insuranceNEWS.com.au - International

Myanmar quake causes far-reaching damage

Mon, 31 Mar 2025 03:21:08 GMT

Damage assessments are continuing after a 7.7-magnitude earthquake in Myanmar on Friday destroyed local buildings and caused a high-rise tower under construction in Bangkok to collapse...

Japanese giant merges key businesses

Mon, 31 Mar 2025 02:54:31 GMT

Japan’s MS&AD will merge its Mitsui Sumitomo and Aioi Nissay Dowa insurance businesses to create a company with the biggest share of the country’s non-life market...

LA wildfires spotlight protection gap: Howden Re

Mon, 31 Mar 2025 02:54:16 GMT

Howden Re says there is heightened pressure to address the natural catastrophe protection gap as risks and economic losses increase...

Mitsui Sumitomo to buy WR Berkley stake

Mon, 31 Mar 2025 02:53:52 GMT

US-based WR Berkley says Mitsui Sumitomo Insurance plans to acquire a 15% stake in the company...

Lloyd’s expects rate adequacy focus, further GWP gains

Mon, 24 Mar 2025 02:27:16 GMT

Rate adequacy will be a dominant theme this year but talk of “inevitable cycle turns” is simplistic, Lloyd’s chief of markets Patrick Tiernan told an annual results briefing

HDI parent beats targets as earnings jump

Mon, 24 Mar 2025 02:27:04 GMT

Talanx Group, which includes Hannover Re and HDI Global, has reported a 25% rise in full-year net income to €1.977 billion ($3.4 billion) as all divisions contributed to growth...

Markel names division CEO in company shake-up

Mon, 24 Mar 2025 02:26:47 GMT

Markel Group has appointed Simon Wilson as CEO of its specialty, international and global reinsurance businesses, amid broader efforts to sharpen its customer focus...

Directors on alert over data, cyber threats

Mon, 24 Mar 2025 02:26:31 GMT

A survey of directors and officers has identified data loss, regulatory breaches and cyberattacks as the top risks facing the insurance and finance sectors...

Trade tension, war among top political risks: Marsh

Mon, 17 Mar 2025 03:17:01 GMT

Marsh has flagged growing concern over short-term supply chain failings as global trade faces threats of disruption and protectionism...

North Sea ship collision losses could reach $474 million

Mon, 17 Mar 2025 03:16:45 GMT

Total insured losses from a collision between a cargo ship and a fuel tanker in the North Sea could reach $US100-$US300 million ($158-$474 million), according to Morningstar DBRS...

M&A deal numbers slump to 16-year low

Mon, 17 Mar 2025 03:16:30 GMT

Insurance merger and acquisition deals fell to a 16-year low last year, with just 204 transactions compared with 346 in 2023, according to Clyde & Co...

Canopius confident amid ‘challenging’ environment

Mon, 17 Mar 2025 03:16:14 GMT

Canopius’ profit after tax increased 10% to $US401.3 million ($634.1 million) last year, driven by strong premium growth...

Zurich rebrands cross-border business

Mon, 17 Mar 2025 03:15:42 GMT

Zurich has renamed its international programs business as it marks 50 years of insuring commercial customers operating across borders...

D&O price cuts tipped to ease after falling ‘too far, too quick’

Mon, 10 Mar 2025 02:13:35 GMT

A slide in directors’ and officers’ renewal prices dating back two years is likely to moderate as insurers face headwinds, AM Best says...

Lloyd’s paper highlights solar storm risk scenarios

Mon, 10 Mar 2025 02:13:19 GMT

A major solar storm could inflict massive global economic losses by damaging critical infrastructure such as energy grids and satellite networks, and disrupting financial systems, according to Lloyd’s...

Crawford & Company sets revenue record

Mon, 10 Mar 2025 02:12:53 GMT

Revenue at Crawford & Company rose 2% to a record $1.29 billion ($1.62 billion) last year...

Trump tariffs weigh on insurer ratings: AM Best

Mon, 10 Mar 2025 02:12:40 GMT

US tariffs on leading trade partners are expected to create more uncertainty for insurers, increase insured losses and weigh on ratings, according to AM Best...

Liberty sells Thai, Vietnamese businesses

Mon, 03 Mar 2025 04:07:02 GMT

Liberty Mutual Insurance is selling operations in Thailand and Vietnam to Chubb as it focuses on other markets in the Asia-Pacific region...

Swiss Re ‘on right track’ as revenue grows

Mon, 03 Mar 2025 03:24:10 GMT

Swiss Re’s revenue climbed to $US45.6 billion ($73.4 billion) last year from $US43.9 billion ($70.6 billion) in 2023...

Allianz breaks annual profit record

Mon, 03 Mar 2025 03:23:53 GMT

Allianz’s operating profit jumped 9% last year to a record €16 billion ($26.8 billion)...