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…
International
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…
UK insurers ‘exploit loyal customers’
03 September 2018
Research by consumer champion Which? shows thousands of UK residents pay “excessive” home insurance premiums as a “punishment for loyalty”…
Lloyd’s commercial chief Vandendael to leave
03 September 2018
Lloyd’s Chief Commercial Officer Vincent Vandendael is leaving after six years in the role, to take a senior position with Everest Insurance next year…
Myanmar opens doors to foreign insurers
03 September 2018
Myanmar’s Insurance Business Regulatory Board will allow foreign general and life insurance companies to operate in the country from next month…
Insurers ‘must disrupt themselves’
03 September 2018
The insurance industry is at a crossroads as fintechs gain traction through customer-centric products, a Deloitte report says…
Climate change to take heavy toll on California
03 September 2018
Wildfire insurance prices are expected to rise 18% by 2055 and the number of insured properties is tipped to drop as climate change worsens fire conditions in California…
No fear from regulatory push: S&P
03 September 2018
Ratings agencies are unlikely to downgrade insurers despite the growing worldwide push for more industry regulation, S&P Global says…
UK comparison sites ‘riddled with errors’
27 August 2018
An investigation of insurance comparison websites by consumer champion Which? has revealed “staggering” numbers of errors and inconsistencies…
British fraudsters strike ‘every minute’
27 August 2018
An insurance fraud is detected in the UK every minute, according to research by the Association of British Insurers…
Insurers count cost of Italy bridge collapse
27 August 2018
The Genoa highway bridge disaster in Italy may cost insurers up to €600 million in losses, according to JP Morgan analysts…
Think tank warns of ‘boundless impacts’ in cyber
27 August 2018
Insurers have been warned they are wading into unchartered waters as the cyber market continues to grow…