03 February 2020
British insurers are likely to be impacted by negative effects on the local economy from Brexit, although creating subsidiaries in the European Union will counter the end of passporting rights in the longer term, says AM Best...
03 February 2020
New data-driven insurance business models are set to emerge in the near future, fuelled by the digital transformation sweeping across the industry, a Swiss Re Sigma report predicts...
03 February 2020
Investors poured a record $US1.99 billion into insurtechs around the world during the December quarter, up 32% from the previous quarter, according to a regular Willis Towers Watson industry update...
03 February 2020
Failure to take action on climate change has been named the number one risk to prosperity in the World Economic Forum’s latest annual risk survey, ranking higher than weapons of mass destruction, cyber attacks and infectious diseases...
03 February 2020
Marsh & McLennan has produced a solid December quarter to finish the year strongly, lifted in part by its $US5.6 billion acquisition of rival broker JLT last April...
03 February 2020
Aon has achieved a 35% rise in overall net income to $US1.53 billion for last year, driven in part by strong organic growth in its commercial risk solutions and reinsurance solutions arms in the December quarter...
03 February 2020
Gallagher is confident it has the “momentum” to continue performing strongly after its core brokerage and risk management arms achieved solid results last year...
03 February 2020
WR Berkley gross written premium rose 10.1% in the December quarter, with the US-based company noting “further compelling evidence” of an improving market...
03 February 2020
Natural catastrophes cost insurers $US53 billion last year, with severe weather perils such as hail and tornado accounting for the biggest share at 40.1%, Willis Re says in its annual catastrophe roundup...
03 February 2020
The Risk and Insurance Management Society has commended the US Congress for authorising a seven-year extension of the Terrorism Risk Insurance Act, providing a critical financial backstop...
16 December 2019
Catastrophic events could wipe more than half a trillion dollars from world economic growth in 2020, according to the Cambridge Centre for Risk Studies’ latest Global Risk Index...
16 December 2019
Property and casualty insurers need to evaluate their distribution, underwriting, pricing and risk mitigation business models to break away from their competitors, a new report from Guy Carpenter says...
16 December 2019
Lloyd’s has created a new Technology and Transformation Committee to oversee its Blueprint One plan to improve performance, and has also raised £300 million in debt to fund the program...
16 December 2019
Insurance industry deals around the globe reached a value of $US15.17 billion in the third quarter, GlobalData says...
16 December 2019
Insurance leaders should update job descriptions to attract more tech-savvy workers and also consider how their corporate missions relate to younger generations looking for a sense of purpose from work...
09 December 2019
The insurance industry remains resilient, is continuing to generate growth around the world and maintaining overall profitability despite turbulence in the global economy, a new study by Deloitte says...
09 December 2019
California has ruled that insurers cannot cancel or refuse to renew residential property policies due to wildfire risk for a year...
09 December 2019
European flooding and inland storms led to economic losses estimated at €1.7 billion, Aon’s Impact Forecasting says in a November catastrophes recap...
09 December 2019
So-called “bad news” not linked to financial results will trigger more claims in the directors’ and officers’ space, further straining what is already a loss-making line for insurers, according to Allianz Global Corporate & Specialty...
09 December 2019
Lloyd’s has introduced a new multi-million-pound insurance policy called Llift Space for the emerging private spaceflight industry...