‘Favourable conditions’ keep reinsurers on a roll
09 September 2024
Reinsurers will continue to perform well on the back of supportive prices, favourable policy terms and higher investment yields, according to a Moody’s Ratings report...
International
Reinsurers still ‘dictating terms’ amid capacity boost
09 September 2024
Reinsurers have maintained strict underwriting criteria despite improved appetite for catastrophe risks, according to an AM Best report...
‘Caution abounds’ as M&A slumps to 15-year low
09 September 2024
Insurance mergers and acquisitions slowed in the first six months of the year, according to an update from law firm Clyde & Co...
Moody’s buys disaster modeller Praedicat
09 September 2024
Moody’s has acquired casualty insurance analytics group Praedicat to strengthen its modelling capabilities and provide new resources for customers...
Civil unrest, forever chemicals require industry ‘rethink’
09 September 2024
The insurance industry is likely to turn to parametric products to address rises in strikes, riots and political violence, Howden Re says...
Zurich flood alliance expands resilience mission
09 September 2024
Zurich says its Flood Resilience Alliance will become the Climate Resilience Alliance as it widens its focus to encompass more impacts of global heating and advocacy for adaptation...
Coalition expands in cyber reinsurance
09 September 2024
Cyber specialist Coalition has created a reinsurance intermediary that will build on the group’s knowledge in the area...
Pricing corrections drive reinsurer risk rethink
02 September 2024
Reinsurers have “increased appetite for natural catastrophe risk” after adjusting their pricing and programs, according to S&P Global Ratings...
Ship fires raise alert over dangerous cargoes
02 September 2024
Marine insurer TT Club has called for greater diligence around dangerous goods transportation following a spate of container ship fires in the past four months...
Aon flags top traits for succeeding through the cycle
02 September 2024
Aon says it has identified the key traits of strong and weak insurers and reinsurers, as a stabilising market increases the focus on how companies sustain profitable growth through the pricing cycle...
Hiscox names interim board head after chair dies in yacht tragedy
02 September 2024
Hiscox has appointed independent director Colin Keogh as interim chair following the death of Jonathan Bloomer in the sinking of the Bayesian yacht off the coast of Sicily...
SME cyber risk modelling ‘needs shake-up’
02 September 2024
The insurance industry must improve its understanding of cyber risk in small and medium business portfolios to allocate capital efficiently, Guy Carpenter says...
Insurance-linked securities market sets records
02 September 2024
Aon says the insurance linked securities market reached a total volume of $US110 billion ($162 billion) in the year ending June, supported by record-breaking catastrophe bond issuance in three of four quarters...
FCA warns over fair value for consumers
26 August 2024
Britain’s Financial Conduct Authority has called on insurers and brokers to ensure their products and services deliver fair value, after a review found continued failings...
Swiss Re buoyed by renewals, lower catastrophe claims
26 August 2024
Swiss Re says net income jumped to $US2.1 billion ($3.09 billion) in the first half, helped by low natural catastrophe claims, strong investment income and disciplined underwriting...
Rebounding reinsurers earn ‘well above’ capital cost
26 August 2024
Global reinsurers have generated returns above the cost of capital for the first time in four years thanks to repricing and actions to reduce portfolio risk, AM Best says...
‘Determined’ serial offender jailed over false home claims
26 August 2024
A fraudster who repeatedly submitted false home cover claims to RSA Insurance in Britain has been jailed...
Broker banned after client funds used to pay debts
19 August 2024
The UK regulator has banned a broker from working in financial services and imposed a fine after an investigation found he used client premiums to pay debts instead of passing the funds to insurers...
Losses from Hurricane Debby could top $2 billion
19 August 2024
Hurricane Debby private market insured losses will not exceed $US1.5 billion ($2.3 billion), Moody’s RMS has estimated, while Hurricane Ernesto, which formed last week, has remained well away from the US coastline...
British insurers set claims record as weather takes toll
19 August 2024
UK insurers paid more than £1.4 billion ($2.71 billion) in claims in the second quarter – the highest sum since the Association of British Insurers began tracking data in 2017...