Aon reports revenue growth
29 October 2018
Organic growth and client retention across Aon’s global operations resulted in a revenue increase of $US126 million in the third quarter…
International
Chubb profit soars on ‘underwriting excellence’
29 October 2018
Chubb has reported third-quarter net income of $US1.23 billion, compared with a net loss of $US70 million in the corresponding period last year…
Aon restructures to drive innovation
29 October 2018
Professional services giant Aon has established a “new ventures group”, to be overseen by Tony Goland, who has been appointed Chief Innovation Officer…
Guy Carpenter records strong Q3
29 October 2018
Marsh & McLennan’s risk and insurance services division, which includes Guy Carpenter, achieved a 6% rise in third-quarter revenue to $US1.87 billion…
AM Best warns on ESG rush
29 October 2018
Insurers have been warned that investing in untested technology to prove their commitment to environmental, social and governance criteria may damage their portfolios’ credit quality…
AIR unveils new model for cyber risk
29 October 2018
Catastrophe modeller AIR Worldwide will launch its probabilistic cyber-risk model on Wednesday…
Neal takes up innovation baton at Lloyd’s
22 October 2018
Lloyd’s new CEO John Neal will place a priority on modernising the market, continuing an innovation focus led by predecessor Inga Beale…
FCA points to Hayne inquiry as trust problems persist
22 October 2018
A leading UK regulator says the Hayne royal commission provides the latest example of misconduct issues that continue to undermine trust in the sector worldwide…
UK regulators consult on climate risk
22 October 2018
The UK’s Prudential Regulation Authority has issued a consultation paper on ways insurers and banks should manage financial risk arising from climate change…
Ireland shapes as top post-Brexit destination
22 October 2018
Ireland is the favoured country for insurers seeking new office locations after the UK’s Brexit decision…
Axa secures approval for Ireland move
22 October 2018
Axa XL has received in-principle authorisation from Ireland’s central bank to move its European insurance company there from the UK…
Claims chiefs reveal reputation concern
22 October 2018
Brand reputation, automation and straight-through processing are the top priorities for insurance claims leaders, a survey commissioned by the Lloyd’s Market Association reveals…
Cat claims take toll on AIG, Swiss Re
22 October 2018
Losses are mounting for (re)insurance giants Swiss Re and AIG, as natural disasters affect third-quarter results…
Ex-CEO tapped to chair Munich Re
22 October 2018
Former Munich Re CEO Nikolaus von Bomhard has been recommended for election as chairman of the reinsurer’s supervisory board…
Florida hurricane payouts may hit $11 billion
15 October 2018
Catastrophe modeller Karen Clark & Company estimates private insured losses from Hurricane Michael, which hit the Florida coast last week, could approach $US8 billion…
Florence dominates costly cat month
15 October 2018
Insured losses from Tropical Cyclone Florence in the US are expected to reach billions of dollars due to low flood insurance penetration, according to Impact Forecasting’s latest monthly global catastrophe report…
Lloyd’s to shift EU business to Brussels
15 October 2018
Lloyd’s will transfer all European Union insurance business to Brussels before the end of 2020…
Tech-obsessed CEOs miss dangers of staff misconduct
15 October 2018
CEOs and boards in the US are more concerned about disruptive technology threats than exerting control over employee misconduct and company ethics, a Deloitte risk management survey shows…
Chubb reveals catastrophe impact
15 October 2018
Chubb has forecast a $US372 million ($521.95 million) net catastrophe loss for the current quarter…
UK insurers warn against ‘inexcusable’ tax jump
15 October 2018
The Association of British Insurers has urged the Government not to increase the insurance premium tax any further as it tries to balance its budget…