Unlucky 13: Swiss Re names emerging risks
17 June 2024
The latest key risk trends have been identified in Swiss Re’s annual Sonar report...
International
US senators examine climate impacts on premiums
17 June 2024
A US Senate budget committee has held a hearing on climate change and insurance impacts amid concern over increasing home premiums...
Personal lines drive US insurers’ earnings recovery
17 June 2024
The US property and casualty industry made a net underwriting gain of $US9.3 billion ($13.9 billion) in the March quarter, rebounding from a year-earlier loss of $US8.5 billion ($12.7 billion), according to AM Best...
Economic risk dominates C-suite concerns
17 June 2024
Top executives fear economic risk most, with 82% highlighting threats posed by inflation, interest rates and currency volatility in a survey by global law firm Clyde & Co...
Insurance program to underpin Ukraine investment
17 June 2024
A $US350 million ($527 million) insurance program involving the US International Development Finance Corporation and Aon has been established to support investment directed at Ukraine’s urgent economic needs and long-term recovery...
AM Best upgrades reinsurance outlook
17 June 2024
AM Best has raised its global reinsurance sector outlook to positive from stable as robust profit margins follow a period of drastic repricing and changed terms and conditions...
Howden Re flags rate moderation with market at 'critical juncture'
03 June 2024
Howden Re says June property catastrophe reinsurance renewals have moderated following rate increases in the past two years, but market participants remain cautious...
Consumers in dark on latest insurance scams
03 June 2024
About half of adults in Britain struggle to tell the difference between a real and fake insurance advert, a survey commissioned by the Association of British Insurers has found...
Bermuda watchdog, Lloyd’s strengthen ties
03 June 2024
Lloyd’s and the Bermuda Monetary Authority have signed a memorandum of understanding to foster innovation and education after earlier this year outlining plans for closer collaboration...
HDI Global says foundations laid for successful year
03 June 2024
Industrial insurer HDI Global has reported a stronger first-quarter profit as it benefited from price increases, new business and reduced disaster losses...
Allianz sounds alarm over ‘unprecedented’ shipping risk
27 May 2024
Allianz Commercial has warned of a changing risk profile for the shipping industry despite the number of vessels lost worldwide hitting a record low...
UK regulator allows four firms to restart add-on sales
27 May 2024
The Financial Conduct Authority has permitted four companies to restart sales of guaranteed asset protection (GAP) insurance after they acted to improve the product’s value to customers...
Forecasters flag above-average Atlantic hurricane season
27 May 2024
The US National Oceanic and Atmospheric Administration says there is a significant chance of a strong Atlantic hurricane season, with as many as seven category 3-plus storms predicted...
Canopius names new chairman
27 May 2024
UK-based Canopius has appointed experienced insurance executive and board member Andy Haste as group chairman, effective from July...
Berkshire Hathaway acquires $10 billion Chubb stake
20 May 2024
Warren Buffett’s Berkshire Hathaway has acquired a stake in Chubb worth $US6.7 billion ($10 billion) at the end of March, a filing to the US Securities and Exchange Commission shows...
Homeowners ‘running out of options’ as planet heats up
20 May 2024
Climate change has rewritten the rules for homeowners, leaving many struggling with increasingly risky properties and limited options, a US webinar exploring insurance failures and the need for improved responses has heard...
Swiss Re’s confidence boosted after first quarter
20 May 2024
Net income of $US1.1 billion ($1.65 billion) in the first quarter has reinforced Swiss Re’s earnings guidance...
Commercial, retail results lift Zurich’s Q1
20 May 2024
Zurich says it performed strongly in the first quarter, fuelled in part by its property and casualty division...
Talanx on course to beat guidance
20 May 2024
A strong start to the year has increased Talanx’s confidence of “clearly exceeding” its annual net income target of more than €1.7 billion ($2.78 billion)...
Lawyer crackdown brings ‘hope’ to Florida property market
13 May 2024
Florida’s property insurance market is showing signs of improvement following legislative reforms to address legal system abuse and claim fraud, the Insurance Information Institute says...