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…
International
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…
Flood Re chief hails public-private disaster programs
31 October 2016
Public-private partnership is the key to successfully mitigating against natural catastrophes, according to Flood Re CEO Brendan McCarthy…
Chubb in ‘good shape’ as Q3 income soars
31 October 2016
Chubb’s post-merger integration is progressing better than expected, with third-quarter net income rising to $US1.36 billion from $US528 million in the corresponding period last year…
Underwriting discipline lifts XL Group
31 October 2016
XL Group more than doubled its third-quarter net income to $US70.6 million from $US27.3 million in the previous corresponding period, aided by strong underwriting discipline and operational efficiencies…
Marsh & McLennan expects strong full-year result
31 October 2016
Marsh & McLennan has forecast strong full-year earnings growth after net profit jumped 17% to $US379 million in the third quarter…
Aon upbeat after flat third quarter
31 October 2016
Despite a relatively flat third quarter, President and CEO Greg Case remains confident Aon will meet its full-year performance targets as it enters its “seasonally strongest quarter”…
Gallagher eyes ‘strong finish’ to year
31 October 2016
Arthur J Gallagher is confident of ending the year on a high note, buoyed by a strong third quarter for its core brokerage and risk management arms…
Munich Re strives for data advantages
31 October 2016
Munich Re is investing in Big Data to improve its handling of risks and shore up its position against challenges from new competitors…
Arch builds on third-quarter profit
31 October 2016
Arch Capital has reported third-quarter net income of $US247.4 million, compared with $US74.5 million in the corresponding period last year…
Q2 ILS issue slips to five-year low
31 October 2016
New catastrophe risk capital issued in the second quarter fell to its lowest level since 2011, according to the Bermuda Monetary Authority…
Underwriters foresee huge premium lost from Brexit
24 October 2016
Britain’s European Union exit could affect £7.3 billion of premium written in the London company market, the International Underwriting Association estimates…
Disruptive forces present chances and challenges: Guy Carpenter
24 October 2016
Urbanisation, technological advances, increased connectivity and an ageing population are the four major disruptive forces in the global economy and insurance market, according to reinsurance broker Guy Carpenter…
AIG sells regional operations to Canada’s Fairfax
24 October 2016
AIG will sell its insurance operations in Latin America and Turkey to Canada’s Fairfax Financial Holdings, as it streamlines operations to focus on core businesses…
Zurich expands supply chain service
24 October 2016
Zurich has introduced a “first of its kind” supply chain risk solution to Hong Kong and Singapore…
ABI demands action on stalled whiplash reforms
24 October 2016
The Association of British Insurers has called on the Ministry of Justice to push through whiplash compensation reforms, to stop lawyers rorting the system…
Hurricane Matthew damage manageable: AM Best
24 October 2016
Insurers affected by Hurricane Matthew mostly have the capital levels and reinsurance programs to absorb losses, according to ratings agency AM Best…
Matthew bill may top $11 billion, but Nicole spares Bermuda
17 October 2016
Insured losses from Hurricane Matthew are estimated at up to $US8.8 billion, with most of the bill borne by US insurers, according to AIR Worldwide…
Brokers hold ‘frank’ talks with SSP on system failure
17 October 2016
Managers from software company SSP have faced about two-dozen UK brokers hit by its recent system failure, after the British Insurance Brokers’ Association organised a meeting…