07 September 2020
The post-COVID-19 environment is fertile ground for insurers to find new ways to team with the public sector and help mitigate social inequality, insurance think-tank The Geneva Association says...
31 August 2020
Hurricane Laura destroyed buildings and killed at least 15 people in the southern US, after becoming the strongest system to cross the Louisiana coastline in more than 150 years on Thursday...
31 August 2020
California’s wildfires are likely to trigger insured losses in “in the billions of dollars”, Moody’s Investors Service estimates...
31 August 2020
Aon is a step closer to completing its takeover of rival Willis Towers Watson after shareholders in the broking giants voted for the deal last week at their respective extraordinary general meetings...
31 August 2020
The insurance protection gap globally rose to a record $US1.24 trillion last year and is set to worsen further because of the pandemic, Swiss Re says in a new Sigma report...
31 August 2020
Demand for mergers & acquisition insurance has risen despite the COVID-19 pandemic affecting regional deal activity in the second quarter, Liberty Global Transaction Solutions says...
24 August 2020
US court rulings in three jurisdictions have backed insurers in denying COVID-19 business interruption claims due to a lack of physical damage, as more cases are set to come forward...
24 August 2020
Thousands of residents across California who have been ordered to evacuate due to wildfires may be eligible for cost reimbursement from their insurance company, Insurance Commissioner Ricardo Lara says...
24 August 2020
The number of insurance industry mergers and acquisitions in the Asia Pacific region jumped 22% in the first half of 2020, with six completed in Australia, though coming months will be “stark,” law firm Clyde & Co says...
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...