07 June 2021
Reinsurance broker Guy Carpenter has released its annual cyclone briefing for the Western North Pacific region, predicting the area can expect a “very active” storm season...
07 June 2021
Europe’s mutual sector has demonstrated the sustainability of its model amid an increasingly challenging operating environment, according to a new report from AM Best...
07 June 2021
Small businesses in the UK are borrowing more to pay for business insurance, premium funding company Premium Credit says...
31 May 2021
UK insurers will be banned from penalising loyal home and motor customers through their pricing practices in measures the regulator estimates will save consumers £4.2 billion over 10 years...
31 May 2021
The organisers of Dive In, the insurance industry’s long-running festival for diversity and inclusion, are planning a hybrid format combining both virtual and physical events this year, to be held September 21-23 across the world...
31 May 2021
Florida insurer profitability has continued to decline despite no hurricanes making landfall in the state during the past two years, and with a more active season looming, AM Best says...
31 May 2021
An S&P Global Ratings report has outlined the financial hit from COVID-19 on the industry, saying the pandemic led to an $US8 billion fall in net income last year for the 16 multiline insurers that it tracks...
31 May 2021
Insurance ranks highest for having a sustainable information technology strategy with well-defined goals and target timelines, new research shows...
24 May 2021
A new report from UK professional body the Chartered Insurance Institute says brokers should refocus on building trust with their customers, particularly SME clients...
24 May 2021
The pandemic has triggered calls to consider mandatory income protection insurance for disability and unemployment in some countries, research by Zurich and the University of Oxford says...
24 May 2021
Lloyd’s has appointed Bob James to the role of Market Transformation Director to manage engagement and drive uptake of the Future at Lloyd’s products and services...
24 May 2021
The Association of British Insurers is undertaking a full recruitment process to appoint a new Director General after Huw Evans announced he will depart in December...
24 May 2021
Atlanta-based claims management firm Crawford & Company has appointed board member Michelle Jarrard as its new non-executive chair, the first woman to occupy the role in the company’s 80-year history...
17 May 2021
Arthur J. Gallagher will pay $US3.57 billion for a suite of businesses including reinsurance broker Willis Re under a transaction arising from Aon’s moves to win European regulatory clearance for its merger with Willis Towers Watson...
17 May 2021
UK business interruption final claim settlements have climbed to £433.2 million, the Financial Conduct Authority says in its latest update following this year’s test case judgment...
17 May 2021
The Colonial Pipeline ransomware attack, which shut down 5500 miles of pipeline between Texas and New Jersey, has underscored for insurers the significant risks inherent in this line of business, AM Best says...
17 May 2021
Zurich’s Property & Casualty gross written premiums jumped 9% to $US11.03 billion in the first quarter, driven by further improvement in pricing and strong growth in commercial insurance...
17 May 2021
The US insurance industry expects a multi-billion-dollar bill for thunderstorm-related claims payouts after hail the size of baseballs struck highly populated areas of Texas and Oklahoma last month...
17 May 2021
Human capital is a potential blind spot for firms failing to invest in their workforce in the wake of the COVID pandemic, Lloyd’s says, and insurance product designers should innovate to capture valuable new risk protection opportunities as work practices evolve...
10 May 2021
Munich Re has posted a rise in first quarter net profit of €589 from €221 million a year earlier, placing the business in position to meet its full-year earnings target of €2.8 billion..