Lloyd’s wins approval for EU hub in Belgium
28 May 2018
Lloyd’s European Union subsidiary in Brussels will start operations next January as planned, after it secured regulatory approval from the National Bank of Belgium…
International
M&A trend here to stay: AM Best
28 May 2018
The industry can expect more mergers and acquisitions in coming months as insurers look to overcome limited organic growth opportunities, AM Best says…
UK companies unprepared for new data laws
28 May 2018
New research shows less than 30% of UK businesses feel ready for new data protection regulations…
Marine blockchain tool launches
28 May 2018
A marine blockchain platform developed by EY, technology company Guardtime and industry participants has been adopted for commercial hull insurance after a successful trial…
Munich Re paints rosy picture on premium growth
21 May 2018
Global insurance premium will grow by more than €460 billion over the next 18 months, Munich Re says…
Commercial rates rise again after long losing streak
21 May 2018
Marsh says commercial rates grew in the March quarter, lifted by gains in property, financial and professional lines…
BIBA attacks ‘world’s most burdensome’ regulatory regime
21 May 2018
British brokers have warned the burden of Financial Conduct Authority regulatory reviews is hindering productivity and innovation…
Insurers unprepared for climate change risks
21 May 2018
New research shows most insurance companies have not integrated climate change into their risk management practices, nor adjusted premium trends to the increasing frequency and severity of natural catastrophes…
Axa secures financing for XL deal
21 May 2018
Axa has lined up funds for its €12.4 billion acquisition of XL Group after completing the initial public offering of US subsidiary Axa Equitable Holdings…
XL Catlin targets autonomous tech growth
21 May 2018
XL Catlin has established a Global Autonomy Centre of Excellence for the development of insurance products designed for emerging technologies…
Britain considers flammable cladding ban
21 May 2018
The UK Government has begun consultation on banning combustible cladding on high-rise residential buildings…
Better times ahead for US commercial lines: Fitch
21 May 2018
US property and casualty insurers should enjoy better performance in the commercial sector this year after a rough 2017, Fitch says in a new report…
Cyber take-up to rise as SMEs get on board
21 May 2018
AM Best predicts demand for cyber insurance will increase as more businesses accept the threat is here to stay…
UK industry acts on issue of ‘loyalty penalties’
14 May 2018
British insurers and brokers have released a set of “guiding principles and action points” to tackle pricing practices that penalise loyal customers in personal lines cover…
Lloyd’s gives NRA the bullet
14 May 2018
Lloyd’s Corporation has terminated its involvement with all programs offered, marketed or endorsed by the US National Rifle Association…
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…
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…