insuranceNEWS.com.au - International

AIG to pay Neal $4 million after job move collapses

Mon, 24 Nov 2025 03:43:55 GMT

AIG will pay John Neal $US2.7 million ($4.2 million) following a reversal of plans for him to become president from next month...

Swiss Re forecasts premium growth spurt

Mon, 24 Nov 2025 03:43:10 GMT

Global premium will grow by 2.3% in the next two years as the world economy enters an expansionary phase, Swiss Re Institute says...

US dodges hurricanes amid active season

Mon, 24 Nov 2025 03:42:47 GMT

The Atlantic hurricane season brought above-normal activity but was benign for the US as only one tropical storm crossed the continental coastline, experts at Colorado State University say...

UK industry on offensive as fraud costs climb

Mon, 24 Nov 2025 03:42:14 GMT

The Association of British Insurers says there will be “no let-up” in efforts to combat insurance fraud after it identified more than £1.16 billion ($2.35 billion) of false claims last year...

Marsh moves Asian leader to British CEO role

Mon, 24 Nov 2025 03:41:55 GMT

Marsh has appointed James Addington-Smith as UK CEO, beginning early next year...

Aon plots course for insurers to back green power

Mon, 24 Nov 2025 03:41:41 GMT

Aon has developed a seven-step “actionable pathway” for (re)insurers to increase their involvement in sustainable energy...

John Neal ‘no longer’ joining AIG

Mon, 17 Nov 2025 03:57:28 GMT

Former Lloyd’s and QBE CEO John Neal won’t become AIG president next month, the insurer said on Friday after announcing the appointment earlier this year...

Swiss Re on track for $7 billion profit this year

Mon, 17 Nov 2025 03:51:17 GMT

Swiss Re reported a profit of $US1.4 billion ($2.14 billion) in the third quarter and reaffirmed its guidance that full-year income will be above $US4.4 billion ($6.74 billion)...

Allianz ups earnings guidance

Mon, 17 Nov 2025 03:51:06 GMT

Allianz says its full-year operating profit may be as high as €17.5 billion...

Lloyd’s council vacancies filled after election

Mon, 17 Nov 2025 03:50:50 GMT

Lloyd’s has filled two vacancies on its council following elections described as “extremely competitive”...

Hurricane Melissa bill could top $7 billion

Mon, 10 Nov 2025 03:36:51 GMT

Private market insured losses from Hurricane Melissa could reach $US3 billion ($4.6 billion) to $US5 billion ($7.7 billion) after Jamaica was slammed by the “generational” storm, Moody’s RMS Event Response says...

AI threats in focus at Singapore reinsurance event

Mon, 10 Nov 2025 03:36:44 GMT

Singapore is developing supervisory guidelines for artificial intelligence risk management, an international reinsurance conference was told last week...

Green transition reshapes energy risks: Swiss Re

Mon, 10 Nov 2025 03:36:29 GMT

Growing investment in green energy presents opportunities and complex challenges for insurers and reinsurers, Swiss Re says...

Competition, costs eating into premium growth: Deloitte

Mon, 10 Nov 2025 03:36:17 GMT

Global premium growth is expected to slow next year, while insurers face challenges from weather-related losses, rising legal risks and broker consolidation, a Deloitte report says...

IAIS warns on global protection gaps

Mon, 10 Nov 2025 03:36:05 GMT

The International Association of Insurance Supervisors has called for action to address gaps in natural catastrophe insurance coverage, warning of increased financial risks if the issue is not addressed...

Zurich sets GWP record

Mon, 10 Nov 2025 03:35:31 GMT

Zurich says its property and casualty unit delivered record results in the nine months to September as gross written premium grew 8% to a new high of $US38.9 billion ($59.9 billion)...

AIG hails Q3 insurance income jump

Mon, 10 Nov 2025 03:35:20 GMT

AIG has reported general insurance underwriting income of $US793 million ($1.2 billion) for the third quarter, up 81% on a year earlier...

Thinking robots ‘require human handlers’

Mon, 03 Nov 2025 04:19:54 GMT

Agentic AI that can “think” and act independently is already changing customer service in insurance by enabling real-time decision-making alongside human agents, analytics group GlobalData says...

Aon on target as Q3 revenue climbs

Mon, 03 Nov 2025 02:17:02 GMT

Aon is confident of meeting its full-year targets after revenue jumped 7% in the third quarter to $US4 billion ($6.12 billion)...

Zurich opens AI ‘moonshot factory’

Mon, 03 Nov 2025 01:37:07 GMT

Zurich has set up a research unit to examine the potential of AI and find ways it can enable scalable solutions to insurance challenges...