Gallagher starts year with ‘excellent momentum’
04 February 2019
Global broker Gallagher is upbeat after reporting a strong set of financial results for last year…
International
Environmental risks head world threat report
04 February 2019
Environmental threats continue to dominate the World Economic Forum’s Global Risk Report, while geopolitical concerns are also intensifying…
Weather perils dominate cat losses
04 February 2019
Cyclones, typhoons and other weather events accounted for 96% of the $US225 billion in natural disaster losses last year, according to Aon’s annual review…
Reinsurance capacity softens catastrophe impact
04 February 2019
Global catastrophe losses in the second half of last year had a muted impact on property reinsurance renewal rates thanks to plentiful capacity, according to Guy Carpenter…
January renewals point to more pain for reinsurers
04 February 2019
Reinsurers will intensify efforts to find new growth strategies as they brace for yet another difficult year after a disappointing January renewal season, S&P Global Ratings says…
ILS market evolving as it grows: Willis Re
04 February 2019
The insurance-linked securities market grew 5% to $US93 billion outstanding non-life capital last year, Willis Re says…
Insurers at risk of comparators ‘dependency’
10 December 2018
The Geneva Association has warned the growth of comparators and online platforms such as Google and Amazon has implications for insurers and consumers…
California fire losses may hit $18 billion
10 December 2018
Claims arising from last month’s California wildfires could reach $US13 billion, according to various industry calculations…
Liberty, Chubb count cost of California fires
10 December 2018
Chubb and Liberty Mutual have flagged expected catastrophe losses from the recent wildfires in California…
AM Best upgrades as reinsurance rates settle
10 December 2018
The non-life reinsurance pricing environment has stabilised, but rates are still below long-term adequacy levels, AM Best warns…
Lloyd’s Lab seeks insurtech contenders
10 December 2018
Innovation hub Lloyd’s Lab has started searching for insurtech entrepreneurs and start-ups…
RIMS warns on intellectual property risk
10 December 2018
Developing an insurance program is one way of protecting intellectual property assets, according to a Risk and Insurance Management Society white paper…
Windstorm season losses double the average
10 December 2018
Global insured losses from this year’s hurricane and typhoon season are estimated at about $US25 billion, about one-third of last year’s but still twice the average, Munich Re says…
Financial markets pose risk to Japanese: Fitch
10 December 2018
Japanese insurers’ international search for better investment returns to offset sluggish growth at home may pose the biggest risks to their businesses, Fitch Ratings warns…
Cyber growth slow to kick in: Deloitte
03 December 2018
Predictions that cyber coverage could be the biggest growth opportunity for insurers are not coming to fruition, despite the enormous cost of digital crime, according to Deloitte…
Asbestos losses mount in US
03 December 2018
Asbestos contamination will cause an estimated $US46 billion of “net ultimate environmental losses” for the US property and casualty industry, AM Best says…
Japanese insurers profit despite cat losses
03 December 2018
Japan’s three biggest property and casualty insurance groups are on course for a profitable year despite record natural catastrophe losses, Moody’s says…
Cat loss estimates reveal 60% protection gap: AIR
03 December 2018
Global catastrophe loss estimates for a one-in-100-year scenario have highlighted the insurance protection gap, AIR Worldwide says in its annual risk report…
Insurers urge Congress to renew flood scheme
03 December 2018
US insurers have joined other business groups in pushing Congress to extend the National Flood Insurance Program, which was due to expire last Friday…
Cat models ‘must evolve to track climate change’
03 December 2018
The insurance industry must strengthen its catastrophe risk modelling to anticipate climate change scenarios, according to the Geneva Association…