Trading environment remains challenging: JLT
14 November 2016
JLT says its risk and insurance business has delivered a resilient performance since the start of July, despite pricing pressures and headwinds caused by economic uncertainty…
International
CEO steps down as Dual changes leadership structure
14 November 2016
Dual CEO and Chief Underwriting Officer Talbir Bains will step down at the end of January, Hyperion Insurance Group has announced…
Hurricane Matthew costs US insurers $6.5 billion
14 November 2016
Preliminary estimates put the US insurance bill for Hurricane Matthew at $US5 billion ($6.52 billion), according to Impact Forecasting’s catastrophe report for last month…
Hannover Re ‘on track’ after Q3 profit gains
14 November 2016
Hannover Re has reported net profit of €303 million for the three months to September 30, up 19.6% on the corresponding period last year, driven by strong results in reinsurance and solid investment income…
Beazley hails specialty performance
14 November 2016
Beazley increased gross written premium by 2% in the nine months to September 30 compared with the corresponding period last year…
Lloyd’s ‘can’t wait’ after UK court stalls Brexit
07 November 2016
Lloyd’s is pushing to have continued trading rights in Europe after the UK leaves the European Union, but “slight fragmentation” in the financial sector means there are many uncertainties…
Brexit adds to gloom on investments
07 November 2016
Insurers are struggling with investment strategies, with more than half citing weak economic growth and low interest rates among their chief concerns, according to a survey by investment group BlackRock…
Reinsurers’ good run in Asia-Pacific to continue
07 November 2016
Catastrophe reinsurers are expected to return a healthy profit in Asia-Pacific for the fourth year in a row, barring a major event before January, Guy Carpenter says…
‘Leaner’ AIG returns to profit
07 November 2016
AIG recorded net income of $US462 million in the third quarter, overturning a $US231 million loss in the corresponding period last year…
Swiss Re profit falls in ‘difficult environment’
07 November 2016
Swiss Re has reported third-quarter net income of $US1.18 billion, down from $US1.4 billion in the corresponding period last year…
Facebook blocks car insurer’s risk-profiling tool
07 November 2016
Facebook has stopped UK car insurer Admiral from using people’s profiles to ascertain how safe they might be as drivers…
Integration expenses dent Willis Towers Watson performance
07 November 2016
Integration and restructuring costs left Willis Towers Watson with a third-quarter net loss of $US32 million…
Berkshire’s underwriting income slumps
07 November 2016
Berkshire Hathaway has reported a third-quarter net operating profit of $US272 million, down 34.3% as weaker earnings hit two of its insurance arms…
CROs become ‘key enablers’ in corporate decisions
07 November 2016
Chief risk officers are playing an increasingly influential and important role, according to Ernst & Young’s annual insurance CRO survey…
IUMI opens Asia hub
07 November 2016
The International Union of Marine Insurance has opened an Asia hub in Hong Kong, marking the organisation’s first base outside Europe in its 142-year history…
WR Berkley profit rises
07 November 2016
WR Berkley has reported net profit of $US221 million for the three months to September 30, up from $US153 million in the corresponding period last year…
Allied back in black as investments pay off
07 November 2016
Swiss (re)insurer Allied World has recorded a $US68.6 million net profit for the third quarter, compared with a net loss of $US51.6 million in the corresponding period last year…
Broker-insurer ‘stand-off’ keeps US commercial rates low
07 November 2016
US commercial insurance rate movements held steady at minus 1% in September as insurers and brokers lock horns, according to analyst MarketScout…
Casserley to leave Willis Towers Watson
31 October 2016
Willis Towers Watson President and Deputy CEO Dominic Casserley will leave the group at the end of December, a year after helping to orchestrate the merger of the two companies…
AM Best flags Asia growth opportunity
31 October 2016
Asia’s expanding economies offer increasing insurance opportunities, AM Best says…