31 August 2015
Asia has been “severely under-protected” in terms of catastrophe insurance, and governments are now setting up natural disaster pools to improve loss management, Fitch Ratings says…
31 August 2015
Jeffrey Bowman has stepped down as CEO of global loss adjuster Crawford & Company after almost eight years in the role and more than 24 years with the business…
31 August 2015
The net investment yield for reinsurers has fallen 30% over the past four years, a report by Standard & Poor’s reveals…
31 August 2015
The wave of mergers and acquisitions among reinsurers is expected to continue as they seek ways to trump rivals and build growth prospects, according to Fitch Ratings…
31 August 2015
Lloyd’s insurer and reinsurer Amlin says net profit fell 2.4% to £132.8 million in the half-year to June 30 due to an accounting change…
31 August 2015
Charles Taylor Adjusting says first-half net profit grew 22% to £4.5 million, driven by international expansion…
24 August 2015
Insured losses from two huge explosions in the Chinese port city of Tianjin are likely to exceed about $US1.5 billion, Fitch Ratings says…
24 August 2015
The catastrophe bond market will continue to grow by 10-20% a year, driven by an increase in covered perils, broadening of event definitions and demand from governments, according to Standard & Poor’s…
24 August 2015
New Orleans, the US city devastated by Hurricane Katrina 10 years ago this week, is now much more capable of withstanding future windstorms, according to reports from Allianz and Munich Re…
24 August 2015
Ebix’s board has approved another share buyback program worth $US100 million, following one for the same amount announced last year…
24 August 2015
The drone aircraft sector is expanding rapidly within global aviation, with spending expected to double to $US91 billion by 2024, according to a report from Lloyd’s…
24 August 2015
Dutch insurance group Achmea has reported a net profit of €272 million for the first half, reversing a €58 million loss in the corresponding period last year…
17 August 2015
The Asia-Pacific region is leading the global market in decreasing premium rates, according to Marsh…
17 August 2015
Global insured losses from natural and man-made disasters totalled $US16.5 billion in the first half, according to Swiss Re’s Sigma study, released last week…
17 August 2015
QBE will book a loss of $US73 million from the sale of its Argentinian workers’ compensation business to the Werthein Group…
17 August 2015
Tokio Marine has posted a net profit of ¥125.99 billion for the quarter to June 30, up 8.4% on the corresponding period last year…
17 August 2015
US-based Liberty Mutual Holding Company has reported net profit of $US530 million for the six months to June 30, down 19.2% on the corresponding period last year…
17 August 2015
HDI-Gerling Industrial Insurance’s parent Talanx has reported net profit of €311 million for the first half, down from €381 million in the corresponding period last year…
17 August 2015
The UK should set up a public-private cyber-catastrophe reinsurance scheme, a new industry report says…
10 August 2015
Italian investment company Exor has triumphed in the battle for Partner Re, announcing it will acquire the Bermuda-based reinsurer for $US6.9 billion in cash…