10 August 2020
US conglomerate Berkshire Hathaway has made huge provisions for potential losses and claims from the pandemic, denting the underwriting results of its commercial insurance and reinsurance business for the second quarter...
10 August 2020
Reputation, human capital, intellectual property and other “intangible” assets are becoming the dominant driver of value in most industries and are a major blind spot for firms not factoring this into their risk models, Lloyd’s says...
03 August 2020
The UK High Court’s business interruption test case judgment could be delivered next month after hearings concluded last week...
03 August 2020
Registration has opened for next month’s Dive In festival, which will have over 90 diversity and inclusion events hosted in more than 30 countries including Australia...
03 August 2020
Insurers and brokers operating in the Lloyd’s market have been told they must have at least 35% of leadership roles filled by females by the end of 2023...
03 August 2020
The spread of coronavirus took its toll on first quarter global mergers and acquisitions, and the second quarter likely saw even weaker activity as the full impact of lockdowns on deal appetite becomes clearer...
03 August 2020
Swiss Re has reported a first-half net income loss of $US1.1 billion after booking $US2.5 billion in claims and reserves related to the coronavirus pandemic...
03 August 2020
Aon has posted a 44% rise in net income to $US398 million for the second quarter from a year earlier, aided by a sharp decline in expenses that cushioned the impact of weaker revenues...
03 August 2020
Willis Towers Watson says the coronavirus pandemic will cause it pain for the rest of the year at least...
03 August 2020
Global broker Gallagher has recorded a 36% rise in second quarter net earnings to $US161.8 million from a year earlier, fuelled partially from hardening property and casualty rates...
03 August 2020
Chubb has reported a second-quarter loss of $US331 million due mainly to coronavirus-related losses flagged last month...
03 August 2020
Global catastrophe bond issuance has surged after contracting last year, a new update on insurance linked securities activity from Aon finds...
27 July 2020
The Hospitality Insurance Group Action has argued its case against insurers including QBE as a business interruption test case continues in the UK High Court...
27 July 2020
Last summer’s devastating Australian bushfire season and severe weather events in North America led to about $US68 billion in overall natural disaster losses for the first-half of the year, according to Munich Re...
27 July 2020
The pandemic has underscored the importance of clear and consistent cyber policy wording, according to a new research paper...
27 July 2020
Lloyd’s has approved a new syndicate to offer insurance for the storage and transportation of COVID-19 vaccine to emerging economies when it becomes available...
27 July 2020
Every business needs to accept new ways of operating after COVID-19, creating “tremendous opportunity” for transformation at businesses which are prepared and act astutely, according to a leading US risk management expert...
20 July 2020
The UK business interruption test case starts in the High Court in London today with the Financial Conduct Authority taking the side of policyholders in opening submissions...
20 July 2020
Institutional investors in search of better returns are looking to park more of their funds in the insurance industry, according to an AM Best report, citing the recent capital-raising actions made by QBE and other major insurers such as StarStone Insurance...
20 July 2020
The reinsurance sector is facing “a whole new layer of uncertainty” created by the pandemic, Aon says in its latest June/July market outlook...