17 May 2021
The Colonial Pipeline ransomware attack, which shut down 5500 miles of pipeline between Texas and New Jersey, has underscored for insurers the significant risks inherent in this line of business, AM Best says...
17 May 2021
Zurich’s Property & Casualty gross written premiums jumped 9% to $US11.03 billion in the first quarter, driven by further improvement in pricing and strong growth in commercial insurance...
17 May 2021
The US insurance industry expects a multi-billion-dollar bill for thunderstorm-related claims payouts after hail the size of baseballs struck highly populated areas of Texas and Oklahoma last month...
17 May 2021
Human capital is a potential blind spot for firms failing to invest in their workforce in the wake of the COVID pandemic, Lloyd’s says, and insurance product designers should innovate to capture valuable new risk protection opportunities as work practices evolve...
10 May 2021
Munich Re has posted a rise in first quarter net profit of €589 from €221 million a year earlier, placing the business in position to meet its full-year earnings target of €2.8 billion..
10 May 2021
Higher investment income and an improved general insurance underwriting performance have contributed to a jump in AIG first-quarter earnings...
10 May 2021
Allianz Global Corporate and Specialty has predicted the growing popularity of green hydrogen as an energy source, replacing fossil fuels such as coal, will lead to increased demand for insurance coverage of the fuel...
10 May 2021
FM Global has released a new worldwide map that paints a full picture of the global risk of earthquakes, which it says on average cause nearly $US40 billion in direct economic loss every year...
10 May 2021
Property catastrophe bond issuance totalled $US2.57 billion in the first quarter, down from a year-earlier but the third-highest for the period over the past decade...
10 May 2021
Willis Towers Watson has introduced a new accreditation framework that provides insurers with a consistent way of identifying and rewarding organisations which demonstrate robust carbon transition plans...
10 May 2021
Axa XL says it is on track to meet an underlying earnings target of €1.2 billion this year after a positive first quarter...
10 May 2021
HDI Global parent Talanx Group has for the first time calculated the emissions in its investments and plans to slice the carbon intensity of its liquid portfolio by almost a third...
03 May 2021
Aon remains confident its merger with Willis Towers Watson will be completed soon and deliver at least the level of benefits outlined when the deal was announced a year ago...
03 May 2021
There is no indication the firm property-casualty environment, in which rates are up in nearly all lines and geographies around the globe, will change anytime soon, the head of US broker Gallagher says...
03 May 2021
Swiss Re’s property and casualty reinsurance business has booked a sharp rise in first-quarter net income of $US477 million from $US61 million in the corresponding period last year...
03 May 2021
Marsh McLennan has reported a 9% jump in first quarter revenue to $US5.1 billion...
03 May 2021
Chubb has recorded a sharp rise in first quarter earnings, with net income surging to $US2.3 billion from $US252 million a year earlier...
03 May 2021
Willis Towers Watson earnings jumped in the first quarter after it completed the sale of its Miller wholesale insurance broking business...
03 May 2021
Specialist insurance provider CFC has the go-ahead from Lloyd’s to create a new syndicate...
03 May 2021
China is home to half of the ten most valuable insurance brands, led by top-ranked Ping An, according to an annual report from consultancy Brand Finance...