20 July 2015
The Bank of England’s Prudential Regulation Authority has issued new general insurance stress tests for events such as European windstorms, floods, US hurricanes, terrorism, motor liability and economic shock…
20 July 2015
The global insurance-linked securities sector continued to grow in the second quarter, with bond issuance exceeding $US2.7 billion, according to two reports…
20 July 2015
US property and casualty insurers’ net income grew 31% to $US18.2 billion in the first quarter of this year, according to a new report…
20 July 2015
Munich Re America has partnered with a robotics company to research autonomous vehicles, with the aim of understanding their risks and how to cover them…
20 July 2015
Designating AIG, Prudential and MetLife as “globally significant insurers” puts them at a commercial disadvantage, the American Council of Life Insurers says…
13 July 2015
British insurers have criticised a 58% increase in insurance premium tax, announced in Chancellor George Osborne’s emergency budget…
13 July 2015
Italian investment firm Exor has changed conditions on its $US6.8 billion hostile takeover bid for PartnerRe, improving the cash offer to shareholders…
13 July 2015
The International Monetary Fund has called on the US to create an independent national regulator for the insurance industry…
13 July 2015
Preparations are under way for the insurance sector to test Flood Re, the UK Government’s flood reinsurance pool…
13 July 2015
California’s new insurance requirements for ride-sharing companies have taken effect, as the state bids to close a potentially disastrous gap in cover…
13 July 2015
Severe weather in the US last month is expected to generate insurance losses of more than $US500 million, according to Impact Forecasting…
13 July 2015
Lloyd’s and Cambridge University have created a complex scenario examining the insurance implications of a catastrophic cyber attack on the US power grid – and have come up with a bill to the nation’s economy in the most extreme case of more than $US1 trillion…
13 July 2015
Average rates for US property and casualty insurance were flat last month as underwriters refrained from engaging in a price war, according to analyst MarketScout…
13 July 2015
Europe-based Thistle Insurance Services, part of the JLT Group, has appointed UK industry veteran Paul Williams as MD…
06 July 2015
Zurich-based global property and casualty insurer Ace will acquire US rival Chubb for $US28.3 billion and take its name, to create the second-largest commercial insurer in the US, with combined revenue of $US31 billion…
06 July 2015
Global broker Willis Group and professional services consultant Towers Watson have announced an $US18 billion merger…
06 July 2015
Reinsurers’ mergers and acquisitions have not reduced the capital available to the insurance market, according to Aon Benfield’s latest reinsurance outlook…
06 July 2015
The frequency of heatwaves such as the one currently affecting Europe may rise as a result of climate change, Munich Re says…
06 July 2015
Willis Group Deputy CEO Steve Hearn has been appointed CEO of global wholesale and reinsurance broker Cooper Gay Swett & Crawford…
06 July 2015
The UK’s Financial Conduct Authority cracked down on poor insurance practice in the year to March 31, according to its annual report…