Axa on track to meet full-year earnings target
10 May 2021
Axa XL says it is on track to meet an underlying earnings target of €1.2 billion this year after a positive first quarter...
International
Talanx drops carbon, embraces renewables
10 May 2021
HDI Global parent Talanx Group has for the first time calculated the emissions in its investments and plans to slice the carbon intensity of its liquid portfolio by almost a third...
Aon confident on WTW merger closure, benefits
03 May 2021
Aon remains confident its merger with Willis Towers Watson will be completed soon and deliver at least the level of benefits outlined when the deal was announced a year ago...
No sign firm P&C rate conditions will change: Gallagher
03 May 2021
There is no indication the firm property-casualty environment, in which rates are up in nearly all lines and geographies around the globe, will change anytime soon, the head of US broker Gallagher says...
Swiss Re P&C arm books strong rise in Q1 earnings
03 May 2021
Swiss Re’s property and casualty reinsurance business has booked a sharp rise in first-quarter net income of $US477 million from $US61 million in the corresponding period last year...
Marsh has ‘outstanding’ first quarter with $6.6 billion sales
03 May 2021
Marsh McLennan has reported a 9% jump in first quarter revenue to $US5.1 billion...
Chubb sees ‘early signs of recovery’ as Q1 earnings surge
03 May 2021
Chubb has recorded a sharp rise in first quarter earnings, with net income surging to $US2.3 billion from $US252 million a year earlier...
WTW earnings boosted by business sale
03 May 2021
Willis Towers Watson earnings jumped in the first quarter after it completed the sale of its Miller wholesale insurance broking business...
Lloyd’s welcomes new CFC syndicate to the market
03 May 2021
Specialist insurance provider CFC has the go-ahead from Lloyd’s to create a new syndicate...
Chinese insurers dominate top-10 insurance brand valuation list
03 May 2021
China is home to half of the ten most valuable insurance brands, led by top-ranked Ping An, according to an annual report from consultancy Brand Finance...
Governments ease pace on pandemic cover plans
26 April 2021
Government action on future insurance schemes to protect against pandemics has slowed as countries around the world continue to deal with ongoing COVID-19 impacts, The Geneva Group MD Jad Ariss says...
FCA releases BI calculator to assist with claims
26 April 2021
The Financial Conduct Authority has published a calculator to assist policyholders that need to prove the presence of COVID-19 within a specified distance from their premises in order to make a business interruption claim...
Reinsurers take performance hit from COVID-19
26 April 2021
Reinsurers’ net profit slumped 70% last year to $US5.4 billion while property and casualty combined operating ratios blew out due to losses related to COVID-19, an Aon report shows...
UK forum set to examine insurance shortfalls
26 April 2021
The Chartered Insurance Institute, a UK group supporting professional standards, has created a President’s Forum to explore customer needs not currently being met by the industry...
Lloyd’s taps Kroll Bond Rating Agency for extra opinion
26 April 2021
Lloyd’s has appointed Kroll Bond Rating Agency to provide an extra independent opinion on its financial strength, adding to assessments from Standard & Poor’s, AM Best and Fitch Ratings...
Aon-WTW deal still to clear regulatory hurdles
19 April 2021
Aon’s proposed US$30 billion merger with Willis Towers Watson is still awaiting regulatory clearances as the European Commission considers commitments lodged this month to address competition concerns, while authorities in other countries are also completing reviews...
UK insurer BI claim settlements top $600 million
19 April 2021
UK insurers have paid out £352.1 million in business interruption claim final settlements following the test case judgment earlier this year, the Financial Conduct Authority says...
Lloyd’s plans underwriting room revamp
19 April 2021
Lloyd’s has outlined plans for a “once-in-a-generation” revamp of its underwriting room, building on technology changes and insights driven by the COVID-19 pandemic...
Aon pioneers vaccine transport cover using supply-chain sensors
19 April 2021
Aon has collaborated with a group of leading insurers and technology experts to underwrite COVID-19 cargo insurance risk with the help of sensors to track sensitive vaccine shipments as they make their journey from “factory to syringe”...
Cat insurance claim value hits record in UK
19 April 2021
The value of cat insurance claims rose 10% to an all-time high of £148 million in the UK last year as a record 1.06 million cat owners secured pet insurance...