insuranceNEWS.com.au - InternationalGeneral insurance and financial services news from Australia and around the worldhttps://www.insurancenews.com.au/en-auLloyd’s warns rates easing fast after ‘brutal’ Q1https://www.insurancenews.com.au/international/lloyd-s-warns-rates-easing-fast-after-brutal-q1https://www.insurancenews.com.au/international/lloyd-s-warns-rates-easing-fast-after-brutal-q1<p>Lloyd&rsquo;s chief of performance and strategy Rachel Turk has called for discipline and a focus on premium adequacy as rate drops accelerate...</p>Mon, 18 May 2026 04:41:49 GMTAllianz reports record first-quarter P&C profithttps://www.insurancenews.com.au/international/allianz-reports-record-first-quarter-p-and-c-profithttps://www.insurancenews.com.au/international/allianz-reports-record-first-quarter-p-and-c-profit<p>Allianz delivered a 6.6% increase in profit to &euro;4.5 billion ($7.27 billion) in the first quarter, driven by strong results in property and casualty and its asset management division...</p>Mon, 18 May 2026 04:41:41 GMTAlternative reinsurance capital here to stayhttps://www.insurancenews.com.au/international/alternative-reinsurance-capital-here-to-stayhttps://www.insurancenews.com.au/international/alternative-reinsurance-capital-here-to-stay<p>Alternative capital sources such as catastrophe bonds and sidecars are reshaping global reinsurance and now account for almost 20% of the market, according to Guy Carpenter...</p>Mon, 18 May 2026 04:41:33 GMTZurich reports strong start to yearhttps://www.insurancenews.com.au/international/zurich-reports-strong-start-to-yearhttps://www.insurancenews.com.au/international/zurich-reports-strong-start-to-year<p>Zurich&rsquo;s gross written premium from property and casualty business rose 17% in the first quarter to $US15.6 billion ($21.5 billion)...</p>Mon, 18 May 2026 04:41:26 GMTTalanx secures record profit as cat losses drophttps://www.insurancenews.com.au/international/talanx-secures-record-profit-as-cat-losses-drophttps://www.insurancenews.com.au/international/talanx-secures-record-profit-as-cat-losses-drop<p>Talanx made a record quarterly net income of &euro;774 million ($1.25 billion) in the three months to March, up 28% year on year...</p>Mon, 18 May 2026 04:41:15 GMTNew Axa team focuses on threat preventionhttps://www.insurancenews.com.au/international/new-axa-team-focuses-on-threat-preventionhttps://www.insurancenews.com.au/international/new-axa-team-focuses-on-threat-prevention<p>Axa XL has launched a business unit for prevention services, led by global chief underwriting officer Libby Benet...</p>Mon, 18 May 2026 04:41:03 GMTMarket on the turn after record year for reinsurershttps://www.insurancenews.com.au/international/market-on-the-turn-after-record-year-for-reinsurershttps://www.insurancenews.com.au/international/market-on-the-turn-after-record-year-for-reinsurers<p>Reinsurers enjoyed record profitability last year, but the market is turning in favour of buyers, according to Gallagher Re...</p>Mon, 11 May 2026 04:07:14 GMTCredit ratings hold up under major catastrophe scenariohttps://www.insurancenews.com.au/international/credit-ratings-hold-up-under-major-catastrophe-scenariohttps://www.insurancenews.com.au/international/credit-ratings-hold-up-under-major-catastrophe-scenario<p>An S&amp;P Global Ratings stress test of global insurers and reinsurers has found most could probably withstand a one in 250-year climate disaster...</p>Mon, 11 May 2026 04:07:06 GMTIndustry backing AI but gains ‘remain incremental’https://www.insurancenews.com.au/international/industry-backing-ai-but-gains-remain-incrementalhttps://www.insurancenews.com.au/international/industry-backing-ai-but-gains-remain-incremental<p>A small minority of insurers with advanced AI capabilities are outperforming peers on revenue growth and share price performance, but potential advantages from the technology are mostly unrealised, Capgemini says...</p>Mon, 11 May 2026 04:06:32 GMTLow cat claims drive Swiss Re earningshttps://www.insurancenews.com.au/international/low-cat-claims-drive-swiss-re-earningshttps://www.insurancenews.com.au/international/low-cat-claims-drive-swiss-re-earnings<p>Swiss Re has reported a 19% rise in first-quarter net income to $US1.5 billion ($2.07 billion) and a 30% increase in underwriting profit to $US1.65 billion ($2.28 billion)...