Regulator probes UK home, motor pricing
05 November 2018
The UK Financial Conduct Authority will more thoroughly examine home and motor insurance pricing practices after a preliminary review…
International
Liberty cops $9 million fine over phone cover
05 November 2018
Liberty Mutual Insurance Europe has been fined £5.28 million for failures related to mobile phone cover offered through a third party…
Red Cross calls for risk mitigation investment
05 November 2018
Risk mitigation is crucial to managing disasters, especially those induced by climate change, the Red Cross says…
Swiss Re rebounds despite ‘devastating’ catastrophes
05 November 2018
Swiss Re has reported a $US1.1 billion nine-month profit, recovering from a $US468 million loss despite hurricanes, typhoons, a US wildfire and the Genoa bridge collapse…
Japanese cat losses take toll on AIG
05 November 2018
AIG made a third-quarter loss of $US1.3 billion as catastrophes in Japan and North America dented earnings…
WTW comes back from Q3 loss
05 November 2018
Willis Towers Watson’s net income rebounded from a $US35 million loss in the third quarter of last year to $US85 million in this year’s third quarter…
Storms flatten WR Berkley earnings
05 November 2018
WR Berkley’s net income was flat at $US162 million in the third quarter as claims from Hurricane Florence and other catastrophe losses affected earnings…
Liberty cashes in as disasters ease
05 November 2018
Liberty Mutual has reported a $US282 million third-quarter profit, up from a loss of $US665 million in the corresponding period last year thanks to fewer natural catastrophes…
Fairfax profit down as investments suffer
05 November 2018
Canadian insurance-focused investor Fairfax Financial Holdings has reported a drop in third-quarter net income to $US106.2 million from $US476.9 million…
Arch flags Q4 hit from Florida hurricane
05 November 2018
Bermuda-based Arch Capital swung back to profitability in the third quarter, but warns this quarter will be “negatively impacted” by Hurricane Michael-related claims…
Aspen loss narrows before Apollo takeover
05 November 2018
Bermuda-based Aspen Insurance Holdings, soon to be acquired by investment group Apollo Global Management, posted a loss of $US15.1 million in the third quarter…
Stand by for M&A ‘plot twists’ in reinsurance
29 October 2018
Reinsurers are likely to seek acquisition opportunities as changing market dynamics put pressure on returns, industry leaders have heard…
AIG wins nod for Brexit restructure
29 October 2018
The High Court of England and Wales has approved AIG’s Brexit restructure, clearing the way for a shake-up of European operations…
Munich Re flags cyber expansion
29 October 2018
Munich Re plans to expand its cyber-risk product line-up in response to growing demand as business awareness of the digital threat grows…
Rising claims, falling premiums hamper UK insurers
29 October 2018
British general insurers are under pressure in a competitive market, according to an AM Best analysis…
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…
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…