Prince addresses Willis Towers Watson sustainability event
18 July 2016
Willis Towers Watson has hosted a global sustainability forum in London, convened by the Prince of Wales…
International
III names Zurich exec as new President
18 July 2016
Sean Kevelighan, the Global Head of Public Affairs for Zurich Insurance Group, will replace Robert Hartwig as President and CEO of the Insurance Information Institute from August 8…
Institute issues model warning as climate change losses soar
18 July 2016
Insurance losses caused by climate change have tripled since the 1980s to an inflation-adjusted average of $US50 billion a year from $US10 billion, the Global Risk Institute says…
BGL eyes London float for Compare The Market
18 July 2016
BGL Group is considering a London listing for its insurance comparison business Compare The Market, according to media reports…
Higher cat losses, expenses hit US P&C income
18 July 2016
Private US property and casualty insurers’ first-quarter net income fell 26.5% to $US13.3 billion, hit by higher catastrophe losses and loss adjustment expenses, according to a new report…
China floods ‘point to La Nina’
11 July 2016
Natural disasters caused global economic losses of more than $US5 billion last month, according to the latest report from Aon Benfield subsidiary Impact Forecasting…
Zurich sell-off continues with South Africa deal
11 July 2016
Zurich will sell its operations in South Africa and Botswana for an undisclosed sum to Canada’s Fairfax Financial Holdings…
US insurers ‘tired of rate cuts’
11 July 2016
US commercial insurance rates dropped 1% last month, but insurers are running out of patience, according to analyst MarketScout…
Canada fire losses hit record $3.6 billion
11 July 2016
Insured property losses from the recent northern Alberta wildfire are estimated at $C3.58 billion, more than twice the sum from Canada’s previous most costly natural disaster, according to the Insurance Bureau of Canada…
TRIA renewal stabilises US terrorism coverage: Marsh
11 July 2016
Terrorism insurance take-up in the US improved to 61% last year from 59% in 2014 after Congress extended the Terrorism Risk Insurance Act, according to Marsh…
Atlantic hurricane forecast worsens
11 July 2016
Colorado State University forecasters have increased the expected number of named Atlantic storms this season from 14 to 15, with six predicted to become hurricanes…
Chinese insurers start quake policy sales
11 July 2016
Chinese insurers have started selling a policy covering earthquake damage, as the nation moves towards a market-driven approach to compensating disaster losses…
Reinsurance rate reductions slowing: Willis Re
04 July 2016
Market softening continued during the June-July reinsurance renewal period, but at a slower pace, according to Willis Re’s latest report…
Fitch warns on Brexit impact
04 July 2016
Britain’s decision to leave the European Union may have adverse implications for the UK insurance industry, Fitch Ratings warns…
AM Best puts negative outlook on Ironshore
04 July 2016
AM Best has assigned Ironshore a negative outlook, reflecting the credit profile and high debt leverage of its Chinese owner Fosun International, which has pushed forward with plans to list the US insurer…
XL’s Bermuda move wins shareholder nod
04 July 2016
XL Group expects to complete the relocation of its registered office from Ireland to Bermuda in the third quarter, after shareholders approved the move…
Tesla defends autopilot technology after fatal crash
04 July 2016
US electric carmaker Tesla is adamant its self-driving technology is sound and will continue to improve after the first fatal crash involving its automated vehicles…
Chubb names new Asia-Pacific president in senior shake-up
04 July 2016
Chubb has promoted Paul McNamee to Regional President Asia-Pacific and announced other senior appointments that will take effect later this year…
New rules on container cargo take effect
04 July 2016
The World Shipping Council has released a set of frequently asked questions on new shipping rules that took effect on Friday…
Cover-More appoints US sales chief
04 July 2016
Cover-More has appointed Mark Linton as Head of Sales for the US and Canada…