Zurich digitalising International Programs business
20 June 2022
Zurich says it is digitalising its International Programs business to streamline processes and provide greater transparency, flexibility and simplicity for customers and brokers...
International
Scor names Reinsurance CEO
20 June 2022
French reinsurer Scor says Stuart McMurdo will take over as CEO of Reinsurance, replacing Michel Blanc who will retire in January next year after more than three decades with the business...
Axa announces plan for digital commercial platform
20 June 2022
Axa has launched a strategic program for the development of a digital commercial platform to strengthen its business offerings...
IAIS seeks feedback on compatibility criteria for US group capital standard
20 June 2022
The International Association of Insurance Supervisors is seeking submissions on the draft criteria that will be used to assess whether the Aggregation Method provides comparable outcomes to the Insurance Capital Standard...
Premium increases drive first quarter profitability gains
06 June 2022
Reinsurer and insurer profitability improved in the first quarter underpinned by rate gains and lower catastrophe losses compared to a year earlier, Gallagher Re says in a global report on financial results...
New year resolution: Allianz to curtail oil, gas underwriting January 1
06 June 2022
Allianz will no longer issue new single-site and stand-alone property and casualty insurance from January 1, or fund new oil and gas field projects or the construction of new infrastructure related to those power plants...
UK loyal customer price rises 'unsurprising': GlobalData
06 June 2022
Reports that loyal UK motor insurance customers face premiums up to double the price of those paid by new customers despite regulatory reforms are unsurprising, analytics firm GlobalData says...
Australian health trajectory underperforms global peers: Swiss Re
06 June 2022
The covid pandemic took a significant toll on wellbeing in advanced markets, with Australia topping the most impacted list as more than a third of Australians say their mental and physical health declined in the past year, a Swiss Re poll found...
Munich Re plants effort to capture carbon
06 June 2022
As part of its transition towards climate sustainable operations, Munich Re has announced the launch of a new afforestation entity, TreeTrust...
Seventh-straight active hurricane season expected
30 May 2022
The Atlantic hurricane season, which starts on Wednesday, is likely to feature above-average activity for a seventh consecutive year, partly due to the ongoing La Nina, the US National Oceanic and Atmospheric Administration says...
Cyber cover worth paying for? 58% say yes, survey finds
30 May 2022
A joint Marsh-Microsoft survey of more than 650 decision makers globally has found 58% of respondents say it is worth paying for insurance to safeguard against the risks and costs of a cyber attack...
Covid set to worsen social inflation impacts
30 May 2022
The covid pandemic is likely to worsen social inflation impacts that have already made the claims landscape more challenging and expensive for insurers, a US industry executive says...
New report outlines renewable energy challenges
30 May 2022
Australia’s renewable energy market, like the rest of the world, is feeling the impact of covid-fuelled disruptions in the global supply chain, a new report from GCube Insurance says...
Lloyd's extends transformative technology deal
30 May 2022
Lloyd’s and the International Underwriting Association have announced an extension to a multi-year agreement with American technology service provider DXC Technology worth $US465 million to modernise the London insurance market...
Report finds gap between climate rhetoric and action
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...
Ukraine impacts complex for aviation: Lloyd's
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...
Failing to pursue opportunities is top risk: RIMS
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...
Ardonagh operating profit rises as expansion continues
23 May 2022
Ardonagh Group first quarter operating profit rose to £29.4 million from £17.1 million driven by acquisitions and existing businesses...
Insurance fraud 'adds billions' to disaster payouts
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...
RMS extends global risk modelling coverage
23 May 2022
Risk Management Solutions will launch a new global model that assesses acute and continuous weather events and their climate change impact...