Allianz reports Q2 earnings rise on robust P&C results
08 August 2022
Allianz says its second-quarter operating profit rose 5.3% to €3.5 billion from a year earlier, driven partly by a strong result from its property and casualty business...
International
WTW earnings decline, sees second-half acceleration
08 August 2022
Global broker WTW reported a decline in second-quarter net income but the group says it’s tackling a transformation program with urgency and is well-placed despite a difficult economic backdrop...
KPMG report examines 'transformation' of commercial insurance
08 August 2022
The commercial insurance industry is under rising pressure from five influences including economic uncertainty and increasing environmental, social and governance activism, KPMG says...
UK regulator 'raises the bar' on consumer protections
01 August 2022
The UK Financial Conduct Authority has set more stringent consumer protection standards in areas such as communication and product suitability under rules released last week that reflect its plans to become a “more assertive” regulator...
Insurance innovation essential to meet Ukraine challenges
01 August 2022
Innovation in insurance via collaboration and investment will be essential to address complex challenges that will emerge from the Ukraine war, Lloyd’s and Aon say...
Australia floods, Europe storms mar Swiss Re P&C results
01 August 2022
Swiss Re’s Property & Casualty Reinsurance arm absorbed $US938 million in large natural catastrophe claims for the January-June period, including from the flood events in Australia, the reinsurance giant says in its first-half results announcement...
Australian floods top first-half insured loss chart
01 August 2022
The February/March flood disaster in NSW and Queensland has run up insured losses of about $US3.7 billion, making it the insurance industry’s most costly natural catastrophe in the first six months of the year, according to Munich Re...
Aon earnings increase 'reflects momentum'
01 August 2022
Aon net income rose 32% to $US501 million in the second quarter as revenues and operating margins improved...
Making steady profit from cyber 'remains challenging': S&P
01 August 2022
Insurers will find extracting steady profit from cyber policies “remains challenging” and wariness among underwriters is “justified by the systemic risk” from interconnected digital services and infrastructure, S&P Global Ratings says...
Chubb 'bullish' after record Q2 earnings
01 August 2022
Chubb has posted record second quarter earnings, driven by strong property and casualty results...
LMA 'stands ready' to support Black Sea grain exports
25 July 2022
The Lloyd’s Market Association says it stands ready to provide support for the resumption of Black Sea grain exports after Ukraine and Russia last week agreed to a deal to allow shipments...
Aon report reveals half-year disaster costs
25 July 2022
Aon’s Global Catastrophe Recap reports that the insurance industry has paid out $US39 billion globally in the first six months of this year, above the 21st century average...
Think tank promotes cyber insurers' ransomware role
25 July 2022
A new report from The Geneva Association has highlighted cyber insurers’ crucial role in dealing with ransomware attacks...
Marsh McLennan profit rises amid volatile global backdrop
25 July 2022
Marsh McLennan has reported increased second-quarter revenues and earnings and says the business is well placed amid a more uncertain economic and geopolitical environment...
UK's FCA urged to undertake study of hard PI market
25 July 2022
The UK financial services regulator should carry out a market study of professional indemnity insurance after recent price increases and market hardening, the UK’s National Federation of Self Employed & Small Businesses says...
Inflation spike dents industry earnings outlook
18 July 2022
Motor and property lines will “bear the brunt” of the immediate claims cost impact of the current high-inflation environment, straining overall industry earnings, Swiss Re says in its latest Sigma report...
Influential role seen for insurers as climate risks rise
18 July 2022
Reinsurers and insurers can have a profound impact on positive climate change outcomes by influencing the behaviour of businesses and households, a report from global law firm Kennedys says...
Lloyd's positive trajectory faces inflation challenge
18 July 2022
Lloyd’s positive trajectory, after last year’s profit turnaround, faces challenges from the inflationary environment and uncertainties around natural catastrophe losses and Russia’s invasion of Ukraine, Gallagher Re says...
European insurance regulator seeks price fairness feedback
18 July 2022
The European Insurance and Occupational Pensions Authority – the insurance regulator in the European Union – is undertaking a three-month-long public consultation relating to pricing practices...
Small businesses warned about new ransomware
18 July 2022
Cyber specialist CFC has called on consumers and brokers to be wary regarding an emerging ransomware attack method targeting small businesses...