Allianz, Axa make Interbrand’s list of top global brands
28 October 2019
Allianz and Axa have achieved top 50 placements in Interbrand’s latest global brand rankings, appearing alongside such lofty peers as Apple, Amazon and Google...
International
Japanese insurers riding out typhoons
21 October 2019
Typhoons Hagibis and Faxai, which lashed Japan this month and last respectively, are not expected to have a material impact on the capitalisation of the country’s three major insurers, according to AM Best...
PPI tops UK complaints list ahead of compensation deadline
21 October 2019
Payment protection insurance made up almost half of all complaints for regulated firms in the UK in the first half as consumers scrambled to meet a deadline for compensation...
Axis Capital quits coal, oil sands
21 October 2019
Specialty lines insurer Axis Capital will stop underwriting and investing in businesses involved with the coal and oil sands-related industries in January...
UK must avoid becoming EU "rule-taker" after Brexit: ABI
21 October 2019
Once it achieves a Brexit deal the UK will need to build a constructive future relationship with the European Union that gives it adequate decision-making power, The Association of British Insurers says...
Insurance costs to escalate again for Gulf region vessels
21 October 2019
Damage sustained by an Iranian oil tanker in October will drive insurers to further raise War Risk insurance rates for vessels operating in the Gulf region, adding to a tenfold increase since attacks on tankers in May, according to UK legal firm DWF...
Terror backstop loss would ripple across US economy: Marsh chief
21 October 2019
Failure to replace the US government backstop on terrorism insurance would adversely affect workers’ compensation policies and potentially ripple across the US economy, says John Doyle, President and CEO at Marsh...
Insurers brace for losses after Hagibis hits Japan
14 October 2019
Typhoon Hagibis brought torrential rainfall and flooding to Japan at the weekend, killing more than 30 people, washing away roads and flooding thousands of homes and businesses...
September ‘worst month’ for natural disasters
14 October 2019
Last month was the costliest for natural disasters, thanks to Hurricane Dorian and Typhoon Faxai, says Aon’s latest Global Catastrophe Recap report...
US enjoys reprieve with fewer wildfires
14 October 2019
The US wildfire season experienced below-average fire activity this year after abundant spring moisture and below-average temperatures across western states, although large fire potential is expected to persist in California until December...
Supply chain risks face ‘extreme protection gap’
14 October 2019
Risk assessment methods need to be overhauled to protect companies from global supply chain disruptions as virtual and physical interconnection increases, Lloyd’s and modelling firm Air Worldwide say...
Fewer insurance M&A deals reported
14 October 2019
Global insurance industry mergers and acquisition deals worth $US4.04 billion were announced in August, according to analyst GlobalData...
US personal lines rates keep on climbing
14 October 2019
Personal lines insurance in the US continued to record rate increases in the third quarter of 4.5%, insurance exchange MarketScout says...
Munich Re raises stake in US digital specialist
14 October 2019
Munich Re has spent $US250 million to take its stake in Californian start-up Next Insurance to 27.5%...
FCA considers 'dual pricing' ban
07 October 2019
The UK Financial Conduct Authority is considering banning what it calls “dual pricing” – where insurers charge loyal customers more than they charge new ones...
Lloyd's powers up data, technology overhaul
07 October 2019
Lloyd's has committed to the development of electronic platforms to handle complex and simple risks following consultation on a three-year strategy to set the market up for the future...
'Ambiguous' cyber wordings raise insurers' exposure
07 October 2019
Insurers could be responsible for cyber-related claims because of “ambiguous” policy wording in standard commercial products such as business interruption covers, according to GlobalData...
MS Amlin abandons insurance lines in search for profitability
07 October 2019
Global reinsurer MS Amlin will exit its business lines and aviation insurance as it seeks to redirect its underwriting resources towards more profitable areas...
Sectors silent on cyber strategies in face of high risks
07 October 2019
The different sectors at high risk of a cyber security breach vary greatly in their cyber disclosures, a Moody’s report says...
Lloyd's acts as survey exposes scale of sexual harassment
30 September 2019
Lloyd’s has announced a series of measures aimed at improving workplace behaviour after a culture survey it commissioned in May came back with shocking responses...