Scor first-half result ‘shows resilience’
01 August 2016
French reinsurer Scor has recorded a half-year profit of €275 million, down 15.9% on the corresponding period last year…
International
Arch reports strong income gain
01 August 2016
Arch Capital has reported second-quarter net income of $US205.6 million, up from $US110.3 million in the corresponding period last year…
Hiscox mulls post-Brexit options as profit rises
01 August 2016
Bermuda-incorporated and London-listed Hiscox has reported improved half-year earnings, and says it is considering a new European operation under its post-Brexit strategy…
UK regulator finds lapses in AR oversight
25 July 2016
Some British insurers do not properly monitor the activities of appointed representatives, which exposes customers to undue risk, the Financial Conduct Authority says…
June global temperature record tumbles
25 July 2016
Temperatures last month beat the global June average by the greatest amount since records began in 1880, according to the US National Oceanic and Atmospheric Administration…
Atrium quits Lloyd’s Singapore platform
25 July 2016
Lloyd’s syndicate Atrium is pulling out of the market’s Singapore platform after deciding the business is unlikely to meet growth expectations…
First-half cat losses ‘worst since 2011’
25 July 2016
Global economic catastrophe losses reached $US98 billion in the first half of this year, while insured losses hit $US30 billion…
UK court allows marine claim despite ‘collateral lies’
25 July 2016
The Association of British Insurers has criticised a UK court decision allowing a claim for damage to a ship despite lies told by the claimant to support its case…
Catastrophe bond issuance eases from record
25 July 2016
Catastrophe bond issuance eased to $US800 million in the second quarter after a record $US2.2 billion in the first three months of the year, according to Aon Securities…
US businesses ‘should prepare for climate change’
25 July 2016
American businesses must prepare for the increased extreme rainfall that climate change “will almost certainly deliver”, insurer FM Global warns in a new research paper…
Lloyd’s outlook cut as competitive pressure grows
25 July 2016
AM Best has cut its outlook for Lloyd’s from positive to stable, while affirming its financial strength rating at A and issuer credit ratings at A plus…
Businesses in slow lane on driverless cars
25 July 2016
Most companies are unprepared for the emergence of autonomous vehicles, according to a new survey by Munich Re…
Beazley GWP rises amid tough market
25 July 2016
London-listed insurer Beazley has reported a 2% rise in first-half gross written premium, but earnings slipped due to increased insurance claims…
Allied World hails Q2 profit surge
25 July 2016
Swiss-based insurer Allied World has reported a $US153.4 million profit for the second quarter, up from $US9.5 million in the corresponding period last year…
AIR sets up global resilience practice
25 July 2016
Catastrophe modeller AIR Worldwide has formed a global resilience practice to support risk reduction…
Japan quakes top half-year nat-cat losses
18 July 2016
April earthquakes in Japan led to the first half’s largest damage bill, totalling $US25 billion including $US5.9 billion in insured losses, Munich Re says…
UK law reforms to clear road for driverless cars
18 July 2016
Two proposed legislative reforms, including one to insurance law, will clear the way for automated vehicles to hit UK roads in the next two to four years…
UK regulator fines underwriter $4.5 million
18 July 2016
The UK’s Financial Conduct Authority has fined Towergate Underwriting Group £2.63 million for breaching rules on the handling of client and insurer money…
Canada fire dominates XL Catlin cat losses
18 July 2016
XL Catlin has reported estimated pre-tax natural catastrophe losses of $US240 million for the second quarter…
Chubb rethinks loss estimate after spate of disasters
18 July 2016
Chubb estimates its pre-tax natural catastrophe losses for the second quarter are $US390 million…