01 November 2021
Swiss Re has achieved net income of $US1.3 billion in the first nine months of 2021, driven by a strong rebound in property and casualty despite significant large-loss events, particularly in the third quarter...
01 November 2021
Chubb has posted a 53.5% increase in third quarter net income from a year earlier to $US1.83 billion, lifted by a strong showing from its property and casualty arm...
01 November 2021
Lloyd’s has joined the Net-Zero Insurance Alliance ahead of the COP26 summit in Glasgow and will transition its Central Fund, which has net assets of £3 billion, to net zero by 2050 by redirecting capital flows to green investments, and publish a detailed roadmap to achieve this goal within the coming year...
25 October 2021
Munich Re has predicted reinsurance rates in Europe are expected to trend higher at the upcoming January renewal season, citing a number of factors such as major losses from extreme flooding on the continent and a rise in weather events in affected regions...
25 October 2021
AIG CEO and President Peter Zaffino says the insurance sector has not addressed emerging risks and climate change quickly enough, and cyber risk is also particularly concerning...
25 October 2021
Marsh McLennan has reported a 16% jump in quarterly sales to $US4.6 billion, marking a record for third quarter revenue amid strong momentum across all businesses on solid demand...
25 October 2021
Munich Re says natural catastrophe losses “burdened” its third quarter results but maintains the business is on track to achieve its €2.8 billion profit target for the year...
25 October 2021
Australian-owned CoTé Software and Solutions has launched its Agencymate platform in the US, featuring emerging technologies such as automation, artificial intelligence and machine learning...
18 October 2021
Very strong capital adequacy at global reinsurers continues to provide a cushion even as 2021 is likely to be the fifth year in a row of natural catastrophe losses at or above budget expectations, S&P Global Ratings says, including more than $US20 billion of COVID-related insured losses in the past 18 months...
18 October 2021
Final settlements for business interruption claims related to the COVID-19 pandemic in the UK have reached £766.6 million, the Financial Conduct Authority says in its monthly update...
18 October 2021
A volcano in Spain and earthquakes in Australia and Greece in September are reminders to the insurance industry of geologic and seismic risks, Aon’s latest Global Catastrophe Recap report says...
18 October 2021
Risk and Insurance Management Society CEO Mary Roth will retire after the US-based not-for-profit body holds its annual conference and exhibition in April next year in San Francisco...
18 October 2021
A new UK publication highlights how insurance is crucial to achieving net zero carbon emissions as the industry supports green innovation across multiple sectors and geographies...
11 October 2021
COVID-19 has brought home the message that “preparedness” is key, according to industry executives who spoke at a panel discussion hosted by broker Aon...
11 October 2021
Western European floods in July have generated losses of $US11 billion, ranking the event as the largest this year for regions outside the US, natural catastrophe data monitor Cresta says...
11 October 2021
Insurers will need to keep pace and evolve to provide new forms of cover that will be required to meet the growing needs of the sharing economy and mobility sector, global broker Marsh says...
11 October 2021
AM Best has affirmed its credit ratings of Allianz SE and subsidiaries, saying the assessments reflect the German insurance giant’s balance sheet strength...
11 October 2021
US mutual insurer FM Global says eligible policyholders will collectively receive about $US600 million in membership credit when they renew their cover next year...
04 October 2021
S&P Global Ratings has warned limited cyber underwriting capacity looms as the biggest hurdle to the growth of the market, which is seeing increased demand in response to worsening digital threats...
04 October 2021
The Association of British Insurers has detailed a five-point plan in a new budget submission setting out how the insurance industry can work constructively with the UK government...