30 January 2023
Devastating flooding in California has highlighted that most households are not covered for the risk and that even those participating in a government-backed scheme may be underinsured...
30 January 2023
Swiss Re Group Chief Underwriting Officer Thierry Leger has stepped down to take up the role of CEO with French-based reinsurer Scor...
30 January 2023
Trade credit insurers face possibly higher claim losses in the months ahead as the global economy remains under pressure from rising interest rates, persistent supply chain bottlenecks and inflation, AM Best says in a report...
30 January 2023
Aon and a group of reinsurers including Renaissance Re, Scor, Hannover Re and Swiss Re say a new Open Exposure Data Standard for risk modelling of property reinsurance placements will reduce costs and improve efficiencies...
30 January 2023
The Risk and Insurance Management Society says Jennifer Santiago will lead as President for the 2023 term...
12 December 2022
AM Best has raised the possibility of further insurer insolvencies in Florida’s troubled property insurance market unless “immediate and substantive” long-term legislative reforms are introduced...
12 December 2022
The Depository Trust & Clearing Corporation says its annual Systemic Risk Barometer Survey has identified geopolitical and trade tensions, inflation and cyber risks as the “most significant threats to the financial services ecosystem” in the coming year. ..
12 December 2022
Zurich employees in Australia and nine other countries will from January volunteer their expertise to help develop tailored plans to make cities less susceptible to disruption from frequent and intense floods, heatwaves and wildfires...
12 December 2022
Swiss Re says Vanessa Lau and Pia Tischhauser will be nominees for its board member elections at its next Annual General Meeting in April next year...
05 December 2022
The Financial Conduct Authority has issued a warning to insurers after seeing evidence that some UK consumers are being offered a price lower than fair market value for cars written off after an accident...
05 December 2022
Reinsurance pricing has risen since 2018 but the gains may not be enough for reinsurers, whose appetites have taken a hit from worsening natural catastrophe losses this year, claims inflation and geopolitical uncertainties from the Russia-Ukraine conflict, AM Best says...
05 December 2022
Reinsurers achieved an average 13% rise in premium growth for the nine months to September, supported by improved pricing for commercial lines and reinsurance business, Gallagher Re says in its latest financial assessment of the industry...
05 December 2022
Swiss Re estimates global yearly insured losses caused by natural catastrophes to have exceeded $US115 billion, well above the decade average of $US81 billion...
05 December 2022
The US Insurance Information Institute has marked the end of this year’s Atlantic hurricane season, noting its intensity as a reminder for at-risk residents to ensure they are protected against potential losses...
28 November 2022
US-based Risk and Insurance Management Society supports creating a federal cyber backstop for “catastrophic” incidents, saying such a measure is warranted in light of coverage challenges in the private insurance market...
28 November 2022
Aon has urged reinsurers to seize opportunities and not shy away from risk despite challenging market conditions that have included an increase in the frequency and severity of losses...
28 November 2022
The Association of British Insurers has outlined a multi-year work plan to improve diversity, equity and inclusion across the insurance and long-term savings industry...
28 November 2022
Munich Re has opened a new Research and Development Centre based in Shanghai as it looks to expand further with clients in the Chinese market...
21 November 2022
Global non-life premium growth is likely to improve over the next two years following a weak 0.9% increase this year, Swiss Re says...
21 November 2022
Ardonagh Group says it will continue to build global momentum following a nine-month result underpinned by its diverse operations...