05 December 2022
Reinsurers achieved an average 13% rise in premium growth for the nine months to September, supported by improved pricing for commercial lines and reinsurance business, Gallagher Re says in its latest financial assessment of the industry...
05 December 2022
Swiss Re estimates global yearly insured losses caused by natural catastrophes to have exceeded $US115 billion, well above the decade average of $US81 billion...
05 December 2022
The US Insurance Information Institute has marked the end of this year’s Atlantic hurricane season, noting its intensity as a reminder for at-risk residents to ensure they are protected against potential losses...
28 November 2022
US-based Risk and Insurance Management Society supports creating a federal cyber backstop for “catastrophic” incidents, saying such a measure is warranted in light of coverage challenges in the private insurance market...
28 November 2022
Aon has urged reinsurers to seize opportunities and not shy away from risk despite challenging market conditions that have included an increase in the frequency and severity of losses...
28 November 2022
The Association of British Insurers has outlined a multi-year work plan to improve diversity, equity and inclusion across the insurance and long-term savings industry...
28 November 2022
Munich Re has opened a new Research and Development Centre based in Shanghai as it looks to expand further with clients in the Chinese market...
21 November 2022
Global non-life premium growth is likely to improve over the next two years following a weak 0.9% increase this year, Swiss Re says...
21 November 2022
Ardonagh Group says it will continue to build global momentum following a nine-month result underpinned by its diverse operations...
21 November 2022
Insured losses from Hurricane Nicole, which made landfall in Florida earlier this month, could reach nearly $US2 billion as impacts are exacerbated by devastation caused recently by the more powerful Hurricane Ian, risk modelling firm RMS says...
21 November 2022
Talanx says it is on track to achieve record annual gross written premiums of more than €50 billion for the first time, and forecast net income of €1.05–1.15 billion this year...
21 November 2022
The Insurance Information Institute says technological advancements from insurers and proactive risk prevention from policyholders have the potential to reduce damage caused by US wildfires...
14 November 2022
Cyber insurance market conditions are set to tentatively improve over the coming year as better returns attract more providers, Moody’s says...
14 November 2022
Marine markets face the prospect of a rush of “total loss” claims early next year for ships trapped in Ukraine following the shutdown of the country’s ports, attendees at a briefing in London organised by the Association of Average Adjusters and the International Underwriting Association were told...
14 November 2022
Zurich Insurance Group has reported strong property and casualty premium growth for the first nine months of the year and estimates Hurricane Ian net impact at $US550 million on a pre-tax basis...
14 November 2022
Allianz and Axa have retained placements in Interbrand’s latest global brand rankings, which lists the top 100 most valuable brands...
14 November 2022
Revenue at Crawford & Company rose 2% to $US294.9 million in the third quarter, though the business posted a net loss of $US15.1 million...
14 November 2022
Lloyd’s has tipped England to win this year’s men’s football World Cup with research conducted alongside the Centre for Economics and Business Research deeming the Three Lions to be the world’s most insurable team...
07 November 2022
A new report from actuaries at the US-based Insurance Information Institute and Milliman says property and casualty underwriting profitability will have its worst year since 2011, as significant disaster events and global economic uncertainty compound a hard insurance market...
07 November 2022
The Zurich Flood Resilience Alliance is calling for increased finance for severe weather adaptation at COP27, which is underway in Egypt, to ensure vulnerable people don’t “suffer due to the climate crisis”...