Wildfire triggers Californian cover mandate
18 November 2024
California has acted to ensure continuing insurance protections for more than 200,000 policyholders in the Mountain Fire area in the state’s south...
International
‘New mindset needed’: study shows flood protection benefits
18 November 2024
Investing in flood defences such as dams and dykes pays off in the long term, Swiss Re says in a new report...
Swiss Re hails ‘favourable position’
18 November 2024
Swiss Re has reported net income of $US2.2 billion ($3.52 billion) for the first nine months of the year...
Talanx lifts earnings prediction
18 November 2024
Talanx Group, which includes Hannover Re and HDI Global, has raised its earnings forecast for this year to more than €1.9 billion ($3.1 billion) following a strong nine-month result...
Hurricanes could cost Zurich more than $500 million
11 November 2024
Zurich has estimated pre-tax losses from US hurricanes Helene and Milton will be less than $US360 million ($546 million)...
Lloyd’s recruits new HR leader
11 November 2024
Lloyd’s has appointed Nathan Adams as chief people officer, effective from early next year...
US storms, hail dent AIG quarterly result
11 November 2024
AIG’s third-quarter net income fell 77% to $US459 million ($711.45 million), partly due to the sale of Corebridge to Nippon Life...
‘Decisive action’: Swiss Re strengthens US liability reserves
11 November 2024
Swiss Re says it acted to strengthen its US property and casualty liability reserves in the third quarter after a “comprehensive” review...
Pacific Islands renew disaster cover
11 November 2024
WTW and the Pacific Catastrophe Risk Insurance Company have renewed a portfolio of policies and associated reinsurance designed for Pacific nations...
Spain’s deadly floods tipped to cost billions
04 November 2024
Major floods across eastern and southern Spain are expected to be among the country’s costliest insurance events, with initial estimates well above €1 billion ($1.65 billion)...
Natural peril bill on track to exceed 2023 figure
04 November 2024
Global natural catastrophe insured losses passed $102 billion ($153 billion) in the first nine months of the year as the US clocked up 26 billion-dollar events, according to Aon...
Chubb Q3 earnings rise despite cat losses
04 November 2024
Chubb’s property and casualty business posted stronger third-quarter earnings as increased premiums cushioned the impact of higher catastrophe losses...
Marsh hails ‘milestone’ quarter as market turns for clients
04 November 2024
Marsh McLennan says third-quarter consolidated revenue rose 6% to $US5.7 billion ($8.64 billion) and operating income grew 11% to $US1.1 billion ($1.67 billion)...
Industry, government form charter to tackle ‘appalling’ fraud
28 October 2024
The UK's Joint Fraud Taskforce has collaborated with the insurance industry to crack down on fake claims and scammers...
Bullying, harassment, discrimination allegations jump in UK
28 October 2024
The UK’s Financial Conduct Authority says allegations of workplace bullying, sexual harassment and discrimination are on the rise...
Natural catastrophes hit Munich Re Q3 result
28 October 2024
Munich Re has reported a third-quarter result well below financial analyst expectations following losses from natural catastrophes including Hurricane Helene...
Aon commercial, reinsurance revenues rise in Q3
28 October 2024
Broker Aon’s key commercial risk and reinsurance businesses recorded stronger results in the third quarter...
Reinsurer ‘won’t be challenged’ on risk balance amid cat losses
28 October 2024
Natural catastrophe loss trends in Europe have reinforced the need to maintain the risk balance reset achieved at renewals in the past two years, a Munich Re senior executive has said...
Cost of dual hurricanes could pass $81 billion: Moody’s RMS
21 October 2024
Moody’s RMS estimates the combined insurance cost of hurricanes Helene and Milton will range between $US35 billion ($52.13 billion) and $US55 billion ($81.92 billion)...
Premium finance, motor cover costs face scrutiny
21 October 2024
The British government and the country’s Financial Conduct Authority have launched a review to address car insurance affordability concerns...