EU data laws causing ‘titanic shift’ for privacy
27 May 2019
The US and Japan are among countries to tighten data privacy laws since the European Union’s General Data Protection Regulation took effect in May last year…
International
ABI pushes for access to cyber-breach data
27 May 2019
Access to cyber-breach data collected by the UK Information Commissioner’s Office would help insurers better assess and price risk, the Association of British Insurers says…
Industry ‘not aligned’ with consumer demands
20 May 2019
Insurers are not meeting consumers’ demands for better protection from a growing list of emerging risks such as cyber and increased natural catastrophes, according to Capgemini’s annual World Insurance Report…
US tornadoes take heavy toll
20 May 2019
The US suffered multibillion-dollar losses from almost 250 tornado touchdowns last month, the most for any April since 2011, according to Impact Forecasting…
Allianz profit slips in first quarter
20 May 2019
Allianz Australia made a first-quarter operating profit of €49 million, down 15.2% from the corresponding period last year…
Zurich on track as pricing trends improve
20 May 2019
Zurich says property and casualty pricing improved in the first quarter, but gross written premium fell 2% to $US9.18 billion due to local currency impacts and the disposal of a business in Germany…
Guy Carpenter joins Aon for blockchain collaboration
20 May 2019
Aon and Guy Carpenter have teamed up on a blockchain project aiming to bring greater efficiency to the reinsurance placement process…
Act on UK floods or face consequences: ABI
13 May 2019
The Association of British Insurers is urging the UK Government to invest £1 billion a year in flood defences…
Lloyd’s to invest in another insurtech
13 May 2019
Lloyd’s is to invest in a cloud-based commercial insurance platform for small business following a trial in its insurtech lab…
AIG income soars on improved underwriting
13 May 2019
Adjusted pre-tax income from AIG’s general insurance arm jumped 149% to $US1.27 billion in the first quarter, as underwriting and cost discipline improved…
Cat losses drag on Munich Re earnings
13 May 2019
Munich Re has recorded a decline in first-quarter net profit to €633 million from €827 million…
Talanx on track for ‘ambitious targets’
13 May 2019
Talanx net profit grew 7.8% to €235 million in the first quarter as its new HDI Global Specialty joint venture made its first contribution to insurance revenue…
Hiscox finds growth in ‘right areas’
13 May 2019
Hiscox’s gross written premium gained 3.3% to $US1.17 billion in the first quarter as the specialty insurer focused on areas of strong rate growth…
Liberty Mutual hails solid first quarter
13 May 2019
Liberty Mutual’s first-quarter net written premium totalled $US9.7 billion, up 2.8% on the corresponding period last year…
Beazley improves despite claims spike
13 May 2019
Beazley’s gross written premium increased 16% to $US731 million in the three months to March 31…
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…
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…