21 March 2022
Broker WTW will withdraw from all of its businesses in Russia, taking similar action as Marsh McLennan in responding to Moscow’s invasion of Ukraine, while major insurers have also responded to the escalating crisis...
21 March 2022
Windstorm Nadia, which swept across Scotland, Northern Europe and Germany in January, has caused insurance property losses of €272 million based on an initial estimate, Zurich-based catastrophe data company Perils says...
21 March 2022
Swiss Re will take action on board-level gender diversity and potential age discrimination at its annual general meeting (AGM) next month...
14 March 2022
Marsh McLennan has announced the business will pull out from Russia over Moscow’s “unprovoked” invasion of Ukraine while Aon is suspending its operations there for now...
14 March 2022
Cyber insurance is the crucial risk-management tool as cyberattacks on businesses and government agencies – and the likelihood of spillover attacks against non-primary targets – increase following the Russian invasion of Ukraine, Fitch says...
14 March 2022
US auto insurers are likely to raise premiums further to cover for rising inflation and worsening claims losses as pandemic curbs ease across the country, according to the Insurance Information Institute in New York...
14 March 2022
Catastrophe modeller RMS has expanded its suite of climate change models, enabling customers to assess a wider range of perils and regions...
14 March 2022
Axa XL has appointed Nancy Bewlay as CEO Reinsurance with immediate effect...
07 March 2022
S&P and AM Best have adjusted the credit ratings of Russian insurers due to increased geopolitical and economic risks after the invasion of Ukraine...
07 March 2022
The UK Government says Russian aviation companies are banned from accessing Lloyd’s and the London Market, as sanctions following the invasion of Ukraine ramp up...
07 March 2022
UK Financial Conduct Authority (FCA) rules to tackle “price walking” practices disadvantaging loyal customers have instigated the biggest one-month jump in home and motor insurance premiums in more than eight years, data analytics firm Consumer Intelligence says...
07 March 2022
AIG has, with immediate effect, committed to no longer invest in or provide insurance for construction of any new coal-fired power plants, thermal coal mines or oil sands...
07 March 2022
Lloyd’s has appointed Des Potter as Special Adviser to Lloyd’s CFO and COO Burkhard Keese and Sara Gomez as Chief People Officer...
28 February 2022
Russia’s invasion of Ukraine may have a substantial impact on global insurers, pressuring balance sheets, adding to inflationary pressures and affecting underwriters of large energy and infrastructure risks and reinsurers, ratings agency AM Best says...
28 February 2022
Swiss Re says its Property and Casualty Reinsurance business improved markedly last year despite huge natural catastrophe losses of $US2.1 billion...
28 February 2022
Munich Re says the business performed ahead of expectations last year, underpinned in part by an 8.5% rise in gross premiums written to a record €59.57 billion from 2020...
28 February 2022
Axa says its property and casualty business achieved better financial results last year, supported partly by favourable commercial lines pricing momentum...
28 February 2022
Insured losses from windstorms Eunice and Dudley which struck Europe in quick succession over three days earlier this month will likely come in at €3-4.5 billion, RMS estimates, pushed as much as 15% above modelled results by a sharp increase in the cost of construction last year...
21 February 2022
Allianz says its Australia property and casualty business more than doubled its operating profit last year to €307 million from €128 million in 2020...
21 February 2022
AIG says its general insurance arm performed strongly in the fourth quarter, lifting overall net income for the three months to December and last year to $US3.74 billion and $US9.36 billion...