Commercial, retail results lift Zurich’s Q1
20 May 2024
Zurich says it performed strongly in the first quarter, fuelled in part by its property and casualty division...
International
Talanx on course to beat guidance
20 May 2024
A strong start to the year has increased Talanx’s confidence of “clearly exceeding” its annual net income target of more than €1.7 billion ($2.78 billion)...
Lawyer crackdown brings ‘hope’ to Florida property market
13 May 2024
Florida’s property insurance market is showing signs of improvement following legislative reforms to address legal system abuse and claim fraud, the Insurance Information Institute says...
Industry draws up blueprint to boost British resilience
13 May 2024
The Association of British Insurers has published a manifesto detailing ways the government can work with industry to address challenges such as climate change resilience and cybercrime...
Munich Re posts ‘impressive’ Q1 result
13 May 2024
Munich Re says the odds of surpassing its earnings guidance of €5 billion ($8.2 billion) for the year have improved after net profit jumped 68% in the first quarter...
Aon flags shortfall in intangible asset cover
13 May 2024
Aon has warned of a “persistent protection gap” for information assets despite the growing risk of loss compared with tangible items...
IAG on board as UN launches net zero forum
06 May 2024
IAG is one of 19 founding members of the United Nations Environment Program’s new Forum for Insurance Transition to Net Zero...
US storms lead first-quarter cat losses
06 May 2024
Global insured catastrophe losses totalled $US17 billion ($25.69 billion) in the first quarter, slightly above the century average, according to Aon...
Sedgwick spreads wings in aviation market
06 May 2024
Loss adjuster Sedgwick has introduced new solutions for aviation claims management...
Arch appoints claims chief
06 May 2024
Arch Insurance International has named Barbara Rizzi as its new Chief Claims Officer...
Marsh McLennan ‘well placed’ after first-quarter growth
29 April 2024
Marsh McLennan says it is seeing momentum across its business after revenue increased 9% to $US6.5 billion ($9.9 billion) in the first quarter...
WTW confident of hitting $15 billion sales target
29 April 2024
WTW’s first-quarter revenue rose 4% and the global broker says it is on track for sales of $US9.9 billion ($15.18 billion) or more this year...
Chubb hails strong start as Q1 earnings jump
29 April 2024
Chubb has recorded net income of $US2.14 billion ($3.27 billion) for the first quarter, up 13.3% from a year earlier...
Marsh unveils parametric, captives business
29 April 2024
Marsh has launched a practice called Global Alternative Risk Solutions, offering expertise in parametric cover, alternative risk transfer, captives and complex risk...
CFC sets up renewable energy M&A team
29 April 2024
Cyber specialist CFC has created a team focused on underwriting representations and warranties insurance in the renewable energy market...
Insurers urged to ‘rewrite underwriting rule book’ for new era
22 April 2024
More than 80% of industry executives believe predictive models are critical to underwriting’s future but less than a third say their business has advanced capabilities in this area, according to a Capgemini report...
Industry well placed for UAE flood claim surge, AM Best says
22 April 2024
Severe flash flooding in the United Arab Emirates is likely to prompt a surge of claims, though low penetration and extensive reinsurance cover should mean insurers’ costs are “manageable”, AM Best says...
London market tipped to continue strong run
22 April 2024
Strong underwriting discipline and rate adequacy will drive the London market’s performance, with added support expected from better investment yields, AM Best says...
Covid years muddy the waters for actuaries, AM Best says
22 April 2024
The covid pandemic has distorted historical patterns used by actuaries as a heightened risk landscape increases challenges for reserve management, AM Best says...
Taiwan quake’s distance from tech park to curb claims
15 April 2024
Losses from the Taiwan earthquake earlier this month are not expected to exceed those from the 2016 Meinong quake, which was centred closer to a key location for technology companies, AM Best says...