24 July 2023
The UK needs to step up its efforts in responding to climate change or face the risk of homes without protection as floods and other extreme weather events intensify, outgoing Flood Re Chair Mark Hoban has warned...
24 July 2023
Reports from Aon and Gallagher Re have placed global insured losses from natural catastrophes for the first half of the year in the region of $US52 billion to $US53 billion...
24 July 2023
Unprofitable auto results, caused by the cost of repair, supply chain delays and inflation, have contributed to a significant weakening of US underwriting results for the personal lines segment...
24 July 2023
Liberty Mutual Insurance will eliminate about 370 jobs in the US following operational changes that the insurer says are aimed at strengthening its business...
24 July 2023
Swiss Re Capital Markets has structured and placed the issuance of a $US250 million insurance-linked securities catastrophe bond for Blackstone Inc...
17 July 2023
Farmers Insurance will no longer offer home, auto and other policies in Florida under its main brand and has also restricted new policies in California, while AAA will also not renew the auto and home insurance policies for some customers in Florida...
17 July 2023
The International Association of Insurance Supervisors says in a mid-year update insurers globally have seen slight declines in solvency, liquidity and profitability positions at the end of last year from 2021...
17 July 2023
Property & Casualty underwriting profitability is unlikely to sustain the growth rates seen last year, a new report from Swiss Re says...
17 July 2023
Lloyd’s has appointed Rebekah Clement to a new role as Corporate Affairs Director which will take in government policy, affairs, external stakeholder engagement, corporate communications and media...
17 July 2023
Swiss Re's Board of Directors is proposing to elect its interim chair Jacques de Vaucleroy to the role at its annual general meeting next April...
17 July 2023
Innovative reinsurance broker Augment has received up to $US100 million in funding from Altamont Capital Partners...
10 July 2023
Reinsurers stuck to their rate discipline at the mid-year renewals but a noticeable shift has emerged, with more willing to deploy extra capacity at the right terms and price, Gallagher Re says...
10 July 2023
Delayed complaints and poor settlement of claims have been uncovered by a Financial Conduct Authority review...
10 July 2023
Managing general agencies, or underwriting agencies as they are referred to in Australia, will continue to thrive as insurers see them as key partners in the current hard market conditions, law firm Clyde & Co says in a new report...
10 July 2023
The Association of British Insurers has appointed Zurich UK CEO Tim Bailey as its new president replacing Royal London Group CEO Barry O’Dwyer...
10 July 2023
Composite rate rises for personal lines insurance in the United States slowed slightly in the second quarter, but an industry expert warns the real test looms with the upcoming wind and wildfire seasons...
10 July 2023
An updated Colorado State University forecast predicts 18 named storms, nine hurricanes and four major hurricanes during the Atlantic hurricane season...
03 July 2023
Sea surface temperatures off the north-eastern coast of Japan are tipped to be up to +1.5C above average in the Asia Pacific Western North Pacific Basin, with implications for typhoon activity, according to Moody’s Risk Management Solutions 2023 outlook...
03 July 2023
Canada’s peak insurance body has welcomed a strategy to shield the country from looming climate change events which cost the country more than $C2billion a year...
03 July 2023
Japan’s major general insurers are projected to report improved earnings after profitability took a hit from a few mid-sized natural catastrophes and covid-related claims, Fitch Ratings says...