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Marsh records 6% rise in Q4 risk revenue

01 February 2021

Marsh & McLennan says fourth quarter revenue from its risk and insurance services, made up of broker Marsh and reinsurance broker Guy Carpenter, increased 6% to $US2.53 billion from a year earlier...

Investors put record $9.3 billion into insurtechs

01 February 2021

Insurtechs raised $US2.1 billion in capital during the December quarter, taking the investments received globally last year to a record $US7.1 billion from 377 deals, Willis Towers Watson says in a quarterly report...

Businesses fear income hit from reputational damage

01 February 2021

A Willis Towers Watson survey on reputational risk has found 86% of clients fear revenues will be impacted by negative publicity, and less than half say they have adequate tools to manage and monitor potentially damaging comments in the public domain, particularly in social media channels...

US facing higher hurricane risk as climate change accelerates

01 February 2021

Climate change is expected to significantly impact hurricane activity in the US by 2050 in the form of more frequent, intense storms and other related hazards, new research from catastrophe risk modeller AIR Worldwide says...

Renewable energy ‘faces challenging year’

01 February 2021

Natural catastrophe exposure and ageing assets are among a list of challenges facing the renewable energy insurance market this year, according to a Willis Towers Watson report...

Lloyd’s sets up vehicle to attract investors

01 February 2021

Lloyd’s proposed plan for a dedicated platform to deploy and manage investor capital has received approval from the UK regulators, the Prudential Regulation Authority and Financial Conduct Authority...

November’s Typhoon Goni strongest ever storm at landfall

14 December 2020

Super Typhoon Goni, which hit the Philippines in November, was the strongest storm at landfall in recorded history with average sustained winds of 315 kilometres an hour, Aon’s latest Global Catastrophe Recap report says...

Flexibility seen as key to UK motor insurers’ recovery

14 December 2020

UK commercial motor insurers can regain businesses that were lost this year to the pandemic disruption if they make an effort to be more flexible with their offerings, according to consultancy GlobalData...

FCA consults on business interruption guidance

14 December 2020

The UK regulator has released draft guidance to smooth the process for coronavirus-related claims under some wordings following the High Court’s judgment on business interruption exclusions...

Munich Re sets out five-year growth plan

14 December 2020

Munich Re has released a five-year corporate plan, setting out the list of goals the German reinsurance giant intends to achieve between now and 2025...

Aon hails Australia’s virus strategies

14 December 2020

Australia is creating a knowledge base to assist a global recovery from the COVID-19 pandemic take shape as the nation demonstrates how to keep workers and the public safe while rebuilding the economy, Aon says...

Catastrophe losses dent US insurers’ earnings

07 December 2020

US property and casualty insurers recorded a 25.2% decline in net income to $US35.5 billion for the nine months to September from a year earlier, according to data compiled by AM Best...

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