All News articles – Page 136
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NewsBest’s Commentary: Strong brands the likely winners of UK Insurance Pricing Review
UK personal lines insurers will need to adjust their pricing models in response to the Financial Conduct Authority’s proposed remedies surrounding the pricing of policies for renewing customers, according to a new AM Best commentary.
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NewsMetromile Launches Ride Along to demystify Pay-Per-Mile car insurance
Metromile, the leading pay-per-mile car insurance company in the U.S., today announced the launch of Ride Along, a free new way for drivers to understand if their driving can result in a lower car insurance rate before they sign up. More than 124 million Americans could be overpaying for car ...
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NewsThe changing risk landscape of terrorism amid Covid-19
The Covid-19 pandemic has changed the risk landscape of terrorism. It has done this by suppressing peoples’ freedom of movement and forcing radicalisation to move online, meaning that post pandemic there could be a resurgence. This was the message of Paddy MGuinness, Pool Re member advisory committee and former UK ...
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News‘Time is ripe’ for technology transformation says Kingfisher
The broker’s group director of transformation tells Insurance Times about its newest technology partnership and how the business plans to revamp back office functionality to support both staff and customers
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People & OpinionMarsh expands UK Aviation Team
Marsh, today announced the appointment of Mark Walters as a Managing Director within the UK Aviation Practice, effective immediately. Based in London, Mr Walters will report to Andy Smith, UK Chairman and CEO, Aviation, Marsh JLT Specialty. In this role, Mr Walters will provide senior insurance and risk advisory services ...
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NewsReuters: Britain’s biggest fund manager expands engagement on climate
Britain’s biggest asset manager plans to increase the number of companies it assesses and engages with over climate change to help to accelerate global efforts to move to a low-carbon economy, it said on Wednesday.
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NewsAgeas sells its share in UK motor and home JV to Tesco Bank
Ageas said on Wednesday it had agreed to sell its majority stake in Tesco Underwriting Ltd to joint venture partner Tesco Bank for 104 million pounds.
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NewsBest’s Commentary: LIBOR transition poses operational and legal challenges for Insurers
With less than a year and a half to go before the London Interbank Offered Rate (LIBOR) will no longer be available, several areas of concern remain, according to a new AM Best commentary. A review of AM Best-rated insurer debt, as detailed in a Best’s Commentary, titled, “LIBOR Transition ...
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NewsBlackSwan Technologies launches as the world’s first enterprise AI operating system
BlackSwan Technologies launches as the world’s first enterprise AI operating system, enabling any company to leverage the most advanced artificial intelligence for an unprecedented level of operational efficiency and data-driven decision making. Since it began offering its technology to a limited customer base earlier this year, BlackSwan Technologies has generated ...
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NewsCoreLogic estimates $0.7 to $1.2 billion in U.S. onshore losses from Hurricane Delta wind and storm surge
CoreLogic today announced residential and commercial storm surge and wind loss estimates for Hurricane Delta. According to this new data analysis, insured wind losses for residential and commercial properties in Louisiana and Texas are estimated to be between $0.5 billion and $0.9 billion. Insured storm surge losses are estimated to ...
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NewsArch Capital Group announces catastrophe loss estimates
Arch Capital Group reports that its 2020 third quarter results will be negatively impacted by a set of catastrophe events that occurred during the third quarter, including Hurricanes Isaias, Laura, and Sally, the Derecho Windstorm, California Wildfires and other minor global events.
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NewsEmployer medical benefit costs to more than triple the rate of inflation globally in 2021, Aon Survey forecasts
The costs of employer medical benefits across the world are forecasted to rise 7.2 percent in 2021, outpacing general inflation by 5.0 percent, according to the 2021 Global Medical Trend Rates Report released today by Aon plc, a leading global professional services firm providing a broad range of risk, retirement ...
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NewsRenaissanceRe announces estimated net negative impact from third quarter 2020 catastrophe events
RenaissanceRe today announced it currently estimates that losses from third quarter 2020 catastrophe events will have an estimated net negative impact of approximately $325 million on its third quarter 2020 results of operations. The estimated net negative impact is primarily driven by losses from Hurricanes Laura and Sally, as well ...
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NewsReturning to profitability is key concern for aviation insurers – Gallagher
The aviation market was already hardening, and the pandemic has caused further complications
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NewsAXIS Capital comments on third quarter 2020 financial results
AXIS Capital Holdings today announced a preliminary net loss estimate in the range of $225 million to $255 million, pre-tax ($190 million to $220 million, after-tax) for third quarter catastrophes and other events.
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NewsAttune announces new BOP Product
Attune Insurance Services today announced the launch of a new Businessowners’ Policy with Accredited Surety and Casualty Company, Inc. (“Accredited”) serving as the carrier. The Businessowners’ Policy product written on Accredited paper is backed by a panel of reinsurers led by TransRe. Attune’s new BOP+ Businessowners’ Policy adds 135 new ...
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NewsCovid-19 to drive Lloyd's workplace innovation - John Neal
Neal said that Lloyd’s transformation is about reducing cost of doing business
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NewsGovernment calls for evidence in Pool Re review
It will run for six weeks, ending on 22 November 2020
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NewsGreece and Portugal count cost of September storms
Medicane Ianos brought rough seas, damaging winds, and flooding rainfall to western and southern regions of Greece
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NewsChina flood losses up to $32 billion
Total combined economic losses of seasonal monsoon flooding in China are likely to exceed CNY220 billion ($32 billion)
