insuranceNEWS.com.au - InternationalGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auSwiss Re expects discipline on risk balancehttps://www.insurancenews.com.au/international/swiss-re-expects-discipline-on-risk-balancehttps://www.insurancenews.com.au/international/swiss-re-expects-discipline-on-risk-balance<p>Reinsurers are unlikely to shift ground on the share of high-frequency natural catastrophe risks they are willing to pick up, according to Swiss Re executive Urs Baertschi...</p>Mon, 15 Sep 2025 04:08:16 GMTChemical, nuclear attack danger ‘on the rise’https://www.insurancenews.com.au/international/chemical-nuclear-attack-danger-on-the-risehttps://www.insurancenews.com.au/international/chemical-nuclear-attack-danger-on-the-rise<p>The threat of chemical, biological, radiological and nuclear terrorism is increasing and would cause major uninsured losses, a report warns...</p>Mon, 15 Sep 2025 04:08:03 GMTTariff headwinds to rock cargo coverhttps://www.insurancenews.com.au/international/tariff-headwinds-to-rock-cargo-coverhttps://www.insurancenews.com.au/international/tariff-headwinds-to-rock-cargo-cover<p>Tariff impacts could reshape the cargo insurance market, an annual marine industry conference has heard...</p>Mon, 15 Sep 2025 04:07:55 GMTUK customer satisfaction growshttps://www.insurancenews.com.au/international/uk-customer-satisfaction-growshttps://www.insurancenews.com.au/international/uk-customer-satisfaction-grows<p>British consumers&rsquo; perception of insurers has improved, according to the Chartered Insurance Institute...</p>Mon, 15 Sep 2025 04:07:27 GMTPrice drops a cause for concern: Lloyd’shttps://www.insurancenews.com.au/international/some-price-drops-concerning-lloyd-shttps://www.insurancenews.com.au/international/some-price-drops-concerning-lloyd-s<p>Lloyd&rsquo;s has warned premiums in some lines are dropping at a &ldquo;concerning rate&rdquo; after first-half underwriting profit crashed 51.6% to &euro;1.5 billion ($3.09 billion)...</p>Mon, 08 Sep 2025 03:40:47 GMTMoody’s, Fitch cut reinsurance outlookshttps://www.insurancenews.com.au/international/moody-s-fitch-cut-reinsurance-outlookshttps://www.insurancenews.com.au/international/moody-s-fitch-cut-reinsurance-outlooks<p>Ratings agencies Moody&rsquo;s and Fitch have lowered their global reinsurance sector outlooks as pricing eases in property following gains in recent years...</p>Mon, 08 Sep 2025 03:39:05 GMTReinsurance capital rises amid strong profitshttps://www.insurancenews.com.au/international/reinsurance-capital-rises-amid-strong-profitshttps://www.insurancenews.com.au/international/reinsurance-capital-rises-amid-strong-profits<p>Global reinsurance dedicated capital totalled $US805 billion ($1.23 trillion) at the half-year mark, up 4.8% from the end of December, a Gallagher Re report says...</p>Mon, 08 Sep 2025 03:38:53 GMTDescartes recruits Allianz exec for CFO rolehttps://www.insurancenews.com.au/international/descartes-recruits-allianz-exec-for-cfo-rolehttps://www.insurancenews.com.au/international/descartes-recruits-allianz-exec-for-cfo-role<p>Parametric cover specialist Descartes Underwriting has made Sebastien Bardy its CFO...</p>Mon, 08 Sep 2025 03:38:38 GMTShifting casualty market demands ‘advanced solutions’https://www.insurancenews.com.au/international/shifting-casualty-market-demands-advanced-solutionshttps://www.insurancenews.com.au/international/shifting-casualty-market-demands-advanced-solutions<p>Casualty insurers face a &ldquo;new era&rdquo; of risk, with complex mass litigation and long-tail threats shaping as significant drivers of loss, according to Aon and Moody&rsquo;s...</p>Mon, 08 Sep 2025 02:22:41 GMTSompo to buy Aspen for $5 billionhttps://www.insurancenews.com.au/international/sompo-to-buy-aspen-for-5-billionhttps://www.insurancenews.com.au/international/sompo-to-buy-aspen-for-5-billion<p>Tokyo-based Sompo will acquire specialty insurer and reinsurer Aspen for $US3.5 billion ($5.4 billion), adding diversification and global scale...