Cat bond issuance drops
14 September 2015
Global annual catastrophe bond issuance totalled $US7 billion in the year to June 30, according to an Aon Securities report…
International
Allianz warns of cyber catastrophe
14 September 2015
Businesses must prepare for rapidly evolving cyber risks that may cause catastrophic losses, according to Allianz Global Corporate & Specialty…
Japanese giant Mitsui buys Lloyd’s insurer Amlin
14 September 2015
Mitsui Sumitomo Insurance will acquire London-listed Lloyd’s insurer and reinsurer Amlin for £3.47 billion…
Reinsurance capital stabilises: Willis Re
14 September 2015
Global reinsurance capital from traditional and non-traditional sources has stabilised at $US425 billion, according to a new report from Willis Re…
Struggling reinsurers enter ‘uncharted territory’
14 September 2015
Reinsurers are venturing into “uncharted underwriting and strategic territories” as they grapple with a challenging environment marked by excess capacity and shrinking demand, Moody’s warns…
Reinsurers take different roads: S&P
14 September 2015
Reinsurers’ attitudes to catastrophe risk in the softening market are diverging, according to Standard and Poor’s…
Maritime sector ‘lacks defence against cyber threat’
14 September 2015
The global maritime industry faces potentially crippling cyber attacks unless it works on a defence strategy, according to Willis Group…
US P&C rates flat as cycles ‘moderate’
14 September 2015
Average rates for US property and casualty insurance were flat last month after a 1% rise in July, according to analyst MarketScout…
Structural change creates ‘new reality’ for reinsurers: AM Best
07 September 2015
The reinsurance sector is no stranger to evolution, but in the past few years the changes have been more rapid and profound…
No end to M&A as Berkshire model spreads: S&P
07 September 2015
The shopping spree in the reinsurance and insurance sectors will only intensify amid growing pressure to increase earnings, according to Standard and Poor’s…
Drought losses to top $US8 billion: Aon Benfield
07 September 2015
Global economic losses from drought will surpass current estimates of $US8 billion as El Nino continues to strengthen, Impact Forecasting warns…
Zurich general insurance chief resigns
07 September 2015
Zurich Insurance Group’s CEO of General Insurance Mike Kerner is to step down for personal reasons, the insurer has announced…
Underwriter discipline ‘under pressure’, Lloyd’s warns
07 September 2015
International casualty reinsurance underwriters fear softening terms and conditions will prove unsustainable, a survey by the Lloyd’s Market Association reveals…
Equity firm buys Innovation Group
07 September 2015
UK-listed claims technology company Innovation Group has approved a £499 million takeover offer from private equity firm Carlyle Group…
Cyber dominates risk landscape: RIMS
31 August 2015
Cyber crime eclipses all other global risks, according to the President of the US-based Risk and Insurance Management Society…
China slowdown will hit insurance industry: Munich Re
31 August 2015
China’s growth slump is no cause for panic but it is a concern, and the insurance industry will not escape unscathed, Munich Re Chief Economist Michael Menhart says…
Zurich makes provisional offer of $12 billion for RSA
31 August 2015
Zurich Insurance Group has made a provisional acquisition offer of £5.6 billion to UK-based RSA Insurance Group…
UK reform forces Lloyd’s wordings review
31 August 2015
The Lloyd’s Market Association has completed an initial wordings review in light of the new UK Insurance Act, which takes effect in August next year…
Asian governments react to catastrophe cover gap: Fitch
31 August 2015
Asia has been “severely under-protected” in terms of catastrophe insurance, and governments are now setting up natural disaster pools to improve loss management, Fitch Ratings says…
Crawford & Co chief leaves after poor quarter
31 August 2015
Jeffrey Bowman has stepped down as CEO of global loss adjuster Crawford & Company after almost eight years in the role and more than 24 years with the business…