Marsh & McLennan expects JLT integration ‘bumps’
06 May 2019
Marsh & McLennan CEO Dan Glaser has warned of “bumps” ahead as JLT is integrated but says the combined group will be better positioned than either business was before the acquisition…
International
Stephen Catlin returns with speciality insurer Convex
06 May 2019
Insurance industry veteran Stephen Catlin has launched a new specialty insurer and reinsurer, Convex Group, which will operate from London and Bermuda…
US pricing firms as insurers shore up underwriting: WTW
06 May 2019
Commercial insurance pricing in North America will see upward pressure in most lines this year as insurers embrace more disciplined underwriting, a new report finds…
Queensland floods sink Swiss Re P&C profit
06 May 2019
Swiss Re’s property and casualty reinsurance arm posted a 96% decline in first-quarter net income to $US13 million, squeezed by huge claims from the north Queensland floods and other major catastrophes…
P&C gains drive Scor result
06 May 2019
French reinsurer Scor says property and casualty gross written premium grew 12.8% in the first quarter…
Greenberg hails Chubb’s ‘very good’ quarter
06 May 2019
Chubb has recorded a 10.9% rise in first-quarter underwriting income to $US712 million, but net income fell 3.9% to $US1.04 billion…
Berkshire records earnings slump
06 May 2019
Berkshire’s insurance arm has posted a moderate drop in first-quarter underwriting net earnings, falling to $US389 million from $US407 million a year earlier…
XL gives Axa a revenue lift
06 May 2019
Axa says revenue growth in the first quarter was driven by property and casualty insurance gains in its recently acquired XL business…
Aon invests in future as profits rise
06 May 2019
Aon’s first-quarter results reflect impressive organic growth and increasing strength from investment initiatives, according to CEO Greg Case…
WTW records Q1 income gain
06 May 2019
Willis Towers Watson’s first-quarter net income increased by $US72 million compared with the corresponding period last year, totalling $US293 million…
Study reveals protection gap on IP risk
06 May 2019
Intellectual property remains underinsured despite the huge costs that can result if assets are stolen or destroyed, according to an Aon-backed global report…
Execs need an ART lesson
06 May 2019
Many top executives and risk managers lack the necessary knowledge of alternative risk transfer solutions to make use of these innovations, a new survey shows…
Lloyd’s puts spotlight on robot revolution
29 April 2019
Lloyd’s has released two reports highlighting the rapid acceleration of artificial intelligence and robotics, and the potential impact on insurance…
Cat losses dive after two costly years
29 April 2019
Global first-quarter catastrophe losses of $US7.1 billion were 47% below the recent 15-year average, based on preliminary figures, according to the Aon reinsurance market outlook…
Gallagher hails ‘fantastic’ start to year
29 April 2019
Gallagher has recorded improved earnings for the first quarter, putting the broker in a strong position for the rest of the year…
Talanx dumps coal business
29 April 2019
German insurer Talanx has announced an immediate halt to insuring new coal-fired power plants and coal mines…
Government to cover Notre-Dame fire damage
29 April 2019
The cost of rebuilding Notre-Dame de Paris will be paid by the French Government, which owns the cathedral and is its insurer…
Cyber attacks reach ‘new intensity’
29 April 2019
More than 61% of companies experienced digital attacks last year, up 45% on 2017, Hiscox says in an annual cyber-readiness report…
Cyber take-up soars as risk awareness grows
15 April 2019
Cyber-insurance purchases have doubled in five years in the US following high-profile disruptions from the WannaCry and NotPetya attacks, a Marsh report shows…
Consumers pay price for complex distribution chains: FCA
15 April 2019
The length and complexity of some insurance distribution chains means customers pay too much for home and motor products, according to the UK’s Financial Conduct Authority…