29 January 2018
The reinsurance industry is sufficiently capitalised to weather the spate of disasters that saw insured losses hit $US128 billion last year, the third most costly in history, according to Aon Benfield…
29 January 2018
Global broker Gallagher says it is “well positioned” to exploit the industry upturn after a strong earnings performance last year…
29 January 2018
AIG will buy Bermuda-based Validus Holdings for $US5.56 billion, in a deal it says will enhance its insurance capabilities and immediately lift earnings…
29 January 2018
Insurers may face a bill of up to $US3 billion if a cyber incident disrupts a major cloud service provider in the US for three to six days, a report from Lloyd’s and risk modeller AIR Worldwide warns…
29 January 2018
AM Best has maintained its negative outlook for the reinsurance market, citing doubts about the level and sustainability of uplifts in the operating environment…
29 January 2018
Reinsurance capital reached $US427 billion at the end of last month, up 2% on a year earlier despite the high level of catastrophe losses in the past year, according to estimates by Guy Carpenter and AM Best…
29 January 2018
Atlantic hurricanes Harvey, Irma and Maria will affect industry-wide dynamics, according to AM Best…
29 January 2018
Global temperatures cooled slightly last year but not by much, according to the latest report from the US-based National Oceanic and Atmospheric Administration…
29 January 2018
Reinsurance pricing has not spiked significantly despite one of the worst catastrophe years on record, with losses of about $US136 billion, Willis Re says…
29 January 2018
Insured losses from Winter Storm Eleanor in Europe this month will range from €1.1-€1.6 billion, according to catastrophe modeller AIR Worldwide…
11 December 2017
Insurers are not fully exploiting the SME market’s huge potential, with customers hungry for improved online offerings, according to a PWC survey…
11 December 2017
The US broking industry’s credit fundamentals will remain solid next year, according to Fitch Ratings…
11 December 2017
Asia-Pacific reinsurance buyers face a lower likelihood of significant price rises in next year’s renewal season than their catastrophe-hit US counterparts, according to Guy Carpenter…
11 December 2017
Hyperion Insurance Group has welcomed Caisse de depot et placement du Quebec’s investment of more than $US400 million for a minority stake in the company…
11 December 2017
AM Best has revised its outlook for Zurich Group to stable from negative and affirmed its long-term issuer credit rating (ICR) at “a”, citing a “very strong” balance sheet…
11 December 2017
Future rate increases in reinsurance depend on the insurance-linked securities market’s appetite for investment, according to Fitch…
11 December 2017
Authorities in Santa Barbara County have issued an evacuation order as the wildfires in southern California continue into a second week…
11 December 2017
Insurers will allocate more resources to investing in and acquiring insurtechs next year, forced by digitalisation’s impact on the industry, according to Deloitte…
11 December 2017
AM Best has upgraded the long-term issuer credit ratings of Munich Re, Swiss Re and their affiliates to aa from aa-…
11 December 2017
Typhoon Damrey caused $US1 billion of damage in Vietnam after it made landfall last month, according to Aon Benfield subsidiary Impact Forecasting…