insuranceNEWS.com.au - International

Sompo to buy Aspen for $5 billion

Mon, 01 Sep 2025 04:35:43 GMT

Tokyo-based Sompo will acquire specialty insurer and reinsurer Aspen for $US3.5 billion ($5.4 billion), adding diversification and global scale...

Cat bonds drive ILS market to ‘dynamic’ year

Mon, 01 Sep 2025 04:35:32 GMT

Catastrophe bond issuance exceeded $US21 billion ($32.1 billion) in the year to June as the broader insurance-linked securities market had its most “active and dynamic” period, Aon says...

UK weighs ransomware payments ban

Mon, 01 Sep 2025 04:35:12 GMT

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...

Aon identifies best ways to ride the cycle

Mon, 01 Sep 2025 04:34:59 GMT

Aon has outlined ways for insurers to achieve top performance across market cycles after identifying traits shown by the most successful companies...

Modeller flags $100 billion hurricane risk

Mon, 25 Aug 2025 04:17:16 GMT

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 & Co...

Rising reinsurance capital bolsters resilience

Mon, 25 Aug 2025 04:17:05 GMT

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...

Strong capacity lifts aviation market

Mon, 25 Aug 2025 04:16:41 GMT

The outlook for aviation insurance remains positive, a Marsh mid-year update says...

AIG recruits digital chief

Mon, 25 Aug 2025 04:16:18 GMT

AIG says Scott Hallworth will join as chief digital officer next Monday...

Lower disaster claims lift Swiss Re profit

Mon, 18 Aug 2025 04:38:17 GMT

Swiss Re has attributed a 24% increase in first-half profit to healthy underwriting margins and a solid investment result...

British car premiums fall as claim costs surge

Mon, 18 Aug 2025 04:38:09 GMT

UK motor premiums dropped by £60 ($125) on average over the past year despite record costs for car claims, according to the Association of British Insurers...

Russian quake signalled by earlier events

Mon, 18 Aug 2025 04:38:00 GMT

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...

Talanx raises annual income projection

Mon, 18 Aug 2025 04:37:40 GMT

Talanx Group, which includes HDI Global and Hannover Re, has raised its full-year outlook after a 26% increase in first-half earnings...

Warning of worse to come as fires drive first-half losses

Mon, 11 Aug 2025 04:34:36 GMT

Wildfires and thunderstorms in the US made the first half one of the worst on record for natural disaster insurance losses, according to Swiss Re...

Munich Re looks to build on Q2 earnings lift

Mon, 11 Aug 2025 04:34:25 GMT

Munich Re’s property and casualty reinsurance business made a net income of €1.19 billion ($2.1 billion) in the second quarter, up from €771 million ($1.38 billion) a year earlier...

P&C results boost Zurich

Mon, 11 Aug 2025 04:34:13 GMT

Zurich’s business operating profit increased 6% to $US4.2 billion ($6.1 billion) in the first half, including a stronger contribution from the property and casualty division...

Calgary hail bill climbs as claims near end

Mon, 11 Aug 2025 04:33:58 GMT

The Calgary hailstorm of August last year caused insured losses of $C3.29 billion ($3.68 billion), according to the latest estimate from Canadian data provider Catastrophe Indices and Quantification...

Canopius profit rises amid ‘disciplined approach’

Mon, 11 Aug 2025 04:33:32 GMT

UK-based Canopius says profit after tax increased 24% to $US222 million ($341 million) in the first half, as rising revenue offset an increase in catastrophe losses...

Fire-hit US dominates first-half cat losses

Mon, 04 Aug 2025 04:26:05 GMT

The Los Angeles wildfires and severe thunderstorms left the US with the largest share of global natural disaster losses in the first half...

Hydrogen boom to inflate market: Allianz

Mon, 04 Aug 2025 04:25:50 GMT

The global insurance market for hydrogen projects could be worth more than $US3 billion ($4.64 billion) by 2030 as demand for cleaner energy grows, according to Allianz Commercial...

Market remains rational, Gallagher says

Mon, 04 Aug 2025 04:25:31 GMT

Arthur J Gallagher’s revenue and earnings rose in the second quarter, lifted by existing businesses and as it completed nine mergers in the period...