23 September 2019
Lloyd’s first-half profit before tax has jumped to £2.3 billion ($4.2 billion) on higher investment returns, as the market moves ahead with a project to improve its long-term profitability...
23 September 2019
London-based loss adjuster and insurance services firm Charles Taylor has accepted a £261 million ($480.6 million) takeover offer from private equity firm Lovell Minnick...
23 September 2019
US-based companies reporting financial damage from hurricanes Harvey, Irma or Maria had collectively lost $US18 billion ($26.3 billion) in market value by August the following year, a study shows...
23 September 2019
Most board members and senior leaders in companies have spent less than one day in the past year focusing on cyber risks, according to a survey by broker Marsh and tech giant Microsoft...
23 September 2019
The Willis Research Network is partnering with computing firm Mitiga Solutions to provide cutting-edge volcanic ash cloud and sandstorm forecasting to the aviation industry...
23 September 2019
Payouts from Hurricane Dorian could cost insurers between $US4 billion and $US8.5 billion ($5.9 billion and $12.5 billion), according to catastrophe modeller RMS...
16 September 2019
Insurers have remained profitable despite nearly every large economy experiencing slowing momentum, while emerging markets are benefitting from insurtech investments, the Insurance Information Institute says...
16 September 2019
Insured losses from Typhoon Faxai will be anywhere between $US3 billion and $US7 billion ($4 billion and $10 billion), risk modelling firm AIR Worldwide says...
16 September 2019
Guy Carpenter says insurers and reinsurers must reassess the growing bushfire threat to avoid a “catastrophic claims event”...
16 September 2019
Affordable insurance coverage for major US events such as the Super Bowl, the Summer Olympics and large construction projects may be threatened unless government policy brought in after the September 11 2001 terrorist attacks 18 years ago is reinstated...
16 September 2019
Insured average annual losses rose $US6.1 billion ($8.86 billion) over 2019 to nearly $US92 billion ($133.67 billion), according to AIR’s global cat losses report...
16 September 2019
The Australian mining market has seen further increases in premium rating throughout the first half of 2019 as conditions carry on from the previous year, Willis Towers Watson says in its latest Mining Risk Review...
09 September 2019
In-market consolidation of syndicates in the Lloyd’s market is expected to continue as it maintains pressure and constraints on loss-making business, according to a new Aon report...
09 September 2019
S&P Global Ratings says a firming market has given reinsurers “breathing room” but the commoditisation of their business and the rise of alternative capital “nibbling” at their margins presents challenges...
09 September 2019
Global reinsurance capital rose 8% in the last six months to July, Willis Re says...
09 September 2019
Insured losses from the damage Hurricane Dorian left in the Bahamas and Caribbean could run up to $US3 billion, AIR Worldwide estimates...
09 September 2019
Insurance payouts for severe thunderstorms across the US are reaching billions of dollars, according to Impact Forecasting’s monthly global disaster recap...
09 September 2019
The global economy has less capacity to absorb a shock than it did at the start of the financial crisis more than a decade ago, while the insurance protection gap has also widened to a record $US1.2 trillion, Swiss Re says...
09 September 2019
Global catastrophe bond issuance contracted in the year to June 30 as costly storms in the US, Mexico earthquakes, Japan’s typhoon and California wildfires triggered concern over the pricing environment, a new report from Aon finds...
09 September 2019
New modelling has found the most likely scenario for cyber catastrophe loss is widespread data theft from a major email service provider, followed by large-scale ransomware at a leading cloud service provider...