08 February 2021
A record $US11 billion of property catastrophe bond limit was placed last year, up sharply from the $US5.4 billion ($7.1 billion) achieved in 2019, according to an insurance-linked securities update from Aon...
08 February 2021
HDI Global parent Talanx has reported a 27% drop in annual net income to €673 million as pandemic-related claims and severe losses from natural disasters reduced earnings...
01 February 2021
Aon and Willis Towers Watson have stressed that having a “one firm” mindset will be key as top appointments are confirmed for the combined company after a $US30 billion merger is completed...
01 February 2021
UK insurers expect to pay out more than £1.8 billion in COVID-19 related claims for products including business interruption, the Association of British Insurers said following a Supreme Court test case judgment in favour of policyholders...
01 February 2021
Hurricanes, floods, hailstorms and other severe weather-related events made up more than 90% of the $US268 billion in natural peril losses last year, an annual review from Aon says...
01 February 2021
US broker Gallagher has recorded higher earnings, as hardening rates cushioned the business from the economic disruption of COVID-19...
01 February 2021
Marsh & McLennan says fourth quarter revenue from its risk and insurance services, made up of broker Marsh and reinsurance broker Guy Carpenter, increased 6% to $US2.53 billion from a year earlier...
01 February 2021
Insurtechs raised $US2.1 billion in capital during the December quarter, taking the investments received globally last year to a record $US7.1 billion from 377 deals, Willis Towers Watson says in a quarterly report...
01 February 2021
The UK Financial Conduct Authority is seeking feedback on proposals to place a cap on fees that claims management companies charge for helping their customers to seek redress...
01 February 2021
A Willis Towers Watson survey on reputational risk has found 86% of clients fear revenues will be impacted by negative publicity, and less than half say they have adequate tools to manage and monitor potentially damaging comments in the public domain, particularly in social media channels...
01 February 2021
Climate change is expected to significantly impact hurricane activity in the US by 2050 in the form of more frequent, intense storms and other related hazards, new research from catastrophe risk modeller AIR Worldwide says...
01 February 2021
Natural catastrophe exposure and ageing assets are among a list of challenges facing the renewable energy insurance market this year, according to a Willis Towers Watson report...
01 February 2021
Lloyd’s proposed plan for a dedicated platform to deploy and manage investor capital has received approval from the UK regulators, the Prudential Regulation Authority and Financial Conduct Authority...
14 December 2020
Super Typhoon Goni, which hit the Philippines in November, was the strongest storm at landfall in recorded history with average sustained winds of 315 kilometres an hour, Aon’s latest Global Catastrophe Recap report says...
14 December 2020
UK commercial motor insurers can regain businesses that were lost this year to the pandemic disruption if they make an effort to be more flexible with their offerings, according to consultancy GlobalData...
14 December 2020
The UK regulator has released draft guidance to smooth the process for coronavirus-related claims under some wordings following the High Court’s judgment on business interruption exclusions...
14 December 2020
Munich Re has released a five-year corporate plan, setting out the list of goals the German reinsurance giant intends to achieve between now and 2025...
14 December 2020
Australia is creating a knowledge base to assist a global recovery from the COVID-19 pandemic take shape as the nation demonstrates how to keep workers and the public safe while rebuilding the economy, Aon says...
14 December 2020
Zurich has agreed a deal to acquire MetLife’s $US4 billion property and casualty business in the US...
07 December 2020
Munich Re has flagged pandemic-linked reinsurance losses of €3.4 billion this year...