Covid years muddy the waters for actuaries, AM Best says
22 April 2024
The covid pandemic has distorted historical patterns used by actuaries as a heightened risk landscape increases challenges for reserve management, AM Best says...
International
Taiwan quake’s distance from tech park to curb claims
15 April 2024
Losses from the Taiwan earthquake earlier this month are not expected to exceed those from the 2016 Meinong quake, which was centred closer to a key location for technology companies, AM Best says...
Lloyd’s names new commercial, Americas head
15 April 2024
Lloyd’s has appointed Dawn Miller as Chief Commercial Officer and CEO of Lloyd’s Americas, based in New York...
Inflation impact ‘very evident’ in catastrophe sums insured
15 April 2024
About $US111 trillion ($171 trillion) of property assets are insured for natural perils exposure worldwide, according to an industry database...
Risk officers flag conduct as leading concern
15 April 2024
A survey of insurance chief risk officers has revealed conduct risks are the top challenge for the Asia-Pacific region, with cybersecurity and adaptations to changing business models also raised as key threats...
BHSI names new multinational business chief
15 April 2024
Berkshire Hathaway Specialty Insurance has promoted Boston-based Amy Bowman to Head of Multinational...
Experts warn of busy Atlantic hurricane season
08 April 2024
Researchers have made their strongest April forecast ahead of a “very active” Atlantic hurricane season, with more than 11 significant storms expected...
April renewals continue improved trend for reinsurance buyers
08 April 2024
Property catastrophe renewals for April have echoed trends seen in the US at the start of the year, with pricing flat to slightly reducing in Japan, while South Korea, China and India also had increased competition, Aon says...
Aon financial chief to retire, CEO wins contract extension
08 April 2024
Aon CFO and EVP Christa Davies will retire next year after more than 16 years with the global broker and risk management services provider...
Lloyd’s posts strong profit after turnaround
08 April 2024
Lloyd’s has reported a £10.7 billion ($20.7 billion) profit before tax for last year after its underwriting result more than doubled and investment returns rebounded...
Commercial chief takes helm at Swiss Re
08 April 2024
Swiss Re’s Andreas Berger will become Group CEO from July, taking over from Christian Mumenthaler who is stepping down after eight years in the role and 25 years with the company...
Taiwan quake tipped to trigger ‘high claims’
08 April 2024
Insurance impacts from the 7.4-magnitude earthquake that struck Taiwan last Wednesday are still being assessed, with residential losses to be largely borne by a government-backed scheme...
Swiss Re warns of climate impact as cat count reaches new high
08 April 2024
Insurers covered more than $US108 billion ($165.82 billion) of natural catastrophe losses last year, with a record number of events reported, a new Swiss Re report has revealed...
Insurance-linked securities market tops $153 billion
25 March 2024
Supply of insurance-linked securities grew last year, spurred by heightened demand for reinsurance capital, AM Best says...
NRMA Insurance rated as fastest-growing insurance brand
25 March 2024
IAG-owned NRMA Insurance has ranked as the fastest-growing and third-strongest insurance brand in the world according to Brand Finance’s Insurance 100 annual report...
Talanx says ‘industrial lines strategy paying off’
25 March 2024
Talanx says its global industrial lines strategy is paying off and an acquisition by its retail division will make it the second-largest property and casualty insurer in Latin America by revenue...
Aon delivers climate risk assessment tool
25 March 2024
Aon has launched a new Climate Risk Monitor to help clients understand potential exposures facing their businesses...
Lloyd’s to hold UN-backed parametric insurance workshops
25 March 2024
Lloyd’s has partnered with the United Nations Capital Development Fund and the Sustainable Markets Initiative’s Insurance Task Force to deliver two parametric insurance workshops in Papua New Guinea and Fiji...
Lloyd’s paper outlines generative AI threats
18 March 2024
Lloyd’s has released a paper outlining the threats posed by generative artificial intelligence (AI) and implications for the insurance industry...
‘Overzealous’ lawyers driving up US motor rates
18 March 2024
The US Insurance Information Institute has hit out at the impact of “excessive litigation” on rising motor insurance premiums...