Lloyd’s cuts losses as turnaround plan kicks in
01 April 2019
Lloyd’s maintains things are looking up despite the market posting losses for the second consecutive year…
International
Key design flaw flagged as UK car thefts surge
01 April 2019
A security weakness in some keyless entry systems has partly driven record payouts for car thefts in the UK, insurers say…
RIMS invites insurtechs to make a pitch
01 April 2019
The Risk and Insurance Management Society will hold its first insurtech competition…
Automation leaves power grids vulnerable: Guy Carpenter
25 March 2019
Cyber attacks on electricity infrastructure are occurring more frequently but are not being reported, according to Guy Carpenter…
Munich Re expects profit gains
25 March 2019
Munich Re estimates net profit this year will increase by €200 million to €2.5 billion…
Ethiopian plane crash payouts may top $140 million
25 March 2019
Claims arising from the Ethiopian Airlines Boeing 737 MAX 8 plane crash earlier this month could exceed $US100 million, according to Aon…
Talanx loss burden tops budget despite drop
25 March 2019
German insurer Talanx’s large losses declined 25% last year to €1.2 billion, but they still exceeded its anticipated budget of €1.1 billion…
Lloyd’s sets Dive In dates
25 March 2019
Lloyd’s will hold its annual diversity and inclusion festival from September 24-26…
Brexit extension ‘must not be wasted’
18 March 2019
The UK Parliament’s decision to seek a Brexit extension presents an opportunity that “must not be wasted” to reach a deal, the Association of British Insurers says…
Rare ‘bomb’ storm blasts US Midwest
18 March 2019
The “bomb cyclone” that hit the US Midwest last week is the northern winter’s biggest insurance event, the Insurance Information Institute says…
New terror threats put more UK businesses in firing line
18 March 2019
Evolving terrorist methods are exposing more businesses to economic loss, according to UK reinsurer Pool Re…
Insurers monitor Boeing crash probe
18 March 2019
Insurers could face large claims related to the Ethiopian Airlines crash this month, which reportedly bears a striking resemblance to another deadly accident involving the same aircraft model…
Insurtech recovery helps Charles Taylor profit
18 March 2019
Professional services provider Charles Taylor recorded a $25 million profit last year, up $4.7 million on 2017…
Broker hits revenue milestone
18 March 2019
Specialist (re)insurance broker BMS recorded revenue growth of 25% last year, helping it break the £100 million barrier for the first time…
Brexit vote: insurers warn against ‘no deal’
11 March 2019
A “no deal” Brexit would be an “unforgivable act of economic and social self-harm”, says the Association of British Insurers…
Aon steps away from Willis Towers Watson bid
11 March 2019
Aon has dropped any near-term plans to make an offer for rival Willis Towers Watson, while leaving the door open for a future move…
Swiss Re flags surge in emerging markets
11 March 2019
Emerging market insurance premium will more than double over the next decade, according to a Swiss Re Sigma report…
Storms take heavy toll on Americas
11 March 2019
Severe winter weather in central and eastern US caused hundreds of millions of dollars in damage last month, according to Impact Forecasting’s latest global catastrophe report…
Insurtech investments soar
11 March 2019
Some 63 insurtech deals were announced in the fourth quarter of last year, totalling $US1.59 billion ($2.26 billion), according to Willis Towers Watson…
Lower losses drive US profit rise
11 March 2019
US property and casualty insurers achieved a 22% rise in aggregate net income to $US18.5 billion ($26.3 billion) last year, Moody’s Investors Service says…