US P&C rates continue decline
07 December 2015
US commercial property and casualty rates fell 3% last month after dropping 2% in October, according to analyst MarketScout…
International
Lloyd’s Hong Kong rep joins Swiss Re
07 December 2015
Lloyd’s Hong Kong General Representative Dylan Bryant will leave the market to become Head of Sales North Asia for Swiss Re Corporate Solutions in the first quarter of next year…
Lloyd’s syndicates reach out to developing economies
30 November 2015
Eight Lloyd’s syndicates have committed $US400 million to help emerging nations tackle underinsurance and improve economic resilience against natural catastrophes…
Allianz revives China ambition, exits coal investment
30 November 2015
Allianz has teamed up with Chinese internet search giant Baidu and Asian investment company Hillhouse Capital Group to establish an online insurance company in the world’s second-biggest economy…
US cyber cover defies global rate slump
30 November 2015
US cyber-insurance rates increased more than 15% on average in the third quarter, bucking the composite commercial lines decline of 4.8%, according to Marsh…
FCA seeks feedback on Big Data
30 November 2015
Britain’s Financial Conduct Authority has called for submissions on the use of Big Data in the retail general insurance sector…
Blame it on the rain: weather-based disasters soar
30 November 2015
Nearly all the world’s major disasters over the past 20 years can be blamed on weather, with an estimated cost of $US250-$350 billion each year, according to a United Nations report…
India caught napping on fraud
30 November 2015
Fraud affects 75% of companies across the world, according to this year’s Kroll Global Fraud Report, with emerging economic superpower India among the worst-hit nations…
Lloyd’s given a passage to India
23 November 2015
Lloyd’s has welcomed new draft regulations governing its registration and operation of a reinsurance branch in India…
Climate change ‘threatens insurer stability’
23 November 2015
Insurers’ financial stability may be undermined by climate change, according to Standard & Poor’s…
Ace lines up Asia-Pacific team before Chubb integration
23 November 2015
Ace has unveiled its team to oversee 13 markets in the Asia-Pacific region, including Australia, when the merger with US insurer Chubb is completed in the first quarter of next year…
‘Risk-mature’ businesses perform better: Aon
23 November 2015
Businesses that understand and manage risk well perform better financially and have less volatile stock, according to the new Aon Risk Maturity Index Insight Report…
Cyber market ‘holds uncertain risks for insurers’
23 November 2015
The rapidly growing cyber-cover market poses risks for insurers as they respond to rising demand for protection against data theft and other attacks, according to a Moody’s report…
UK flood pool gets final approval and reinsurance cover
23 November 2015
The UK Government’s flood reinsurance pool is on course to begin operating in April as planned, after it officially became a statutory body and secured £1.29 billion of cover from global reinsurers…
Global execs support drive on climate change
23 November 2015
Industry think-tank the Geneva Association has backed moves to counter climate change in the run-up to next week’s United Nations summit on the issue…
Terrorism ‘causes record damage’
23 November 2015
Terrorism caused record levels of economic damage last year, according to a new report from the Institute for Economics & Peace, a global think-tank based in Sydney…
Talbot makes changes at the top
23 November 2015
Talbot Underwriting’s CEO Rupert Atkin will step down and take up the Chairman’s role early next year, Bermuda-based parent Validus Holdings says…
Tokio Marine cuts profit outlook as claims hit home
23 November 2015
Tokio Marine Holdings has reduced its earnings outlook by 9.5% for the year to March 31 following a sharp decline in half-year net profit…
Crawford & Co wields the axe to stem the bleeding
16 November 2015
Global loss adjustor Crawford & Company has reported a net loss of $US900,000 in the third quarter, a massive plunge from its net profit of $US10.2 million in the corresponding quarter last year…
Ebix hailed at ACORD awards
16 November 2015
Ebix Consulting for Life & Annuity Insurance has been honoured at the Association for Co-operative Operations Research and Development awards…