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International

Willis ponders ILS permanence question

26 October 2015

Is activity in insurance-linked securities the future or just a fad? That is the question being posed by Willis in its latest ILS Market Update…

Lloyd’s and China Taiping sign MOU

26 October 2015

Lloyd’s and the China Taiping Insurance Group have signed a memorandum of understanding to mark the “significant level of co-operation” between the London-based specialist insurance and reinsurance market and China’s oldest insurance company…

Market volatility dents Ace’s Q3 earnings

26 October 2015

Ace Insurance has posted a 32.7% fall in third-quarter net income as volatile equity markets, including unfavourable foreign currency movement of $US548 million, hit home…

Canadian insurers give Uber a lift

26 October 2015

The Insurance Bureau of Canada has drawn up documents aimed at helping provinces embrace ride-sharing services such as Uber…

Quiet tornado season profits US insurers

26 October 2015

US property and casualty insurers’ profitability increased 1.4% while premium growth and investment income has remained stable, according to half-year statistics…

Allied World slumps to loss

26 October 2015

Swiss (re)insurer Allied World has reported a net loss of $US51.6 million for the third quarter…

Big Data opens door to liability modelling

19 October 2015

Insuring commercial liability amid technological and scientific change is not without its challenges. Science-based risk, for example, can lead to liability catastrophe, as seen with asbestos…

Xchanging endorses Capita bid

19 October 2015

Xchanging’s board has urged shareholders to accept Capita’s 160 pence cash offer for the company unless a better bid comes along…

UK holds execs to account

19 October 2015

The UK Government has strengthened provisions requiring financial services managers in the non-banking sector to take personal responsibility for their decisions…

Bidding war breaks out over Xchanging

12 October 2015

Loss-making insurance outsourcing company Xchanging is at the centre of a bidding war between larger rival Capita and US private equity group Apollo Global Management…