JLT boost for Marsh in third quarter results
04 November 2019
Marsh & McLennan has posted a rise in third quarter net income to $US303 million from $US276 million a year earlier...
International
WTW posts 70% income rise in Q3
04 November 2019
Global broker Willis Towers Watson lifted its third-quarter net income by 70% to $US75 million as each of its four core business segments demonstrated healthy growth in revenue...
ISO Disaster recovery standards updated
04 November 2019
The International Organisation for Standardisation has updated its international standard for implementing and maintaining a business continuity plan in the face of cyber attacks, natural disasters or supply chain issues...
Insurance-linked securities flatline
04 November 2019
No new insurance-linked securities were issued in the third quarter of the year, Willis Re figures show...
Australian underwriting profitability outperforms in 2018
28 October 2019
Global Property and Casualty business again produced an underwriting profit in 2018 with a combined ratio of 98.9%, up from 98.8% a year earlier, according to Aon’s Insurance Risk Study...
Japan typhoon losses could reach $23 billion: Air Worldwide
28 October 2019
Insured losses in Japan from Typhoon Hagibis could reach $US8-16 billion, catastrophe modeller Air Worldwide estimates...
Worsening California wildfires force thousands to flee
28 October 2019
Nearly 200,000 Californian residents have been evacuated as the ongoing wildfires continue to tear through the state, burning thousands of hectares of land and destroying hundreds of structures including homes...
Industry 4.0 throws down challenges for insurers
28 October 2019
Insurers who have lagged in adopting technology in the past have the opportunity to step up by embracing the fourth industrial revolution, Lloyd’s Director of Performance Management Jon Hancock says...
Recent cats will raise upcoming renewals: AM Best
28 October 2019
Rates are expected to again rise at the January and April renewal seasons, according to AM Best...
China leads in global insurtech deals
28 October 2019
Insurtech deal activity is on track to outpace last year, driven by a growing health insurance industry in China, where 13% of global insurtech deals originated in the third quarter...
AIG plans new Lloyd's syndicate for wealthy US clients
28 October 2019
AIG is seeking approval for a new syndicate at Lloyd’s to serve the specialist US high net worth market, writing up to $US1 billion in gross written premiums...
Aon targets $US115 billion US regional insurer segment
28 October 2019
Aon has created a new business unit to better leverage the US regional insurer market, which writes more than $US115 billion in direct gross written premium a year...
Allianz, Axa make Interbrand’s list of top global brands
28 October 2019
Allianz and Axa have achieved top 50 placements in Interbrand’s latest global brand rankings, appearing alongside such lofty peers as Apple, Amazon and Google...
Japanese insurers riding out typhoons
21 October 2019
Typhoons Hagibis and Faxai, which lashed Japan this month and last respectively, are not expected to have a material impact on the capitalisation of the country’s three major insurers, according to AM Best...
PPI tops UK complaints list ahead of compensation deadline
21 October 2019
Payment protection insurance made up almost half of all complaints for regulated firms in the UK in the first half as consumers scrambled to meet a deadline for compensation...
Axis Capital quits coal, oil sands
21 October 2019
Specialty lines insurer Axis Capital will stop underwriting and investing in businesses involved with the coal and oil sands-related industries in January...
UK must avoid becoming EU "rule-taker" after Brexit: ABI
21 October 2019
Once it achieves a Brexit deal the UK will need to build a constructive future relationship with the European Union that gives it adequate decision-making power, The Association of British Insurers says...
Insurance costs to escalate again for Gulf region vessels
21 October 2019
Damage sustained by an Iranian oil tanker in October will drive insurers to further raise War Risk insurance rates for vessels operating in the Gulf region, adding to a tenfold increase since attacks on tankers in May, according to UK legal firm DWF...
Terror backstop loss would ripple across US economy: Marsh chief
21 October 2019
Failure to replace the US government backstop on terrorism insurance would adversely affect workers’ compensation policies and potentially ripple across the US economy, says John Doyle, President and CEO at Marsh...
Insurers brace for losses after Hagibis hits Japan
14 October 2019
Typhoon Hagibis brought torrential rainfall and flooding to Japan at the weekend, killing more than 30 people, washing away roads and flooding thousands of homes and businesses...