23 May 2022
Just 8% of insurers globally qualify as climate change frontrunners, meaning they are taking action that will improve the resilience of their businesses from the worsening effects of global warming, a new report from non-profit financial services body Efma and consultancy Capgemini says...
23 May 2022
Lloyd’s says losses related to the Ukraine war are likely to be concentrated in the aviation, marine, political risk, political violence and trade credit classes but the conflict won’t be a “solvency or capital event” for the corporation or individual syndicates...
23 May 2022
Overlooking opportunities from emerging risks can see risk management professionals become irrelevant to clients, a new report from the Risk and Insurance Management Society says...
23 May 2022
Ardonagh Group first quarter operating profit rose to £29.4 million from £17.1 million driven by acquisitions and existing businesses...
23 May 2022
The US-based National Insurance Crime Bureau says property and casualty insurers paid between $US4.6 billion and $9.2 billion extra in disaster claims last year due to insurance fraud...
23 May 2022
Risk Management Solutions will launch a new global model that assesses acute and continuous weather events and their climate change impact...
16 May 2022
Swiss Re’s latest Sigma report says income inequality is rising in advanced nations and this is contributing to a massive loss in insurance protection...
16 May 2022
Allianz’s Australian operations suffered a €43 million loss in the first quarter, damaged by record flooding in NSW and Queensland which offset good growth in retail and commercial lines...
16 May 2022
Munich Re first-quarter earnings rose 3% to €608 million as repercussions from the war on Ukraine offset benefits from higher premiums and reduced natural catastrophe major losses...
16 May 2022
Zurich expects to “exceed all financial targets” for this year after a jump in premiums underpinned a strong first quarter...
16 May 2022
Insurance claims impacts from the ongoing Russia-Ukraine military conflict may extend beyond specialist war policies, an annual Allianz Global Corporate & Specialty maritime review says...
09 May 2022
GlobalData says the price of cyber insurance is still too high for small-to-medium enterprises, with a UK survey finding 29% cancelled their policies last year due to cost-cutting...
09 May 2022
Swiss Re has posted a first-quarter net loss of $US248 million, compared with a year-earlier net income of $US333 million, as elevated natural catastrophe claims and covid dented earnings...
09 May 2022
AIG first quarter earnings have been boosted by lower catastrophe losses and rate improvement, while the insurer says it has made progress on plans to split out its life and retirement division as a separate company...
09 May 2022
Axa’s losses from the Russia-Ukraine war are likely to be in line with those of a medium natural hazard, the French insurer says...
09 May 2022
Recent flooding in Queensland and NSW caused the largest single first-quarter loss for Talanx, at €236 million, which along with storms in Europe helped push its combined ratio to 98.3%, from 96.1% a year earlier...
02 May 2022
Inflationary pressures will be felt through higher claims, particularly for property and casualty insurers this year while slowing economies could lower demand for both life and non-life cover, Swiss Re Institute says...
02 May 2022
AM Best does not expect the commencement of new accounting rule IFRS 17 on January 1 next year to immediately have a direct impact on the ratings of insurers and reinsurers it covers, the rating agency says, as it outlines how it is preparing for the incoming standard...
02 May 2022
Aon has reported a rise in first quarter revenues and earnings and says global volatility has further reinforced the relevance of its business strategy...
02 May 2022
Chubb says it has achieved record first-quarter operating earnings and underwriting results, supported by stronger premiums and growing momentum in its consumer business globally...