Zurich buys AIG’s travel operations for $1 billion
01 July 2024
Zurich will acquire AIG’s global personal travel insurance and assistance business in a deal worth more than $US600 million ($1.04 billion)...
International
Mid-year reinsurance renewals point to ‘ongoing stability’
01 July 2024
Insurers have generally achieved positive mid-year reinsurance renewals in a more competitive marketplace, Aon says...
Hurricane Beryl sets record for early season strength
01 July 2024
Hurricane Beryl has reached category four strength at a record early date as it heads for the Caribbean Windward Islands...
AM Best rates global cyber insurance ‘stable’
01 July 2024
AM Best has assigned a stable outlook to the global cyber insurance segment, saying greater demand promises favorable intermediate-term growth...
Young professionals urged to take lead on 'chaotic' global challenges
01 July 2024
Marsh McLennan has held its two-day Rising Professionals’ Global Forum in London, presenting several speakers to an audience of more than 800 young industry workers...
Marsh’s North American clients suffer cyber extortion surge
24 June 2024
Cyber extortion demands and payments are on the rise, according to an analysis of more than 1800 cyber claims to Marsh in the US and Canada last year...
American lightning strike losses rise
24 June 2024
US insurers paid more than $US1.2 billion ($1.8 billion) for lightning-related damage to homes last year, according to the Insurance Information Institute...
Allianz Commercial names global cyber head
24 June 2024
Allianz Commercial global head of financial lines Vanessa Maxwell has taken on an additional role as global head of cyber, effective immediately...
Canopius recruits Axa veteran in global growth push
24 June 2024
Canopius Group has appointed Singapore-based Mark Houghton to the newly created role of global product leader specialty, effective from October...
Unlucky 13: Swiss Re names emerging risks
17 June 2024
The latest key risk trends have been identified in Swiss Re’s annual Sonar report...
US senators examine climate impacts on premiums
17 June 2024
A US Senate budget committee has held a hearing on climate change and insurance impacts amid concern over increasing home premiums...
Personal lines drive US insurers’ earnings recovery
17 June 2024
The US property and casualty industry made a net underwriting gain of $US9.3 billion ($13.9 billion) in the March quarter, rebounding from a year-earlier loss of $US8.5 billion ($12.7 billion), according to AM Best...
Economic risk dominates C-suite concerns
17 June 2024
Top executives fear economic risk most, with 82% highlighting threats posed by inflation, interest rates and currency volatility in a survey by global law firm Clyde & Co...
Insurance program to underpin Ukraine investment
17 June 2024
A $US350 million ($527 million) insurance program involving the US International Development Finance Corporation and Aon has been established to support investment directed at Ukraine’s urgent economic needs and long-term recovery...
AM Best upgrades reinsurance outlook
17 June 2024
AM Best has raised its global reinsurance sector outlook to positive from stable as robust profit margins follow a period of drastic repricing and changed terms and conditions...
Howden Re flags rate moderation with market at 'critical juncture'
03 June 2024
Howden Re says June property catastrophe reinsurance renewals have moderated following rate increases in the past two years, but market participants remain cautious...
Consumers in dark on latest insurance scams
03 June 2024
About half of adults in Britain struggle to tell the difference between a real and fake insurance advert, a survey commissioned by the Association of British Insurers has found...
Bermuda watchdog, Lloyd’s strengthen ties
03 June 2024
Lloyd’s and the Bermuda Monetary Authority have signed a memorandum of understanding to foster innovation and education after earlier this year outlining plans for closer collaboration...
HDI Global says foundations laid for successful year
03 June 2024
Industrial insurer HDI Global has reported a stronger first-quarter profit as it benefited from price increases, new business and reduced disaster losses...
Allianz sounds alarm over ‘unprecedented’ shipping risk
27 May 2024
Allianz Commercial has warned of a changing risk profile for the shipping industry despite the number of vessels lost worldwide hitting a record low...