California fires dent Munich Re result
19 May 2025
Munich Re has posted a lower first-quarter property and casualty profit after major losses exceeded expectations...
International
British watchdog to ‘strip back’ rulebook
19 May 2025
The UK regulator has released plans to cut outdated or duplicated requirements from its insurance rulebook, in changes aimed at lowering costs while maintaining protections...
Value and engagement ‘key to attracting Gen Z consumers’
19 May 2025
Insurers must make policies easier to understand and add value and incentives to capture younger buyers, GlobalData says...
US fires singe Swiss Re P&C earnings
19 May 2025
Swiss Re says the California fires and other large catastrophes hit its property and casualty reinsurance results in the first quarter...
Aon climate tool adds high-res flood risk projections
19 May 2025
Quantification of flood and tropical cyclone threats has been added to Aon’s Climate Risk Monitor...
‘Iron grip’: next Lloyd’s chief outlines his market priorities
12 May 2025
Lloyd’s incoming CEO says he will “keep an iron grip on underwriting discipline”, spur innovation and foster an inclusive culture at the London market...
Zurich reports ‘robust’ Q1 growth
12 May 2025
Zurich’s property and casualty business posted higher earnings in the first quarter, lifted by rate increases across its commercial and retail operations...
US fire disaster dents Liberty profit
12 May 2025
Liberty Mutual Insurance’s net income fell 33% to $US1.03 billion ($1.61 billion) in the first quarter, driven by the record fires in California in January...
FM sets credit program at $1.5 billion
12 May 2025
Commercial property insurer FM will give $US1 billion ($1.55 billion) of credit to eligible mutual policyholders renewing over the next year from June 30...
‘The time has arrived’: 94-year-old Buffett to step down
05 May 2025
Berkshire Hathaway chairman and CEO Warren Buffett plans to retire from the top executive role at the end of the year...
Industry told to brace for surge in nat cat losses
05 May 2025
Swiss Re has warned of a “steep upward trajectory” in insured losses from natural catastrophes as exposure values rise due to urbanisation, inflation and climate change...
Institute urges hurricane readiness as above-average season looms
05 May 2025
Above-average Atlantic hurricane activity is forecast this year, and the US Insurance Information Institute is calling on property owners to prepare for the season...
Gang leaders jailed over $660k cash-for-crash fraud
05 May 2025
Leading members of an organised crime gang who defrauded British insurers by making false motor claims have been jailed...
Connected threats cause decision paralysis: Aon
05 May 2025
Four interlinked “megatrends” are driving complexity, volatility and uncertainty for businesses and society, Aon warns...
US fires and storms drive second highest Q1 loss: Aon
28 April 2025
Global insured losses from natural disasters were the second highest on record for the first quarter, according to Aon, with an estimated $US53 billion ($83.04 billion) paid out by insurers...
Extreme weather knowledge gap ‘threatens energy transition’
28 April 2025
Unmodelled extreme weather risks are a “defining challenge” for renewable energy markets, according to sector underwriter GCube Insurance...
Swiss Re names new CRO
28 April 2025
Bernhard Kaufmann has been appointed group chief risk officer at Swiss Re, replacing the retiring Patrick Raaflaub from October...
WTW cheers ‘solid’ 2025 start as profit rises
28 April 2025
Broker WTW says it has made a “solid” start to the year after earnings rose in the first quarter...
Chubb CEO raises US trade policy concerns
28 April 2025
Chubb’s first quarter net income fell 37.9% to $US1.3 billion ($2 billion) as the California wildfires raised catastrophe losses, while the company CEO has criticised “uncertainty and confusion” created by the US government’s approach to trade...
Marsh McLennan Q1 revenue passes $11 billion
28 April 2025
First-quarter revenue at Marsh McLennan rose 9% to $US7.1 billion ($11.1 billion)...