Super-typhoon Mangkhut batters Asia
17 September 2018
Parts of Asia face a massive rebuilding effort after the year’s most powerful tropical storm swept through the region on Saturday, leaving a trail of destruction in its wake…
International
Reinsurer consolidation continuing: Fitch
17 September 2018
Consolidation of the global reinsurance industry will continue as intense competition and high levels of capital drive mergers and acquisitions, says Fitch…
Axa seals XL takeover
17 September 2018
French insurer Axa has completed its US$15.3 billion acquisition of Bermuda-based XL Group…
Global fund buys majority stake in Sedgwick
17 September 2018
Sedgwick, the US-based company that took over major loss adjuster Cunningham Lindsey in December, will now be controlled by private equity fund Carlyle Group under a $US6.7 billion deal announced last week…
Huge protection gap offers growth prospect
17 September 2018
Addressing the large “protection gap” – more commonly referred to as non-insurance – could net insurers about $US800 billion in potential premium revenue, Swiss Re says…
Emerging risks offer PPE opportunities, Aon says
17 September 2018
Terrorism pools are providing an example for how private-public enterprises could boost cover for emerging risks and intangible assets, Aon says…
Fears of trade wars drive demand for credit covers
17 September 2018
Demand for trade credit and political risk covers are on the rise, fuelled by fears the ongoing US-China trade spat will worsen with repercussions for the global economy, a leading industry researcher says…
Revenue up, profits down as Charles Taylor expands
17 September 2018
Specialist loss adjuster Charles Taylor’s total revenue increased at a faster rate than its profits in the six months to June as the company expanded to service new customers…
Neal takes up a new challenge
10 September 2018
Former QBE group CEO John Neal’s appointment as CEO of Lloyd’s continues a recurring theme in his insurance career – transforming large but cumbersome organisations…
Tough times persist for reinsurers
10 September 2018
Reinsurers will struggle to make headway at the next rate renewal season and beyond, according to reports issued ahead of the annual Reinsurance Rendezvous in Monte Carlo…
Hollard units sell stake to Tokio Marine
10 September 2018
Tokio Marine Group will acquire a 22.5% stake in Hollard South Africa and Hollard International, which covers operations across Africa, Indonesia and China…
Industry trapped in earnings gap: Swiss Re
10 September 2018
Insurers in major Western economies and Japan face an uphill battle to raise profitability as weak market conditions persist, Swiss Re warns…
Modellers flag $6 billion Japanese typhoon bill
10 September 2018
Insurers face up to $US4.5 billion in losses from the strongest typhoon to hit Japan in 25 years, catastrophe modeller AIR Worldwide says…
India counts cost of deadly floods
10 September 2018
India’s worst flooding in decades has left economic losses of at least $US4.25 billion, according to Impact Forecasting’s monthly catastrophe recap…
Still a flood: alternative capital sets record
10 September 2018
The reinsurance industry held a record $US98 billion in alternative capital at June 30, driven by investor appetite for catastrophe bonds, Aon Securities says…
Public backs UK personal injury reform
10 September 2018
About nine in 10 people think legal costs under the UK personal injury compensation scheme are too high, according to a survey commissioned by the Association of British Insurers…
Lloyd’s Lab unveils top tech talent
10 September 2018
Innovation accelerator Lloyd’s Lab has announced the results of a global search for technology talent that attracted more than 200 applications from 36 countries…
Broker, modeller search for hidden cyber risks
10 September 2018
Catastrophe modeller AIR Worldwide and global reinsurance broker Capsicum Re are working together to counter the impact of “silent cyber incidents” on non-cyber related lines of insurance…
Aon offers capital management advice
10 September 2018
Aon has set up a business unit offering advice on capital efficiency in the present operating climate, where returns are low and margins under pressure…
Claim Central takes platform to Africa
10 September 2018
Claim Central Consolidated has rolled out its digital claims and supplier management technology solution in South Africa…