RIMS urges employers to do homework on home working
20 July 2015
The US-based Risk and Insurance Management Society recommends employers develop formal work-from-home policies to minimise their risk…
International
Axis, Partner Re offer new deal to thwart Exor
20 July 2015
Axis Capital Holdings and Bermuda-based PartnerRe have sweetened the terms of their merger proposal, in the latest bid to fend off hostile suitor Exor…
Asia dominates catastrophe death toll
20 July 2015
At least 75% of deaths caused by natural disasters in the first half of the year were in Asia, Munich Re says…
Bermuda attracts big reinsurers, brokers
20 July 2015
The Bermuda Monetary Authority registered 45 new insurance entities in the first half of this year, comprising 34 insurers and 11 intermediaries…
Bank of England releases insurer stress tests
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…
ILS sector sustains momentum
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…
Low cat losses help US insurers report strong Q1
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…
Munich Re investigates driverless cars
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…
Globally significant designation ‘harms US life insurers’
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…
UK insurers slam tax increase
13 July 2015
British insurers have criticised a 58% increase in insurance premium tax, announced in Chancellor George Osborne’s emergency budget…
Exor sweetens PartnerRe bid
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…
IMF wants nationwide US insurance regulator
13 July 2015
The International Monetary Fund has called on the US to create an independent national regulator for the insurance industry…
Flood Re ready for test phase
13 July 2015
Preparations are under way for the insurance sector to test Flood Re, the UK Government’s flood reinsurance pool…
California toughens insurance laws on Uber
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…
US storms to cost insurers $US500 million
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…
Lloyd’s models trillion-dollar US cyber attack
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…
US P&C rates ‘in doldrums’
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…
Thistle appoints new MD
13 July 2015
Europe-based Thistle Insurance Services, part of the JLT Group, has appointed UK industry veteran Paul Williams as MD…
Ace-Chubb merger creates $US31 billion ‘P&C powerhouse’
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…
Willis, Towers Watson to merge in $US18 billion deal
06 July 2015
Global broker Willis Group and professional services consultant Towers Watson have announced an $US18 billion merger…