US rates in ‘holding pattern’
09 June 2015
Rates for US property and casualty insurance held steady last month compared with the previous year, according to analyst MarketScout…
International
Cyber cover ‘essential’ in 10 years: ABI
01 June 2015
The Association of British Insurers believes cyber cover will become as commonly purchased as property insurance within a decade…
Insurers count cost of US storm damage
01 June 2015
Severe storms which have killed 42 people in the US and Mexico and flooded hundreds of homes could top more than $US1 billion for motor vehicle insurance losses alone, according to the Insurance Council of Texas…
UK working group explores ILS prospects
01 June 2015
A new working group will support the push to establish London as a hub for insurance-linked securities, also known as catastrophe bonds…
Investments, cat losses hit US P&C income
01 June 2015
Private US property and casualty insurers’ net income fell 12.5% to $US55.5 billion last year, mainly due to lower investment income and higher catastrophe losses, according to a new report…
RIMS backs bills on cyber-security, rip-offs
01 June 2015
The US-based Risk and Insurance Management Society has backed two bills aimed at streamlining data breach notification and protecting organisations’ insurance investments…
Tokio Marine makes gains amid global recovery
01 June 2015
Tokio Marine has reported a net profit of ¥247.44 billion for the year to March 31, up ¥63.3 billion on the previous year…
Experts flag below-average Atlantic hurricane season
01 June 2015
A below-normal Atlantic hurricane season is likely, according to the National Oceanic and Atmospheric Administration…
PartnerRe spurns Exor, proceeds with Axis vote
25 May 2015
PartnerRe will ask shareholders to vote on a planned merger with Axis Capital Holdings after hostile bidder Exor declined to raise its $US6.8 billion offer…
QBE appoints Hong Kong CEO
25 May 2015
Mark Walker will become QBE’s new Hong Kong CEO in July…
ABI to address SME failings after UK regulator’s review
25 May 2015
The Association of British Insurers says it will work to improve areas found wanting in a Financial Conduct Authority review, including underinsurance and customer service…
Weak euro hits Amlin Q1 result
25 May 2015
Lloyd’s insurer and reinsurer Amlin has reported gross written premium of £1.26 billion for the first quarter, down from £1.28 billion in the corresponding period last year…
Ombudsman points finger at UK loss adjusters
25 May 2015
The number of complaints to the UK Financial Ombudsman Service concerning buildings and contents insurance increased 10% to 4510 in the year to March 31…
Allianz marks a century in the air
25 May 2015
Allianz is celebrating the 100th anniversary of its aviation underwriting business, which started out insuring airships…
UK tech group records double-digit growth
25 May 2015
Innovation Group has announced 11% revenue growth to £112.8 million and a 13% rise in net profit to £11.3 million for the six months to March 31…
Cyber cover defies global rate slide
18 May 2015
Global commercial insurance rates fell for the eighth consecutive quarter in the three months to March 31, according to Marsh…
Record broker sales drive M&A activity
18 May 2015
Global merger and acquisition activity in insurance has picked up in recent months, driven by a record number of broking acquisitions and a better economic outlook, according to Swiss Re…
Willis Re unveils global catastrophic loss facility
18 May 2015
Willis Re has set up a $US400 million syndicated reinsurance facility to give insurers broad protection against catastrophic and systemic loss…
P&C premium growth lifts Allianz profit
18 May 2015
Allianz says net profit increased 11% to €1.82 billion in the first quarter, thanks to strong premium growth in property and casualty and a record profit in life and health…
BIBA aims to build on new code of conduct
18 May 2015
The British Insurance Brokers’ Association has unveiled its long-awaited voluntary code of conduct for members…