed legacy
01 February 2016
Ace Insurance, which completed its takeover of US rival Chubb on January 15, has posted a 0.7% drop in net profit for last calendar year…
‘Stellar performers’ aside, reinsurers’ outlook remains daunting: report
01 February 2016
Global share prices for listed reinsurance companies in the third quarter of last year point to more challenging times ahead, according to AM Best…
Asian cyber cover ‘set to soar’
01 February 2016
Almost one-third of Asian insurers expect cyber insurance to grow 50% in the next three years, a Munich Re survey shows…
Catastrophes up, insured losses down: Aon Benfield
01 February 2016
Global catastrophe losses were 30% lower last year than the 15-year average, despite an increase in disasters, according to Aon Benfield…
Reinsurance prices plumb new depths: Willis
01 February 2016
There has been no “softening in the softening” of reinsurance pricing, according to a new Willis Re report…
ILS global issue declines
01 February 2016
The global insurance-linked securities market issued $US6.9 billion of bonds last year, down from $US8.3 billion in 2014, as competition intensified, according to an Aon Securities report…
US P&C composite rate drops 4%
01 February 2016
MarketScout’s US property and casualty composite rate fell 4% in December, as insurers continued to fight for market share…
Swiss Re seeks agility in challenging environment
14 December 2015
Swiss Re has unveiled a “four-pillar” strategic framework to make the company more agile…
Regional chief to leave AIG
14 December 2015
President and CEO of AIG Asia-Pacific Jose Hernandez will leave the insurer as part of a major management reshuffle…