UK pet payouts reach record total
02 June 2025
Pet insurance payouts by members of the Association of British Insurers rose 4% to a record £1.23 billion ($2.36 billion) last year as vet fees increased sharply...
International
US tornado, hail costs to ‘reach into billions’
26 May 2025
Tornados and hail in the Ohio River Valley and Midwest this month may rank among the costliest severe weather events in US history, with total economic and insured losses likely to be billions of dollars, Aon says...
Howden flags opportunity for political risk underwriters
26 May 2025
Demand for political risk insurance has surged by one-third amid trade disruption and geopolitical and macroeconomic uncertainty, Howden says...
Marsh eyes booming data centre market
26 May 2025
Marsh has launched a risk management and insurance broking service for data centre operators...
HDI earnings rise despite large loss blowout
26 May 2025
HDI Global says it has made a promising start to the year, with first-quarter earnings up...
Next Lloyd’s boss threatens ‘blunt instruments’ in bid for discipline
19 May 2025
Lloyd’s chief of markets Patrick Tiernan has called for discipline as market conditions become more challenging and amid increasing examples of “egregious” trading behaviour...
Industry warned over cost of Trump tariff volatility
19 May 2025
Actuarial group Finity has urged Australian insurers to recognise long-term supply chain impacts and market challenges stemming from the changing global trade environment...
California fires dent Munich Re result
19 May 2025
Munich Re has posted a lower first-quarter property and casualty profit after major losses exceeded expectations...
British watchdog to ‘strip back’ rulebook
19 May 2025
The UK regulator has released plans to cut outdated or duplicated requirements from its insurance rulebook, in changes aimed at lowering costs while maintaining protections...
Value and engagement ‘key to attracting Gen Z consumers’
19 May 2025
Insurers must make policies easier to understand and add value and incentives to capture younger buyers, GlobalData says...
US fires singe Swiss Re P&C earnings
19 May 2025
Swiss Re says the California fires and other large catastrophes hit its property and casualty reinsurance results in the first quarter...
Aon climate tool adds high-res flood risk projections
19 May 2025
Quantification of flood and tropical cyclone threats has been added to Aon’s Climate Risk Monitor...
‘Iron grip’: next Lloyd’s chief outlines his market priorities
12 May 2025
Lloyd’s incoming CEO says he will “keep an iron grip on underwriting discipline”, spur innovation and foster an inclusive culture at the London market...
Zurich reports ‘robust’ Q1 growth
12 May 2025
Zurich’s property and casualty business posted higher earnings in the first quarter, lifted by rate increases across its commercial and retail operations...
US fire disaster dents Liberty profit
12 May 2025
Liberty Mutual Insurance’s net income fell 33% to $US1.03 billion ($1.61 billion) in the first quarter, driven by the record fires in California in January...
FM sets credit program at $1.5 billion
12 May 2025
Commercial property insurer FM will give $US1 billion ($1.55 billion) of credit to eligible mutual policyholders renewing over the next year from June 30...
‘The time has arrived’: 94-year-old Buffett to step down
05 May 2025
Berkshire Hathaway chairman and CEO Warren Buffett plans to retire from the top executive role at the end of the year...
Industry told to brace for surge in nat cat losses
05 May 2025
Swiss Re has warned of a “steep upward trajectory” in insured losses from natural catastrophes as exposure values rise due to urbanisation, inflation and climate change...
Institute urges hurricane readiness as above-average season looms
05 May 2025
Above-average Atlantic hurricane activity is forecast this year, and the US Insurance Information Institute is calling on property owners to prepare for the season...
Gang leaders jailed over $660k cash-for-crash fraud
05 May 2025
Leading members of an organised crime gang who defrauded British insurers by making false motor claims have been jailed...