QBE US office snaps up ex-Zurich claims chief
22 February 2016
Former Zurich chief claims officer for Australia and New Zealand Daniel Franzetti has been appointed chief claims officer at QBE North America…
International
Reinsurance renewal rates have room to fall further: Fitch
22 February 2016
Fitch says renewal rates have “yet to reach a floor” and has maintained its negative outlook for the reinsurance sector…
Industry can ‘contribute significantly’ to Paris climate plan
22 February 2016
Insurers have the expertise to aid an ambitious United Nations climate action plan, according to industry think tank the Geneva Association…
UK insurers warn on further premium tax rises
22 February 2016
The Association of British Insurers has cautioned the UK Government against raising the insurance premium tax in its upcoming budget, warning it could encourage consumers to reconsider their levels of protection…
Asia drives growth in captive insurance: Aon
22 February 2016
Asia is warming to the idea of captive insurance as more groups realise its long-term strategic value, according to global broker Aon…
Tokio Marine profit slumps
22 February 2016
Tokio Marine has reported a net profit of ¥181.8 billion for the nine months to December 31, down about 15% on the corresponding period in 2014…
Hartwig to quit as III president
22 February 2016
Insurance Information Institute President Robert Hartwig will step down from the role to become an academic…
Jet aircraft accident rate falls
22 February 2016
Last year was a safe time to fly, according to data from the International Air Transport Association…
Lloyd’s risk chief warns over EU exit
15 February 2016
London’s position as the biggest commercial and specialty underwriting hub is at risk should the UK vote to leave the European Union, a senior Lloyd’s executive warns…
Renewal pricing still under pressure
15 February 2016
Reinsurance pricing remains under pressure despite hints of stabilisation at the January renewals, according to industry players…
AIG result hit by fourth-quarter loss
15 February 2016
AIG made a $US2.2 billion profit last year, down from $US7.5 billion the previous year…
Zurich reports on horror year, as overhaul gathers pace
15 February 2016
Zurich Insurance Group says net income last year slumped 53% to $US1.8 billion, as the insurer prepares to shed more jobs than previously announced and deepen organisational cuts…
Tianjin blast caused ‘largest marine loss in history’
15 February 2016
Marine insurance losses from the Tianjin chemical warehouse explosions in August are likely to total a record $US2.5-$US3 billion, according to the International Union of Marine Insurance…
Insurers’ investments show climate-friendly trend
15 February 2016
Insurers around the world are already making major investment commitments to counter climate change and enhance resilience, according to the International Insurance Society…
XL Catlin hails ‘solid’ year, successful integration
15 February 2016
XL Catlin CEO Mike McGavick says the group’s full-year result is “solid” amid a difficult reinsurance market and post-merger integration…
Scor reports renewal wins
15 February 2016
Scor is happy with its January renewals, and reports “some signs of levelling out” for certain types of contract and exposure in the (re)insurance market…
Eastern US counts cost of winter storms
15 February 2016
Wild winter weather in the northern hemisphere caused losses of $US4 billion to the global economy last month, Aon Benfield’s Global Catastrophe Recap shows…
Willis records rising profit prior to merger
15 February 2016
Willis recorded net income last year of $US373 million, up 3% on the previous year…
Arch profit slumps in Q4
15 February 2016
Bermuda-based Arch Capital Group has reported net profit of $US53.1 million for the fourth quarter of last year, down from $US209.7 million in the previous corresponding quarter…
Hannover Re happy with treaty renewals in tough market
08 February 2016
Hannover Re says it is “largely satisfied” with its treaty renewals as of January 1, amid “sustained, significant competition” in most areas of property and casualty reinsurance…