-
CRE Insurance
London insurers must intensify risk management as soft market continues: Bank of England
The Bank of England warned the London and wider UK general insurance market this week that it needs to be careful of widening terms and conditions, continued severe price competition…
-
Association News
Ferma’s risk and insurance survey set for launch
The Federation of European Risk Management Associations (Ferma) will launch its 2016 European Risk and Insurance Survey tomorrow, in cooperation with 21 member associations.
-
CRE Insurance
Risk transfer pricing down again in April, but decline slows a touch
Prices fell again at the April reinsurance renewals, although the overall decline was slightly down on that achieved 12 months earlier, according to figures from Willis Re.
-
CRE Insurance
Global insurance M&A to continue this year, but value of deals unclear: S&P
Credit rating agency Standard & Poor's (S&P) expects the merger & acquisition (M&A) trend in the global insurance sector to continue this year, but at a slower pace.
-
CRE Insurance
Do not dump us all into same ‘immoral bucket’: Bermuda
The leak of 11.5 million files from the world's fourth biggest offshore law firm, Panama-based Mossack Fonseca, that revealed a mind-boggling amount of high-level tax dodging is clearly not good…
-
Association News
Airmic launches Leadership Advisory Board
Airmic has launched its new Leadership Advisory Board, which will help guide the association going forward.
-
CRE Insurance
US suffers $2bn insured losses from spate of storms
Storms and flooding in the US last month caused estimated insured losses of around $2bn, according to Aon Benfield.
-
CRE Insurance
Corporate round-up
Worldwide Broker Network adds two new members and International SOS and Control Risks boost TravelTracker platform.
-
CRE Insurance
Zurich accelerates efficiency drive to get back on even keel
Zurich chairman Tom de Swaan has reiterated that his firm's general insurance segment, and Global Corporate division in particular, delivered unsatisfactory results in 2015, and announced an acceleration of its…
-
CRE Insurance
Rising terror threat largely underinsured
Attacks in Brussels, Lahore and Turkey in the past two weeks highlight the growing human and financial cost of terrorism and the need for a broader form of terrorism insurance.
-
CRE Insurance
AIG Europe delivers stable 2015 results
AIG's European operations delivered stable results in 2015 with key metrics all fractionally up on the previous year. However, adverse property and aviation claims saw payouts rise a touch on…
-
Asia
Tianjin loss uncertain and climbing: Swiss Re
The explosions at the Chinese port city of Tianjin proved the most challenging and costly event for the insurance industry in 2015 with loss figures rising, according to a new…
-
BI
Losses mount as companies grapple with supply chain risk
The increased threat from Islamic State (IS) and an influx of migrants caused serious supply chain issues in Europe and beyond last year, while there were $22.6bn of supply chain…
-
Asia
Business exposed as India and China top list of disaster prone countries
Asian countries are among the most exposed and least resilient to natural disasters in the world, but as a result of underinsurance in emerging markets and low losses in Europe…
-
CRE Insurance
Bermuda officially Solvency II equivalent
Bermuda has now completed the process for full equivalence with Solvency II. The regime becomes retroactively effective from 1 January, 2016 on the island.
-
Captives
Corporate round-up
Artex agrees deal to buy Hexagon Insurance PCC, Randall & Quilter acquires Rank's Guernsey run-off captive, CICA elects new chair and vice-chair and ISO introduces further drone coverage options.
-
CRE Insurance
Brussels attack could see cover tighten for European cities
This week's fatal suicide bombings in Brussels do not represent a significant increase in terrorism risk for business, but they could see insurers cap cover offered in major European cities.
-
Association News
Ferma and Belrim urge focus on risk management following terror attacks
The Federation of European Risk Management Associations (Ferma ) and Belgian risk management association Belrim have sent their condolences to the friends and families of those killed and injured in…
-
CRE Insurance
Brown takes over at AXA CS as De Castries announces retirement
AXA Corporate Solutions' new CEO Rob Brown will have little time to settle in to his new role before he becomes involved in a group-wide strategic review under new bosses.…
-
CRE Insurance
Lloyd’s profits drop one third in ‘challenging’ market
Lloyd's yesterday announced a pre-tax profit of £2.1bn for 2015, significantly reduced from the 2014 result of £3bn.