Beale joins Crawford board
24 February 2020
Former Lloyd's CEO Inga Beale has been appointed an independent director of global claims management group Crawford & Company...
International
Merger and acquisition deals climb to four-year high
24 February 2020
The number of mergers and acquisitions globally in the insurance industry rose 10% to 419 deals last year, the highest in four years, international law group Clyde & Company says...
Renewables predicted to alter reliance on oil, mining
24 February 2020
The oil and mining industries make up around a third of demand for credit and political risk insurance, but that is set to change as interest in renewables rises, according to broker BPL Global...
Lloyd's set to update market on performance progress
24 February 2020
Lloyd's says improvements to the way the market operates will become tangible this year as it moves ahead with a blueprint to cut costs and overhaul its performance...
Airbnb, Uber 'blurring product lines'
24 February 2020
Analytics company GlobalData says the rise of sharing economy companies such as Airbnb and Uber pose both challenges and opportunities to insurance, blurring the lines for an industry which typically distinguishes between personal and commercial products...
Floods storm in as Dennis menaces UK
17 February 2020
Parts of the UK were inundated with severe rain and flooding as Storm Dennis triggered a highest red warning alert for south Wales from the Met Office yesterday...
Team gets job to improve Lloyd’s culture
17 February 2020
Lloyd’s has published a list of the 14 members who make up its new Culture Advisory Group, set up as part of a comprehensive drive for behavioural change in the market...
AIG returns to profitability
17 February 2020
AIG has reported a net income of $US922 million in the fourth quarter, making a strong recovery from the $US622 million loss the business suffered a year earlier..
Zurich’s P&C arm delivers strong earnings
17 February 2020
Zurich has reported a 12% rise in full-year net income to $US4.14 billion, lifted in part by a strong showing from its property and casualty arm...
UK regulator sets out rules to aid travellers with medical issues
17 February 2020
UK consumers with medical conditions who find it difficult to obtain travel insurance will be directed to a directory of firms prepared to provide cover under rules to take effect this year...
Global insurance deals halved value in 2019
10 February 2020
The value of mergers and acquisitions in the global insurance industry halved to $US43.63 billion last year...
Coronavirus tipped to hurt China’s insurers
10 February 2020
The coronavirus outbreak is likely to weigh on earnings at China’s general and life insurance firms this year, S&P says, although the ratings agency expects eventual mortality claims will be moderate...
Chubb in ‘excellent shape’ as earnings more than triple
10 February 2020
Chubb has started the year in “excellent shape” after the business finished the December quarter on a strong note, Chairman and CEO Evan Greenberg says...
WTW posts strong Q4 result
10 February 2020
A 13% jump in sales for the final three months of last year pushed annual revenue at Willis Towers Watson to $US9.04 billion, driven by robust generation of new business and strong client retention...
Talanx earnings hit record high of €923 million
10 February 2020
German insurer Talanx achieved record net income of €923 million last year, up almost a third from a year earlier and fulfilling the company’s ambitious guidance...
Moving into Europe tipped to ease UK insurers’ pain
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...
Digitalisation driving change: Swiss Re
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...
Insurtech investments set new record
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...
Climate action failure is ‘top risk to global prosperity’
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...
JLT acquisition pays dividends for Marsh
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...