</p>Mon, 11 May 2026 04:06:21 GMTHowden Re tries to crack code on cyberhttps://www.insurancenews.com.au/international/howden-re-tries-to-crack-code-on-cyberhttps://www.insurancenews.com.au/international/howden-re-tries-to-crack-code-on-cyber<p>Cyber market growth drivers have not kicked in as expected and the space remains soft for a fourth year, according to a Howden Re report...</p>Mon, 11 May 2026 04:06:13 GMTBaltimore bridge losses climb towards $4 billionhttps://www.insurancenews.com.au/international/baltimore-bridge-losses-climb-towards-4-billionhttps://www.insurancenews.com.au/international/baltimore-bridge-losses-climb-towards-4-billion<p>Total insurance losses from the Baltimore bridge disaster are expected to exceed $US2.8 billion ($3.9 billion), reflecting a broader range of liabilities than initially anticipated, Howden Re says...</p>Mon, 04 May 2026 05:25:31 GMTAon finds ‘misalignment’ in AI use, worker skillshttps://www.insurancenews.com.au/international/aon-finds-misalignment-in-ai-use-workers-skillshttps://www.insurancenews.com.au/international/aon-finds-misalignment-in-ai-use-workers-skills<p>Businesses are introducing AI faster than they build the skills needed to make it effective, Aon warns...</p>Mon, 04 May 2026 04:22:30 GMTAIG looks to AI future as premium climbshttps://www.insurancenews.com.au/international/aig-looks-to-ai-future-as-premium-climbshttps://www.insurancenews.com.au/international/aig-looks-to-ai-future-as-premium-climbs<p>AIG&rsquo;s gross written premium grew 11% to $US10.01 billion ($15.02 billion) in the first quarter as general insurance underwriting income more than tripled compared with a year earlier to $US774 million ($1.16 billion)...</p>Mon, 04 May 2026 04:22:23 GMTCancelled holidays, sky-high fuel costs drag on airline businesshttps://www.insurancenews.com.au/international/cancelled-holidays-sky-high-fuel-costs-drag-on-airline-businesshttps://www.insurancenews.com.au/international/cancelled-holidays-sky-high-fuel-costs-drag-on-airline-business<p>Earned premium from airline insurance could fall this year as travellers cancel plans and carriers cut flights due to the war in the Middle East, according to WTW...</p>Mon, 04 May 2026 04:22:15 GMTAon off to ‘strong start’ as profit surgeshttps://www.insurancenews.com.au/international/aon-off-to-strong-start-as-profit-surgeshttps://www.insurancenews.com.au/international/aon-off-to-strong-start-as-profit-surges<p>Aon has posted a 26% rise in first-quarter net income to $US1.2 billion ($1.66 billion)...</p>Mon, 04 May 2026 04:22:14 GMTWorld volatility drags on WTW revenue gainhttps://www.insurancenews.com.au/international/world-volatility-drags-on-wtw-revenue-gainhttps://www.insurancenews.com.au/international/world-volatility-drags-on-wtw-revenue-gain<p>WTW CEO Carl Hess says a more challenging global market &ldquo;created near-term headwinds to organic growth&rdquo; in the first quarter as revenue rose only 3% to $US2.4 billion ($3.6 billion) &ndash; at the &ldquo;low end of our plan&rdquo;...</p>Mon, 04 May 2026 04:22:04 GMTTwin growth streams power Gallagher Q1 earningshttps://www.insurancenews.com.au/international/twin-growth-streams-power-gallagher-q1-earningshttps://www.insurancenews.com.au/international/twin-growth-streams-power-gallagher-q1-earnings<p>Gallagher has hailed its &ldquo;two-pronged revenue&rdquo; plan as key to its first-quarter performance...</p>Mon, 04 May 2026 04:21:55 GMTTalanx to exceed first-quarter forecastshttps://www.insurancenews.com.au/international/talanx-to-exceed-first-quarter-forecastshttps://www.insurancenews.com.au/international/talanx-to-exceed-first-quarter-forecasts<p>Talanx is on track to record a &euro;774 million ($1.27 billion) profit for the first quarter, up 28% on the same period last year and ahead of analysts&rsquo; forecasts...</p>Mon, 04 May 2026 04:21:07 GMTCFC adds risk analyst to bolster risk ‘feedback loop’https://www.insurancenews.com.au/international/cfc-adds-risk-analyst-to-bolster-risk-feedback-loophttps://www.insurancenews.com.au/international/cfc-adds-risk-analyst-to-bolster-risk-feedback-loop<p>Isabel Finn has been appointed head of cyber exposure and proactive risk at CFC...</p>Mon, 04 May 2026 04:20:57 GMT