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…
International
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…
Business interruption impact rising, Allianz says
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…
Xchanging endorses US tech company’s bid
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…
Willis Towers Watson merger wins shareholder nod
14 December 2015
Shareholders of Willis Group Holdings and Towers Watson have voted in favour of their $US18 billion “merger of equals”…
Reinsurance outlook negative: Moody’s
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…
Liberty sees life amid the wreckage of profit slump
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…