AIR unveils new model for cyber risk
29 October 2018
Catastrophe modeller AIR Worldwide will launch its probabilistic cyber-risk model on Wednesday…
International
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…
Stop supporting fossil fuel firms: US consumer leader
15 October 2018
US insurers should follow their European peers and stop underwriting and investing in coal and other fossil fuel projects, the country’s leading consumer advocate says…
Allianz arm expands alternative risk role
15 October 2018
Allianz Global Corporate & Specialty is expanding its alternative risk transfer business to the Asia-Pacific region, and has appointed Richard Green to run the Singapore-based unit…
Gallagher makes Forbes best employers list
15 October 2018
Global broker Gallagher is among the world’s best employers, according to Forbes…
World needs ‘rapid, far-reaching’ climate measures
08 October 2018
At current rates global temperatures will have risen by an average 1.5 degrees between 2030 and 2055, the United Nations Intergovernmental Panel on Climate Change warns…
Insurers risk losing ground to tech giants
08 October 2018
Technology giants such as Google parent company Alphabet are ramping up efforts to provide a wide range of financial services, affecting incumbent players including insurers, Moody’s Investors Service says in a new report…