Terrorism ‘causes record damage’
23 November 2015
Terrorism caused record levels of economic damage last year, according to a new report from the Institute for Economics & Peace, a global think-tank based in Sydney…
International
Talbot makes changes at the top
23 November 2015
Talbot Underwriting’s CEO Rupert Atkin will step down and take up the Chairman’s role early next year, Bermuda-based parent Validus Holdings says…
Tokio Marine cuts profit outlook as claims hit home
23 November 2015
Tokio Marine Holdings has reduced its earnings outlook by 9.5% for the year to March 31 following a sharp decline in half-year net profit…
Crawford & Co wields the axe to stem the bleeding
16 November 2015
Global loss adjustor Crawford & Company has reported a net loss of $US900,000 in the third quarter, a massive plunge from its net profit of $US10.2 million in the corresponding quarter last year…
Ebix hailed at ACORD awards
16 November 2015
Ebix Consulting for Life & Annuity Insurance has been honoured at the Association for Co-operative Operations Research and Development awards…
New US bidder joins race for Xchanging
16 November 2015
New York-listed Computer Sciences Corporation has put in a last-minute offer of £421 million for UK-based insurance outsourcing company Xchanging…
Mergers set to continue: Moody’s
16 November 2015
Insurance industry mergers and acquisitions are at their highest level for years and the trend is set to continue, according to Moody’s…
Cooper Gay to exit North America market
16 November 2015
UK-based global reinsurance broker Cooper Gay Swett & Crawford has announced plans to sell its entire North America business…
Bermuda leads as ILS market marches on
16 November 2015
The global insurance-linked securities market continued to expand in the third quarter, according to the Bermuda Monetary Authority’s market report…
Hiscox ‘strategy is working’
16 November 2015
Bermuda-based specialist (re)insurer Hiscox reports gross written premium of £1.54 billion for the first nine months of this year, up 12.9%…
Beazley reports premium growth
16 November 2015
Beazley says gross written premium totalled $US1.64 billion for the nine months to September 30, up 6% on the corresponding period last year…
Talanx profits from diversification
16 November 2015
HDI-Gerling Industrial Insurance’s parent Talanx has reported third-quarter net income of €177 million, up 18.8% on the corresponding period last year…
Capacity glut benefits Asia-Pacific buyers: report
09 November 2015
It’s a buyer’s market in the Asia-Pacific region, with reinsurance capacity outweighing demand, according to a new report from Guy Carpenter…
AIG flags restructure, rejects break-up following Q3 loss
09 November 2015
AIG has reported a net loss of $US231 million for the third quarter, compared with a net profit of $US2.2 billion in the corresponding period last year…
Mitigation the answer to cyber risks: Munich Re
09 November 2015
Cyber risks are among the greatest threats to a nation’s infrastructure, but state-subsidised insurance pools are not the answer, according to Munich Re…
Zurich rings in changes after Q3
09 November 2015
Zurich Insurance Group’s net profit for the third quarter has met the insurer’s worst expectations, falling 79% to $US256 million…
Munich Re ‘on course’ despite Q3 profit slide
09 November 2015
Munich Re has posted a third-quarter profit of €525 million, down from €736 million in the corresponding period last year…
Low rates the new normal, Allianz says
09 November 2015
Low rates are here to stay but can be managed, the Singapore International Reinsurance Conference has heard…
Ebix confident after further growth
09 November 2015
Insurance technology specialist Ebix has recorded third-quarter net income of $US20.2 million, up 12% on the corresponding period last year…
JLT reports ‘robust’ performance
09 November 2015
UK-based JLT Group says its risk and insurance business has performed “robustly” in the past four months, despite a challenging environment…