20 September 2021
Lloyd’s says its marketplace has made good progress on gender parity, particularly at the Board and Executive level, and it has now committed that one third of all new hires at the Lloyd’s Corporation should come from ethnic minority backgrounds...
20 September 2021
The UK Financial Conduct Authority says business interruption claim final settlement payments have risen to £696.2 million as funds continue to flow following a test case decision early this year on pandemic-related cover...
20 September 2021
Lloyd’s has amended the timeframe for a combined operating ratio included in its half-year results media release.
20 September 2021
The COVID-19 pandemic has not led to a surge in “buyers remorse” claims in the mergers and acquisitions market, but new trends are likely still emerging, Liberty Global Transaction Solutions says in its second annual briefing...
13 September 2021
Swiss Re says non-life insurance premiums will be 10% above pre-COVID-19 levels by the end of this year and will continue to rise due to increased exposures and risk awareness, as well as evolving cover requirements...
13 September 2021
Global reinsurance capital rose to $US688 billion in the first half of this year, a 4% increase from the end of December, a Willis Re report says...
13 September 2021
Reinsurers globally are expected to perform better this year and also over the next 12 months, supported by a rebound in economic activity and lower virus-related losses, Fitch says in a new report...
13 September 2021
Guy Carpenter Global Head of Distribution Lara Mowery has given a peek at what to expect ahead of the January renewals season...
13 September 2021
Munich Re says data analytics and use of algorithms offer huge potential for the insurance industry, creating new risk protection solutions and improving customer outcomes...
13 September 2021
Hurricane Ida onshore and offshore insured losses could reach $US25-35 billion, catastrophe modelling firm RMS estimates...
06 September 2021
Hurricane Ida remnants caused additional heavy rainfall and flooding in the US northeast last week after the system earlier crossed the Louisiana coastlines as one of the most powerful storms to hit the region...
06 September 2021
The global reinsurance outlook remains stable as improved pricing for most business lines offsets growing claims uncertainty and an abundance of capital, AM Best says...
06 September 2021
Global demand for usagebased insurance will reach almost $US150 billion by 2031, five times the size of the market last year, consultancy Fact.MR says...
06 September 2021
Lloyd’s has outlined emerging geopolitical risks and provided practical advice on how businesses can mitigate them as well as identifying opportunities for the insurance industry to help by developing solutions...
06 September 2021
John Coletti is joining Swiss Re next month as Head of Global Cyber as the insurer creates a central cyber underwriting team with global responsibility for product development...
30 August 2021
The German Insurance Association has raised its estimate for the July flooding catastrophe to around €7 billion , up from €4-5 billion previously...
30 August 2021
Hurricane Ida has made landfall in Louisiana as one of the strongest in the region’s history, bringing destructive winds, heavy rainfall and storm surges...
30 August 2021
Reinsurer and insurer combined operating ratios improved in the first half as rate increases outstripped claims trends, Willis Re says in a report on results reported by global firms...
30 August 2021
UK insurers are inadequately prepared in some cases for stronger product governance rules due to take effect at the start of October, the Financial Conduct Authority has warned...
30 August 2021
Swiss Re has agreed what it says is a world-first deal for the long-term purchase of direct air capture and storage of carbon dioxide, worth $US10 million over a decade...