Internet of Things ‘needs new kind of risk assessment’
26 November 2018
Traditional risk assessments will change radically with the growth of the Internet of Things, Lloyd’s says…
International
JLT chief to head merged specialty business
19 November 2018
JLT Group CEO Dominic Burke will chair the new Marsh-JLT Specialty business, to be launched after a merger of the two broking giants…
Insurers on the move as Brexit deadline looms
19 November 2018
Most British insurers likely to be affected by Brexit have moved or started moving their European business to the Continent, ratings agency AM Best says…
Lloyd’s opens Brussels branch
19 November 2018
Lloyd’s new Brussels office is open for business, staffed by 50 people…
Death toll rising as California faces record bushfires losses
19 November 2018
The number of people killed by devastating California wildfires has risen to 79, with more than 1000 still missing…
Vehicle cover drives US personal lines growth
19 November 2018
Steady growth is forecast for personal lines insurance in the US, driven by strong premium gains in motor insurance…
Talanx makes gains despite industrial slide
19 November 2018
HDI Global parent Talanx has reported a 9.9% rise in net income to €488 million for the nine months to September 30…
JLT shareholders back Marsh takeover
12 November 2018
JLT shareholders in London have voted overwhelmingly in favour of Marsh & McLennan’s takeover of the business…
‘Rapidly mutating’ terror risk demands action
12 November 2018
The insurance industry has been called on to respond to a protection gap around lone-wolf assaults, cyber attacks and other emerging terrorism tactics…
Michael leaves an $11 billion insurance bill behind
12 November 2018
Hurricane Michael is estimated to have caused at least $US15 billion of economic damage in the US, with insurance payouts to exceed $US8 billion…
ILS issuance sets another record
12 November 2018
A record-breaking $US1.6 billion of insurance-linked securities (ILS) were issued in the third quarter…
Zurich holds steady amid North America shake-up
12 November 2018
Gross written premium in Zurich’s property and casualty division grew slightly to $US25.87 billion in the first three quarters, from $US25.35 billion in the corresponding period last year…
Allianz profit jumps on moderate disaster losses
12 November 2018
Allianz net profit grew 23.6% to €1.9 billion in the third quarter due to a benign period for natural catastrophes and strong performance in the asset management business…
Munich Re stays on target
12 November 2018
Munich Re’s third-quarter profit rebounded to €483 million following a loss of €1.44 billion a year earlier, keeping the company on course to meet its full-year target despite recent natural catastrophes…
Hannover Re ‘well on track’ for year
12 November 2018
Hannover Re has reported net income of €725 million for the nine months to September 30, up 32% on the corresponding period last year…
Strong exchange revenue lifts Ebix profit
12 November 2018
The Australian operations of insurance technology specialist Ebix has been singled-out for further growth…
Commercial lines underpin Axa result
12 November 2018
Axa, which completed its acquisition of Bermuda-based XL Group in September, says property and casualty revenue grew 1% to €25.4 billion in the first nine months of the year…
Hiscox flags premium growth slowdown
12 November 2018
Bermuda-based Hiscox says growth may ease this quarter after its gross written premium increased 14.3% to $US3.04 billion in the first nine months…
US market drives Beazley GWP
12 November 2018
An 18% surge in the US market and a jump in property rates grew Beazley’s gross written premium grow 11% to $US1.96 billion in the year to September…
Crawford upbeat despite earnings slip
12 November 2018
Crawford & Company has posted a decline in third-quarter net income to $US7.9 million from $US11.8 million, pushed down by lower earnings…