</p>Mon, 01 Sep 2025 04:35:43 GMTCat bonds drive ILS market to ‘dynamic’ yearhttps://www.insurancenews.com.au/international/cat-bonds-drive-ils-market-to-dynamic-yearhttps://www.insurancenews.com.au/international/cat-bonds-drive-ils-market-to-dynamic-year<p>Catastrophe bond issuance exceeded $US21 billion ($32.1 billion) in the year to June as the broader insurance-linked securities market had its most &ldquo;active and dynamic&rdquo; period, Aon says...</p>Mon, 01 Sep 2025 04:35:32 GMTUK weighs ransomware payments banhttps://www.insurancenews.com.au/international/uk-weighs-ransomware-payments-banhttps://www.insurancenews.com.au/international/uk-weighs-ransomware-payments-ban<p>The British government has proposed a ban on ransomware payments by public sector bodies, a broader payment prevention regime, and a new incident reporting regime...</p>Mon, 01 Sep 2025 04:35:12 GMTAon identifies best ways to ride the cyclehttps://www.insurancenews.com.au/international/aon-identifies-best-ways-to-ride-the-cyclehttps://www.insurancenews.com.au/international/aon-identifies-best-ways-to-ride-the-cycle<p>Aon has outlined ways for insurers to achieve top performance across market cycles after identifying traits shown by the most successful companies...</p>Mon, 01 Sep 2025 04:34:59 GMTModeller flags $100 billion hurricane riskhttps://www.insurancenews.com.au/international/modeller-flags-100-billion-hurricane-riskhttps://www.insurancenews.com.au/international/modeller-flags-100-billion-hurricane-risk<p>A major hurricane in a large US city could cause a $US100 billion ($155 billion) insured loss, and such an event is likely due to increased coastal exposures, according to risk modeller Karen Clark &amp; Co...</p>Mon, 25 Aug 2025 04:17:16 GMTRising reinsurance capital bolsters resiliencehttps://www.insurancenews.com.au/international/rising-reinsurance-capital-bolsters-resiliencehttps://www.insurancenews.com.au/international/rising-reinsurance-capital-bolsters-resilience<p>The reinsurance market is well positioned to absorb reasonable losses, with dedicated capital projected to increase this year in a continuation of recent trends, AM Best says...</p>Mon, 25 Aug 2025 04:17:05 GMTStrong capacity lifts aviation markethttps://www.insurancenews.com.au/international/strong-capacity-lifts-aviation-markethttps://www.insurancenews.com.au/international/strong-capacity-lifts-aviation-market<p>The outlook for aviation insurance remains positive, a Marsh mid-year update says...</p>Mon, 25 Aug 2025 04:16:41 GMTAIG recruits digital chiefhttps://www.insurancenews.com.au/international/aig-recruits-digital-chiefhttps://www.insurancenews.com.au/international/aig-recruits-digital-chief<p>AIG says Scott Hallworth will join as chief digital officer next Monday...</p>Mon, 25 Aug 2025 04:16:18 GMTLower disaster claims lift Swiss Re profithttps://www.insurancenews.com.au/international/lower-disaster-claims-lift-swiss-re-profithttps://www.insurancenews.com.au/international/lower-disaster-claims-lift-swiss-re-profit<p>Swiss Re has attributed a 24% increase in first-half profit to healthy underwriting margins and a solid investment result...</p>Mon, 18 Aug 2025 04:38:17 GMTBritish car premiums fall as claim costs surgehttps://www.insurancenews.com.au/international/british-car-premiums-fall-as-claim-costs-surgehttps://www.insurancenews.com.au/international/british-car-premiums-fall-as-claim-costs-surge<p>UK motor premiums dropped by &pound;60 ($125) on average over the past year despite record costs for car claims, according to the Association of British Insurers...</p>Mon, 18 Aug 2025 04:38:09 GMTRussian quake signalled by earlier eventshttps://www.insurancenews.com.au/international/russian-quake-signalled-by-earlier-eventshttps://www.insurancenews.com.au/international/russian-quake-signalled-by-earlier-events<p>The Kamchatka earthquake, the sixth-largest recorded by modern seismographs over the past century, followed a foreshock 10 days earlier, Risk Frontiers says in a report on whether the event was foreseeable...</p>Mon, 18 Aug 2025 04:38:00 GMT