Gallagher Q3 earnings rise on rate surge
07 November 2022
Gallagher posted improved results for the third quarter, supported by rate increases across most lines of business including in the Australian market...
International
Aon 'strongly positioned' to meet guidance
07 November 2022
Aon says it is on track to meet guidance of mid-single digit or greater underlying revenue growth this year after third quarter revenue came in flat at $US2.7 billion...
Fitch expects growing ESG influence on underwriting, investment
07 November 2022
Insurers will pay greater focus to issues relating to sustainability, social impact and governance as part of their underwriting and investment screening processes, Fitch Ratings says in a report...
All agree climate change is top risk: Axa global survey
31 October 2022
Climate change has again topped the list of emerging risks in a global survey by Axa, and for the first time was the number one concern for experts in all regions of the world and the US general public...
Floods, Ukraine push Swiss Re into the red
31 October 2022
Swiss Re has posted a third-quarter loss of $US442 million, hurt by floods in Australia and other large natural catastrophe claims...
'Another excellent quarter': Marsh McLennan Q3 sales up 8%
31 October 2022
Marsh McLennan has reported a third-quarter 8% jump in underlying revenue to $US4.77 billion...
Berkley pleased with Q3 underwriting result despite net income dip
31 October 2022
US insurer WR Berkley has reported lower third quarter earnings, as higher catastrophe losses partially dented its results...
Chubb profit drops; Hurricane Ian drives catastrophe losses
31 October 2022
Chubb net income dropped 56% to $US812 million in the third quarter mainly due to “mark-to-market” impacts, but the insurer reported a strong underwriting result despite Hurricane Ian catastrophe losses of $US975 million...
UK court rules Government support reduces BI payments
24 October 2022
The UK High Court has found in a high-profile case involving the Stonegate pubs group that Government support payments during the pandemic can be taken into account to reduce business interruption insurance payouts...
MS Amlin fined $17.3 million over risk management failures
24 October 2022
The UK’s Prudential Regulation Authority has fined MS Amlin Underwriting £9.695 million over governance and risk management failures...
Munich Re acts on oil and gas underwriting, investment
24 October 2022
Munich Re has announced new measures to reduce its involvement with the oil and gas sector, an area that is increasingly being targeted by climate activists in their campaigns to pressure financial services providers into quitting fossil fuel businesses...
Swiss Re expects $2 billion hit from Hurricane Ian
24 October 2022
Swiss Re expects to report a third quarter net loss of around $US500 million as a result of preliminary Hurricane Ian claim estimates of about $US1.3 billion...
Reinsurers face earnings pressure despite strong first-half: Aon report
24 October 2022
Property and casualty reinsurers globally powered to a 22% rise in first-half underwriting profit to $US7.4 billion, according to an Aon report...
Munich Re 'rigorously' pricing for inflation, keeps 2022 earnings guidance
24 October 2022
Munich Re has warned of challenging times ahead as the business seeks to overcome inflation pressures, climate change fuelled-extreme weather events and other threats...
Aon predicts insured losses to exceed $US100 billion milestone again
24 October 2022
Aon’s latest catastrophe report predicts that worldwide insured losses will surpass $US100 billion for the third year in a row...
Insurers to play key role in climate adaptation: Zurich
17 October 2022
The insurance industry has a “defining role” to play in climate adaptation, by protecting against future climate-related risk and quantifying the impact, Zurich says, adding that past weather statistics are "no longer valid”..
Insurance think tank supports UN-backed net zero association
17 October 2022
Insurance research group The Geneva Association has been named a supporting organisation to the United Nations-convened Net Zero Asset Owners Association...
US auto losses rising on reckless driving, 'legal system abuse'
17 October 2022
US auto insurance profitability has sharply deteriorated with loss ratios now exceeding pre-pandemic levels, the Insurance Information Institute says...
UK SMEs uninsured despite increasing concern about cyber attacks
17 October 2022
A new GlobalData survey has revealed that many small and medium-sized market enterprises in the UK remain uninsured against cyber attack risks despite increasing wariness...
Australia ranks 14th in global wealth table
17 October 2022
Australia takes 14th place in the global wealth table, with net financial assets per capita of €99,400, Allianz says, though its debt ratio is the second highest worldwide, at 125.8%...