COVID exposes dynamics of long-tail risks
04 October 2021
The COVID pandemic has given business leaders insights to better understand and prepare for the dynamics of long-tail risks, Aon says...
International
AM Best lifts Zurich rating outlook to positive
04 October 2021
AM Best has lifted Zurich’s long-term Issuer Credit Rating outlook to positive, from stable, and affirmed the insurer’s A+ Financial Strength Rating with a stable outlook...
Reinsurers under-estimating climate risk by as much as 50%: S&P
27 September 2021
S&P Global Ratings says reinsurers globally have probably underestimated their exposure to physical climate risk by 33-50% despite increased efforts to price in the impact of extreme weather events...
Reinsurers remaining 'disciplined' as capacity increases
27 September 2021
Reinsurers are taking a disciplined approach to the market as they continue to focus on underwriting profitability, Everest Re Group CEO Juan Andrade has told at an AM Best industry briefing...
Catastrophe bond issuance on track for record: Fitch
27 September 2021
Natural catastrophe bond issuance is expected to reach record levels this year as the alternative reinsurance capital sector remains strong and viable, Fitch Ratings says...
Predictive analysis key for cargo supply chains
27 September 2021
Cargo risk underwriters will need to draw on predictive analysis as supply chains are transformed following impacts from the COVID-19 pandemic, an International Union of Marine Insurance event has heard...
Zurich teams up with UNICEF to promote mental well-being
27 September 2021
Zurich has announced a three-year global partnership with United Nations children’s agency UNICEF to promote mental well-being among young people...
Consultant puts value of MGAs revenue at $17.2 billion
20 September 2021
Managing general agencies and cover-holder groups such as delegated underwriting authorities globally earned revenues valued at $US12.5 billion last year, according to consultancy Insuramore...
UK home premiums slide after pandemic impact
20 September 2021
Home insurance premiums in the UK have fallen 5.6% in the past 12 months and 6.4% since a June peak last year as a result of the COVID-19 pandemic, Consumer Intelligence says...
Lloyd's sets ethnic minority hiring targets
20 September 2021
Lloyd’s says its marketplace has made good progress on gender parity, particularly at the Board and Executive level, and it has now committed that one third of all new hires at the Lloyd’s Corporation should come from ethnic minority backgrounds...
UK business interruption settlements reach $1.3 billion
20 September 2021
The UK Financial Conduct Authority says business interruption claim final settlement payments have risen to £696.2 million as funds continue to flow following a test case decision early this year on pandemic-related cover...
Correction: Lloyds combined operating ratio
20 September 2021
Lloyd’s has amended the timeframe for a combined operating ratio included in its half-year results media release.
COVID trends still emerging in M&A market: Liberty
20 September 2021
The COVID-19 pandemic has not led to a surge in “buyers remorse” claims in the mergers and acquisitions market, but new trends are likely still emerging, Liberty Global Transaction Solutions says in its second annual briefing...
Swiss Re sees global premiums back to pre-COVID levels
13 September 2021
Swiss Re says non-life insurance premiums will be 10% above pre-COVID-19 levels by the end of this year and will continue to rise due to increased exposures and risk awareness, as well as evolving cover requirements...
Global reinsurance capital rises in first half: Willis Re
13 September 2021
Global reinsurance capital rose to $US688 billion in the first half of this year, a 4% increase from the end of December, a Willis Re report says...
Reinsurer outlook improves as COVID risk dims
13 September 2021
Reinsurers globally are expected to perform better this year and also over the next 12 months, supported by a rebound in economic activity and lower virus-related losses, Fitch says in a new report...
Primary rates stabilising: Guy Carpenter
13 September 2021
Guy Carpenter Global Head of Distribution Lara Mowery has given a peek at what to expect ahead of the January renewals season...
Munich Re looks to sharpen digital edge, cyber expertise
13 September 2021
Munich Re says data analytics and use of algorithms offer huge potential for the insurance industry, creating new risk protection solutions and improving customer outcomes...
RMS estimates Hurricane Ida losses at $34-47 billion
13 September 2021
Hurricane Ida onshore and offshore insured losses could reach $US25-35 billion, catastrophe modelling firm RMS estimates...
Hurricane Ida causes more floods as remnants sweep north
06 September 2021
Hurricane Ida remnants caused additional heavy rainfall and flooding in the US northeast last week after the system earlier crossed the Louisiana coastlines as one of the most powerful storms to hit the region...