Beazley hails rate momentum after profit slump
11 February 2019
Beazley’s pre-tax profit fell by more than half to £76.4 million last year, squeezed by storm and wildfire claims and a decline in investment returns…
International
Disasters push Aspen to another loss
11 February 2019
Californian wildfires, Hurricane Michael and Typhoon Jebi hit Bermuda-based Aspen’s final annual result before its acquisition by Apollo Global Management…
UK regulator seeks feedback on customer value reporting
04 February 2019
The UK’s Financial Conduct Authority is consulting on proposed rules to address poor-value general insurance products…
Global ransomware attack could cost insurers $37 billion
04 February 2019
Insured losses from a global ransomware attack could reach $US27.3 billion, a Lloyd’s-backed scenario analysis shows…
Accounting standard hits Aon results
04 February 2019
Aon has reported a drop in earnings for last year, blaming an “unfavourable impact” from the adoption of a new revenue recognition standard…
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…
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…