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…
International
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…
Reinsurers’ plunging yields are GFC ‘collateral damage’
31 August 2015
The net investment yield for reinsurers has fallen 30% over the past four years, a report by Standard & Poor’s reveals…
Reinsurance sector set for more consolidation: Fitch
31 August 2015
The wave of mergers and acquisitions among reinsurers is expected to continue as they seek ways to trump rivals and build growth prospects, according to Fitch Ratings…
Accounting change hits Amlin’s first-half net profit
31 August 2015
Lloyd’s insurer and reinsurer Amlin says net profit fell 2.4% to £132.8 million in the half-year to June 30 due to an accounting change…
Expansion boosts Charles Taylor profit
31 August 2015
Charles Taylor Adjusting says first-half net profit grew 22% to £4.5 million, driven by international expansion…
Insurance bill from Tianjin blasts may pass $2 billion
24 August 2015
Insured losses from two huge explosions in the Chinese port city of Tianjin are likely to exceed about $US1.5 billion, Fitch Ratings says…