21 November 2022
Insured losses from Hurricane Nicole, which made landfall in Florida earlier this month, could reach nearly $US2 billion as impacts are exacerbated by devastation caused recently by the more powerful Hurricane Ian, risk modelling firm RMS says...
21 November 2022
Talanx says it is on track to achieve record annual gross written premiums of more than €50 billion for the first time, and forecast net income of €1.05–1.15 billion this year...
21 November 2022
The Insurance Information Institute says technological advancements from insurers and proactive risk prevention from policyholders have the potential to reduce damage caused by US wildfires...
14 November 2022
Cyber insurance market conditions are set to tentatively improve over the coming year as better returns attract more providers, Moody’s says...
14 November 2022
Marine markets face the prospect of a rush of “total loss” claims early next year for ships trapped in Ukraine following the shutdown of the country’s ports, attendees at a briefing in London organised by the Association of Average Adjusters and the International Underwriting Association were told...
14 November 2022
Zurich Insurance Group has reported strong property and casualty premium growth for the first nine months of the year and estimates Hurricane Ian net impact at $US550 million on a pre-tax basis...
14 November 2022
Allianz and Axa have retained placements in Interbrand’s latest global brand rankings, which lists the top 100 most valuable brands...
14 November 2022
Revenue at Crawford & Company rose 2% to $US294.9 million in the third quarter, though the business posted a net loss of $US15.1 million...
14 November 2022
Lloyd’s has tipped England to win this year’s men’s football World Cup with research conducted alongside the Centre for Economics and Business Research deeming the Three Lions to be the world’s most insurable team...
07 November 2022
A new report from actuaries at the US-based Insurance Information Institute and Milliman says property and casualty underwriting profitability will have its worst year since 2011, as significant disaster events and global economic uncertainty compound a hard insurance market...
07 November 2022
The Zurich Flood Resilience Alliance is calling for increased finance for severe weather adaptation at COP27, which is underway in Egypt, to ensure vulnerable people don’t “suffer due to the climate crisis”...
07 November 2022
Gallagher posted improved results for the third quarter, supported by rate increases across most lines of business including in the Australian market...
07 November 2022
Aon says it is on track to meet guidance of mid-single digit or greater underlying revenue growth this year after third quarter revenue came in flat at $US2.7 billion...
07 November 2022
Insurers will pay greater focus to issues relating to sustainability, social impact and governance as part of their underwriting and investment screening processes, Fitch Ratings says in a report...
31 October 2022
Climate change has again topped the list of emerging risks in a global survey by Axa, and for the first time was the number one concern for experts in all regions of the world and the US general public...
31 October 2022
Swiss Re has posted a third-quarter loss of $US442 million, hurt by floods in Australia and other large natural catastrophe claims...
31 October 2022
Marsh McLennan has reported a third-quarter 8% jump in underlying revenue to $US4.77 billion...
31 October 2022
US insurer WR Berkley has reported lower third quarter earnings, as higher catastrophe losses partially dented its results...
31 October 2022
Chubb net income dropped 56% to $US812 million in the third quarter mainly due to “mark-to-market” impacts, but the insurer reported a strong underwriting result despite Hurricane Ian catastrophe losses of $US975 million...
24 October 2022
The UK High Court has found in a high-profile case involving the Stonegate pubs group that Government support payments during the pandemic can be taken into account to reduce business interruption insurance payouts...