WTW 'on track' to achieve financial targets
02 May 2022
Willis Towers Watson says it is on track to achieve full-year financial targets after a first quarter result in line with its expectations...
International
Talanx to add more female managers
02 May 2022
Talanx Group intends to fill half of all vacant management positions with female employees and candidates, and says it has also undertaken to become “an even more attractive employer for persons with different abilities”...
Axa appoints new Chairman, renews CEO
02 May 2022
Axa has appointed Antoine Gosset-Grainville as Chairman, and renewed Thomas Buberl as CEO...
Active US hurricane season tipped in early forecast
26 April 2022
The Atlantic hurricane season this year may feature above-normal activity, based on sea surface temperatures and conditions, Colorado State University researchers say in an extended range forecast released this month...
Europe windstorm largest exposure in Perils database
26 April 2022
European windstorm represents the largest risk in an Industry Exposure Database compiled by Zurich-based catastrophe data company Perils...
Marsh 'well positioned' after strong start to year
26 April 2022
Marsh McLennan says it’s made a good start to the year, with both its risk and insurance services and consulting divisions delivering stronger revenues and operating earnings in the first quarter...
'Mission critical': diversity vital to tackle climate change
26 April 2022
Focusing on gender equity will ensure insurers and other organisations make better decisions to navigate the challenges of climate change, enabling more women in capital allocation roles to develop climate risk solutions, Aon says...
RIMS appoints CEO
26 April 2022
The Risk and Insurance Management Society has named Gary LaBranche as CEO, taking over from Mary Roth, who is retiring after 37 years with the US-based not-for-profit body...
Swiss Re outlines P&C ambitions
11 April 2022
Swiss Re says attractive margins in the property and casualty (P&C) businesses, along with continued cost discipline, will help the reinsurer achieve a 14% return on equity in 2024...
UK insurers face weather perils, claims inflation pressures
11 April 2022
AM Best is maintaining its negative outlook on the UK non-life sector due to a number of challenges facing the market, including exposure to weather-related events and the prospect of higher claims cost as inflation pressures mount...
US disaster resilience bill sent to Senate
11 April 2022
The US House of Representatives has passed a bill that aims to boost disaster mitigation resourcing and improve resilience, with supporters now looking for Senate support...
Reinsurer profitability 'robust' despite covid, disasters: Gallagher Re
11 April 2022
Reinsurers’ profitability improved last year despite the ongoing pandemic and “a heavy load” of natural catastrophe losses, Gallagher Re says in a new report...
Lloyd's Asia CEO joins Tokio Marine Kiln
11 April 2022
Global specialist insurer Tokio Marine Kiln says Pavlos Spyropoulos has been appointed as Regional MD for Asia, replacing Alex Dugand, who is returning home to London to take up his new role as International Development Officer...
Inflation, Ukraine hot topics at April renewals
04 April 2022
Reinsurance April renewals showed modest rate increases, with inflation a key topic during every negotiation, while the conflict in Ukraine was also a focus, Gallagher Re says in a report...
S&P pegs Russia-Ukraine insured losses at up to $46 billion
04 April 2022
Insured losses from the Russia-Ukraine war are likely to be in the range of $US16-35 billion, S&P says, spurring upward reinsurance pricing momentum at upcoming renewals...
Lloyd's announces partnership with Schroders Solutions
04 April 2022
Lloyd’s says Schroders Solutions, which manages £150 billion in assets globally for insurance companies, has been appointed as investment partner of its new market investment platform...
Chubb buys Dual's Hong Kong, Singapore business
04 April 2022
Dual has sold its Financial Lines and Cyber portfolio to Chubb Asia Pacific, which will include underwriting models and wordings in both Hong Kong and Singapore...
Europe's windstorm losses near $5 billion after 'huge number' of claims
04 April 2022
A European windstorm series in February has caused insurance property losses of €3.29 billion from 1.8 million individual insurance claims, based on an initial estimate, Zurich-based catastrophe data company Perils says...
Zurich partners with Perth-based InterEarth on CO2 removal
04 April 2022
Zurich has partnered with Perth-based InterEarth on CO2 removal as it targets net-zero emissions across its operations by 2030...
Lloyd's flags 'major claim' concern from Russia-Ukraine conflict
28 March 2022
Lloyd’s has warned of a potential business fallout from Russia’s attack on Ukraine, warning the war will likely lead to a “major claim” this year...