24 August 2020
The top leaders at Aon and Aon Re, including the group’s President Eric Anderson, are inviting registrations for a series of live online “fireside chats” it has scheduled with the industry’s most senior executives ahead of January reinsurance renewals...
24 August 2020
An extension of the US National Flood Insurance Program, the country’s main source of flood insurance, is not assured after it expires at the end of next month, Marsh subsidiary Torrent Technologies says...
17 August 2020
Media stories about insurers not paying out COVID-19-related claims sent sentiment toward the sector to new lows in March and April and could cause lasting damage, industrial analyst GlobalData says...
17 August 2020
Aon’s proposed takeover of rival broker Willis Towers Watson has won the support of two key shareholder proxy advisory firms ahead of a vote next week...
17 August 2020
Natural catastrophes globally resulted in $US28 billion in insured losses in the first half, up 49% from a year earlier, according to Swiss Re...
17 August 2020
Almost half of cyber insurance policies for UK SMEs were distributed by brokers last year, indicating a big opportunity in this sphere going forward, GlobalData says...
17 August 2020
German insurer Talanx says the coronavirus pandemic has cost it €824 million in the first half, while bushfires in NSW cost it €40 million...
10 August 2020
July monsoon flood damage in Asia topped $US20 billion, with China, Japan and India hardest hit, while in the US record heat fuelled thunderstorms and a minimal billion-dollar insurance bill, Aon’s latest Global Catastrophe Recap says...
10 August 2020
Munich Re has posted a steep 42% plunge in second-quarter net income to €579 million from a year earlier, as virus-related claims took a toll on the business...
10 August 2020
Allianz first-half earnings fell 28.8% to €2.9 billion as the COVID-19 pandemic hit its property and casualty businesses...
10 August 2020
AIG says the impacts from COVID-19 “remain manageable” despite estimated losses of $US458 million from the pandemic in the second quarter...
10 August 2020
US conglomerate Berkshire Hathaway has made huge provisions for potential losses and claims from the pandemic, denting the underwriting results of its commercial insurance and reinsurance business for the second quarter...
10 August 2020
Reputation, human capital, intellectual property and other “intangible” assets are becoming the dominant driver of value in most industries and are a major blind spot for firms not factoring this into their risk models, Lloyd’s says...
03 August 2020
The UK High Court’s business interruption test case judgment could be delivered next month after hearings concluded last week...
03 August 2020
Registration has opened for next month’s Dive In festival, which will have over 90 diversity and inclusion events hosted in more than 30 countries including Australia...
03 August 2020
Insurers and brokers operating in the Lloyd’s market have been told they must have at least 35% of leadership roles filled by females by the end of 2023...
03 August 2020
The spread of coronavirus took its toll on first quarter global mergers and acquisitions, and the second quarter likely saw even weaker activity as the full impact of lockdowns on deal appetite becomes clearer...
03 August 2020
Swiss Re has reported a first-half net income loss of $US1.1 billion after booking $US2.5 billion in claims and reserves related to the coronavirus pandemic...
03 August 2020
Aon has posted a 44% rise in net income to $US398 million for the second quarter from a year earlier, aided by a sharp decline in expenses that cushioned the impact of weaker revenues...
03 August 2020
Willis Towers Watson says the coronavirus pandemic will cause it pain for the rest of the year at least...