13 April 2015
Economic and insured losses from windstorms Mike and Niklas, which swept across Europe at the end of last month, are expected to pass $US1 billion ($1.3 billion), according to Impact Forecasting’s March global catastrophe report…
13 April 2015
Mergers and acquisitions will accelerate as the operating environment for reinsurers continues to deteriorate, according to Moody’s…
13 April 2015
The composite rate for US property and casualty insurance was flat last month compared with the corresponding period last year, according to analyst MarketScout…
13 April 2015
Allianz Global Corporate & Specialty, the lead insurer for the crashed Germanwings plane, says $US300 million ($390 million) of reserves have been set aside to settle claims…
30 March 2015
Lloyd’s has reported pre-tax profit for last year of £3.16 billion, against a backdrop of low interest rates and a softening market…
30 March 2015
The UK Government and insurance sector have set out a series of initiatives to help businesses reduce their cyber risk, and to cement London as the global centre for cyber cover…
30 March 2015
Massive cargo ships could result in $US2 billion loss scenarios, according to Allianz Global Corporate & Specialty…
30 March 2015
Allianz Global Corporate & Specialty is lead insurer for the German budget airline whose plane crashed in the French Alps last week…
30 March 2015
Changes to insurance laws in Thailand will make it easier for foreign insurers to increase ownership of companies there, according to DLA Piper…
30 March 2015
Insured losses from natural catastrophes and man-made disasters fell to $US35 billion last year from $US44 billion in 2013, despite a record 189 events, Swiss Re says…
30 March 2015
Fairfax Financial Holdings’ £1.22 billion takeover of Lloyd’s global specialty insurer and reinsurer Brit has been approved by two of Brit’s largest shareholders…
23 March 2015
A 15-year international framework for disaster risk reduction has been signed by 187 United Nations member states…
23 March 2015
The City of London’s Insurance Fraud Enforcement Department has detected 1000 insurance fraudsters in the past two years, arresting 600, according to an Association of British Insurers report…
23 March 2015
Measuring progress in reducing disaster risk is perilously hard, catastrophe risk management group RMS has warned…
23 March 2015
Tackling fraud is among insurers’ main uses for Big Data, which is increasingly important to industry profitability and credit ratings, according to Fitch…
23 March 2015
Global development, rather than increasing hazards, is the key driver of rising disaster losses, according to AIR Worldwide…
23 March 2015
The powerful Risk and Insurance Management Society wants the US Government to speed up its “act of terrorism” certification process, so insured claims can be quickly settled…
23 March 2015
The British Government plans to develop a corporate and taxation structure to attract insurance-linked securities business to the country…
23 March 2015
The EU-ASEAN Business Council has published a paper on the insurance industry in southeast Asia, including recommendations for the continued development of a “world-leading and resilient insurance market”…
23 March 2015
Countries in the Asia-Pacific region are strengthening their solvency regulations, which is pushing insurers to improve enterprise risk management, according to Aon Benfield…