Collaboration key in the digital world: Munich Re
26 October 2015
Innovative partnerships and client proximity are essential to navigating the digital future, according to a new report from Munich Re…
International
Canadian insurers give Uber a lift
26 October 2015
The Insurance Bureau of Canada has drawn up documents aimed at helping provinces embrace ride-sharing services such as Uber…
Quiet tornado season profits US insurers
26 October 2015
US property and casualty insurers’ profitability increased 1.4% while premium growth and investment income has remained stable, according to half-year statistics…
Allied World slumps to loss
26 October 2015
Swiss (re)insurer Allied World has reported a net loss of $US51.6 million for the third quarter…
Doyle leaves Dual to set up new venture
19 October 2015
London-based Dual International CEO Shane Doyle is leaving the company to begin an independent venture…
Big Data opens door to liability modelling
19 October 2015
Insuring commercial liability amid technological and scientific change is not without its challenges. Science-based risk, for example, can lead to liability catastrophe, as seen with asbestos…
Willis Re unveils new catastrophe modelling method
19 October 2015
Willis Re has upgraded its approach to catastrophe modelling to help insurers measure and mitigate exposure more accurately…
Xchanging endorses Capita bid
19 October 2015
Xchanging’s board has urged shareholders to accept Capita’s 160 pence cash offer for the company unless a better bid comes along…
AIG sells Central American operations
19 October 2015
AIG has sold its Central American businesses to Panama-based financial services group ASSA…
UK holds execs to account
19 October 2015
The UK Government has strengthened provisions requiring financial services managers in the non-banking sector to take personal responsibility for their decisions…
Interest rates keep pressure on in Europe
19 October 2015
The European insurance sector remains under pressure, Moody’s warns…
Competitive pressure proves No.1 worry for SMEs
12 October 2015
SMEs are most worried about their margins being squeezed by competition, according to an annual survey by Zurich Insurance Group…
Bidding war breaks out over Xchanging
12 October 2015
Loss-making insurance outsourcing company Xchanging is at the centre of a bidding war between larger rival Capita and US private equity group Apollo Global Management…
Cyber tops executive concerns, survey shows
12 October 2015
Companies rate cyber and IT as their greatest areas of risk, according to a Marsh Risk Consulting global survey…
US wildfire claims lead September losses
12 October 2015
California was scorched by wildfires last month, with insured losses passing the $US1 billion mark, according to the latest catastrophe report from Aon Benfield subsidiary Impact Forecasting…
RIMS examines opt-out trend in US workers’ comp
12 October 2015
The Risk and Insurance Management Society has issued a report examining recent changes to US state-based workers’ compensation schemes, including the option now available in some states for employers to opt out…
Transport specialist TT Club reports stable performance
12 October 2015
Global transport and logistics industry insurer TT Club has reported a steady performance for the first eight months of this year, despite challenging conditions…
US P&C rates fall
12 October 2015
US property and casualty rates fell last month after holding steady in August, amid signs insurers are becoming more aggressive, according to MarketScout…
Berkshire cuts Munich Re stake, exits London deals
05 October 2015
Warren Buffett’s Berkshire Hathaway and its subsidiary National Indemnity have reduced their collective shareholding in Munich Re from 12% to less than 10%…
Zurich outlook negative, AM Best says
05 October 2015
AM Best has revised the outlook for Zurich Insurance Company and some affiliates to negative from stable, following unexpectedly high losses…