Insurance regulators add environmental stewardship to top priorities
19 September 2022
A global survey of top financial services regulators reveals “environmental stewardship” has now become one of eight most pressing priorities...
International
Lloyd's underwriting profit rises amid Ukraine, catastrophe challenges
12 September 2022
Lloyd’s has reported a stronger half-year underwriting result despite challenges from the invasion of Ukraine, natural catastrophes and inflation, while slipping to an overall loss after investment revaluations...
Global big picture changes elevate insurance role: Swiss Re
12 September 2022
Insurance will be critical in driving resilience as renewable energy take-up accelerates, global supply chains change and food security becomes a rising focus, a Swiss Re Sigma report says...
S&P still negative on reinsurance sector, rates keep rising
12 September 2022
S&P Global Ratings says its view of the reinsurance sector remains negative amid impacts from natural catastrophes, markets volatility and inflation although it expects property and casualty profitability will improve...
Climate change key focus as reinsurance expands: Munich Re
12 September 2022
Munich Re says it’s cultivating new high-resolution risk models for regional events such as flash flooding, as the insurance sector faces the task of gearing risk management to the reality of climate change impacts...
ILS issuance could rival record year: Aon
12 September 2022
Insurance linked securities issuance could rival the record set last calendar year given the level of first-half activity and a robust pipeline, Aon says...
Moody's opens ESG assessments for P&C insurers
12 September 2022
Global risk assessor Moody’s Analytics has announced its new environmental, social and governance Insurance Underwriting Solution for property and casualty insurers...
Insured flood losses double to $117 billion in last decade: Swiss Re
05 September 2022
Swiss Re says insured losses from floods doubled to $US80 billion in the 2011-2020 period from the previous decade, highlighting the need to do more to address the risk...
Europe 'big four' reinsurers target specialty growth
05 September 2022
Europe’s Big Four reinsurers, Munich Re, Swiss Re, Hannover Re and SCOR, are seeking growth in specialty segments as they pursue diversification, an AM Best report says...
UK fraudulent claims fall to lowest level since 2007
05 September 2022
The Association of British Insurers says fraudulent claims remain a challenge despite a drop last year, warning the ongoing difficult economic times will likely give rise to more scams...
'Highly inflammable': action needed on lithium battery maritime fire risk
05 September 2022
Allianz Global Corporate & Specialty is urging that crucial prevention measures be taken to tackle a growing risk of fires caused by lithium-ion batteries in electric vehicles or other cargo not being stored, handled and transported correctly...
QBE to underwrite Zego's telematics fleet cover
05 September 2022
QBE has agreed to underwrite the behaviour-led fleet product of European commercial motor insurer Zego, which makes use of telematics data to gauge risk and suggest actions a fleet can take to improve safety...
AM Best sees reduction in traditional reinsurance capital
29 August 2022
AM Best says traditional reinsurance capital may decline by about 8% this year reflecting depressed investment markets, continued geopolitical turmoil and a potential decline in global gross domestic product...
Insurance-linked securities investors wary of cyber
29 August 2022
Insurance-linked securities investors are proving reluctant to expand into the cyber market given uncertainty over the size of exposures and less financial risk diversification offered compared to natural catastrophes, S&P Global says...
Ukraine grain facility secures first placement
29 August 2022
A Lloyd’s Marine Cargo and War facility launched to provide cover for the shipment of grain and other food supplies from Ukrainian ports has secured its first placement...
Arduous journey to accounting change worth the effort: S&P
29 August 2022
S&P Global Ratings says changes that will reshape insurance accounting from January onwards will prove worthwhile after a sometimes arduous journey for the sector in preparing for the new standard...
Canopius appoints catastrophe research head
29 August 2022
Canopius Group has appointed Geoffrey Saville to the role of Head of Catastrophe Research to evaluate climate related risk...
Global M&A transactions rise to 10-year high
22 August 2022
Mergers and acquisitions in the global insurance industry increased at the fastest pace for a decade in the first half of the year, a Clyde & Co report says...
Perils raises European windstorm losses estimate
22 August 2022
Windstorms that hit the UK and continental Europe in February are now estimated to have caused total losses of €3.74 billion, Zurich-based catastrophe data company Perils says...
Swiss Re in position to 'capitalise' on improved market: AM Best
22 August 2022
AM Best has affirmed the credit ratings of Swiss Reinsurance Company and its rated operating affiliates after the group released its half-year financial results...