Lloyd’s caters to fast-growing space market
09 December 2019
Lloyd’s has introduced a new multi-million-pound insurance policy called Llift Space for the emerging private spaceflight industry...
International
US-China rivalry ranks as top political risk
09 December 2019
The tussle for global supremacy between the US and China looms as the biggest political risk next year, according to a Willis Towers Watson global survey of 41 major companies...
Mindsets shifting as gender diversity progresses
09 December 2019
The global financial services sector is making progress on gender diversity in the workforce as mindsets evolve, a report from Guy Carpenter affiliate Oliver Wyman says...
Industry steps up coal exit
02 December 2019
The number of insurers who have made moves to reduce covers for coal businesses has more than doubled to 17 this year, according to the Greenpeace-backed Unfriend Coal campaign...
Dorian ranked as hurricane season’s ‘most notable’ storm
02 December 2019
The Atlantic hurricane season ended last month with maximum Category 5 storm Dorian ranked as the “most notable” in terms of damage caused, the US Insurance Information Institute says...
Axa reins in coal underwriting, launches FastCat
02 December 2019
French insurer Axa has banned its insurance team from offering cover to new coal projects as it launches a parametric assistance product called FastCat and urges that more be done to counter the “climate emergency”...
Hong Kong faces extreme heat challenge
02 December 2019
Hong Kong must continue strengthening its resilience towards extreme weather events, including severe heat, which are increasing in frequency and intensity due to climate change, a new report finds...
Zurich takes control of Indonesian insurer
02 December 2019
Zurich has invested an undisclosed amount for an 80% stake in PT Asuransi Adira Dinamika, one of Indonesia’s key general insurers with $US170.4 million in gross written premium last year...
UK insurers face $210 million bill from Yorkshire floods
02 December 2019
Insured losses from the Yorkshire and Midlands floods are expected to reach £110 million, according to the Association of British Insurers...
Lloyd’s unveils #SpeakUp campaign
25 November 2019
Lloyd’s has initiated a new campaign to counter unacceptable behaviour and accelerate a culture of integrity, respect and inclusion across its market...
Allianz Global offers unbundled risk services
25 November 2019
Allianz Global Corporate and Specialty is offering new risk consulting, captive fronting and crisis management services for its property & casualty business clients...
Aon buys CoverWallet
25 November 2019
Aon will acquire US insurtech CoverWallet, giving the broker access to a $US200 billion digital insurance market for small business...
Chubb to up stake in China’s Huatai
25 November 2019
Chubb will increase its stake in Huatai Insurance Group after receiving the green light from China’s financial regulator...
Aon unveils private placement cat bond platform
25 November 2019
Aon has introduced a new private placement catastrophe bond platform via its investment banking arm, Aon Securities...
Insurance to buck slowing global economy
18 November 2019
The insurance market will be propped up in coming years by very strong demand in China and other parts of emerging Asia, helping the industry buck a trend for weakening global economic growth, Swiss Re says...
Fire at UK student hostel sparks new cladding fears
18 November 2019
Concerns over the use of potentially dangerous cladding materials have again emerged after a fire broke out at a student housing block in the UK...
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...
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...