19 June 2023
The latest edition of Swiss Re’s annual Sonar report says the insurance industry faces a “multi-faceted” emerging risk landscape with political tensions and new technologies all marked as growing threats...
19 June 2023
Cole Mayer has been appointed to lead Aon’s worldwide parametric initiatives and accelerate use of index-based solutions...
19 June 2023
Global reinsurer Guy Carpenter has announced a series of appointments and promotions to its cyber divisions in New York and London which it says will enhance and enrich its digital capabilities...
19 June 2023
Swiss Re has invested in data and technology after an escalation in wildfire losses and says the peril is “clearly insurable,” but now makes up less of its underwriting portfolio...
05 June 2023
Allianz Global Corporate & Specialty says fire/explosion is the most expensive cause of marine insurance claims, accounting for 18% of losses between January 1 2017 and December 31 2021...
05 June 2023
Swiss Re says it is vital that insurers build “digital trust” as access to consumer data is the key component behind risk analytics and automation capabilities...
05 June 2023
Canada’s wildfire emergency worsened last week with homes destroyed and almost 20,000 residents evacuated in the country’s eastern province of Nova Scotia amid an active and early start to the wildfire season...
05 June 2023
US insurer Allstate will no longer write new homeowner, condominium and commercial insurance policies in California, according to the San Francisco Chronicle and other local media outlets...
05 June 2023
UK insurers have made progress in supporting consumers with prior or existing mental health conditions after new standards launched in 2020 setting out ways for improvements in relation to accessibility, asking appropriate questions, communications and transparency...
29 May 2023
State Farm General Insurance Company, one of the largest insurers in the US, has stopped accepting insurance applications from California’s homeowners due to growing risk from wildfire and other catastrophes and the rising cost of rebuilding...
29 May 2023
Insurance premium income across property and casualty, life and health exceeded €5.6 trillion last year, representing a 4.9% rise from 2021, according to a new report from Allianz...
29 May 2023
Near-normal hurricane activity is expected for the Atlantic season starting Thursday as a potential El Nino and above-average ocean temperatures set the stage, the US National Oceanic and Atmospheric Administration says...
29 May 2023
AIG will sell reinsurance business Validus Re to Renaissance Re in a $US2.985 billion cash and shares transaction...
29 May 2023
Lloyd’s has appointed Rachel Turk to the new role of Chief Underwriting Officer, responsible for managing the performance of the Lloyd’s market and leading the underwriting function to support the corporation’s strategic goals...
29 May 2023
QBE and Lloyd’s have become the latest insurance groups to quit the UN-supported Net Zero Insurance Alliance as questions loom over the coalition’s future...
29 May 2023
HDI Global says its combined ratio improved to 93.2% in the first quarter, from 96.2% a year earlier, as insurance revenue jumped to €2.1 billion, boosted by liability, and fire and engineering lines...
22 May 2023
Canada is battling an early start to the wildfire season, with further blazes reported on the weekend and a number remaining out of control...
22 May 2023
New data from the Association of British Insurers’ (ABI) Home Insurance Premium Tracker shows the average price of home and contents premiums in the UK rose at a rate less than ongoing inflation within the last year...
22 May 2023
Munich Re says its Property & Casualty (P&C) reinsurance combined operating ratio widened to 86.5% in the first quarter, from 77% a year earlier, on higher than expected natural catastrophe losses...
22 May 2023
Zurich first quarter property and casualty gross written premium (GWP) has risen 10%, excluding currency moves, following rate increases across key regions...