Hurricane forecast worsens amid ‘hyperactive season’
15 July 2024
US hurricane researchers have slightly increased their storm activity forecast after previously warning of an above-average Atlantic season...
International
Cyber report warns on ‘devastating’ business email breaches
15 July 2024
Losses from malicious fraudulent emails that target human vulnerabilities rather than technical weaknesses are an often-overlooked threat, Guy Carpenter says...
Lloyd’s names diversity drive coalition members
15 July 2024
Eight companies will make up the Lloyd’s Inclusive Futures Coalition, which will promote opportunities for black and ethnically diverse graduates, and manage higher education bursaries and early-career and board talent pools...
Texas braces for impact as Beryl regains hurricane speeds
08 July 2024
Tropical Storm Beryl is expected to regain hurricane strength and generate a dangerous storm surge, flash flooding and strong wind as it crosses the Texas coastline...
SMEs acting ‘like it’s 1975’ as cyber threat grows
08 July 2024
Business assets are now almost exclusively intangible yet “most organisations continue to protect themselves the same way they did in 1975”, Coalition founder and CEO Josh Motta says...
US premiums accelerate in Q2
08 July 2024
US commercial and personal lines rates increased at a faster pace in the second quarter, according to MarketScout’s price tracker...
Personal lines drag US property and casualty to another loss
08 July 2024
US property and casualty underwriting losses topped $US20 billion for a second straight year as personal lines struggled, AM Best says.
Zurich buys AIG’s travel operations for $1 billion
01 July 2024
Zurich will acquire AIG’s global personal travel insurance and assistance business in a deal worth more than $US600 million ($1.04 billion)...
Mid-year reinsurance renewals point to ‘ongoing stability’
01 July 2024
Insurers have generally achieved positive mid-year reinsurance renewals in a more competitive marketplace, Aon says...
Hurricane Beryl sets record for early season strength
01 July 2024
Hurricane Beryl has reached category four strength at a record early date as it heads for the Caribbean Windward Islands...
AM Best rates global cyber insurance ‘stable’
01 July 2024
AM Best has assigned a stable outlook to the global cyber insurance segment, saying greater demand promises favorable intermediate-term growth...
Young professionals urged to take lead on 'chaotic' global challenges
01 July 2024
Marsh McLennan has held its two-day Rising Professionals’ Global Forum in London, presenting several speakers to an audience of more than 800 young industry workers...
Marsh’s North American clients suffer cyber extortion surge
24 June 2024
Cyber extortion demands and payments are on the rise, according to an analysis of more than 1800 cyber claims to Marsh in the US and Canada last year...
American lightning strike losses rise
24 June 2024
US insurers paid more than $US1.2 billion ($1.8 billion) for lightning-related damage to homes last year, according to the Insurance Information Institute...
Allianz Commercial names global cyber head
24 June 2024
Allianz Commercial global head of financial lines Vanessa Maxwell has taken on an additional role as global head of cyber, effective immediately...
Canopius recruits Axa veteran in global growth push
24 June 2024
Canopius Group has appointed Singapore-based Mark Houghton to the newly created role of global product leader specialty, effective from October...
Unlucky 13: Swiss Re names emerging risks
17 June 2024
The latest key risk trends have been identified in Swiss Re’s annual Sonar report...
US senators examine climate impacts on premiums
17 June 2024
A US Senate budget committee has held a hearing on climate change and insurance impacts amid concern over increasing home premiums...
Personal lines drive US insurers’ earnings recovery
17 June 2024
The US property and casualty industry made a net underwriting gain of $US9.3 billion ($13.9 billion) in the March quarter, rebounding from a year-earlier loss of $US8.5 billion ($12.7 billion), according to AM Best...
Economic risk dominates C-suite concerns
17 June 2024
Top executives fear economic risk most, with 82% highlighting threats posed by inflation, interest rates and currency volatility in a survey by global law firm Clyde & Co...