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…
International
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…
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…
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…