Markel transfers PPO liabilities to Marco Capital

LPT deal includes claims settled via periodic payment order

Alte Leipziger welcomes ZZR bill vanishing in 2022

Mutual life unit retrieved €74m from ZZR, after expecting a €250m bill

Bulk annuity market "never more buoyant", says Rothesay chief

UK life insurer wrote £3.3bn of premiums in nine transactions in 2022

Maintain pricing discipline, despite easing inflation, says Swiss Re

The reinsurer says inflation will increase P&C claims costs by 5-7.5% across five main markets

AIG Holdings Europe adds four inflation stress tests in SFCR

New tests cover stagflation, persistent and transient inflation

UK pension risk transfer volumes hit £44.7bn in 2022

LCP says Legal & General had the highest share of the UK bulk annuity market

Perils estimates Turkish quake insured loss to reach $3.4bn

The data provider said the catastrophe was the costliest in Turkey's recorded history

UK pension risk deals may reach £600bn this decade, says PIC's chief

Tracy Blackwell said the UK pension risk transfer market has huge potential

"ILS market at a crossroads," says AM Best

Hurricane Ian was a major turning point, rating agency says

PensionDanmark SFCR stress test ponders, 'what if all our customers became Japanese?'

Another scenario involves crashing aircraft full of its policyholders

CROs have appetite for increased digitalisation

CRO Forum surveyed its members on the topic and challenges they face

S&P to release draft capital model in second shot at reform

Rating agency responds to industry demands regarding model update

Credit Suisse bond holdings a concern for US insurers

A number of insurers have small size holdings in troubled bank

Eiopa sets out supervisory measures to eliminate price walking

The authority releases statement on its non-life differential pricing practices consultation

Legal & General eyes up Dutch PRT market opportunity

The insurer has linked up with Dutch life and pension insurer Lifetri

Regulators alarmed over insurers' silent cyber and ransomware capabilities warns CRO Forum

The forum said regulators globally had increased focus on these threats

NAIC chief executive Michael Consedine to step down

He had served in the role since January 2017

GFIA identifies four significant global protection gaps totalling $2.8trn

The federation calls for industry and government to address the gaps

Swiss Re reduces carbon intensity of corporate bonds and equities by 42%

The reinsurer also highlights green transition opportunities

German natcat reinsurance rates double since 2021

Regional public-sector insurers hit hardest, Fitch estimates

VIG's IFRS 17/9 investment nears €100m

CFRO Liane Hirner stressed VIG's strategy, risk appetite and business model would be unaffected

Talanx heralds "room for manoeuvre" in German life unit as ZZR bill vanishes

Jens Warkentin reports "hardly any" movement in lapse rates

Chika Aghadiuno: Insurance sector can do more to widen its appeal

InsuranceERM has interviewed senior female risk experts on gender diversity in insurance

"Ample scope" for life and health insurance to be more inclusive, says Swiss Re Institute

The reinsurer ranks countries based on the inclusiveness of their L&H insurance markets.

Prudential's IFRS 17 and restructuring costs hit $294m in 2022

The insurer said it will provide an update on the accounting standard's impact in June

Phoenix estimates 20% of equity and credit assets exposed to high climate transition risks

UK life insurer further integrates climate risk across its risk management framework

Philippa Herz: The value of diverse leadership

OneFamily's chief risk officer Philippa Herz shares her views on the state of gender diversity in the insurance industry

VIG forecasts continued double-digit inflation in CEE

Deputy CEO Hartwig Löger said inflation will remain a challenge for the group

New Zealand floods insured loss pegged at NZ$1.65bn

Catastrophe loss information provider Perils explains why the event was unprecedented

Talanx posts record earnings, premiums - and natcat losses

Overstepped 2022 large loss budget by €400m


Insurers caught up in the Swiss roil

The fall of Credit Suisse, hot on the heels of SVB and Signature Bank, has sent insurers scrambling to assess the risks to their portfolios. While the hit seems manageable, Sarfraz Thind asks if there could be worse to come

Litigation takes off to decide when "all is lost" for aircraft grounded in Russia

Insurers and clients are commencing major courtroom battles over policy coverage and phrasing after aviation assets were trapped inside Russia. David Walker investigates

Bermuda's time for IAIGs

Bermuda may soon identify its first internationally active insurance groups, according to the Bermuda Monetary Authority director of insurance supervision, Gerald Gakundi. Sarfraz Thind reports

Female CRO perspectives on gender diversity

International Women's Day marks an opportune moment for female chief risk officers to discuss their views on the state of gender diversity in the insurance sector. Ronan McCaughey explains

The next steps in climate stress and scenario analysis

EY's senior manager and UK insurance climate risk leader Diego Jimenez-Huerta discusses how insurers are set to develop their climate change analysis in 2023, in this Q&A with Christopher Cundy

Young risk professional of the year: Lara Palmer, LCP

Lara Palmer, winner of the young actuarial and risk professional category in InsuranceERM's 2023 awards for UK & Europe, talks to Paul Walsh about dispelling the stereotypes of actuarial work

Judges' award for contribution to the industry: David Otudeko

Winner of the 2023 InsuranceERM UK & Europe judges' award, David Otudeko, talks to Christopher Cundy about his rollercoaster year

CRO of the year: Tom Hughes, Domestic & General

Tom Hughes won chief risk officer of the year in InsuranceERM's 2023 Annual Awards for UK & Europe. He talks to Ronan McCaughey about managing risk during a period of macroeconomic turmoil

The enduring risks from the Ukraine war

After 12 months of conflict, the risk landscape for international insurers has been drastically changed. Paul Walsh finds the marine and aviation sectors particularly affected, while geopolitical risks remain heightened for all

One year of war in Ukraine and the country's insurers remain defiant

Vyacheslav Chernyakhovsky, general director for the Insurance Business Association of Ukraine, discusses with Paul Walsh how the country's sector has performed and the post-war strategy