21 September 2020
Swiss Re has introduced a triple-digit internal carbon levy of $US100 per tonne of carbon dioxide to support transition to a low-carbon economy and net-zero emissions in its operations by 2030...
14 September 2020
Moody’s has cut the reinsurance sector outlook to negative from stable despite the best pricing environment in over a decade, as the industry faces low interest rates and uncertainty around ultimate pandemic-related losses...
14 September 2020
The judgment on the UK’s COVID-19 business interruption test case should be handed down tomorrow...
14 September 2020
Lloyd’s sank into a pre-tax loss of £438 million for the six months to June, as £2.4 billion in pandemic claims after reinsurance recoveries took a toll on earnings...
14 September 2020
Swiss Re has forecast prices will continue to rise in the next renewals season as adverse risk and interest rate trends are exacerbated by the coronavirus pandemic...
14 September 2020
Munich Re says state-backed pools should be created to cover future pandemics and says more focus is needed on other major risks such as cyber threats and climate change...
14 September 2020
A police officer and an employee at a claims management firm featured among 107,000 fraudulent insurance claims detected in the UK last year...
14 September 2020
Global insurance premium growth will be flat “at best” as nearly every country in the world experiences economic recession or decline caused by the COVID-19 pandemic, the New York-based Insurance Information Institute says...
14 September 2020
Nine tropical cyclones made landfall in August, leaving a trail of damages in the region of at least $US20 billion ($27 billion), according to Aon’s latest monthly Global Catastrophe Recap report...
14 September 2020
A restructuring of global supply chains will boost global insurance earnings by around $US63 billion over five years, Swiss Re estimates...
07 September 2020
A growing number of US court decisions are coming down on the side of insurers in disputes over coronavirus-related business interruption cover, the Insurance Information Institute says...
07 September 2020
US hurricane seasons are costlier than before because more Americans are living in coastal states and building bigger and more expensive homes, the Insurance Information Institute says...
07 September 2020
Lloyd’s has reopened its London Underwriting Room, with daily capacity reduced to 45%, face masks mandatory in common areas and social distancing rules in place...
07 September 2020
Hardening pricing conditions are creating opportunities for insurers, while catastrophe, specialty lines and some US casualty lines have been showing improvements in pricing and coverage terms, AM Best says...
07 September 2020
The next decade will be the most important period of growth for the cyber insurance market as rapid digital transformation brought on by the COVID-19 pandemic increases vulnerabilities to attacks, S&P says...
07 September 2020
The post-COVID-19 environment is fertile ground for insurers to find new ways to team with the public sector and help mitigate social inequality, insurance think-tank The Geneva Association says...
31 August 2020
Hurricane Laura destroyed buildings and killed at least 15 people in the southern US, after becoming the strongest system to cross the Louisiana coastline in more than 150 years on Thursday...
31 August 2020
California’s wildfires are likely to trigger insured losses in “in the billions of dollars”, Moody’s Investors Service estimates...
31 August 2020
Aon is a step closer to completing its takeover of rival Willis Towers Watson after shareholders in the broking giants voted for the deal last week at their respective extraordinary general meetings...
31 August 2020
The insurance protection gap globally rose to a record $US1.24 trillion last year and is set to worsen further because of the pandemic, Swiss Re says in a new Sigma report...