28 September 2015
Zurich Insurance Group has dropped its £5.6 billion bid for UK-based RSA Insurance Group after revealing its general insurance arm will lose about $US200 million in the third quarter…
28 September 2015
Beazley and fellow operators of Lloyd’s syndicates Aspen Insurance and Brit Global Specialty have created the International Cyber Consortium to underwrite data breach coverage for non-US businesses…
28 September 2015
QBE GM Credit and Surety Richard Wulff will relocate to Hong Kong in January to build the insurer’s credit and surety business in the region…
28 September 2015
The global cost of cyber attacks over the past year is estimated at $US315 billion, according to a report from financial consultants Grant Thornton…
28 September 2015
Standard & Poor’s has downgraded its ratings on 10 Japanese insurers, including some foreign subsidiaries…
28 September 2015
A group of London broking companies that account for more than 80% of business placed in the city’s market have committed to placing insurance deals electronically on a platform powered by Ebix…
28 September 2015
The rise of insurance-linked securities and other forms of alternative capital remains bad news for the reinsurance sector, according to Fitch Ratings…
28 September 2015
A record number of insurance-linked securities were issued in the second quarter, according to the Bermuda Monetary Authority…
28 September 2015
Southeast Asian businesses are ill-prepared to deal with the current haze crisis caused by Indonesian forest fires, Marsh Risk Consulting warns…
21 September 2015
Reinsurers face another tough year, with competition and abundant capital continuing to dampen premium rates, according to Swiss Re Chief Economist Kurt Karl…
21 September 2015
Global insured catastrophe losses are expected to total $US74 billion this year, up from $US72.6 billion last year, according to modeller AIR Worldwide…
21 September 2015
Cyber insurance premium written last year totalled about $US2.5 billion, and is expected to triple to $US7.5 billion by 2020, according to PricewaterhouseCoopers…
21 September 2015
About $US1.3 trillion has been lost following natural disasters over the past 10 years due to underinsurance, Swiss Re’s latest Sigma report says…
21 September 2015
The Association of British Insurers has published a new guide to ease public concerns about the use of personal data for commercial purposes…
21 September 2015
AIR Worldwide has begun work on an “advanced” cyber-risk model for insurers…
21 September 2015
UK-based JLT Group founding partner John Lloyd will step down as CEO of JLT Specialty at the end of the year…
21 September 2015
North American commercial insurance prices increased 1% on aggregate in the second quarter of this year, according to Towers Watson…
14 September 2015
Demand for reinsurance will increase next year as new opportunities develop, according to an Aon Benfield study launched at the annual Rendezvous de Septembre in Monte Carlo…
14 September 2015
The continuing influx of capital and low number of claims have started the long-awaited consolidation of the reinsurance market, according to speakers at a Guy Carpenter media briefing in Monte Carlo yesterday…
14 September 2015
Lloyd’s has announced a pre-tax profit of £1.19 billion for the first half of this year, down from £1.65 billion in the corresponding period last year…