Lloyd’s tightens booze ban
15 April 2019
Lloyd’s passholders who show signs of being under the influence of alcohol will be barred from entering the market’s premises during working hours, under new rules announced last week…
International
Tech revolution 'brings underwriting, operational' dangers
15 April 2019
Automated underwriting and the prospect of intelligent software selling policies to customers will require a “different way of thinking about insurance risks”, a new report says…
Reinsurer conference feels ‘winds of change’
15 April 2019
Climate change, digital disruption and other pressing issues will be discussed under the “winds of change” theme at the Singapore International Reinsurance Conference in October…
Cooler seas point to milder hurricane season
08 April 2019
Cooler sea surface temperatures in the tropical Atlantic and far north may mean fewer major hurricanes making landfall in the US and Caribbean this year…
Billions suffer as climate change indicators rise
08 April 2019
The physical signs and socio-economic impacts of climate change are accelerating as record greenhouse gas concentrations push temperatures to dangerous levels, the World Meteorological Association says…
FCA cracks down on claims management ‘cowboys’
08 April 2019
Britain’s Financial Conduct Authority has started regulating claims management companies in a crackdown on misconduct…
Energy market ‘in trauma’
08 April 2019
Atrocious loss records, a depleted premium pool and increased operating costs have put a squeeze on the downstream energy insurance market, Willis Towers Watson says…
US personal lines rates up as disasters take toll
08 April 2019
Huge price increases in catastrophe-hit Florida and California contributed to a 2% rise in the US composite rate for personal lines coverage in the first quarter, according to analyst MarketScout…
Court approves Marsh-JLT deal
01 April 2019
Marsh & McLennan’s $US5.6 billion takeover of JLT is set for completion today after the UK High Court of Justice approved the deal on Friday…
Lloyd's takes action after sexual harassment claims
01 April 2019
Lloyd’s will impose tough sanctions, including potential lifetime bans, against people found guilty of sexual harassment in the London marketplace…
Lloyd’s cuts losses as turnaround plan kicks in
01 April 2019
Lloyd’s maintains things are looking up despite the market posting losses for the second consecutive year…
Key design flaw flagged as UK car thefts surge
01 April 2019
A security weakness in some keyless entry systems has partly driven record payouts for car thefts in the UK, insurers say…
RIMS invites insurtechs to make a pitch
01 April 2019
The Risk and Insurance Management Society will hold its first insurtech competition…
Automation leaves power grids vulnerable: Guy Carpenter
25 March 2019
Cyber attacks on electricity infrastructure are occurring more frequently but are not being reported, according to Guy Carpenter…
Munich Re expects profit gains
25 March 2019
Munich Re estimates net profit this year will increase by €200 million to €2.5 billion…
Ethiopian plane crash payouts may top $140 million
25 March 2019
Claims arising from the Ethiopian Airlines Boeing 737 MAX 8 plane crash earlier this month could exceed $US100 million, according to Aon…
Talanx loss burden tops budget despite drop
25 March 2019
German insurer Talanx’s large losses declined 25% last year to €1.2 billion, but they still exceeded its anticipated budget of €1.1 billion…
Lloyd’s sets Dive In dates
25 March 2019
Lloyd’s will hold its annual diversity and inclusion festival from September 24-26…
Brexit extension ‘must not be wasted’
18 March 2019
The UK Parliament’s decision to seek a Brexit extension presents an opportunity that “must not be wasted” to reach a deal, the Association of British Insurers says…
Rare ‘bomb’ storm blasts US Midwest
18 March 2019
The “bomb cyclone” that hit the US Midwest last week is the northern winter’s biggest insurance event, the Insurance Information Institute says…