15 November 2021
Severe weather and flooding events resulted in a multi-billion-dollar economic loss for the US in October, signalling that annual insured US losses will again exceed $US20 billion...
15 November 2021
Munich Re reported “above-average” major natural catastrophe losses in the third quarter but remains confident the business is still able to achieve its full-year-earnings profit guidance of €2.8 billion...
15 November 2021
Zurich Insurance Group has posted a 14% rise in property and casualty gross written premium to $US31.15 billion for the nine months to September from the corresponding period last year...
15 November 2021
A bill creating a US Government backstop for pandemic insurance has been reintroduced into Congress, with support from a business coalition that includes risk management society RIMS...
15 November 2021
Top insurers have published a framework for overhauling the financial response to natural catastrophes in climate-vulnerable countries...
15 November 2021
AIG’s general insurance arm performed strongly in the third quarter, lifted by a 17% rise in its commercial lines business, the insurer says in an earnings release...
08 November 2021
A University of Cambridge report has set out the role of insurers in the global effort to accelerate climate resilience as the United Nations COP26 summit enters the final stretch this week in Glasgow...
08 November 2021
Broker Aon has launched a report outlining how each new catastrophe is evidence of the “fingerprints” of climate change...
08 November 2021
The longer leaders fail to properly combat climate change, the worse losses from natural catastrophes will be, a Munich Re statement from the United Nations-backed climate COP26 conference in Glasgow says...
08 November 2021
Weather-related events that are upending historical patterns, amid climate change and urbanisation, are likely to contribute to greater balance sheet volatility for Asia Pacific reinsurers, S&P Global says in a report...
08 November 2021
UK-based Ardonagh has completed its $US500 million acquisition of the BGC Partners insurance operations, increasing gross written premium the group places globally to $US13 billion...
08 November 2021
Major catastrophe events during the third quarter are likely to fuel reinsurance rate increases next year after recent waning momentum, S&P Global Ratings says...
01 November 2021
The global insurance industry should prepare for an annual average catastrophe loss of $US106 billion in long-term planning, Verisk modelling firm Air Worldwide says...
01 November 2021
Aon has reported a third-quarter $US900 million loss following $US1.3 billion in charges related to a decision to abandon a proposed merger with Willis Towers Watson...
01 November 2021
US broker Arthur J. Gallagher has achieved strong earnings growth for the third quarter, supported by robust property and casualty rates and an economic rebound from the pandemic downturn...
01 November 2021
An annual Malaysia Re insurance report on south-east Asia has urged the region to close the natural disaster protection gap, particularly for flood risk...
01 November 2021
Reinsurers are likely to increase their use of insurance-linked securities as part of retrocession programs amid rising catastrophe losses and as emerging risks become more of a focus, S&P Global Ratings says...
01 November 2021
Swiss Re has achieved net income of $US1.3 billion in the first nine months of 2021, driven by a strong rebound in property and casualty despite significant large-loss events, particularly in the third quarter...
01 November 2021
Chubb has posted a 53.5% increase in third quarter net income from a year earlier to $US1.83 billion, lifted by a strong showing from its property and casualty arm...
01 November 2021
Lloyd’s has joined the Net-Zero Insurance Alliance ahead of the COP26 summit in Glasgow and will transition its Central Fund, which has net assets of £3 billion, to net zero by 2050 by redirecting capital flows to green investments, and publish a detailed roadmap to achieve this goal within the coming year...