Insurers’ investment income under pressure
08 May 2017
Investment income for property and casualty insurers worldwide will remain under pressure even as the likelihood of “prolonged” low interest rates diminishes, Moody’s Investors Service says…
International
Cat bond market off to strong start: Aon
08 May 2017
The catastrophe bond market made a robust start to the year, with issuance totalling $US2.17 billion in the first quarter, Aon’s latest insurance-linked securities update says…
Berkshire insurance arm racks up Q1 losses
08 May 2017
Berkshire Hathaway’s insurance business sank into the red during the first quarter, driven down partly by estimated losses of $US52 million from Cyclone Debbie and incurred losses of $US270 million related to prior years’ loss events…
Debbie tears into Swiss Re profit
08 May 2017
Swiss Re has reported first-quarter net income of almost $US656 million, down from $US1.23 billion in the corresponding period last year…
Efficiency drive pushes AIG back into black
08 May 2017
AIG returned to profitability in the first quarter with a net income of $US1.19 billion, partly aided by a drive to cut expenses and raise efficiency…
Liberty puts specialty lines under Ironshore brand
08 May 2017
Liberty Mutual Insurance will combine its specialty lines business in the US with newly acquired specialist global insurer Ironshore, to create the nation’s sixth-largest underwriter of excess and surplus lines…
‘Unwavering focus’ pays off for Willis Towers Watson
08 May 2017
Willis Towers Watson’s first-quarter profit leapt 43.7% to $US352 million as it continued to consolidate following the merger in January last year of broker Willis and professional services company Towers Watson…
Wind and hail dent Liberty earnings
08 May 2017
Wind and hail losses more than offset improved investment results for Liberty Mutual in the first quarter, driving net profit down 11% to $US351 million…
Mapfre profit rises on Spain, Brazil premium gains
08 May 2017
Spain and Brazil delivered strong premium growth for Madrid-based insurer Mapfre in the first quarter, helping net profit rise 7.5% to €206.2 million…
ILS market ‘firing on all cylinders’
01 May 2017
The global insurance-linked securities market has sustained its strong momentum from last year, recording $US1.7 billion of bond capacity via five deals in the first quarter, according to Willis Towers Watson Securities…
UK broker cuts 900 jobs as clients go online
01 May 2017
UK broker Swinton Insurance is cutting 900 staff after putting 84 branches and a call centre under review…
Companies blind to risks of new technology: RIMS
01 May 2017
Risk managers often overlook the potential impact of disruptive technologies, a report by Marsh and the Risk and Insurance Management Society says…
Businesses display ‘serious disconnect’ in risk management
01 May 2017
Companies continue to spend more on property, plant and equipment insurance than on cover for cyber assets, despite their belief the latter are more valuable, according to the Aon-sponsored Global Cyber Risk Transfer Comparison Report…
Loss confusion ‘hampers business interruption claims’
01 May 2017
Difficulty quantifying losses tops the list of challenges risk managers face with business interruption claims, according to a Risk and Insurance Management Society survey…
Asia-Pacific revenues drive Marsh profit
01 May 2017
Marsh & McLennan’s first-quarter net profit grew 18% to $US569 million as strong Asia-Pacific revenues lifted the business…
XL Catlin profits soar two years after consolidation
01 May 2017
XL Catlin’s first-quarter net income totalled $US152.8 million, compared with $US21.9 million in the corresponding period last year…
WR Berkley makes gains in ‘competitive climate’
01 May 2017
WR Berkley has celebrated its golden anniversary with improved first-quarter profit figures…
Chubb cashes in as merger brings efficiencies
01 May 2017
Chubb more than doubled its first-quarter net income to $US1.09 billion due to improved operational efficiencies and higher business retentions following its acquisition by and merger with Zurich-based Ace…
Populist trend fuels political risk fears
01 May 2017
Brexit and US President Donald Trump’s protectionist trade stance have pushed political risk back into the top 10 concerns for companies worldwide, according to Aon’s Global Risk Management Survey…
AIR Worldwide launches cyber model
01 May 2017
Catastrophe modeller AIR Worldwide has released a comprehensive cyber-risk modelling application for insurance and reinsurance markets…