Ethiopian plane crash payouts may top $140 million
25 March 2019
Claims arising from the Ethiopian Airlines Boeing 737 MAX 8 plane crash earlier this month could exceed $US100 million, according to Aon…
International
Talanx loss burden tops budget despite drop
25 March 2019
German insurer Talanx’s large losses declined 25% last year to €1.2 billion, but they still exceeded its anticipated budget of €1.1 billion…
Lloyd’s sets Dive In dates
25 March 2019
Lloyd’s will hold its annual diversity and inclusion festival from September 24-26…
Brexit extension ‘must not be wasted’
18 March 2019
The UK Parliament’s decision to seek a Brexit extension presents an opportunity that “must not be wasted” to reach a deal, the Association of British Insurers says…
Rare ‘bomb’ storm blasts US Midwest
18 March 2019
The “bomb cyclone” that hit the US Midwest last week is the northern winter’s biggest insurance event, the Insurance Information Institute says…
New terror threats put more UK businesses in firing line
18 March 2019
Evolving terrorist methods are exposing more businesses to economic loss, according to UK reinsurer Pool Re…
Insurers monitor Boeing crash probe
18 March 2019
Insurers could face large claims related to the Ethiopian Airlines crash this month, which reportedly bears a striking resemblance to another deadly accident involving the same aircraft model…
Insurtech recovery helps Charles Taylor profit
18 March 2019
Professional services provider Charles Taylor recorded a $25 million profit last year, up $4.7 million on 2017…
Broker hits revenue milestone
18 March 2019
Specialist (re)insurance broker BMS recorded revenue growth of 25% last year, helping it break the £100 million barrier for the first time…
Brexit vote: insurers warn against ‘no deal’
11 March 2019
A “no deal” Brexit would be an “unforgivable act of economic and social self-harm”, says the Association of British Insurers…
Aon steps away from Willis Towers Watson bid
11 March 2019
Aon has dropped any near-term plans to make an offer for rival Willis Towers Watson, while leaving the door open for a future move…
Swiss Re flags surge in emerging markets
11 March 2019
Emerging market insurance premium will more than double over the next decade, according to a Swiss Re Sigma report…
Storms take heavy toll on Americas
11 March 2019
Severe winter weather in central and eastern US caused hundreds of millions of dollars in damage last month, according to Impact Forecasting’s latest global catastrophe report…
Insurtech investments soar
11 March 2019
Some 63 insurtech deals were announced in the fourth quarter of last year, totalling $US1.59 billion ($2.26 billion), according to Willis Towers Watson…
Lower losses drive US profit rise
11 March 2019
US property and casualty insurers achieved a 22% rise in aggregate net income to $US18.5 billion ($26.3 billion) last year, Moody’s Investors Service says…
Brexit, US-China spat threaten global economy: Marsh
04 March 2019
Businesses face an unprecedented “breadth of challenges” to their interests, broker Marsh warns in its annual Political Risk Map report…
Takeover costs dent JLT’s last result
04 March 2019
JLT’s profit fell last year amid costs related to the takeover by Marsh & McLennan, while the group’s trading result was lifted by its speciality division…
Storms, fires keep US insurers in deficit
04 March 2019
US property and casualty insurers are expected to record a $US12.1 billion underwriting loss for last year, AM Best says…
Hiscox triples profit amid pricing gains
04 March 2019
Specialty insurer Hiscox has posted strong results for last year and hopes to maintain the momentum as pricing conditions improve…
Guy Carpenter, Pool Re create UK terror bond
04 March 2019
Guy Carpenter Securities has issued the first terrorism catastrophe bond on behalf of British state-owned terrorism reinsurer Pool Re…