Cat losses to rise: AIR Worldwide
21 September 2015
Global insured catastrophe losses are expected to total $US74 billion this year, up from $US72.6 billion last year, according to modeller AIR Worldwide…
International
Cyber premium predicted to triple in five years
21 September 2015
Cyber insurance premium written last year totalled about $US2.5 billion, and is expected to triple to $US7.5 billion by 2020, according to PricewaterhouseCoopers…
Nat cat underinsurance costs $1.8 trillion in decade
21 September 2015
About $US1.3 trillion has been lost following natural disasters over the past 10 years due to underinsurance, Swiss Re’s latest Sigma report says…
ABI issues data guide to ease privacy concerns
21 September 2015
The Association of British Insurers has published a new guide to ease public concerns about the use of personal data for commercial purposes…
Modeller focuses on cyber risk
21 September 2015
AIR Worldwide has begun work on an “advanced” cyber-risk model for insurers…
JLT founding partner calls it a day
21 September 2015
UK-based JLT Group founding partner John Lloyd will step down as CEO of JLT Specialty at the end of the year…
Commercial premium rises moderate further
21 September 2015
North American commercial insurance prices increased 1% on aggregate in the second quarter of this year, according to Towers Watson…
Opportunity knocks at Reinsurance Rendezvous
14 September 2015
Demand for reinsurance will increase next year as new opportunities develop, according to an Aon Benfield study launched at the annual Rendezvous de Septembre in Monte Carlo…
More cash means more mergers: Guy Carpenter
14 September 2015
The continuing influx of capital and low number of claims have started the long-awaited consolidation of the reinsurance market, according to speakers at a Guy Carpenter media briefing in Monte Carlo yesterday…
Tough times, but ‘robust’ result pleases Lloyd’s
14 September 2015
Lloyd’s has announced a pre-tax profit of £1.19 billion for the first half of this year, down from £1.65 billion in the corresponding period last year…
Cat bond issuance drops
14 September 2015
Global annual catastrophe bond issuance totalled $US7 billion in the year to June 30, according to an Aon Securities report…
Allianz warns of cyber catastrophe
14 September 2015
Businesses must prepare for rapidly evolving cyber risks that may cause catastrophic losses, according to Allianz Global Corporate & Specialty…
Japanese giant Mitsui buys Lloyd’s insurer Amlin
14 September 2015
Mitsui Sumitomo Insurance will acquire London-listed Lloyd’s insurer and reinsurer Amlin for £3.47 billion…
Reinsurance capital stabilises: Willis Re
14 September 2015
Global reinsurance capital from traditional and non-traditional sources has stabilised at $US425 billion, according to a new report from Willis Re…
Struggling reinsurers enter ‘uncharted territory’
14 September 2015
Reinsurers are venturing into “uncharted underwriting and strategic territories” as they grapple with a challenging environment marked by excess capacity and shrinking demand, Moody’s warns…
Reinsurers take different roads: S&P
14 September 2015
Reinsurers’ attitudes to catastrophe risk in the softening market are diverging, according to Standard and Poor’s…
Maritime sector ‘lacks defence against cyber threat’
14 September 2015
The global maritime industry faces potentially crippling cyber attacks unless it works on a defence strategy, according to Willis Group…
US P&C rates flat as cycles ‘moderate’
14 September 2015
Average rates for US property and casualty insurance were flat last month after a 1% rise in July, according to analyst MarketScout…
Structural change creates ‘new reality’ for reinsurers: AM Best
07 September 2015
The reinsurance sector is no stranger to evolution, but in the past few years the changes have been more rapid and profound…
No end to M&A as Berkshire model spreads: S&P
07 September 2015
The shopping spree in the reinsurance and insurance sectors will only intensify amid growing pressure to increase earnings, according to Standard and Poor’s…