11 November 2019
AIG’s general insurance business improved in the third quarter and the company expects to deliver underwriting profitability for the full year, helped by lower catastrophe losses, revised underwriting and reinsurance practices and a crackdown on costs...
11 November 2019
Munich Re has affirmed its net income is on course to exceed €2.5 billion this year after the business performed above expectations in the third quarter...
11 November 2019
Berkshire Hathaway’s insurance arm made $US440 million in net underwriting profit in the third quarter, which was marginally weaker than the $US441 million achieved a year earlier...
04 November 2019
The California wildfires now burning across the state are a “new normal” that will require insurers to reconsider their risk assessment of the peril, according to AM Best...
04 November 2019
A new report backed by Lloyd’s shines a light on a large cyber insurance gap at major ports in the Asia-Pacific...
04 November 2019
Reinsurers in the Asia-Pacific region will find their “home-court advantage” eroded by the hard-to-predict nature of urbanisation and chaotic weather, bringing more complex pricing challenges, and the need for risk diversification, S&P warns...
04 November 2019
Swiss Re’s underwriting performance was affected by $US1.7 billion in large catastrophe claims in the first nine months of 2019, including from Hurricane Dorian and the compulsory liquidation of Thomas Cook in the third quarter...
04 November 2019
Chubb has posted an 11.4% decline in third quarter net profit to $US1.09 billion...
04 November 2019
Marsh & McLennan has posted a rise in third quarter net income to $US303 million from $US276 million a year earlier...
04 November 2019
Global broker Willis Towers Watson lifted its third-quarter net income by 70% to $US75 million as each of its four core business segments demonstrated healthy growth in revenue...
04 November 2019
The International Organisation for Standardisation has updated its international standard for implementing and maintaining a business continuity plan in the face of cyber attacks, natural disasters or supply chain issues...
04 November 2019
No new insurance-linked securities were issued in the third quarter of the year, Willis Re figures show...
28 October 2019
Global Property and Casualty business again produced an underwriting profit in 2018 with a combined ratio of 98.9%, up from 98.8% a year earlier, according to Aon’s Insurance Risk Study...
28 October 2019
Insured losses in Japan from Typhoon Hagibis could reach $US8-16 billion, catastrophe modeller Air Worldwide estimates...
28 October 2019
Nearly 200,000 Californian residents have been evacuated as the ongoing wildfires continue to tear through the state, burning thousands of hectares of land and destroying hundreds of structures including homes...
28 October 2019
Insurers who have lagged in adopting technology in the past have the opportunity to step up by embracing the fourth industrial revolution, Lloyd’s Director of Performance Management Jon Hancock says...
28 October 2019
Rates are expected to again rise at the January and April renewal seasons, according to AM Best...
28 October 2019
Insurtech deal activity is on track to outpace last year, driven by a growing health insurance industry in China, where 13% of global insurtech deals originated in the third quarter...
28 October 2019
AIG is seeking approval for a new syndicate at Lloyd’s to serve the specialist US high net worth market, writing up to $US1 billion in gross written premiums...
28 October 2019
Aon has created a new business unit to better leverage the US regional insurer market, which writes more than $US115 billion in direct gross written premium a year...