Swiss Re warns of rising income inequality
16 May 2022
Swiss Re’s latest Sigma report says income inequality is rising in advanced nations and this is contributing to a massive loss in insurance protection...
International
Allianz hit by $1 billion Q1 natural catastrophe bill
16 May 2022
Allianz’s Australian operations suffered a €43 million loss in the first quarter, damaged by record flooding in NSW and Queensland which offset good growth in retail and commercial lines...
Munich Re earnings rise amid 'severe' Ukraine impacts
16 May 2022
Munich Re first-quarter earnings rose 3% to €608 million as repercussions from the war on Ukraine offset benefits from higher premiums and reduced natural catastrophe major losses...
Zurich expects to exceed targets after strong quarter
16 May 2022
Zurich expects to “exceed all financial targets” for this year after a jump in premiums underpinned a strong first quarter...
'Muddy waters': Ukraine war, mega ships among key maritime risks, AGCS says
16 May 2022
Insurance claims impacts from the ongoing Russia-Ukraine military conflict may extend beyond specialist war policies, an annual Allianz Global Corporate & Specialty maritime review says...
'Too high': cyber premiums a significant obstacle to SME uptake
09 May 2022
GlobalData says the price of cyber insurance is still too high for small-to-medium enterprises, with a UK survey finding 29% cancelled their policies last year due to cost-cutting...
Swiss Re slumps to Q1 loss, P&C arm suffers earnings drop
09 May 2022
Swiss Re has posted a first-quarter net loss of $US248 million, compared with a year-earlier net income of $US333 million, as elevated natural catastrophe claims and covid dented earnings...
Premiums boost AIG profits, life split plan moves ahead
09 May 2022
AIG first quarter earnings have been boosted by lower catastrophe losses and rate improvement, while the insurer says it has made progress on plans to split out its life and retirement division as a separate company...
Axa says Ukraine hit similar to mid-size natural catastrophe
09 May 2022
Axa’s losses from the Russia-Ukraine war are likely to be in line with those of a medium natural hazard, the French insurer says...
Talanx says Australia floods were largest single Q1 loss
09 May 2022
Recent flooding in Queensland and NSW caused the largest single first-quarter loss for Talanx, at €236 million, which along with storms in Europe helped push its combined ratio to 98.3%, from 96.1% a year earlier...
Swiss Re Institute warns on inflation pressures
02 May 2022
Inflationary pressures will be felt through higher claims, particularly for property and casualty insurers this year while slowing economies could lower demand for both life and non-life cover, Swiss Re Institute says...
AM Best sees no direct credit rating impact from new accounting rule
02 May 2022
AM Best does not expect the commencement of new accounting rule IFRS 17 on January 1 next year to immediately have a direct impact on the ratings of insurers and reinsurers it covers, the rating agency says, as it outlines how it is preparing for the incoming standard...
Aon says global volatility reinforces strategy relevance
02 May 2022
Aon has reported a rise in first quarter revenues and earnings and says global volatility has further reinforced the relevance of its business strategy...
Chubb reports record Q1 operating earnings
02 May 2022
Chubb says it has achieved record first-quarter operating earnings and underwriting results, supported by stronger premiums and growing momentum in its consumer business globally...
WTW 'on track' to achieve financial targets
02 May 2022
Willis Towers Watson says it is on track to achieve full-year financial targets after a first quarter result in line with its expectations...
Talanx to add more female managers
02 May 2022
Talanx Group intends to fill half of all vacant management positions with female employees and candidates, and says it has also undertaken to become “an even more attractive employer for persons with different abilities”...
Axa appoints new Chairman, renews CEO
02 May 2022
Axa has appointed Antoine Gosset-Grainville as Chairman, and renewed Thomas Buberl as CEO...
Active US hurricane season tipped in early forecast
26 April 2022
The Atlantic hurricane season this year may feature above-normal activity, based on sea surface temperatures and conditions, Colorado State University researchers say in an extended range forecast released this month...
Europe windstorm largest exposure in Perils database
26 April 2022
European windstorm represents the largest risk in an Industry Exposure Database compiled by Zurich-based catastrophe data company Perils...
Marsh 'well positioned' after strong start to year
26 April 2022
Marsh McLennan says it’s made a good start to the year, with both its risk and insurance services and consulting divisions delivering stronger revenues and operating earnings in the first quarter...