UK flood funds crucial in adapting to climate change: ABI
23 June 2025
The UK government’s pledge to spend £7.9 billion ($16.46 billion) on flood defences over a decade has been welcomed by the Association of British Insurers...
International
Glacier collapse toll tops $600 million
23 June 2025
Damage from a landslide that wiped out the town of Blatten in Switzerland is estimated at 320 million Swiss francs ($604 million), an industry group says...
Buyers’ market persists for cyber cover
23 June 2025
Cyber insurance costs fell 7% in the first quarter and broader coverage with increased limits is now available in most markets for organisations with robust security...
European firms absorbing risk, Allianz Trade says
23 June 2025
Global working capital requirements have reached the highest level since 2008, with a growing divergence between North American and European strategies, an Allianz trade credit insurance report shows...
‘Longer, hotter heatwaves’ pose wide-ranging threat
16 June 2025
The insurance industry faces a growing threat from extreme heat that increases the risk of electrical outages, wildfires and damage to infrastructure, potentially driving up property and specialty claims, according to Swiss Re...
Court backs cover for Russia-stranded planes
16 June 2025
Aircraft lessors have won a court battle over war risks cover after planes worth more than $US4 billion ($6.1 billion) were stranded in Russia following the invasion of Ukraine...
QBE joins regional rollout for building resilience project
16 June 2025
The International Finance Corporation and QBE have struck a deal to extend a building resilience program in Asia and the Pacific region...
Probe into State Farm response on LA wildfires
16 June 2025
California has launched an inquiry into insurer State Farm’s handling of claims after the Palisades and Eaton wildfires in January...
‘A rare privilege’: Neal bids farewell to Lloyd’s
02 June 2025
John Neal has commended the “collaboration, commitment and camaraderie” of his London market colleagues, thanking “everyone who trusted this lowly motor underwriter to lead Lloyd’s for almost seven years”...
‘Underwriting rigour’ marks mid-year renewals
02 June 2025
Property catastrophe reinsurance prices at the June 1 renewals continued to moderate, according to a Howden Re update...
Tariffs, conflicts key threats to maritime industry
02 June 2025
Geopolitical conflicts, the US-China tariff war and shadow fleets are among the key dangers facing the global maritime industry, according to an annual Allianz Commercial report...
UK pet payouts reach record total
02 June 2025
Pet insurance payouts by members of the Association of British Insurers rose 4% to a record £1.23 billion ($2.36 billion) last year as vet fees increased sharply...
US tornado, hail costs to ‘reach into billions’
26 May 2025
Tornados and hail in the Ohio River Valley and Midwest this month may rank among the costliest severe weather events in US history, with total economic and insured losses likely to be billions of dollars, Aon says...
Howden flags opportunity for political risk underwriters
26 May 2025
Demand for political risk insurance has surged by one-third amid trade disruption and geopolitical and macroeconomic uncertainty, Howden says...
Marsh eyes booming data centre market
26 May 2025
Marsh has launched a risk management and insurance broking service for data centre operators...
HDI earnings rise despite large loss blowout
26 May 2025
HDI Global says it has made a promising start to the year, with first-quarter earnings up...
Next Lloyd’s boss threatens ‘blunt instruments’ in bid for discipline
19 May 2025
Lloyd’s chief of markets Patrick Tiernan has called for discipline as market conditions become more challenging and amid increasing examples of “egregious” trading behaviour...
Industry warned over cost of Trump tariff volatility
19 May 2025
Actuarial group Finity has urged Australian insurers to recognise long-term supply chain impacts and market challenges stemming from the changing global trade environment...
California fires dent Munich Re result
19 May 2025
Munich Re has posted a lower first-quarter property and casualty profit after major losses exceeded expectations...
British watchdog to ‘strip back’ rulebook
19 May 2025
The UK regulator has released plans to cut outdated or duplicated requirements from its insurance rulebook, in changes aimed at lowering costs while maintaining protections...