Revenue rise for Ebix
18 November 2019
Insurance software company Ebix’s revenue has grown 14% to $US147.2 million, despite a 20% drop in revenue from its Risk Compliance Solutions channel...
International
Talanx sees 4% premium growth in 2020
18 November 2019
HDI Global parent Talanx expects continuing premium growth of about 4% in 2020 after a strong performance so far this year...
Increasing premium rates, organic growth buoy Beazley
18 November 2019
Specialist insurer Beazley has increased its gross written premium by 12% to $US2.19 billion in the third quarter compared to the previous corresponding period...
Lloyd's to simplify its governance
11 November 2019
Lloyd’s will merge its council and Franchise Board from June under a new arrangement to simplify its governance and improve efficiency...
Wildfire risk pricing 'challenged by regulation'
11 November 2019
Regulatory challenges are adding to insurer woes as the frequency and severity of wildfire grows, especially in California, the New York-based Insurance Information Institute says...
UK regulator takes aim at harrassment, bullying in insurance
11 November 2019
The UK regulator is “deeply concerned” about recent reports of sexual harassment and bullying in the London market and has singled this out as a priority focus over the coming year...
Aviation claims more frequent, more severe
11 November 2019
Aviation insurance claims are increasing in both frequency and severity, driven up by more valuable aircraft, higher repair costs and rising liability awards for crash victims, a study of five years of claims in the sector has found...
Hagibis tops October losses at $US10 billion, Aon says
11 November 2019
Total economic losses of more than $US10 billion are expected in Japan after Typhoon Hagibis swept through the greater Tokyo metro region in October, killing 95 people and damaging or destroying more than 93,250 structures...
Operating profit down at Allianz
11 November 2019
The operating profit in the Property and Casualty division at Allianz dropped by more than 10% in the third quarter compared to last year, the insurer says...
Zurich’s P&C premium gains 7% in year to September
11 November 2019
Zurich’s Property & Casualty gross written premium rose 7% in the first nine months of the year, as most regions saw improvement and rate gains accelerated in the most recent quarter...
AIG expects profitable full-year underwriting
11 November 2019
AIG’s general insurance business improved in the third quarter and the company expects to deliver underwriting profitability for the full year, helped by lower catastrophe losses, revised underwriting and reinsurance practices and a crackdown on costs...
Munich Re upbeat on earnings forecast
11 November 2019
Munich Re has affirmed its net income is on course to exceed €2.5 billion this year after the business performed above expectations in the third quarter...
Berkshire runs flat in Q3
11 November 2019
Berkshire Hathaway’s insurance arm made $US440 million in net underwriting profit in the third quarter, which was marginally weaker than the $US441 million achieved a year earlier...
'New normal' California fires expose modelling gaps: AM Best
04 November 2019
The California wildfires now burning across the state are a “new normal” that will require insurers to reconsider their risk assessment of the peril, according to AM Best...
Lloyd's-backed study finds $US101 billion cyber gap
04 November 2019
A new report backed by Lloyd’s shines a light on a large cyber insurance gap at major ports in the Asia-Pacific...
Asia-Pacific reinsurers must adapt or lose market share
04 November 2019
Reinsurers in the Asia-Pacific region will find their “home-court advantage” eroded by the hard-to-predict nature of urbanisation and chaotic weather, bringing more complex pricing challenges, and the need for risk diversification, S&P warns...
Swiss Re hit by hurricane, Thomas Cook collapse
04 November 2019
Swiss Re’s underwriting performance was affected by $US1.7 billion in large catastrophe claims in the first nine months of 2019, including from Hurricane Dorian and the compulsory liquidation of Thomas Cook in the third quarter...
Chubb profit tumbles
04 November 2019
Chubb has posted an 11.4% decline in third quarter net profit to $US1.09 billion...
JLT boost for Marsh in third quarter results
04 November 2019
Marsh & McLennan has posted a rise in third quarter net income to $US303 million from $US276 million a year earlier...
WTW posts 70% income rise in Q3
04 November 2019
Global broker Willis Towers Watson lifted its third-quarter net income by 70% to $US75 million as each of its four core business segments demonstrated healthy growth in revenue...