News
Allianz Holdings records 10.6% drop in GWP for Q1 2021
Allianz Holdings, which comprises of Allianz Insurance and LV= General Insurance, has recorded a 10.6% drop in gross written premium (GWP) for the first quarter of 2021 – this has fallen from £1026m in 2020 to £917m this year.
Aon and Willis Towers Watson (WTW) Step Toward the Close of Proposed Combination with Agreement to Sell Set of WTW Assets to Gallagher
Aon and WTW today announced they have signed a definitive agreement to sell Willis Re and a set of Willis Towers Watson corporate risk and broking and health and benefits services to Arthur J. Gallagher & Co. (Gallagher). These businesses will be divested for a total consideration of $3.57 billion.
US motor disruptor accepts world’s first bitcoin premium and claims
San Francisco-based disruptor Metromile has become the world’s first insurer to accept payments in bitcoin cryptocurrency.
FM Global releases earthquake map
The Netherlands, France, Switzerland, Italy have all seen above-average movement to higher risk zones
Colonial Pipeline attack exposes ransomware “pandemic”
CISA urges organisations to take action to strengthen cyber security following US critical infrastructure attack
Beazley’s GWP doubles to 16%
Lloyd’s market specialist insurance and reinsurance underwriter Beazley has reported its gross written premium (GWP) doubling by 16% to $971m in its first quarter trading results for 2021.
Zurich’s premium up by 14% in property and casualty
Zurich has reported a strong top line with its gross written premium (GWP) in the property and casualty (P&C) segment increasing by 14% to $11m (£7.78m), this was $9.67m in 2020.
By Miles and Covéa Insurance enter new UBI partnership
Covéa Insurance and insurtech By Miles have entered a new partnership catering to the increasing demand from customers for usage-based insurance (UBI).
Terror risk grows as lockdown eases
Public transport and facilities remain an attractive target for terrorists as passengers return, warns Pool Re
Cloud dependency brings systemic risk potential
During the last six months, Amazon, Google and Microsoft Azure have all experienced significant service outages - CyberCube