Country: Global Page 9 / 54
-
- July 19 2024
Global tech outage could see claims snowball but insurers ‘wait-and-watch’
The impact on the industry will depend on the “waiting period” , however, there could be long-term BI and other complex claims.
-
- July 19 2024
Noto earthquake, China floods among costliest H1 2024 economic loss events: Aon
The Noto earthquake remained the costliest event of the year to date in terms of total economic losses with more than U$17bn in direct damage, according to the broker's new cat recap report for the first six months of the year.
-
- July 18 2024
Commercial property specialist FM Global rebrands as FM
FM will serve as the parent brand for its flagship mutual insurance company and commercial property insurer AFM.
-
- July 10 2024
Chubb promotes Marcos Gunn as head of APAC, Paul McNamee as president of overseas GI
McNamee will be in charge of Chubb's general insurance business in 51 countries outside of North America, as Marcos Gunn will succeed his previous role as head of Asia Pacific, both effective immediately.
-
- July 9 2024
Civil unrest, terrorism threats linger as Paris Olympics opens doors to 11 million visitors: WTW
The Games could point to more political violence losses as the anti-pension reform protesters have threatened to undermine the hosting of the event.
-
- July 6 2024
APAC to account for 8% of non-US cyber premium growth by 2030: Howden
Despite cyber insurance pricing dropping by 15% from the 2022-peak, growth opportunities abound especially among new geographies such as Asia Pacific, and niche segment such as SMEs, Howden said in its annual cyber report.
-
- July 4 2024
Zurich-owned Cover-More announces new group CEO
David Fike will lead the company through a significant integration phase following Zurich's acquisition of AIG's global personal travel insurance and assistance business.
-
- July 3 2024
Beazley promotes APAC head Lucien Mounier as Europe cyber risks leader
Mounier, who headed the Lloyd's insurer in the region for six years, has relocated to Barcelona in his new role.
-
- July 3 2024
Pricing and capacity ease at 1.7 renewal as underwriting scrutiny persists: brokers
Reinsurance buyers experienced a more welcoming market, and loss-free programs saw price easing at July 1 renewals compared to recent years thanks to positive results, Gallagher Re and Guy Carpenter said in their mid-year renewals reports.
-
- June 26 2024
Zurich to buy AIG travel insurance business for US$600m
The Swiss insurer will add AIG's Travel Guard brand to Cover-More, which will take the business to a combined annual GWP of about US$2bn.
-
- June 26 2024
Mitsui Sumitomo plans to merge continental European subsidiaries
The Japanese insurance group has announced that it will integrate MS Amlin Insurance and MSIG Insurance Europe by summer next year.
-
- June 25 2024
China Re-owned Chaucer hires Hayley Spink as group chief operating officer
London-based Spink, who joins from Apollo Syndicate 1969, has in the past worked in Shanghai helping set up Lloyd’s China.
-
- June 24 2024
QBE hires Marsh veteran Julie Minor as global distribution head
Before joining the insurer, Minor was a managing director at Marsh and has over 20 years of experience in senior management roles.
-
- June 24 2024
London’s digitalisation dream threatens to turn into nightmare
With Lloyd's delaying the implementation of Blueprint Two yet again, there is a growing feeling that the heralded change to the way the market works will come to nothing.
-
- June 21 2024
Aon promotes Tracy-Lee Kus as head of its global broking centre
Kus, who was most recently head of commercial risk for Asia Pacific and head of North Asia at the broker, will relocate to London for the new role.
-
- June 19 2024
QBE to wind down North American middle-market business
The shuttering of the underperforming unit will not affect core specialty, crop and commercial business, the Australian carrier said.
-
- June 14 2024
Opinion: Brokers keen to see underwriters back in the market
The post-pandemic hybrid environment and the development of AI means that queries and placements are significantly lacking in any human interaction for increasingly commoditised risks.
-
- June 10 2024
AUB picks up 40% stake in UK retail broking network Momentum
The deal gives the Australian intermediary access to an authorised representative network with over 100 partners placing more than US$114m in premium.
-
- June 10 2024
Global reinsurance outlook upgraded to “positive” on strong profit margins: AM Best
Global reinsurers' strong underwriting margins and return-on-equity enable them to absorb large losses seen in the first quarter 2024, as the sector outlook improved from "stable" to "positive".
-
- June 7 2024
Risk managers need to look beyond the immediate as boards and brokers call for change
Geopolitical uncertainties, AI, growing complexity of risks and the need for the industry to adapt dominated discussions at Airmic 2024.
