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International

BI claim costs surge as recovery times blow out

12 October 2026

The average value of business interruption claims has risen more than 30% annually over the past two years, and impacts from company closures often dwarf physical damage costs, an Allianz Commercial analysis shows...

John Neal takes new role

05 October 2026

John Neal has been appointed chairman at startup LUSYi, which lets road users know what is ahead of them, reducing risk...

Escalating motor litigation fuelling US costs

05 October 2026

Motor vehicle lawsuits in the US have risen sharply over the past decade, contributing to auto liability costs affecting premiums, the Insurance Information Institute says...

Marine premium rises as market ‘remains soft’

28 September 2026

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

28 September 2026

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...

Industry told ‘robust' AI governance is vital

28 September 2026

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

28 September 2026

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

21 September 2026

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

21 September 2026

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

21 September 2026

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...