Chubb starts coal power phase-out
08 July 2019
Chubb will no longer underwrite new coal-fired plants or insure new risks for companies that generate more than 30% of revenue or energy production from coal...
International
Lloyd’s appoints COO, sets digital placement target
08 July 2019
Lloyd’s wants 70% of insurance risks to be placed through its electronic platform by the end of the year...
Non-business risks crucial to credit ratings
08 July 2019
Environmental, social and governance risks are becoming more significant in determining insurers’ credit ratings, Moody’s says...
Swiss Re fills top Asia reinsurance post
01 July 2019
Swiss Re has appointed Russell Higginbotham as Reinsurance Asia CEO and Regional President, effective from next week. He takes over from Jayne Plunkett...
Honan creates Asian operation role
01 July 2019
Honan Insurance has created a Director of Operations – Asia position to capitalise on growing demand...
Brexit costs sector $7 billion and counting
01 July 2019
Brexit has cost the British financial services sector £3.9 billion since the 2016 referendum, a new report reveals...
Zurich signs UN business pledge on climate
01 July 2019
Zurich says it is the first insurer to sign the UN Global Compact Business Ambition Pledge to reduce the impact of the climate crisis...
AIR Worldwide improves Europe, UK models
01 July 2019
Catastrophe risk modeller AIR Worldwide has expanded its inland flood model for central Europe to include Poland, and has updated storm surge calculations for Britain...
Cyber premium passes $US2 billion milestone
24 June 2019
Total cyber insurance primary premium grew 12.6% last year to $US2.03 billion, AM Best says...
Marsh warns against US terror backstop complacency
24 June 2019
Terrorism is an evolving and expanding risk and a government reinsurance backstop remains vital, Marsh & McLennan has warned US politicians...
‘Data surge’ will create industry skills gap: Lloyd’s
24 June 2019
The surge of data from emerging technologies will create a temporary skills gap in the insurance industry, Lloyd’s warns...
AIG combines reinsurance operations
24 June 2019
AIG has established a new arm to consolidate its “assumed reinsurance operations” into one global business...
Lloyd’s appoints strategic advisers
24 June 2019
Lloyd’s has set up global and London advisory committees to support its new strategy...
UK flood levees save $2 billion a year
17 June 2019
New modelling shows the UK’s inland flood defences save £1.1 billion in damage every year, the Association of British Insurers says...
Study shows US flood cover ‘disparity’
17 June 2019
About 47% of Americans say flood insurance is important, but only 17% have taken out such cover, a National Association of Insurance Commissioners survey has found...
Ex-spymaster plays down Brexit threat
17 June 2019
Brexit is a “sideshow” and will have minimal impact on the London insurance market, according to the former head of spy agency MI6...
Chubb demands action on ‘broken’ class action system
17 June 2019
Chubb is calling for US legal system reform after an explosion in “meritless” class actions instigated by lawyers chasing a fees windfall...
Growth in US cyber premium slows
17 June 2019
US cyber premium grew about 10% to $US2.03 billion last year, slowing compared with the previous two years when expansion exceeded 30%...
RIMS flags drop-off in hurricane numbers
17 June 2019
Early season analysis predicts below-average Atlantic hurricane activity this year thanks to the developing El Nino in the Southern Ocean, the Risk and Insurance Management Society says...
Reset or risks irrelevance, Lloyd’s chief warns
17 June 2019
Lloyd’s CEO John Neal warns the market risks sliding into irrelevance if it does not embrace the digital age...