AIG names chief underwriters
11 June 2019
AIG has appointed two general insurance underwriting chiefs to strengthen its global team, with the moves effective immediately…
International
Marsh steps up insurtech engagement
11 June 2019
Marsh is expanding its collaboration with Eos Venture Partners, an insurance-focused venture capital fund, to develop digital solutions for its clients…
Insurance the ‘lifeblood’ of a strong economy
03 June 2019
Insurance is an essential part of a strong economic foundation and sustained growth, yet few people are aware of its impact on fiscal health, according to the Insurance Information Institute…
Atlantic hurricane season opens with ‘normal’ outlook
03 June 2019
A near-normal Atlantic hurricane season is likely this year, while the eastern and central Pacific regions have a high chance of above-normal activity, the US National Oceanic and Atmospheric Administration says…
Digital advances fuel captive insurance boom: Marsh
03 June 2019
About 22% of Marsh-managed captives with $US18.7 billion in combined premium wrote third-party business last year, the global broker says…
UK car theft claims hit seven-year high
03 June 2019
Insurance claims for theft of or from vehicles have climbed to their highest levels since 2012, the Association of British Insurers says…
Swiss Re places cat bond in Singapore
03 June 2019
Swiss Re Capital Markets has closed a $US100 million catastrophe bond in Singapore, which is striving to grab a share of the lucrative insurance-linked securities market…
Swiss Re labels 5G an emerging risk
27 May 2019
Fifth-generation cellular broadband technology is one of five emerging risks Swiss Re identifies as having a “high potential impact” on the general and life insurance industry…
US terror backstop must be renewed: Marsh
27 May 2019
Marsh has called for a “robust reauthorisation” of the US Terrorism Risk Insurance Program Reauthorisation Act, which is due to expire at the end of next year…
As ‘hopefuls’ and ‘hype’ grow, insurtech investment surges
27 May 2019
Insurtech investment was up in the first three months of the year compared with the preceding quarter, according to Willis Towers Watson…
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…
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…