Lloyd’s welcomes change easing regulatory burden for agents
30 September 2024
Lloyd’s has welcomed changes that will ease the regulatory burden for the market’s managing agents...
International
Global marine cargo premiums rise to $32 billion
30 September 2024
Global cargo premiums increased 6.2% last year to $US22.1 billion, the International Union of Marine Insurance says...
Lloyd’s backs funding for projects in developing nations
30 September 2024
Lloyd’s has partnered with the World Bank Group’s Multilateral Investment Guarantee Agency to aid sustainable growth in developing countries...
US results bounce back after $35 billion half-year loss
23 September 2024
The US property and casualty sector recorded a $US3.8 billion ($5.6 billion) net underwriting gain in its latest six-month results, rebounding from a $US24 billion loss ($35.5 billion) a year earlier as personal lines improved, AM Best says...
Lloyd’s names ex-Treasury, McKinsey figure as next chair
23 September 2024
Lloyd’s has named Charles Roxburgh as its next chairman, effective from May...
HDI creates energy risk ‘one-stop shop’
23 September 2024
HDI Global has established an energy unit after client feedback indicated more support is needed in dealing with rapid transformation...
Axa XL names reinsurance capital head
23 September 2024
Axa XL has appointed Chris Caponigro as head of reinsurance capital management...
Resolution Life recruits ‘exceptional’ Swiss Re exec
23 September 2024
Former Swiss Re executive Moses Ojeisekhoba has been named Resolution Life president, effective next month...
Hurricane Francine leaves ‘manageable’ $2 billion losses
16 September 2024
CoreLogic estimates Hurricane Francine caused up to $US1.5 billion ($2.24 billion) of insured losses after making landfall in Louisiana last week as a category 2 storm...
‘Volatile’ landscape drives reinsurance demand, Swiss Re says
16 September 2024
Elevated natural catastrophe risks, macroeconomic instability and a politically charged environment are adding to demand for reinsurance solutions, according to Swiss Re...
Ardonagh recruits former Allianz exec to head Asia push
16 September 2024
Ardonagh has appointed former Allianz Global Corporate & Specialty regional executive Mark Mitchell to head the expansion of its business in Asia...
Insurers can withstand rise in disaster claims: S&P
16 September 2024
Underwriting actions will mitigate the impact of a surge in natural catastrophes on property and casualty insurer earnings, S&P says...
Lloyd’s ‘well positioned’ after strong half
09 September 2024
Lloyd’s CEO John Neal says many business lines are still experiencing positive trends following the business’ “superb” first half...
Reinsurance market ‘both promising and challenging’
09 September 2024
Munich Re says the reinsurance sector has achieved a “sensible balance” in an environment characterised by high demand...
‘Favourable conditions’ keep reinsurers on a roll
09 September 2024
Reinsurers will continue to perform well on the back of supportive prices, favourable policy terms and higher investment yields, according to a Moody’s Ratings report...
Reinsurers still ‘dictating terms’ amid capacity boost
09 September 2024
Reinsurers have maintained strict underwriting criteria despite improved appetite for catastrophe risks, according to an AM Best report...
‘Caution abounds’ as M&A slumps to 15-year low
09 September 2024
Insurance mergers and acquisitions slowed in the first six months of the year, according to an update from law firm Clyde & Co...
Moody’s buys disaster modeller Praedicat
09 September 2024
Moody’s has acquired casualty insurance analytics group Praedicat to strengthen its modelling capabilities and provide new resources for customers...
Civil unrest, forever chemicals require industry ‘rethink’
09 September 2024
The insurance industry is likely to turn to parametric products to address rises in strikes, riots and political violence, Howden Re says...
Zurich flood alliance expands resilience mission
09 September 2024
Zurich says its Flood Resilience Alliance will become the Climate Resilience Alliance as it widens its focus to encompass more impacts of global heating and advocacy for adaptation...