ILS indices beat S&P 500 returns: Aon
12 September 2016
Insurance-linked securities outperformed investment returns from the US S&P 500 Index in the year to June 30, according to an Aon Securities report…
International
US fracking quake risk too big to ignore: Swiss Re
12 September 2016
Seismic activity linked to fracking operations’ wastewater disposal has reached unprecedented levels in the US state of Oklahoma and the probability of widespread damage is now too high to ignore, Swiss Re warns in a new report…
Trov US rollout gains Munich Re backing
12 September 2016
Munich Re will provide underwriting capital and insurance licensing to San Francisco-based technology developer Trov when its insurance app goes live in the US next year…
Lloyd’s warns of offshore move post-Brexit
12 September 2016
Lloyd’s will move some business out of London if the UK fails to maintain passporting rights to the EU during Brexit negotiations, Chairman John Nelson says…
American commercial vehicle insurers raise rates
12 September 2016
US commercial auto insurance rates increased 3% last month, the largest increment among coverage classes, according to analyst MarketScout…
Cooper Gay ‘redefines broking’ with Ed rebrand
12 September 2016
Global wholesale insurance and reinsurance broker Cooper Gay Swett & Crawford has rebranded with a new name, Ed…
Lloyd’s veteran takes up Singapore regulatory role
12 September 2016
Lloyd’s regulatory expert Kim Swan has been appointed Regional Regulatory and Compliance Manager for Asia-Pacific, based in Singapore…
Insurers ‘have moral duty’ to serve difficult markets
05 September 2016
Insurers should not walk away from difficult markets such as flood cover, according to a director from a Canadian mutual insurer…
Overseas insurers struggling in China: report
05 September 2016
Foreign insurers continue to find it tough making inroads in the huge Chinese market, according to a joint report from Ernst & Young and Oxford Economics…
Zurich completes redundancy review
05 September 2016
Zurich has finalised “on a group level” the number of staff to be made redundant under a global shake-up new CEO Mario Greco announced in June…
Reinsurers suffer declining investment returns: S&P
05 September 2016
Global reinsurers’ investment returns are contracting rapidly, with the weakening trend set to continue, according to the latest report from S&P Global Ratings…
Florida hit by its first hurricane in a decade
05 September 2016
The first hurricane to cross the Florida coastline in more than a decade swept ashore in one of the state’s more sparsely settled areas, according to catastrophe modeller AIR Worldwide…
Ironshore turns in profitable first half
05 September 2016
Ironshore made a net profit of $US148.3 million in the half-year to June 30, according to Chinese parent company Fosun International…
Charles Taylor reports first-half revenue rise
05 September 2016
UK-listed Charles Taylor says its insurance support services business achieved good revenue growth in the first half, but the division’s profitability dipped slightly due to investment in new initiatives…
Zurich ready to finalise job cuts
29 August 2016
Zurich Insurance expects to decide by Wednesday how many jobs it will cut under a restructure designed to turn around the beleaguered business…
Willis Re names Asia-Pacific president
29 August 2016
Willis Re has appointed Michael Harden as Asia-Pacific President following a period as CEO of the company’s Bermuda operations…
London insurers urged to change soft-market game plan
29 August 2016
Recent solid performances from London insurers are unsustainable and companies must adapt their soft-market strategies to remain competitive, according to AM Best…
Lack of cover limits losses from Italy quake
29 August 2016
Insurance losses from the devastating earthquake that struck Italy last week are likely to be limited because most homes in the region are not covered for seismic events…
XL Catlin takes sip of Lemonade
29 August 2016
XL Innovate, the venture capital fund backed by XL Catlin, has invested an undisclosed amount in peer-to-peer insurer Lemonade…
Asian reinsurance market set for growth: Fitch
29 August 2016
Regulatory reform in Asia may drive increased demand for reinsurance as primary insurers rethink risk management strategies and appetite, according to Fitch…