All News articles – Page 5
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Operational technology breaches grow by 83%
Cybercriminals are targeting critical infrastructure with ransomware as they are considered easy prey - Skybox Security
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Allianz’s total revenue growth soars despite natural disaster burdens
Allianz’s total revenue growth has increased 9.5%, equalling €34.4bn – up from €31.4bn last year – in what the global insurer’s SE top boss stamps as its best third-quarter results yet announced yesterday (10 November).
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Zurich’s property and casualty GWP up by 11%
Zurich reported that its property and casualty (P&C) gross written premiums were up by 11% at £31.2bn on a like-for-like basis in its Q3 trading update.
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COP26: Global resilience index launches
GRII will help sectors across the global economy quantify the value of building climate resilience, and the costs of doing nothing
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Flood Re chief exec urges focus on ‘Build Back Better scheme’ as ‘resilience is not being prioritised’
To tackle the “increased frequency of flooding and extreme weather events”, the UK must focus on using property flood resilience (PFR) measures for building repairs as part of Flood Re’s Build Back Better (BBB) scheme because currently, “resilience is not being prioritised”, according to Flood Re chief executive Andy Bord.
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Demand for supply chain insurance to rise
The global supply chain crisis has exposed the limits of business interruption insurance - DBRS Morningstar
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COP26: Risk management “central” to climate mitigation
Insurance industry has a “unique contribution” in advancing understanding and sharing of climate-related risks - report
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COP26: International Sustainability Standards Board launches
Move represents a “major step forward in establishing consistent, comparable global reporting standards” - TCFD
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Pace of technology innovation must be maintained
Insurance Times’ Tech and Innovation Awards showcased the great variety of digital solutions supporting the insurance sector
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Beazley reports GWP improvement of 29% for 2021’s Q3
Insurer Beazley has reported a 29% improvement in its gross written premium (GWP) for quarter three of 2021 – as at 30 September 2021, its GWP stood at $3,271m (£2,435m) compared to $2,534m for the same period in 2020.
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Willis Re takeover ‘on track’ – Gallagher
Broker Gallagher’s takeover of Willis Re is “on track”, according to its third quarter financial results published yesterday (28 October 2021).
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Allianz appoints new approved repairer network to focus on green parts and EVs
Insurer Allianz has appointed a new approved repairer network (ARN), effective today (1 November 2021), focusing on bodyshops that can fix electric vehicles (EVs), recalibrate advanced driver assistance systems (ADAS) and offer green parts.
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Axa extends oil and gas exclusions in fight against climate change
Axa has extended its oil and gas exclusions to help fight climate change and support the transition towards a low carbon economy.
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Gallagher’s net earnings up 22% in Q3 results as M&A ‘remains buoyant’
Broker Gallagher has reported that its net earnings are up by 22% in the three months to 30 September 2021, as published in its third quarter financial results released yesterday (28 October 2021).
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Exor and Covéa sign Memorandum of Understanding for the sale of PartnerRe for $9 billion
The acquisition of PartnerRe is fully consistent with Covéa’s long-term strategy to anticipate the evolution of the global insurance environment through international growth and through the diversification of products, risks and geographies.
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CAT to the rescue: Govts, insurers must issue cat bonds for citizens’ financial protection from weather events
What it means for Indians, rich or middle class or poor, is that with cat bonds both insurers and governments will have more financial heft to insure better off citizens or aid poorer citizens.
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Hamilton announces Property Treaty Reinsurance consolidation
The Company will continue to write property treaty reinsurance business out of Bermuda, consolidating our peak peril catastrophe reinsurance underwriting into one hub.
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Campaigners target reinsurers in Baden Baden
Only a few reinsurers have so far publicly committed to phase out coal from their treaty business
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Lockton launches crisis management division
Lockton’s Matt Humphries will be leading the new unit within the business’ wholesale property and casualty (P&C) division.
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Guy Carpenter establishes insurtech centre of excellence
Reinsurance broker Guy Carpenter has launched its Insurtech Centre of Excellence (COE) to provide comprehensive services to reinsurance carriers and MGAs.