06 November 2017
Legacy-free insurance markets can take up innovative technology more quickly than developed markets, potentially altering the balance of power between the two, according to the latest insurtech briefing from Willis Towers Watson…
06 November 2017
Swiss Re made a $US468 million net loss for the nine months to September 30 as catastrophe losses from Cyclone Debbie and hurricanes in the US and Caribbean hit profitability…
06 November 2017
AIG has reported a third-quarter net loss of $US1.7 billion, mainly dragged down by hurricanes in the US and Caribbean…
06 November 2017
Willis Towers Watson CEO John Haley is “very pleased” with third-quarter results that include rises in revenue and commission and fees, despite a net loss of $US54 million…
06 November 2017
Berkshire Hathaway’s insurance underwriting arm has reported a third-quarter $US1.44 billion net operating loss, after sustaining $US835 million of losses from hurricanes in the US and Caribbean, plus earthquakes in Mexico…
06 November 2017
Hurricanes Harvey, Irma and Maria left Liberty Mutual with a third-quarter loss of $US665 million, compared with a profit of $US445 million in the corresponding period last year…
06 November 2017
Bermuda-based (re)insurer Arch Capital incurred a net loss of $US52.8 million in the third quarter, down from net income of $US247.4 million in the corresponding period last year…
06 November 2017
Aspen Insurance Holdings fell to a $US253.8 million loss in the third quarter, compared with a $US95.6 million profit in the corresponding period last year, after hurricanes and other disasters hit performance…
30 October 2017
Insurers must move fast and take the initiative in transforming the industry, Munich Re CEO Joachim Wenning says…
30 October 2017
Almost $US900 million has been paid in claims for hurricanes Harvey, Irma and Maria, Lloyd’s says in an update…
30 October 2017
Munich Re has joined the growing hurricane casualty list, projecting a third-quarter net loss of €1.4 billion and discarding its full-year €2-€2.4 billion profit estimate…
30 October 2017
Catastrophe losses from hurricanes, Mexican earthquakes and Californian wildfires may leave Lloyd’s exposed to a ratings downgrade, Fitch says…
30 October 2017
California wildfires that destroyed about 8900 structures and killed 42 people will cost insurers $US2-3 billion, according to catastrophe modeller AIR Worldwide…
30 October 2017
The insurance industry should analyse near misses and learn from them, as it does from actual events, according to a new report from Lloyd’s and catastrophe modeller RMS…
30 October 2017
Aon has reported a fall in third-quarter net income to $US185 million from $US319 million, as expenses increased at double the pace of revenue…
30 October 2017
XL Group recorded a net loss of $US1.04 billion in the quarter to September 30 as its catastrophe bill blew out due to hurricanes in the US and Caribbean…
30 October 2017
Chubb has recorded a $US70 million net loss for the three months to September 30, with after-tax catastrophe losses at $1.53 billion…
30 October 2017
Marsh & McLennan’s risk and insurance services division revenue grew 8% to $US1.8 billion last quarter as the Asia-Pacific region made a solid contribution…
30 October 2017
Commercial lines insurer WR Berkley has reported a decline in third-quarter net income to $US162 million, down from $US221 million in the corresponding period last year, as hurricane losses took a toll…
30 October 2017
Talanx expects to incur a net loss of €20 million for the third quarter, after taking a hit from hurricanes in the US and Caribbean…