Lloyd’s chief endured ‘sexist abuse’
08 October 2018
Retiring Lloyd’s CEO Inga Beale has revealed she suffered sexist and homophobic abuse when she took the job in 2014…
International
…while Lloyd’s plans program to advance women
08 October 2018
Lloyd’s will run a six-month pilot program from January to develop female leaders in the London market and the wider industry…
Large fintechs tipped to benefit most from AI
08 October 2018
Large fintech firms are set to benefit the most from the revolution in artificial intelligence-driven business (AI), according to a report by Deloitte Global and the World Economic Forum…
Digital advances draining the pool
08 October 2018
Risk pooling of customers to reduce premiums may become irrelevant as new developments in digital technology emerge, according to the Geneva Association…
US personal lines premiums enjoy moderate rise
08 October 2018
The composite premium rate for US personal lines was up 2% in the third quarter, according to analyst MarketScout…
Insurers say innovation key to success
01 October 2018
About 56% of property and casualty insurers regard innovation as extremely or very critical to the success of their business, an AM Best global survey has found…
Indonesia quake death toll set to soar
01 October 2018
At least 800 people are confirmed dead from the magnitude-7.5 quake and ensuing tsunami that struck Indonesia’s Palu city at the weekend…
Zurich urges businesses to act on climate change response
01 October 2018
Business leaders should start drawing up contingency plans to manage climate change-related risks as efforts to stem carbon emissions stall, Zurich says in a report…
UK regulator to study insurers’ pricing behaviour
01 October 2018
The UK Financial Conduct Authority is planning a market study into how insurers charge home and motor premiums, amid growing concerns loyal clients are being unfairly penalised…
Insurers moving into ‘inclusive’ market sector
01 October 2018
More than 60 insurers are now active in the global inclusive insurance space, up from seven in 2005, according to international law group Clyde & Co…
UK to impose flammable cladding ban
01 October 2018
Flammable cladding is to be banned on all new schools, hospitals, care homes, student accommodation and residential buildings above 18 metres…
People dithering over cyber risk
01 October 2018
Individuals remain unprepared for cyber attacks despite an increasing number of incidents, warns Chubb…
Lloyd’s returns to profit after natural catastrophe hit
24 September 2018
Lloyd’s reported a profit in the six months to June 30 after sliding to a loss last calendar year when claims from major catastrophes took a heavy toll…
Florence could cost insurers $6.3 billion
24 September 2018
Insurers face up to $US4.6 billion in losses from Hurricane Florence, which struck the US east coast earlier this month…
Big claims loom after Mangkhut flays Hong Kong
24 September 2018
Hong Kong insurers are bracing for up to $US1 billion in Mangkhut-related losses, S&P Global Ratings says…
Premium growth masks tough marine landscape: IUMI
24 September 2018
Marine insurers are operating in precarious conditions despite the sector enjoying a 2% rise in premiums to $US28.5 billion last year, the International Union of Marine Insurance says…
‘Unthinkable’ marine risks are now the norm
24 September 2018
Marine underwriters have no choice but to accept that abnormally large-loss events will occur with regularity, International Union of Marine Insurance (IUMI) President Dieter Berg says…
Insurers resetting investment risk limits, says BlackRock
24 September 2018
Insurers are increasing their appetite for higher risk investments despite challenging market conditions as they seek to boost earnings, according to an annual global survey for investment giant BlockRock…
Tokio Marine’s stake in Hollard SA gets thumbs up from Moody’s
24 September 2018
The 22.5% stake that Tokio Marine has acquired in Hollard South Africa and Hollard International has been declared credit positive by ratings agency Moody’s…
Industry can handle Florence losses: S&P
17 September 2018
US insurers and the global reinsurance sector are strong enough financially to manage the losses from Hurricane Florence, S&P Global Ratings says…