09 November 2020
Hurricane Zeta insurance losses may reach $US1.5-3.5 billion after it last month set a record for the number of named storm to make US landfall in a season, catastrophe modelling firm AIR Worldwide says...
09 November 2020
Munich Re’s property & casualty reinsurance unit posted an underwriting loss in the third quarter as losses related to COVID-19 hit €800 million and seasonal natural catastrophes struck...
09 November 2020
Marsh’s Asia Pacific operations achieved underlying revenue growth of 4% to $US254 million in the September quarter...
09 November 2020
Berkshire Hathaway has warned its insurance arm could be further impacted from the economic fallout of COVID-19 after the division sank into a net underwriting loss of $US213 million in the third quarter...
09 November 2020
Willis Towers Watson has warned the economic fallout from the pandemic will remain an indefinite drag on revenue as its risk and broking businesses posted muted earnings for the third quarter to September...
09 November 2020
UK insurance firms must complete reviews by early next month detailing the value of their products in light of the impacts of the coronavirus pandemic, the Financial Conduct Authority says...
02 November 2020
The Geneva Association, an international group with members in 25 countries, says “unambiguous” research findings show property and casualty insurance is not the right vehicle for shouldering losses from the COVID-19 pandemic...
02 November 2020
Property and casualty insurers in the US remained profitable in the first half even as 26% was sliced from their net income...
02 November 2020
AIG has appointed Peter Zaffino to the role of Global CEO, effective from March...
02 November 2020
Swiss Re’s property and casualty reinsurance arm swung into a loss of $US201 million in the nine months to September, as earnings copped a severe blow from COVID-19, the Beirut port blast and natural disasters...
02 November 2020
Global broker Aon has recorded a 24% rise in third-quarter net income to $US275 million from $US222 million a year earlier, aided by increased revenues and a decline in expenses...
02 November 2020
Chubb has posted a 26.6% decline in its third quarter core operating income to $US907 million after a sharp rise in catastrophe losses dented earnings...
02 November 2020
Hong Kong-based global reinsurer Peak Re says policy wordings in the Asia-Pacific region have been clearer on pandemic wordings due to more experience with contagious diseases...
02 November 2020
Swiss Re is making its data and analytics platform Risk Resilience Centre available to a global coalition that has been formed to better predict and prevent pandemics...
26 October 2020
Rates globally for insurance covers are set to harden further in the coming months as reinsurers look to adjust prices upwards to shore up earnings, Munich Re has predicted...
26 October 2020
Nearly $US8.5 billion in premiums have been returned to US property and casualty policyholders in the six months to June 30 because of COVID-19, according to a report by AM Best...
26 October 2020
Axa XL has announced it will no longer write management liability or financial institutions business in the London market...
26 October 2020
Munich Re has booked €800 million in pandemic-related reinsurance losses for the third quarter to September...
26 October 2020
Allianz and Axa have achieved top 50 placements in Interbrand’s latest global brand rankings for the second consecutive year, appearing alongside such brands as Apple, Amazon and Microsoft...
19 October 2020
The value of global insurance premium stood at an all-time high of $US5.6 trillion at the end of last year after annual growth of 3.2%, Aon’s latest Insurance Risk Study says...