All News articles – Page 127
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NewsAPAC commercial insurance pricing up 31% in Q2
COVID-19 related losses among the factors driving up insurance pricing - Marsh
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NewsGlobal Commercial insurance pricing up 19% in Q2 - Marsh
The increase is the largest since the index was launched in 2012 and reflects increased loss experience
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NewsMonsoon floods inflict $20 billion of damage in July
Much of the physical damage to property, infrastructure and agriculture is expected to be uninsured - Impact Forecasting
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NewsIrish regulator mirrors FCA by publishing supervisory framework to clarify Covid BI claims
The Central Bank of Ireland ‘expects firms to adopt a customer first approach to the resolution of business interruption issues’
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NewsQBE’s data-driven approach to bushfire recovery
A smart use of data analytics and the development of new technology has overhauled QBE’s catastrophe recovery process, enabling the insurer to deliver its most efficient and localised response to customers impacted by natural disasters.
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NewsAM Best Comments on Port Explosion in Beirut
AM Best is monitoring the situation in Beirut, Lebanon, following the devastating explosion at the city’s port on Tuesday, 4 August. The cause of the explosion, which resulted in many casualties and considerable damage is still under investigation. As the situation is unfolding, the likely effect on the local insurance ...
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NewsBeirut port disaster loss to impact global insurers
Observers are drawing comparisons with the 2015 explosion in the Chinese port of Tianjin, which highlighted accumulation exposures in ports - AM Best
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NewsGRS appoints Chris Heywood as Chief Systems Architect
Global Risk Solutions, Inc., a leading provider of a diverse range of claims adjusting and environmental risk management solutions, is continuing to expand and deepen its technology capabilities with the hire of Chris Heywood as Chief Systems Architect.
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NewsEverest Re Group Reports Second Quarter 2020 Results
Everest Re Group today reported that for the three months ended June 30, 2020, net income was $190.9 million, or $4.77 per diluted common share, compared to net income of $332.9 million, or $8.15 per diluted common share, for the three months ended June 30, 2019.
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NewsCovid-19 pandemic impacts AXA’s underlying earnings
Despite the Covid-19 pandemic AXA said its “well positioned” as a group and remains resilient in these challenging circumstances
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NewsMunich Re posts good Q2 result despite high losses from COVID-19
Munich Re generated a profit of €579m (993m) in Q2 2020, and €800m (1,626m) in Q1-2. Business development was encouraging, with the exception of the drag on profit due to COVID-19-related losses totalling around €700m in Q2 and some €1.5bn in Q1-2 2020.
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NewsHastings ‘very pleased’ with share capital offer from investors
The deal recognises the ‘inherent value in the company’ adds Hastings’s group chief financial officer
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NewsAIG Reports Second Quarter 2020 Results
Brian Duperreault, AIG’s Chief Executive Officer, said: “We are effectively navigating the current complex environment due to the strong foundation we built over the last three years. While unprecedented and on-going, COVID-19 remains an earnings, not a capital, event for AIG. We also increased our financial flexibility ending the second ...
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NewsOneConnect and Swiss Re to Partner on Smart Claims to Europe
OneConnect and Swiss Re are joining forces to co-develop a digital end-to-end solution for motor claims handling for the European market, based on artificial intelligence (AI) and advanced data analytics .
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NewsSwiss Re maintains industry-leading capital position in the first half of 2020 despite significant addition to COVID-19 loss reserves
Swiss Re reported a net loss of USD 1.1 billion for the first half of 2020 after booking claims and reserves related to COVID-19 of USD 2.5 billion. Excluding the impact of COVID-19 losses, net income amounted to USD 865 million for the period, reflecting a strong underlying business ...
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NewsHannover Re achieves profit of EUR 402 million for the half-year despite substantially increased risk provision for Covid-19
After the first quarter had passed off broadly in line with expectations, the impacts of the Covid-19 pandemic on Hannover Re left a much clearer mark on the results for the second quarter of 2020.
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NewsAllianz Holdings half-year results bolstered by LV=GI
Allianz Insurance saw fall in operating profit during the first half of the year
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NewsAviation insurance industry braces for fallout after Branson’s Virgin Atlantic goes bust
Gallagher warns that Covid-19 could ‘act as a catalyst’ for rate increases translating into a harder global insurance market
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NewsBeirut explosion, 5 years on from Tianjin
The large blast in Beirut, Lebanon is expected to result in a significant insurance event as the death toll and casualties from the explosion continue to rise.
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NewsAviation, tourism, oil and energy sectors face the biggest Covid-19 risks say insurers
A survey conducted by Gallagher highlighted the insurance portfolios that underwriters are most concerned about
