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International

Marine cover aids Ukrainian grain exports 

26 February 2024

Insurance has contributed to much of the Ukrainian grain harvest being exported, helping to stabilise commodity prices as global marine insurers say they will continue to support trade in the Ukraine/Black Sea area and the Red Sea...

Swiss Re property and casualty arm lifts earnings 

19 February 2024

Swiss Re’s full-year net income rose sharply to $US3.2 billion ($4.8 billion) from $US472 million ($720 million) in 2022 as its property and casualty reinsurance business performed strongly...

Lloyd’s invests in two insurtechs 

19 February 2024

Lloyd’s has confirmed investments to help two Lloyd’s Lab alumni, Axio and REOR20, develop insurance solutions within the London market...

Cost of Turkey quakes tops $5 billion 

12 February 2024

Catastrophe data group Perils has released its fourth cost estimate for last February’s earthquakes in Turkey, with insured property losses amounting to 117 billion lira ($5.84 billion)...

Aon Q4 revenue rises as legal cost dents result 

12 February 2024

Broker Aon’s key businesses performed strongly in the fourth quarter but group net income fell due to higher expenses, including a $US197 million ($303 million) charge “in connection with certain accrued actual or anticipated legal settlement expenses”...

Japanese earthquake losses could hit $9 billion 

05 February 2024

Insured losses from the earthquake that shook Japan’s Noto Peninsula on New Year’s Day could reach ¥435- ¥870 billion, catastrophe risk modeller Moody’s RMS estimates...

Canada suffers fourth worst year of losses 

05 February 2024

Insured losses in Canada topped $C3.1 billion last year, making it the country’s fourth costliest year, according to Perils subsidy Catastrophe Indices and Quantification...

Munich Re sets higher profit target for 2024 

18 December 2023

Munich Re is aiming to achieve a full-year net profit of €5 billion in 2024, the reinsurer has announced, citing ongoing “favourable” market conditions. The business has a €4.5 billion guidance for this year and will release its results on February 27...