insuranceNEWS.com.au - International

Marine premium rises as market ‘remains soft’

Mon, 28 Sep 2026 04:03:21 GMT

Global marine insurance premium income increased 5.5% last year to $US42.6 billion but more capacity is increasing competition, according to the industry’s latest market analysis...

Insurify says no to Muse

Mon, 28 Sep 2026 04:03:14 GMT

US insurance comparator Insurify has prohibited Meta’s recently launched artificial intelligence agent from its shopping portals, saying it wants to protect consumers from quotes that lack “critical" contextual details like coverage limits and deductibles...

Systemic risk landscape changing, warns Swiss Re

Mon, 28 Sep 2026 04:03:00 GMT

A Swiss Re report says conditions for a new generation of systemic crises are taking shape as risks becoming more interconnected across industries...

Industry told ‘robust' AI governance is vital

Mon, 28 Sep 2026 01:49:00 GMT

S&P Global Ratings says “robust governance” and other risk control measures are vital as insurers expand use of artificial intelligence to drive business performance...

Axa XL report gives tips on managing AI risk

Mon, 28 Sep 2026 01:44:36 GMT

Axa XL and S-RM have called on businesses to treat artificial intelligence risks as an enterprise resilience issue, warning that AI adoption is outpacing governance, security and incident-response capabilities...

Buffett steps back at 96

Mon, 21 Sep 2026 04:34:19 GMT

Warren Buffett has stepped down as chair of Berkshire Hathaway as part of a previously announced leadership succession plan at the conglomerate, which has a substantial insurance business...

AIG announces GI chief's retirement

Mon, 21 Sep 2026 04:34:12 GMT

Global insurer AIG has announced Jon Hancock, executive vice president and CEO general insurance, will retire at the end of the year after a distinguished 40-year career...

Zurich nears Beazley buyout finish line

Mon, 21 Sep 2026 04:34:06 GMT

Zurich says its buyout of specialist insurer Beazley has secured regulatory approvals as set out in the scheme of arrangement for the £8.2 billion cash acquisition...

Great Miami hurricane repeat could cost $280 billion

Mon, 21 Sep 2026 04:33:55 GMT

Swiss Re analysis shows a repeat of the Great Miami Hurricane could cause $US200 billion ($280 billion) in insured losses if the Category 4 storm was to hit the area today...

Axa unveils strategic ambitions

Mon, 21 Sep 2026 04:33:46 GMT

Axa has raised its financial ambitions for the next three years, targeting underlying earnings per share growth of 7-9% annually and a return on equity of 15-17%, under a strategy based on organic growth, gains in market share and accelerated use of AI...

Moody’s ‘connects the dots’ in risk report

Mon, 14 Sep 2026 04:30:00 GMT

Moody’s has published a report on 20 emerging risks that will shape the future of insurance...

Canada floods cause $360 million in losses

Mon, 14 Sep 2026 04:28:41 GMT

Storms that swept across parts of Canada’s Ontario province have caused nearly $C360 million ($362 million) in estimated insured damage, according to initial estimates...

Digital footprint 'provides cyber claim frequency signal'

Mon, 14 Sep 2026 04:20:37 GMT

Cyber risk underwriting can be further enhanced using digital footprint data, according to a Gallagher Re report...

China invests in state-owned insurers

Mon, 14 Sep 2026 04:20:26 GMT

China’s Ministry of Finance has taken a modest but significant step towards shoring up its five state-owned insurance groups, S&P Global Ratings says...

‘New normal’ as smaller perils break $US100b barrier

Mon, 07 Sep 2026 05:12:21 GMT

“Non-peak” peril insured losses exceeded $US100 billion ($138 billion) last year for the first time after a run of growth, according to Munich Re...

Cat losses climb to levels ‘once thought implausible’

Mon, 07 Sep 2026 04:40:28 GMT

Verisk estimates global insured catastrophe losses will now average $US171 billion ($237 billion) a year, up $US19 billion ($26 billion) on last year’s estimate...

AI turbocharging old cyber threats, Swiss Re warns

Mon, 07 Sep 2026 04:39:55 GMT

Artificial intelligence is amplifying cyber risks rather than creating new categories of insured loss, according to Swiss Re...

Global anti-fraud council steps up crime fight

Mon, 07 Sep 2026 04:39:45 GMT

A group of major insurers have joined a new global body escalating the fight against fraud...

Data hubs to drive surge in premium: Swiss Re

Mon, 07 Sep 2026 04:39:31 GMT

Commercial insurers are expected to secure $US200 billion ($277.52 billion) in premium over the next four years as the global economy enters a capital expenditure “super-cycle”, according to Swiss Re...

European fires point to changing risk

Mon, 07 Sep 2026 04:38:54 GMT

Europe’s summer wildfires stunned the continent, but Howden Re says they are not a market-changing loss event...