Hackers rely on human factor: cyber-crime report
02 May 2016
Cyber criminals continue to rely on familiar attack patterns such as phishing and ransomware, according to the latest Verizon Data Breach Investigations Report…
International
XL Catlin profit slumps as merger, cat costs hit
02 May 2016
XL Catlin has posted a 39.7% fall in first-quarter net profit to $US21.9 billion, as integration cost from the Catlin acquisition and natural catastrophe losses hit earnings…
WR Berkley profit dips as cat losses grow
02 May 2016
WR Berkley says first-quarter net profit fell to $US119.5 million as higher catastrophe loss and expenses ate into earnings…
Reinsurance decline drags down Arch profit
02 May 2016
Arch Capital says first-quarter net profit fell to $US149.3 million from $US277.9 million in the corresponding period last year, as earnings took a hit from currency losses and weaker reinsurance results…
Axis first-quarter profits slide
02 May 2016
Axis Capital has reported first-quarter net income of $US38 million, down from $US156 million in the corresponding period last year…
UN praises industry on climate change, but flags work to be done
26 April 2016
United Nations Secretary-General Ban Ki-moon has praised the insurance industry’s leadership on climate change, and says it is a “key actor” in managing and reducing climate change risks…
Reinsurers looking elsewhere for capital to bolster returns
26 April 2016
Traditional reinsurance capital fell by $US13 billion last year to $US357 billion, according to a new report by Willis Towers Watson…
Japan and Ecuador count cost of earthquakes
26 April 2016
US catastrophe modeller AIR Worldwide estimates industry insured losses to properties from the April 16 earthquake in Japan’s Kumamoto Prefecture will be $US1.7-$US2.9 billion…
Portfolio managers weigh up the alternatives
26 April 2016
Insurers are seeking alternatives to fixed-income investments in their portfolios amid falling yields, according to BlackRock Global Head of Insurance Asset Management David Lomas…
Soft market hits Allied World profit
26 April 2016
Swiss-based (re)insurer Allied World’s net profit fell 40.4% to $US74.1 million in the March quarter as the weak reinsurance market hit revenues…
Cat bond issuance sets Q1 record
26 April 2016
Catastrophe bonds worth at least $US2 billion were issued in the first quarter, easily surpassing the record set in the corresponding period last year, according to two separate reports…
Drone expert warns of possible air disaster
26 April 2016
An aviation expert believes it is only a matter of time before one of the estimated 50,000 drones in circulation in Australia causes an aircraft disaster…
UN-backed forum to advise on disaster risk management
26 April 2016
A new industry body, the Insurance Development Forum, has been set up to aid disaster risk management efforts worldwide…
Transactional risk cover grows as corporate buyers drive demand
26 April 2016
Demand for transactional risk insurance continued to increase across all regions last year, as investors looked to reduce deal risk…
Earthquakes strike Ecuador and Japan
18 April 2016
Two major earthquakes have struck southern Japan and one has hit Ecuador over the past few days, causing widespread damage…
Terrorist attacks drive up risk ratings
18 April 2016
Last year was Europe’s worst for terrorism in almost a decade, with shootings overtaking bombings as the preferred method of attack, according to a new report…
JLT, Willis settle ‘staff poaching’ lawsuit
18 April 2016
JLT will pay about £22 million to settle a London lawsuit brought by rival broker Willis over the unauthorised recruitment of staff…
London market signs up for exchange platform
18 April 2016
US-based insurance software and services specialist Ebix has signed a contract to build a placement platform linking brokers and insurers across the entire London market…
Brexit spells business disruption for insurance: QBE
18 April 2016
Insurers can expect some business disruption if Britain votes to leave the European Union in a June 23 national referendum, according to a QBE report…
Gen Re chief to retire as Berkshire Hathaway restructures
18 April 2016
Gen Re Chairman and CEO Tad Montross will step down at the end of this year…