insuranceNEWS.com.au - International

Positive outlooks drive up Munich Re, Swiss Re targets

Mon, 16 Dec 2024 03:17:33 GMT

Global reinsurers Munich Re and Swiss Re have set stronger profit targets for next year amid an outlook for supportive market conditions...

Cat bonds ‘crucial’ as cyber threat spirals

Mon, 16 Dec 2024 03:17:16 GMT

Alternative risk transfer solutions such as catastrophe bonds are key to bridging the growing cyber protection gap, the Geneva Association says...

Anti-vaxxers, lockdown fatigue tipped to exacerbate next outbreak

Mon, 16 Dec 2024 03:14:13 GMT

The impacts of the next pandemic may be made worse by covid trends such as anti-vax sentiment, according to a paper from Lloyd’s and the Cambridge Centre for Risk Studies...

Reinsurance facility aims to bolster Ukraine investment

Mon, 16 Dec 2024 02:18:01 GMT

Aon and the European Bank for Reconstruction and Development have outlined a new €110 million ($180.5 million) facility to provide reinsurance capacity for war-related risks in Ukraine...

Storms, floods extend run of $US100 billion-plus nat cat losses

Mon, 09 Dec 2024 03:33:42 GMT

US hurricanes and European floods have driven global insured losses from natural catastrophes above $US100 billion ($156.42 billion) for the fifth year in a row, Swiss Re says...

Zurich closes $930 million AIG travel deal

Mon, 09 Dec 2024 03:33:31 GMT

Zurich has completed its $US600 million ($932.28 million) acquisition of AIG’s global personal travel business, which will operate under the Cover-More brand...

Personal lines drive US earnings turnaround

Mon, 09 Dec 2024 03:33:17 GMT

US property and casualty insurers made a combined net underwriting profit of $US4.1 billion ($6.4 billion) in the first nine months of this year, AM Best says...

Insurers resilient in uncertain times: IAIS

Mon, 09 Dec 2024 03:32:51 GMT

General insurers’ profitability is expected to remain stable or improve next year supported by investment returns and as businesses pursue growth and leverage technology, according to an International Association of Insurance Supervisors report...

Allianz outlines next year’s top D&O exposures

Mon, 09 Dec 2024 03:32:36 GMT

Executives face exposure from insolvencies, geopolitical upheaval, artificial intelligence and legal changes next year, according to the Allianz Commercial directors’ and officers’ report...

AI shapes as key cyber battleground: S&P

Mon, 02 Dec 2024 03:47:22 GMT

Artificial intelligence will be a “key focus” for the cyber insurance industry as attackers and defenders aim to deploy it...

Abundant capacity grounds aerospace rates

Mon, 02 Dec 2024 02:40:58 GMT

Aerospace insurance rates are expected to remain stable amid ample capacity, according to a WTW sector update...

‘Hyperactive’ hurricane season draws to a close

Mon, 02 Dec 2024 02:03:12 GMT

The Atlantic hurricane season has been labelled “hyperactive” after a lull in activity in August and September...

US consumers, industry players rank risks

Mon, 02 Dec 2024 00:27:50 GMT

Cyber, climate and business interruption risks are the three main areas of concern for US industry stakeholders, according to a survey by Munich Re and the Insurance Information Institute...

Industry profits rising but Trump trade policy poses danger

Mon, 25 Nov 2024 03:29:11 GMT

General insurance profitability is improving as the hard market plateaus, according to Swiss Re...

UK insurers flag climate threat as payout record broken

Mon, 25 Nov 2024 03:23:54 GMT

British insurers paid more than £1.3 billion ($2.5 billion) in property claims over the third quarter, up about £200 million ($384.71 million) on a year earlier, industry figures show...

US insurance mogul admits $3 billion fraud

Mon, 25 Nov 2024 03:23:45 GMT

A billionaire businessman has admitted conspiracies involving misuse of $US2 billion ($3.1 billion) of company funds to defraud US insurance regulators and thousands of policyholders...

HDI nine-month revenue passes $12 billion

Mon, 25 Nov 2024 03:23:29 GMT

HDI Global’s combined operating ratio hit 90.5% in the first nine months of the year, improving from 92.7% a year earlier...

Wildfire triggers Californian cover mandate

Mon, 18 Nov 2024 02:57:51 GMT

California has acted to ensure continuing insurance protections for more than 200,000 policyholders in the Mountain Fire area in the state’s south...

‘New mindset needed’: study shows flood protection benefits

Mon, 18 Nov 2024 02:57:40 GMT

Investing in flood defences such as dams and dykes pays off in the long term, Swiss Re says in a new report...

Swiss Re hails ‘favourable position’

Mon, 18 Nov 2024 00:42:03 GMT

Swiss Re has reported net income of $US2.2 billion ($3.52 billion) for the first nine months of the year...