US storms lead first-quarter cat losses
06 May 2024
Global insured catastrophe losses totalled $US17 billion ($25.69 billion) in the first quarter, slightly above the century average, according to Aon...
International
Sedgwick spreads wings in aviation market
06 May 2024
Loss adjuster Sedgwick has introduced new solutions for aviation claims management...
Arch appoints claims chief
06 May 2024
Arch Insurance International has named Barbara Rizzi as its new Chief Claims Officer...
Marsh McLennan ‘well placed’ after first-quarter growth
29 April 2024
Marsh McLennan says it is seeing momentum across its business after revenue increased 9% to $US6.5 billion ($9.9 billion) in the first quarter...
WTW confident of hitting $15 billion sales target
29 April 2024
WTW’s first-quarter revenue rose 4% and the global broker says it is on track for sales of $US9.9 billion ($15.18 billion) or more this year...
Chubb hails strong start as Q1 earnings jump
29 April 2024
Chubb has recorded net income of $US2.14 billion ($3.27 billion) for the first quarter, up 13.3% from a year earlier...
Marsh unveils parametric, captives business
29 April 2024
Marsh has launched a practice called Global Alternative Risk Solutions, offering expertise in parametric cover, alternative risk transfer, captives and complex risk...
CFC sets up renewable energy M&A team
29 April 2024
Cyber specialist CFC has created a team focused on underwriting representations and warranties insurance in the renewable energy market...
Insurers urged to ‘rewrite underwriting rule book’ for new era
22 April 2024
More than 80% of industry executives believe predictive models are critical to underwriting’s future but less than a third say their business has advanced capabilities in this area, according to a Capgemini report...
Industry well placed for UAE flood claim surge, AM Best says
22 April 2024
Severe flash flooding in the United Arab Emirates is likely to prompt a surge of claims, though low penetration and extensive reinsurance cover should mean insurers’ costs are “manageable”, AM Best says...
London market tipped to continue strong run
22 April 2024
Strong underwriting discipline and rate adequacy will drive the London market’s performance, with added support expected from better investment yields, AM Best says...
Covid years muddy the waters for actuaries, AM Best says
22 April 2024
The covid pandemic has distorted historical patterns used by actuaries as a heightened risk landscape increases challenges for reserve management, AM Best says...
Taiwan quake’s distance from tech park to curb claims
15 April 2024
Losses from the Taiwan earthquake earlier this month are not expected to exceed those from the 2016 Meinong quake, which was centred closer to a key location for technology companies, AM Best says...
Lloyd’s names new commercial, Americas head
15 April 2024
Lloyd’s has appointed Dawn Miller as Chief Commercial Officer and CEO of Lloyd’s Americas, based in New York...
Inflation impact ‘very evident’ in catastrophe sums insured
15 April 2024
About $US111 trillion ($171 trillion) of property assets are insured for natural perils exposure worldwide, according to an industry database...
Risk officers flag conduct as leading concern
15 April 2024
A survey of insurance chief risk officers has revealed conduct risks are the top challenge for the Asia-Pacific region, with cybersecurity and adaptations to changing business models also raised as key threats...
BHSI names new multinational business chief
15 April 2024
Berkshire Hathaway Specialty Insurance has promoted Boston-based Amy Bowman to Head of Multinational...
Experts warn of busy Atlantic hurricane season
08 April 2024
Researchers have made their strongest April forecast ahead of a “very active” Atlantic hurricane season, with more than 11 significant storms expected...
April renewals continue improved trend for reinsurance buyers
08 April 2024
Property catastrophe renewals for April have echoed trends seen in the US at the start of the year, with pricing flat to slightly reducing in Japan, while South Korea, China and India also had increased competition, Aon says...
Aon financial chief to retire, CEO wins contract extension
08 April 2024
Aon CFO and EVP Christa Davies will retire next year after more than 16 years with the global broker and risk management services provider...