07 March 2022
UK Financial Conduct Authority (FCA) rules to tackle “price walking” practices disadvantaging loyal customers have instigated the biggest one-month jump in home and motor insurance premiums in more than eight years, data analytics firm Consumer Intelligence says...
07 March 2022
AIG has, with immediate effect, committed to no longer invest in or provide insurance for construction of any new coal-fired power plants, thermal coal mines or oil sands...
07 March 2022
Lloyd’s has appointed Des Potter as Special Adviser to Lloyd’s CFO and COO Burkhard Keese and Sara Gomez as Chief People Officer...
28 February 2022
Russia’s invasion of Ukraine may have a substantial impact on global insurers, pressuring balance sheets, adding to inflationary pressures and affecting underwriters of large energy and infrastructure risks and reinsurers, ratings agency AM Best says...
28 February 2022
Swiss Re says its Property and Casualty Reinsurance business improved markedly last year despite huge natural catastrophe losses of $US2.1 billion...
28 February 2022
Munich Re says the business performed ahead of expectations last year, underpinned in part by an 8.5% rise in gross premiums written to a record €59.57 billion from 2020...
28 February 2022
Axa says its property and casualty business achieved better financial results last year, supported partly by favourable commercial lines pricing momentum...
28 February 2022
Insured losses from windstorms Eunice and Dudley which struck Europe in quick succession over three days earlier this month will likely come in at €3-4.5 billion, RMS estimates, pushed as much as 15% above modelled results by a sharp increase in the cost of construction last year...
21 February 2022
Allianz says its Australia property and casualty business more than doubled its operating profit last year to €307 million from €128 million in 2020...
21 February 2022
AIG says its general insurance arm performed strongly in the fourth quarter, lifting overall net income for the three months to December and last year to $US3.74 billion and $US9.36 billion...
21 February 2022
Insurance losses from Storm Eunice could be around £200-300 million, PwC UK has estimated after the wild weather tore across the country late last week...
21 February 2022
Freight transport insurer TT Club has urged businesses to take cyber threats more seriously after a report it co-produced with digital security firm Kaspersky revealed startling findings...
21 February 2022
More than half of this year’s expected utility-scale solar projects could face delays or cancellations due to the rising cost of raw materials and supply chain constraints, risk management society RIMS says...
14 February 2022
HSBC has completed its purchase of Singapore-based Axa Insurance Pte Ltd for $US529 million...
14 February 2022
Three out of 10 insurance professionals say gaining the right skills and knowledge to best serve customers is the biggest challenge they face in the year ahead, according to a survey by the UK’s Chartered Insurance Institute...
14 February 2022
Zurich Insurance Group achieved its best earnings results in more than a decade, supported by its property and casualty business...
14 February 2022
WTW posted a 4% rise in revenue to $US9 billion last year, and says the results don’t reflect the potential of the business and the “best is yet to come”...
14 February 2022
The average price paid by UK motorists for their motor insurance fell 7% to the lowest level in six years in 2021, according to the Association of British Insurers, though there are signs sustained cost pressures on insurers are starting to lift the cost of cover...
07 February 2022
October’s hail storm in eastern Australian states and other major catastrophes globally led to $US116 billion in insured losses last year, the third highest since 2011, according to estimates from reinsurance broker Gallagher Re...
07 February 2022
The UK Government has asked the Financial Conduct Authority to investigate the causes of surging premium increases faced by residents living in high and medium-rise blocks of flats...