Brexit, US-China spat threaten global economy: Marsh
04 March 2019
Businesses face an unprecedented “breadth of challenges” to their interests, broker Marsh warns in its annual Political Risk Map report…
International
Takeover costs dent JLT’s last result
04 March 2019
JLT’s profit fell last year amid costs related to the takeover by Marsh & McLennan, while the group’s trading result was lifted by its speciality division…
Storms, fires keep US insurers in deficit
04 March 2019
US property and casualty insurers are expected to record a $US12.1 billion underwriting loss for last year, AM Best says…
Hiscox triples profit amid pricing gains
04 March 2019
Specialty insurer Hiscox has posted strong results for last year and hopes to maintain the momentum as pricing conditions improve…
Guy Carpenter, Pool Re create UK terror bond
04 March 2019
Guy Carpenter Securities has issued the first terrorism catastrophe bond on behalf of British state-owned terrorism reinsurer Pool Re…
Insurers’ anti-coal drive fails to gain traction outside Europe
04 March 2019
European insurers’ withdrawal of investment and cover for coal projects is not being mirrored by counterparts elsewhere in the world, AM Best warns…
Buffett warns of inevitable mega-catastrophe
25 February 2019
A mega-catastrophe will bring “disastrous consequences beyond anything" the insurance industry has seen, Berkshire Hathaway Chairman Warren Buffett has warned…
Aspen opens ‘new chapter’ under Apollo
25 February 2019
Aspen Insurance Holdings has a new management team after its acquisition by Apollo Global Management…
CEOs more optimistic on digital change
25 February 2019
Insurance company leaders are now less apprehensive about digital transformation in the industry, according to a PwC global survey…
Swiss Re expects recent disasters to drive rate gains
25 February 2019
Swiss Re predicts renewal price gains last month will be followed by further increases due to large-scale natural catastrophes in the second half of last year…
Cat losses send Axa XL into the red
25 February 2019
Axa XL posted a €233 million underlying loss last year, dragged down by significant natural disaster claims…
Lloyd’s mourns ‘pioneering’ ex-chairman
25 February 2019
Former Lloyd’s chairman David Rowland has died aged 85…
‘No intrusive remedies’: UK wholesale broker probe ends
25 February 2019
Some UK wholesale insurance brokers use contracts to restrict market competition and do not properly manage conflicts of interest, an investigation has found…
Healthy balance sheets help offset Brexit risk: S&P
18 February 2019
Strong capital positions and risk management processes in most European insurers will help them withstand Brexit shocks or a wider economic downturn, S&P Global says…
Winter storms, floods devastate Americas
18 February 2019
Natural disasters in the Americas caused billions of dollars of economic losses and many deaths last month, according to Impact Forecasting’s regular catastrophe recap…
Axa XL cuts European jobs following merger
18 February 2019
Axa XL plans to cut 711 positions in Europe, representing about 7% of its global workforce, as it continues to rationalise teams following last year’s merger…
AIG climbs towards the black in Q4
18 February 2019
AIG recorded a fourth-quarter loss of $US622 million, improving on its $US6.7 billion deficit in the corresponding period of 2017…
Aon warns on threat of internal data breaches
18 February 2019
Employees remain among the most common causes of cyber-security breaches, business have been warned…
Lloyd’s recruits Allianz, QBE execs for key roles
11 February 2019
Lloyd’s has appointed Allianz executive Burkhard Keese as CFO and has named former QBE North America head David Duclos to an advisory role supporting international development…
Lower cat bill drives Munich Re earnings
11 February 2019
Munich Re made a net profit of €2.3 billion last year, up from €392 million in 2017 when earnings were squeezed by record hurricane losses…