Quakes lift April cat costs
09 May 2016
The global economy suffered its worst April catastrophe losses in five years, according to Impact Forecasting’s Global Catastrophe Recap for last month…
International
Storms and safety lapses threaten shipping, says Allianz
09 May 2016
Increasingly common extreme weather events such as “super storms” pose a growing threat to ships, according to Allianz Global Corporate & Specialty…
Beazley records GWP rise in first quarter
09 May 2016
London-listed Beazley has posted a 7% rise in gross written premium to $US583 million in the first quarter, driven by its biggest division, specialty lines…
US soft market ‘may be limited’
09 May 2016
US commercial insurance premium rates are moderating, suggesting that the soft market may be limited in its length and severity, according to analyst Marketscout…
Mapfre reports falling profit
09 May 2016
Spanish insurer Mapfre has reported first-quarter net income of €191.7 million, down 4.8% on the corresponding period last year…
Munich Re flags Q1 profit fall
02 May 2016
Munich Re has braced shareholders for a net profit slump in next week’s first-quarter earnings results…
Cyber cover ‘needs common lexicon’ to lift sales
02 May 2016
A lack of common language is one of the biggest challenges brokers face when trying to sell cyber insurance, a US report says…
Swiss Re eyes emerging markets as profit slips
02 May 2016
Swiss Re has reported a first-quarter profit of $US1.2 billion, down from $US1.4 billion in the corresponding period last year…
MMC chief happy with flat start
02 May 2016
Marsh & McLennan Companies CEO Dan Glaser says he is happy with the group’s start to the year, after first-quarter profit came in relatively flat at $US481 million…
JLT ‘on track’ despite legal payout
02 May 2016
JLT has made a strong start to the year, according to a trading update at the international broker’s AGM…
Aon hails ‘solid start’ to year
02 May 2016
Aon has reported a net profit of $US315 million for the three months to March 31, down 4% on the corresponding quarter last year…
AJG firing on all cylinders, says Gallagher
02 May 2016
Arthur J Gallagher had an “outstanding” first quarter, according to President, Chairman and CEO Patrick Gallagher…
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…
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…