Lloyd’s recruits new HR leader
11 November 2024
Lloyd’s has appointed Nathan Adams as chief people officer, effective from early next year...
International
US storms, hail dent AIG quarterly result
11 November 2024
AIG’s third-quarter net income fell 77% to $US459 million ($711.45 million), partly due to the sale of Corebridge to Nippon Life...
‘Decisive action’: Swiss Re strengthens US liability reserves
11 November 2024
Swiss Re says it acted to strengthen its US property and casualty liability reserves in the third quarter after a “comprehensive” review...
Pacific Islands renew disaster cover
11 November 2024
WTW and the Pacific Catastrophe Risk Insurance Company have renewed a portfolio of policies and associated reinsurance designed for Pacific nations...
Spain’s deadly floods tipped to cost billions
04 November 2024
Major floods across eastern and southern Spain are expected to be among the country’s costliest insurance events, with initial estimates well above €1 billion ($1.65 billion)...
Natural peril bill on track to exceed 2023 figure
04 November 2024
Global natural catastrophe insured losses passed $102 billion ($153 billion) in the first nine months of the year as the US clocked up 26 billion-dollar events, according to Aon...
Chubb Q3 earnings rise despite cat losses
04 November 2024
Chubb’s property and casualty business posted stronger third-quarter earnings as increased premiums cushioned the impact of higher catastrophe losses...
Marsh hails ‘milestone’ quarter as market turns for clients
04 November 2024
Marsh McLennan says third-quarter consolidated revenue rose 6% to $US5.7 billion ($8.64 billion) and operating income grew 11% to $US1.1 billion ($1.67 billion)...
Industry, government form charter to tackle ‘appalling’ fraud
28 October 2024
The UK's Joint Fraud Taskforce has collaborated with the insurance industry to crack down on fake claims and scammers...
Bullying, harassment, discrimination allegations jump in UK
28 October 2024
The UK’s Financial Conduct Authority says allegations of workplace bullying, sexual harassment and discrimination are on the rise...
Natural catastrophes hit Munich Re Q3 result
28 October 2024
Munich Re has reported a third-quarter result well below financial analyst expectations following losses from natural catastrophes including Hurricane Helene...
Aon commercial, reinsurance revenues rise in Q3
28 October 2024
Broker Aon’s key commercial risk and reinsurance businesses recorded stronger results in the third quarter...
Reinsurer ‘won’t be challenged’ on risk balance amid cat losses
28 October 2024
Natural catastrophe loss trends in Europe have reinforced the need to maintain the risk balance reset achieved at renewals in the past two years, a Munich Re senior executive has said...
Cost of dual hurricanes could pass $81 billion: Moody’s RMS
21 October 2024
Moody’s RMS estimates the combined insurance cost of hurricanes Helene and Milton will range between $US35 billion ($52.13 billion) and $US55 billion ($81.92 billion)...
Premium finance, motor cover costs face scrutiny
21 October 2024
The British government and the country’s Financial Conduct Authority have launched a review to address car insurance affordability concerns...
Flood-threatened US community pilots parametric project
21 October 2024
A California town that lies on a floodplain is participating in a parametric insurance pilot project funded through a two-year $US200,000 ($299,000) grant...
Howden report backs climate-friendly insurance model
21 October 2024
The insurance industry is well positioned to advance and deliver investment into “nature-based” solutions, according to a report from Howden and climate change advisory group Pollination...
Allianz climbs global brand rankings
21 October 2024
Allianz has been dubbed a “fastest riser” after cracking the top 30 in a list of the 100 most valuable brands in the world, while Axa has retained its top-50 spot...
Milton losses could hit $74 billion: Fitch
14 October 2024
Hurricane Milton insured losses are estimated at $US30-$US50 billion ($44-$74 billion), with the ultimate cost depending on repair supply constraints as the US southeast also recovers from Helene’s impact two weeks earlier, Fitch Ratings says...
US rates poised for further rises after Helene, Milton
14 October 2024
US commercial and personal lines rates increased in the third quarter and are expected to rise further over the next few months to price in the impact of hurricanes Helene and Milton, MarketScout says...