14 December 2015
Physical damage to property is an obvious and devastating result of natural catastrophes and man-made disasters, but the economic impact from business interruption is often much higher and presents a growing risk, according to Allianz Global Corporate & Specialty…
14 December 2015
US-listed Computer Sciences Corporation is the new favourite to acquire Xchanging, after the UK-based insurance outsourcing business endorsed its offer – but other bidders including Ebix are still in play…
14 December 2015
Shareholders of Willis Group Holdings and Towers Watson have voted in favour of their $US18 billion “merger of equals”…
14 December 2015
Excess capacity and shrinking demand from primary insurers have created “sustained pressure on reinsurance pricing and erosion of terms and conditions”, according to ratings agency Moody’s…
14 December 2015
Liberty Mutual Insurance has reported a net loss of $US427 million for the September quarter, a dizzying reversal from a $US605 million net profit in the corresponding period last year…
14 December 2015
Insured losses from devastating floods in northern England are estimated at £250-£325 million, and are likely to rise if predictions of more bad weather prove correct, according to PricewaterhouseCoopers UK…
14 December 2015
Premium pricing for global directors’ and officers’ liability insurance has fallen for the ninth consecutive quarter, according to the latest report from Aon Risk Solutions…
07 December 2015
Zurich Insurance Group is searching for a new CEO to replace Martin Senn, who quit after a series of “setbacks” rocked the group…
07 December 2015
Lloyd’s has released a report to help insurers better manage liability exposures, which are more complex because they are harder to conceptualise than natural catastrophes…
07 December 2015
The UK’s Prudential Regulation Authority will step up its oversight of the insurance industry, which must conform to Europe’s Solvency II regulatory regime from January 1…
07 December 2015
XL Catlin CEO Mike McGavick told the Paris climate change conference the (re)insurance industry will strive to support resilience and disaster risk reduction…
07 December 2015
Low interest rates mean insurers can no longer rely on robust investment returns and must understand and reduce their growing vertical and horizontal exposures, according to the American Institute of Marine Underwriters…
07 December 2015
Insurers can improve their cyber-risk profiles and avoid unnecessary litigation by designing new policies, creating single-risk limits and establishing contingency reserves, AM Best says…
07 December 2015
Lloyd’s says it will continue to play a key role on climate change risk analysis, supporting awareness among consumers and reducing environmental impacts…
07 December 2015
The European Commission has recognised the Bermuda Monetary Authority’s prudential framework for reinsurance as meeting the impending Solvency II requirements…
07 December 2015
US commercial property and casualty rates fell 3% last month after dropping 2% in October, according to analyst MarketScout…
07 December 2015
Lloyd’s Hong Kong General Representative Dylan Bryant will leave the market to become Head of Sales North Asia for Swiss Re Corporate Solutions in the first quarter of next year…
30 November 2015
Eight Lloyd’s syndicates have committed $US400 million to help emerging nations tackle underinsurance and improve economic resilience against natural catastrophes…
30 November 2015
Allianz has teamed up with Chinese internet search giant Baidu and Asian investment company Hillhouse Capital Group to establish an online insurance company in the world’s second-biggest economy…
30 November 2015
US cyber-insurance rates increased more than 15% on average in the third quarter, bucking the composite commercial lines decline of 4.8%, according to Marsh…