27 April 2020
The Risk and Insurance Management Society has written to the US Congress and the White House pressing for a Government backstop to ensure business interruption insurance cover is available during pandemics...
27 April 2020
London-based insurance leader Stephen Catlin and executives from Aon, Guy Carpenter, Willis Re and other companies have formed a steering group to examine ways for the UK insurance industry to respond to future pandemics...
27 April 2020
The profitability of leading global reinsurance carriers worsened in 2019, helped by an uptick in demand for cover and an easing in natural catastrophe losses, Aon’s latest Reinsurance Aggregate report says...
27 April 2020
Piracy incidents in the March quarter rose to 47 attacks from 38 a year earlier, according to the latest report from the International Maritime Bureau...
27 April 2020
A strategic review has resulted in Axa XL creating a single global insurance Underwriting Function and three geographical business units...
27 April 2020
Chubb has warned its future earnings would take an indefinite hit, as the COVID-19 pandemic drags the global economy into its worst slump since the 2008 financial crisis...
27 April 2020
German insurer Talanx has withdrawn the 2020 profit guidance it gave just a month ago, citing “considerable uncertainty around how the economic and capital markets environment will develop” due to the ongoing coronavirus pandemic...
27 April 2020
Fitch has affirmed the Insurer Financial Strength ratings of FM Mutual and its affiliates at AA, which is defined as very strong, and the rating outlook is stable...
20 April 2020
Deadly tornadoes and severe storms that struck parts of the US in March caused billions of dollars in damage, Aon’s monthly Global Catastrophe Recap report says...
20 April 2020
Auto insurers in the US have voluntarily pledged more than $US10 billion to customers in the form of refunds or premium discounts...
20 April 2020
Pandemic insurance is poised to move from being a niche product to an essential one for sports and music organisers around the world, which will challenge insurers, London-based analytics company GlobalData says...
20 April 2020
A spate of dividend suspensions by insurers in response to the COVID-19 pandemic will not hurt their credit quality or ratings, S&P says...
20 April 2020
Swiss Re Group will donate CHF 5 million to support people affected by the COVID-19 pandemic around the world, particularly in developing countries...
20 April 2020
Climate change risk will have a "transformative effect" on the global energy sector, which is currently facing a number of short-term pressing issues including a collapse in demand amid the COVID-19 pandemic, according to a new update from Willis Towers Watson...
06 April 2020
Insurance companies and their representative organisations are working out ways to help their customers as communities around the world begin to experience the challenges of prolonged coronavirus control initiatives...
06 April 2020
The Association of British Insurers has suggested reinsurance pools like those used for terrorism and earthquake risks could be part of solutions for protecting against future pandemic risks...
06 April 2020
Chubb has committed $US10 million to pandemic relief efforts and has pledged not to retrench employees while the crisis is ongoing...
06 April 2020
Munich Re’s property and casualty arm has suffered a "considerable claims burden" in the first quarter because of the coronavirus pandemic, forcing the global reinsurer to withdraw its €2.8 billion profit guidance for this year...
06 April 2020
Reinsurance renewals in April were mostly fully placed before the impact of coronavirus escalated and without specific exclusionary language after buyers started negotiations well in advance, Willis Re says...
06 April 2020
Storms that swept through the UK in February have caused insurance property losses of £297 million, Swiss-based catastrophe data firm Perils says...