Munich Re issues cat bond to cover US, Europe weather risks
30 May 2016
Munich Re has issued its biggest catastrophe bond of $US190 million to provide cover for its reinsurance business from potential US hurricane and European windstorm risks…
International
Container crackdown making waves: XL Catlin
30 May 2016
New rules preventing containers lacking verified weight information from being loaded onto ships have left the industry floundering, according to XL Catlin…
British insurers back cyber database
30 May 2016
The Association of British Insurers has called for a national database of cyber incidents and attacks on businesses…
TT Club hit by declining premiums, higher claims
30 May 2016
TT Club has reported a $US10 million decline in gross written premiums to $US172 million for the 12 months to December last year…
US insurers ‘over-exposed to fossil fuels’
30 May 2016
US general and life insurers’ have an investment in fossil fuel estimated to be worth nearly half a trillion dollars – a figure that’s is too “risky” in a world aspiring to a low-carbon future…
Arch names new Europe CEO
30 May 2016
Arch Insurance Europe has appointed Matthew Shulman as President and CEO, replacing James Weatherstone, who held the positions since 2008…
World Bank launches pandemic insurance fund
23 May 2016
The World Bank is launching a $500 million insurance fund to protect the world against deadly pandemics, creating the first insurance market for pandemic risks…
Gen Re announces new CEO
23 May 2016
Gen Re has appointed Berkshire Hathaway reinsurance executive Kara Raiguel as its new CEO…
Brexit would damage London’s status as insurance capital: Munich Re
23 May 2016
Munich Re has warned that Britain’s exit from the European Union – “Brexit” – would result in London losing some of its clout as one of the world’s leading insurance hubs…
Captive use growing, says Marsh
23 May 2016
The number of captive insurers writing non-traditional risks such as supply chain, cyber liability and political risk rose substantially last year, according to global broker Marsh…
Lloyd’s global CRO joins XL Catlin in similar role
23 May 2016
XL Catlin has appointed Lloyd’s Chief Risk Officer and General Counsel Sean McGovern as Chief Compliance Officer and Head of Regulatory & Government Affairs…
US Fed plans tougher capital standards for insurers
23 May 2016
The US Federal Reserve is planning to unveil proposals to beef up prudential requirements for systemically important insurance companies and other insurers that own an insured depository institution…
Talanx posts stable quarterly result
23 May 2016
HDI Global parent company Talanx has posted an 11.6% dip in profit to €222 million for its first quarter compared to the same period last year…
Aon data to help developers
23 May 2016
Impact Forecasting, Aon’s catastrophe modelling division, has shared its extensive earthquake data with the World Bank for its new online tool that helps property developers create resilient projects…
Insurance CEOs sign up to reduce climate change impact
23 May 2016
The New York-based global Insurance Development Forum has appointed an advisory committee of leading insurance CEOs to map out the insurance industry role in stemming the impact of climate change…
Trouble brewing for US insurers as income plummets
23 May 2016
US property and casualty insurers’ underwriting earnings declined last year and could be strained further as disturbing signals emerged in the December quarter…
Munich Re cuts profit outlook after first-quarter slide
16 May 2016
Munich Re has reduced its earnings projections for this year after a poor first quarter confirmed the reinsurer’s concerns over the difficult business landscape…
Nelson confirms exit plan, warns over Brexit
16 May 2016
Lloyd’s Chairman John Nelson has confirmed he will step down at next year’s May AGM as planned, and has warned the UK has much to lose if it leaves the European Union…
Canadian fire losses ‘could reach $6 billion’
16 May 2016
Claims from the Fort McMurray wildfire could exceed $C6 billion, according to ratings agency DBRS…
Zurich looks on bright side as earnings slump
16 May 2016
Zurich Insurance Group’s net profit for the three months to March 31 plunged 28% to $US875 million…