Insurance
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Aon and WTW terminate $30bn deal over DoJ ‘impasse’
Aon and Willis Towers Watson (WTW) have cancelled their $30bn merger over an “impasse” with the US Department of Justice…
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Allianz reorganises global commercial business
Allianz has formed a new division called the Global Commercial Group Center to focus on the P&C commercial sector, which…
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Unresolved issues spark second wave of UK Covid-19 BI litigation
A second wave of Covid-19-related business interruption (BI) insurance litigation is underway in the UK, driven by unresolved coverage issues…
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Ardonagh creates new European business as it targets international expansion
Rapidly expanding broker Ardonagh Group is launching a European unit as it prepares to take its buy-and-build model to the…
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Swiss Re Corporate Solutions names new distribution head for EMEA
Swiss Re Corporate Solutions (SRCS) has appointed Caroline Pritchard as head of distribution management for Europe, Middle East and Africa…
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WR Berkley foresees further hardening to come as Q2 profits surge
WR Berkley has reported a 232.9% increase in net income to $237.2m in the second quarter and predicted that the…
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Chubb CEO calls for US public-private pandemic risk partnership
Evan G Greenberg, chairman and CEO of Chubb, has renewed calls on Capitol Hill for a US public-private partnership for…
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Rate increases return Beazley to H1 2021 profit
Specialist insurer Beazley has reported pre-tax profit of $167.3m for the first half of 2021, from a loss of $13.8m…
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QBE finds 7.9% ethnicity pay gap in UK operations
QBE has revealed a 7.9% mean average pay gap between ethnic minority and white employees at its UK operations. Publishing…
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FM Global creates new executive roles under Malcolm Roberts
FM Global has created several new executive roles to strengthen its leadership team under new president Malcolm Roberts, who will…
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Global insurance rates up 15% in Q2 but hardening continues to slow: Marsh
Global commercial insurance rates were up 15% year on year in Q2 but the pace of change slowed for the…
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Marsh McLennan reports 20% higher revenue as staff move over from Aon-WTW
Marsh & McLennan reported a nearly 20% jump in revenue during the second quarter as economies continued to reopen after…
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Second-quarter increase for most US commercial lines premium rates
US commercial lines premium rates increased for the second quarter of 2021, compared to the previous quarter, in all lines…
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US insurer Westfield launches specialty insurer
US property and casualty insurer Westfield is entering the specialty insurance business with the launch of Westfield Specialty. It has…
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Our insider running a $60bn global broker
As broker consolidation makes some risk managers feel like a commodity being traded between the global intermediaries, the Worldwide Broker…
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Fresh ESG risk capacity heralds new underwriting era
Someone once said the future arrives before the past has completely gone. It’s certainly true of the insurance business, where…
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Insurers act on rise in ransomware attacks
Cyber risk insurers are ratcheting up their underwriting standards in response to increasingly severe and frequent ransomware attacks around the…
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Aki Hussain to succeed Masojada as Hiscox CEO
Hiscox has announced that CFO Aki Hussain will replace CEO Bronek Masojada at the end of this year. Mr Masojada…
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Insured German flood losses up to €5bn, says GDV
Flooding in the North Rhine-Westphalia and Rhineland-Palatinate regions caused by Storm Bernd in Germany last week is expected to cost…