AXA XL working to tackle non-affirmative cyber cover in suite of products
AXA XL is reviewing its polices to tackle non-affirmative, also known as silent, cyber cover wherever possible, the insurer told…
S&P says California wildfires of 2017-2018 ‘surprised’ re/insurers
Re/insurers were surprised by the California wildfires of 2017-2018, as the losses were outside of the market understanding of the risk and affected both property…
HSBC Bank (UK) Pension Scheme in £7bn longevity swap
A longevity swap has been announced involving the HSBC Bank (UK) Pension Scheme and Prudential Insurance Company of America (PICA). According to Aon, which advised…
Nigerian regulator says tougher capital requirements could end premium flight
The Nigerian regulator Naicom has been justifying its…
Piracy attack off Cameroon coast heightens risk
Risk managers with shipping interests have been warned…
South African short-term insurance sector grew 8% in 2018
The South African insurance industry reported gross written…
Total cost of risk up 2.1% in North America as insurance rates rise: RIMS
The average total cost of risk (TCOR) for…
