International
Inflation, claims costs keep up pressure on rates
22 July 2024
Inflation and rising claims cost pressure will continue to drive up property and casualty premium rates globally, Swiss Re says in a new report...
Half-year cat losses lowest since 2020
22 July 2024
Aon’s global catastrophe report for the first half puts insured losses at $US58 billion ($86.86 billion), the lowest total in four years...
German flood bill tipped to pass $2.5 billion
22 July 2024
Zurich-based catastrophe data specialist Perils has delivered an initial insured loss estimate of €1.56 billion ($2.54 billion) for last month’s floods in southern Germany...
Australia among world hotspots for DDoS attacks
22 July 2024
Australia receives 5% of the world’s denial-of-service attacks, putting it ahead of Japan, Mexico, Singapore, Israel, France and Spain, cyber expert Imperva says...
Metaverse GWP to hit $US20 billion by 2030
15 July 2024
The rise of the metaverse will generate an insurance market worth more than $US20 billion in gross written premium by 2030, according to Aon...
Hurricane forecast worsens amid ‘hyperactive season’
15 July 2024
US hurricane researchers have slightly increased their storm activity forecast after previously warning of an above-average Atlantic season...
Cyber report warns on ‘devastating’ business email breaches
15 July 2024
Losses from malicious fraudulent emails that target human vulnerabilities rather than technical weaknesses are an often-overlooked threat, Guy Carpenter says...
Lloyd’s names diversity drive coalition members
15 July 2024
Eight companies will make up the Lloyd’s Inclusive Futures Coalition, which will promote opportunities for black and ethnically diverse graduates, and manage higher education bursaries and early-career and board talent pools...
Texas braces for impact as Beryl regains hurricane speeds
08 July 2024
Tropical Storm Beryl is expected to regain hurricane strength and generate a dangerous storm surge, flash flooding and strong wind as it crosses the Texas coastline...
SMEs acting ‘like it’s 1975’ as cyber threat grows
08 July 2024
Business assets are now almost exclusively intangible yet “most organisations continue to protect themselves the same way they did in 1975”, Coalition founder and CEO Josh Motta says...
US premiums accelerate in Q2
08 July 2024
US commercial and personal lines rates increased at a faster pace in the second quarter, according to MarketScout’s price tracker...
Personal lines drag US property and casualty to another loss
08 July 2024
US property and casualty underwriting losses topped $US20 billion for a second straight year as personal lines struggled, AM Best says.
Zurich buys AIG’s travel operations for $1 billion
01 July 2024
Zurich will acquire AIG’s global personal travel insurance and assistance business in a deal worth more than $US600 million ($1.04 billion)...
Mid-year reinsurance renewals point to ‘ongoing stability’
01 July 2024
Insurers have generally achieved positive mid-year reinsurance renewals in a more competitive marketplace, Aon says...
Hurricane Beryl sets record for early season strength
01 July 2024
Hurricane Beryl has reached category four strength at a record early date as it heads for the Caribbean Windward Islands...
AM Best rates global cyber insurance ‘stable’
01 July 2024
AM Best has assigned a stable outlook to the global cyber insurance segment, saying greater demand promises favorable intermediate-term growth...
Young professionals urged to take lead on 'chaotic' global challenges
01 July 2024
Marsh McLennan has held its two-day Rising Professionals’ Global Forum in London, presenting several speakers to an audience of more than 800 young industry workers...
Marsh’s North American clients suffer cyber extortion surge
24 June 2024
Cyber extortion demands and payments are on the rise, according to an analysis of more than 1800 cyber claims to Marsh in the US and Canada last year...
American lightning strike losses rise
24 June 2024
US insurers paid more than $US1.2 billion ($1.8 billion) for lightning-related damage to homes last year, according to the Insurance Information Institute...
Allianz Commercial names global cyber head
24 June 2024
Allianz Commercial global head of financial lines Vanessa Maxwell has taken on an additional role as global head of cyber, effective immediately...