Hawaii volcano destroys homes as lava poses new threats
14 May 2018
Hawaii’s Kilauea volcano has destroyed homes and triggered evacuation orders for two housing estates, as lava flows and toxic fumes erupt from fissures…
International
Competition grows as insurers target US cyber market
14 May 2018
The fast-growing US cyber-cover market is increasingly competitive as insurers seek profitable expansion…
US storms cost insurers $2 billion
14 May 2018
Severe storms in the US last month left a $US2.3 billion damage bill, including about $US1.5 billion in insurance claims…
XL Catlin backs ocean risk modelling project
14 May 2018
XL Catlin is supporting a US think tank’s work to produce a predictive mapping model that identifies the developing coastal communities most vulnerable to climate change…
Lower losses lift Munich Re Q1 profit
14 May 2018
Munich Re has increased first-quarter net profit to €827 million from €557 million…
Asia-Pacific lifts Zurich P&C business
14 May 2018
Zurich’s property and casualty arm reported a 5% rise in first-quarter gross written premium, with strong Asia-Pacific business offsetting declines in North America…
Reinsurance market picking up: Hannover Re
14 May 2018
Conditions in the property and casualty reinsurance market are improving, Hannover Re says…
Talanx off to ‘good start’ as GWP rises
14 May 2018
Talanx’s gross written premium grew 8.3% to €10.6 billion in the first quarter, with Storm Friederike the major loss event for the period…
Willis Towers Watson makes gains
14 May 2018
Willis Towers Watson’s first-quarter net income increased 27% to $US447 million…
Rate rises drive Beazley earnings
14 May 2018
Global specialist insurer Beazley has reported a 10% rise in first-quarter gross written premium to $US631 million…
Hiscox cashes in on early rate rises
14 May 2018
Hiscox’s gross written premium jumped 24.3% to $US1.16 billion in the first quarter as the specialty insurer took advantage of a hardening market…
Fitch ‘negative’ on reinsurance as rates refuse to budge
07 May 2018
Reinsurers are struggling to push through significant rate rises because investors in alternative capital are accepting lower prices, Fitch Ratings says…
Smaller insurers under the pump in China: AM Best
07 May 2018
Conditions in the Chinese market heavily favour the country’s five biggest general insurers, which share more than 70% of the business, AM Best says…
Allianz ditches coal
07 May 2018
Allianz has stopped insuring single coal-fired power plants and coal mines in operation or planning, as part of a more stringent commitment to curb global warning…
Globalisation heightens business’ catastrophe risks
07 May 2018
Risk experts say offshore production, tighter global supply chains and rising natural catastrophe costs are leaving more businesses in danger of underinsurance…
Swiss Re lifts GWP in ‘challenging’ environment
07 May 2018
Swiss Re’s gross written premium increased 13.1% to $US11.5 billion in the first quarter, with growth across all segments…
Aon hails strong start to year
07 May 2018
Aon’s commercial risk solutions and reinsurance businesses helped drive higher revenue and earnings in the first quarter…
XL Catlin upbeat despite sluggish profits
07 May 2018
XL Catlin has reported a slight dip in first-quarter net income, but is confident results in coming quarters will benefit from price rises…
PNG quake loss hits AIG first-quarter earnings
07 May 2018
Adjusted pre-tax income from AIG’s general insurance arm fell 52% to $US510 million in the first quarter following losses from the Papua New Guinea earthquake and other natural catastrophes…
JLT targets further growth as market turns
07 May 2018
JLT has reported a good start to the year, with trading conditions leaving it well placed to grow…