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International

Industry can handle Florence losses: S&P

17 September 2018

US insurers and the global reinsurance sector are strong enough financially to manage the losses from Hurricane Florence, S&P Global Ratings says…

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Super-typhoon Mangkhut batters Asia

17 September 2018

Parts of Asia face a massive rebuilding effort after the year’s most powerful tropical storm swept through the region on Saturday, leaving a trail of destruction in its wake…

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Reinsurer consolidation continuing: Fitch

17 September 2018

Consolidation of the global reinsurance industry will continue as intense competition and high levels of capital drive mergers and acquisitions, says Fitch…

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Axa seals XL takeover

17 September 2018

French insurer Axa has completed its US$15.3 billion acquisition of Bermuda-based XL Group…

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Global fund buys majority stake in Sedgwick

17 September 2018

Sedgwick, the US-based company that took over major loss adjuster Cunningham Lindsey in December, will now be controlled by private equity fund Carlyle Group under a $US6.7 billion deal announced last week…

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Huge protection gap offers growth prospect

17 September 2018

Addressing the large “protection gap” – more commonly referred to as non-insurance – could net insurers about $US800 billion in potential premium revenue, Swiss Re says…

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Emerging risks offer PPE opportunities, Aon says

17 September 2018

Terrorism pools are providing an example for how private-public enterprises could boost cover for emerging risks and intangible assets, Aon says…

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Fears of trade wars drive demand for credit covers

17 September 2018

Demand for trade credit and political risk covers are on the rise, fuelled by fears the ongoing US-China trade spat will worsen with repercussions for the global economy, a leading industry researcher says…

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Revenue up, profits down as Charles Taylor expands

17 September 2018

Specialist loss adjuster Charles Taylor’s total revenue increased at a faster rate than its profits in the six months to June as the company expanded to service new customers…

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