11 April 2022
AM Best is maintaining its negative outlook on the UK non-life sector due to a number of challenges facing the market, including exposure to weather-related events and the prospect of higher claims cost as inflation pressures mount...
11 April 2022
The US House of Representatives has passed a bill that aims to boost disaster mitigation resourcing and improve resilience, with supporters now looking for Senate support...
11 April 2022
Reinsurers’ profitability improved last year despite the ongoing pandemic and “a heavy load” of natural catastrophe losses, Gallagher Re says in a new report...
11 April 2022
Global specialist insurer Tokio Marine Kiln says Pavlos Spyropoulos has been appointed as Regional MD for Asia, replacing Alex Dugand, who is returning home to London to take up his new role as International Development Officer...
04 April 2022
Reinsurance April renewals showed modest rate increases, with inflation a key topic during every negotiation, while the conflict in Ukraine was also a focus, Gallagher Re says in a report...
04 April 2022
Insured losses from the Russia-Ukraine war are likely to be in the range of $US16-35 billion, S&P says, spurring upward reinsurance pricing momentum at upcoming renewals...
04 April 2022
Lloyd’s says Schroders Solutions, which manages £150 billion in assets globally for insurance companies, has been appointed as investment partner of its new market investment platform...
04 April 2022
Dual has sold its Financial Lines and Cyber portfolio to Chubb Asia Pacific, which will include underwriting models and wordings in both Hong Kong and Singapore...
04 April 2022
A European windstorm series in February has caused insurance property losses of €3.29 billion from 1.8 million individual insurance claims, based on an initial estimate, Zurich-based catastrophe data company Perils says...
04 April 2022
Zurich has partnered with Perth-based InterEarth on CO2 removal as it targets net-zero emissions across its operations by 2030...
28 March 2022
Lloyd’s has warned of a potential business fallout from Russia’s attack on Ukraine, warning the war will likely lead to a “major claim” this year...
28 March 2022
Insured property losses from the 7.3 magnitude earthquake that hit Japan earlier this month are expected to reach between 240-490 billion yen, Verisk Extreme Event Solutions estimates...
28 March 2022
Ardonagh Group adjusted earnings have increased strongly after the company completed major acquisitions and grew existing businesses in what it described as a defining year...
28 March 2022
UK covid business interruption settlement payments have reached £1.05 billion for 31,478 claims, the Financial Conduct Authority says in the last of its monthly updates following a legal test case completed in January last year...
28 March 2022
Russia’s general insurance industry will decline 14% this year due to the Russia-Ukraine war and economic sanctions impacting most banking assets, according to GlobalData forecasts...
21 March 2022
Lloyd’s managing agent Atrium Underwriters has been fined a record £1.05 million over “detrimental” non-financial misconduct that includes “sanctioning and tolerating” inappropriate comments made about female employees at “Boys Night Out” sessions for many years until 2018...
21 March 2022
Talanx Group has affirmed its outlook for the current financial year, after its annual earnings topped €1 billion for the first time, as new uncertainties emerge in the wider business environment...
21 March 2022
Broker WTW will withdraw from all of its businesses in Russia, taking similar action as Marsh McLennan in responding to Moscow’s invasion of Ukraine, while major insurers have also responded to the escalating crisis...
21 March 2022
Windstorm Nadia, which swept across Scotland, Northern Europe and Germany in January, has caused insurance property losses of €272 million based on an initial estimate, Zurich-based catastrophe data company Perils says...
21 March 2022
Swiss Re will take action on board-level gender diversity and potential age discrimination at its annual general meeting (AGM) next month...