Munich Re repeats climate warning as insured losses mount
05 August 2024
Global natural catastrophe insured losses totalled $US62 billion ($95.44 billion) in the first half, with floods and thunderstorms key contributors, according to Munich Re...
International
Swiss Re appoints ‘seasoned leader’ as CFO successor
05 August 2024
Anders Malmstrom will become Swiss Re’s group CFO next April, replacing the retiring John Dacey...
Fires tear through Canada, California
29 July 2024
More than 350 structures are believed to have been destroyed as wildfire ripped through the tourist town of Jasper in Alberta, Canada, last week...
CrowdStrike shows cyber is ‘dynamic market’: AM Best
29 July 2024
The CrowdStrike outage is a warning to industry to stay on top of emerging cyber risks, ratings agency AM Best says...
Gallagher upbeat after ‘excellent second quarter’
29 July 2024
Gallagher says its business is in “great shape” after a rise in second-quarter earnings...
WTW raises guidance after strong Q2
29 July 2024
WTW has lifted its full-year operating margin and earnings targets after revenue rose 5% to $US2.27 billion ($3.47 billion) in the second quarter...
Inflation, claims costs keep up pressure on rates
22 July 2024
Inflation and rising claims cost pressure will continue to drive up property and casualty premium rates globally, Swiss Re says in a new report...
Half-year cat losses lowest since 2020
22 July 2024
Aon’s global catastrophe report for the first half puts insured losses at $US58 billion ($86.86 billion), the lowest total in four years...
German flood bill tipped to pass $2.5 billion
22 July 2024
Zurich-based catastrophe data specialist Perils has delivered an initial insured loss estimate of €1.56 billion ($2.54 billion) for last month’s floods in southern Germany...
Australia among world hotspots for DDoS attacks
22 July 2024
Australia receives 5% of the world’s denial-of-service attacks, putting it ahead of Japan, Mexico, Singapore, Israel, France and Spain, cyber expert Imperva says...
Metaverse GWP to hit $US20 billion by 2030
15 July 2024
The rise of the metaverse will generate an insurance market worth more than $US20 billion in gross written premium by 2030, according to Aon...
Hurricane forecast worsens amid ‘hyperactive season’
15 July 2024
US hurricane researchers have slightly increased their storm activity forecast after previously warning of an above-average Atlantic season...
Cyber report warns on ‘devastating’ business email breaches
15 July 2024
Losses from malicious fraudulent emails that target human vulnerabilities rather than technical weaknesses are an often-overlooked threat, Guy Carpenter says...
Lloyd’s names diversity drive coalition members
15 July 2024
Eight companies will make up the Lloyd’s Inclusive Futures Coalition, which will promote opportunities for black and ethnically diverse graduates, and manage higher education bursaries and early-career and board talent pools...
Texas braces for impact as Beryl regains hurricane speeds
08 July 2024
Tropical Storm Beryl is expected to regain hurricane strength and generate a dangerous storm surge, flash flooding and strong wind as it crosses the Texas coastline...
SMEs acting ‘like it’s 1975’ as cyber threat grows
08 July 2024
Business assets are now almost exclusively intangible yet “most organisations continue to protect themselves the same way they did in 1975”, Coalition founder and CEO Josh Motta says...
US premiums accelerate in Q2
08 July 2024
US commercial and personal lines rates increased at a faster pace in the second quarter, according to MarketScout’s price tracker...
Personal lines drag US property and casualty to another loss
08 July 2024
US property and casualty underwriting losses topped $US20 billion for a second straight year as personal lines struggled, AM Best says.
Zurich buys AIG’s travel operations for $1 billion
01 July 2024
Zurich will acquire AIG’s global personal travel insurance and assistance business in a deal worth more than $US600 million ($1.04 billion)...
Mid-year reinsurance renewals point to ‘ongoing stability’
01 July 2024
Insurers have generally achieved positive mid-year reinsurance renewals in a more competitive marketplace, Aon says...