insuranceNEWS.com.au - International

UK flood funds crucial in adapting to climate change: ABI

Mon, 23 Jun 2025 04:40:10 GMT

The UK government’s pledge to spend £7.9 billion ($16.46 billion) on flood defences over a decade has been welcomed by the Association of British Insurers...

Glacier collapse toll tops $600 million

Mon, 23 Jun 2025 04:39:59 GMT

Damage from a landslide that wiped out the town of Blatten in Switzerland is estimated at 320 million Swiss francs ($604 million), an industry group says...

Buyers’ market persists for cyber cover

Mon, 23 Jun 2025 04:39:44 GMT

Cyber insurance costs fell 7% in the first quarter and broader coverage with increased limits is now available in most markets for organisations with robust security...

European firms absorbing risk, Allianz Trade says

Mon, 23 Jun 2025 04:39:32 GMT

Global working capital requirements have reached the highest level since 2008, with a growing divergence between North American and European strategies, an Allianz trade credit insurance report shows...

‘Longer, hotter heatwaves’ pose wide-ranging threat

Mon, 16 Jun 2025 04:27:21 GMT

The insurance industry faces a growing threat from extreme heat that increases the risk of electrical outages, wildfires and damage to infrastructure, potentially driving up property and specialty claims, according to Swiss Re...

Court backs cover for Russia-stranded planes

Mon, 16 Jun 2025 04:27:07 GMT

Aircraft lessors have won a court battle over war risks cover after planes worth more than $US4 billion ($6.1 billion) were stranded in Russia following the invasion of Ukraine...

QBE joins regional rollout for building resilience project

Mon, 16 Jun 2025 04:26:55 GMT

The International Finance Corporation and QBE have struck a deal to extend a building resilience program in Asia and the Pacific region...

Probe into State Farm response on LA wildfires

Mon, 16 Jun 2025 04:26:41 GMT

California has launched an inquiry into insurer State Farm’s handling of claims after the Palisades and Eaton wildfires in January...

‘A rare privilege’: Neal bids farewell to Lloyd’s

Mon, 02 Jun 2025 03:28:34 GMT

John Neal has commended the “collaboration, commitment and camaraderie” of his London market colleagues, thanking “everyone who trusted this lowly motor underwriter to lead Lloyd’s for almost seven years”...

‘Underwriting rigour’ marks mid-year renewals

Mon, 02 Jun 2025 03:28:19 GMT

Property catastrophe reinsurance prices at the June 1 renewals continued to moderate, according to a Howden Re update...

Tariffs, conflicts key threats to maritime industry

Mon, 02 Jun 2025 03:28:08 GMT

Geopolitical conflicts, the US-China tariff war and shadow fleets are among the key dangers facing the global maritime industry, according to an annual Allianz Commercial report...

UK pet payouts reach record total

Mon, 02 Jun 2025 03:27:34 GMT

Pet insurance payouts by members of the Association of British Insurers rose 4% to a record £1.23 billion ($2.36 billion) last year as vet fees increased sharply...

US tornado, hail costs to ‘reach into billions’

Mon, 26 May 2025 04:17:17 GMT

Tornados and hail in the Ohio River Valley and Midwest this month may rank among the costliest severe weather events in US history, with total economic and insured losses likely to be billions of dollars, Aon says...

Howden flags opportunity for political risk underwriters

Mon, 26 May 2025 04:17:08 GMT

Demand for political risk insurance has surged by one-third amid trade disruption and geopolitical and macroeconomic uncertainty, Howden says...

Marsh eyes booming data centre market

Mon, 26 May 2025 04:16:55 GMT

Marsh has launched a risk management and insurance broking service for data centre operators...

HDI earnings rise despite large loss blowout

Mon, 26 May 2025 04:16:44 GMT

HDI Global says it has made a promising start to the year, with first-quarter earnings up...

Next Lloyd’s boss threatens ‘blunt instruments’ in bid for discipline

Mon, 19 May 2025 04:24:52 GMT

Lloyd’s chief of markets Patrick Tiernan has called for discipline as market conditions become more challenging and amid increasing examples of “egregious” trading behaviour...

Industry warned over cost of Trump tariff volatility

Mon, 19 May 2025 04:24:32 GMT

Actuarial group Finity has urged Australian insurers to recognise long-term supply chain impacts and market challenges stemming from the changing global trade environment...

California fires dent Munich Re result

Mon, 19 May 2025 02:50:54 GMT

Munich Re has posted a lower first-quarter property and casualty profit after major losses exceeded expectations...

British watchdog to ‘strip back’ rulebook

Mon, 19 May 2025 02:50:46 GMT

The UK regulator has released plans to cut outdated or duplicated requirements from its insurance rulebook, in changes aimed at lowering costs while maintaining protections...