Munich Re puts preliminary June quarter earnings at $1.8 billion
26 July 2021
Munich Re says preliminary figures point to a second quarter net profit of €1.1 billion, taking overall half-year earnings to €1.7 billion...
International
Lloyd's appoints first female Deputy Chair
26 July 2021
Vicky Carter has been appointed Deputy Chair of Lloyd’s Council, effective in September...
Huge losses expected from catastrophic European floods
19 July 2021
First estimates of damage from deadly rain and floods in Germany are expected to be available later this week and may put insured losses near $15 billion, industry association GDV says...
UK coronavirus BI payments climb to $1 billion
19 July 2021
UK business interruption settlements for claims triggered by the COVID-19 pandemic have climbed to £566.6 million, the Financial Conduct Authority says.
UK motor premiums set to rise as pricing measures kick in
19 July 2021
Motor premiums in the UK fell 8.4% in the last 12 months, pushed down by an uptick in competitive telematics offerings and push for market share, according to data analytics firm Consumer Intelligence...
No-spectator Olympics to cost reinsurers half a billion dollars: Fitch
19 July 2021
Reinsurers globally face up to more than half a billion in losses as a result of Japan’s decision to hold the Tokyo Olympics without spectators because of a resurgence in COVID infections, Fitch Ratings said...
Ardonagh to open global data centre in Ireland
19 July 2021
UK-based Ardonagh will open a data and risk management centre in Ireland to gain insights assisting clients globally as the company continues its expansion...
Lloyd's appoints CIO
19 July 2021
Eleanor Bucks is joining Lloyd’s in the newly created role of Chief Investment Officer, overseeing the Treasury and Investment Management team and charged with building and leading the Lloyd’s Market Investment platform...
EU regulator approves Aon-WTW merger
12 July 2021
The European Commission has approved Aon’s acquisition of Willis Towers Watson following a commitment made by the companies to divest some assets to Arthur J. Gallagher...
UK regulators consider diversity quotas
12 July 2021
UK insurance regulators are proposing the use of representation targets as well as linking executive remuneration to diversity and inclusion metrics...
UK insurer fined for 'misleading' customers about home premium renewal
12 July 2021
The Financial Conduct Authority has fined the insurance division of Lloyds Bank nearly £90.7 million for “misleading” its home insurance customers about their premium renewal...
Cyber GWP to top $US20 billion by 2025
12 July 2021
The global cyber insurance market will triple in size to $US20.6 billion in annual gross written premium by 2025, GlobalData says...
Europe storms, US heatwaves dominate June cat report
12 July 2021
The costliest severe storm on record in Europe and historic heatwaves in North America top Aon’s June list of severe weather events, leaving the insurance industry facing hefty claim payouts...
Guy Carpenter launches climate advisory services
12 July 2021
Reinsurance broker Guy Carpenter, a part of the Marsh McLennan business, has launched a suite of climate advisory and modelling services for customers looking to develop strategies to address physical, transition and liability risks posed by global warming...
Restricting coal underwriting 'now mainstream': Axa
05 July 2021
French global insurer Axa says 2021 is “a key year for biodiversity” and wants insurers to act in the same way as they have over climate change...
Elsa blows in as first hurricane of the season
05 July 2021
Hurricane Elsa continues to create problems for Caribbean countries after causing extensive damage at the weekend, becoming the first hurricane for this year’s Atlantic season...
Ardonagh launches reinsurance brokerage
05 July 2021
UK-based Ardonagh has entered the reinsurance broking space with the launch of Inver Reinsurance Brokers, which it says will harness its scale and resources to be a top five global player...
Hiscox settles UK lockdown BI cases
05 July 2021
UK and Bermuda insurer Hiscox has agreed a settlement with members of the Hiscox Action Group for business interruption losses suffered during a COVID-linked lockdown imposed by the UK Government last year...
Global power capacity 'realistically' down to $US1.4 billion: WTW
05 July 2021
Willis Towers Watson estimates theoretical insurance capacity limits for the international power market have contracted further to around $US3.25 billion globally, with the “realistic level” closer to $US1.4 billion...
Governments urged to address worsening flood risk in Marsh report
28 June 2021
A new Marsh & McLennan report has urged governments globally to tackle the growing threat of flood risk, which is set to become more severe and frequent in coming years, in part as a result of accelerating climate change...