Swiss Re Chairman to resign following AGM
03 April 2023
Swiss Re has announced Sergio P. Ermotti will step down as Chairman after its upcoming annual general meeting on April 12...
International
FM Global announces executive changes
03 April 2023
Mutual insurer FM Global has announced several executive leadership appointments across its firm in moves that it says will “ensure a continued growth journey whilst maintaining competitive advantage”...
Australia floods, other natural perils drive insured losses to $188 billion
27 March 2023
Natural catastrophes, including last year’s historic Australia floods and Hurricane Ian in the US, caused insured losses of $US125 billion globally, Swiss Re says in its latest Sigma report...
Zurich alliance sees 'moral imperative' to act on climate risks
27 March 2023
Global failures to mitigate and adapt to the climate crisis are causing massive losses and costs to vulnerable communities around the world, a report from the Zurich Flood Resilience Alliance says...
Lloyd's claims payouts top $38 billion, but GWP to rise
27 March 2023
Lloyd’s is expecting gross written premium of about £56 billion this year after booking a 19.1% rise to £46.7 billion last year...
QBE moves up as Chinese insurers lead brand valuations
27 March 2023
Chinese insurers accounted for half of the 10 most valuable insurance brands in an annual list, despite being affected by the country’s harsh zero-covid policy...
Perils estimates insurance losses from Turkey quakes
27 March 2023
Swiss-based catastrophe data company Perils has released its initial estimate for insured losses from last month’s devastating earthquakes in Turkey and Syria...
California flooding affects almost 3000 properties
27 March 2023
Flooding in California this month has affected thousands of properties as heavy snow followed by “atmospheric river” storm systems increased risks in many locations, Finnish-based natural catastrophe data company Iceye says...
Aon teams with Lifeguard on crowdsourcing risk research
27 March 2023
Aon has teamed with science crowdsourcing platform Lifeguard to drive peer-reviewed research on emerging risks in the property and casualty insurance sectors...
Moody's report drops global broking outlook to stable
20 March 2023
A new report from Moody’s Investors Service has changed its outlook on the global broking sector from positive to stable, with a mid-single-digit growth rate expected...
Munich Re sees impact from NZ weather disasters
20 March 2023
Reinsurer Munich Re has flagged claims impacts from the New Zealand weather disasters and the February earthquakes that hit Turkey and Syria...
Swiss Re 'satisfied' after price rises, higher retentions
20 March 2023
Swiss Re says it is satisfied with the outcome of January property & casualty reinsurance renewals, which were dominated by a “need to review pricing, wordings and structures” following a spate of natural catastrophes...
Gallagher names insurance strategic relationships chief
20 March 2023
Gallagher Re CEO James Kent will take up a new role with parent company Gallagher as CEO Global Insurance Strategic Relationships...
Challenging times, but Talanx 'pursuing goals with confidence'
20 March 2023
Talanx Group, which includes reinsurer Hannover Re and insurer HDI Global, says it’s optimistic about its prospects despite a challenging market environment and is pursuing “demanding goals for the period to 2025 with great confidence”...
'Trepidation' over semiconductor supply chain issues
20 March 2023
A joint report from Lloyd’s and WTW has identified worsening supply chains and a lack of insurance options for semiconductors as worsening risks that could significantly impact the global electronics industry...
Allianz makes changes to global commercial operations
13 March 2023
Allianz says it will operate its mid and large corporate insurance businesses under one strategy and market approach in a move to deliver more clarity and consistency for customers around the world...
Lloyd's anticipates higher underwriting earnings
13 March 2023
Lloyd’s says preliminary figures show the business is set to report improved underwriting earnings for last year, supported by price increases and organic growth...
NOAA declares end of La Nina
13 March 2023
The US-based National Oceanic and Atmospheric Administration (NOAA) says the tropical Pacific Ocean-atmosphere system has transitioned to neutral, marking the end of the most-recent La Nina event...
Loss-making US personal lines clobber P&C industry earnings
13 March 2023
Rating agency AM Best says US personal lines insurers’ earnings worsened with an estimated underwriting loss of $US34.9 billion last year after losing $US12.3 billion in 2021...
Parametric pilot targets New York City flood assistance
13 March 2023
A parametric insurance pilot program has been launched in New York City to provide rapid assistance for low-and-moderate income communities affected by flooding...