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News

KCC warns hurricane Isaias insured losses will top $4bn

Isaias struck parts of the US and the Caribbean earlier this month

FTI Consulting makes insurance practice appointments

The appointments will enable the provider to expand its insurance M&A services

New Zealand regulator updates insurers' solvency return requirements

Solvency projections to be required with and without capital movements

Berkshire Hathaway grows earnings despite heavy reinsurance losses

The firm's reinsurance segment posted losses of $1.6bn in H1

Third Point Re in $788m takeover of Sirius

The combined company will be called SiriusPoint

Sun Life helped by lower mortality claims in Q2

CEO says Covid-19 impact not as bad as previously feared

Crédit Agricole Assurances supports BI customers during Covid-19

It was part of a "mutual and voluntary support scheme" for customers

Hannover Re CFO Roland Vogel to retire

Clemens Jungsthöfel from HDI Global will take over the role

Hurricane forecasters worsen outlook for Atlantic basin

The latest forecasts predict an "extremely active" season

Nat cats drive 60% fall in net profit for Australia's IAG

High level of natural perils highlights the importance of climate action, says IAG

Ageas unveils plans to pay 2019 dividend

The National Bank of Belgium had urged insurers to suspend dividends until 2021

QBE seeks new Australian Pacific head after Vivek Bhatia resigns

Bhatia was a public face of insurer since 2018

Major insurers under pressure to withdraw from Trans Mountain pipeline

Climate activists urge insurers not to renew policies once cover expires in August

Insurers called on to grow intangible assets business

Intangible assets risk becoming major blind spot for firms, Lloyd's says

NAIC still failing to address racial bias in underwriting

Use of AI and other data penalises minorities, says CEJ's Birny Birnbaum

Everest Re's H1 profit halves after suffering "3 C's"

Covid-19, catastrophe losses and civil unrest culminate

Aviva CEO: "We're committed to being composite"

Amanda Blanc outlines strategy for UK insurance group

ReAssure purchase bumps up Phoenix's cash generation

Phoenix also goes ahead with dividend payment

Axa's Covid-19 claims rise to €1.5bn, cancels life unit sale

Deal to sell Axa Life Europe to Cinven called off as "closing conditions not met"

Manulife boosts earnings from underwriting profits in Q2

Favourable underwriting experience and seed investment profits help drive growth

NN Group resumes dividends

The Dutch insurer suspended distributions in April amid Covid-19

Munich Re confirms €700m of pandemic losses in Q2

Chairman Joachim Wenning warns the world is "far from defeating" pandemic

MetLife Q2 earnings hit by lower sales and PE losses

Underwriting premiums and fees down 13% from 2019

Irish regulator publishes expectations on insurers' handling of BI claims

Insurers should not pursue legal costs where test cases find for underwriters, CBI says

Topdanmark and Mandatum drag Sampo's group H1 profits

Acquisition of Hastings is put down to the appeal of "digitally advanced" UK insurance market

Hannover Re registers €402m H1 profit despite Covid-19

The reinsurer strengthened its reserves due to uncertainty from the pandemic

Prudential Financial posts $2.4bn loss in Q2, as investment losses mount

Company reprices interest rate expectations, moves to less rate-sensitive products

L&G's H1 profits dented 6% by Covid-19

Protection business and house building were the worst hit areas

Hastings strikes £1.7bn takeover deal

Sampo and Rand Merchant Investment Holdings will acquire the remaining 70.3% stake in UK insurer

Allianz quarterly operating profit falls 19% to €2.6bn

Group applies for Solvency II TMTP in Germany to boost capital ratio

Analysis

Equality in insurance: what actions beyond the words?

The US insurance sector was quick to state its support for black lives after George Floyd's death resonated across communities worldwide. It has a questionable history of action on racial inequality, but are things about to change? Sarfraz Thind reports

Herd immunity to Covid-19 may be reached sooner than thought

Dave Ingram shows how US rates of Covid-19 infection can flatten off surprising quickly under certain scenarios - and with far lower rates of infection overall

The heat is on for climate risk modelling

It is time for catastrophe risk model developers to go beyond a piecemeal approach to addressing climate change, argues Jayanta Guin

Solvency II interest rate risk: a floor to cure the flaw

Eiopa's stakeholder group has proposed an alternative solution to what it sees as a flawed proposal to reform the interest rate risk module. Christopher Cundy reports

Covid-19's consequences for solvency, stress and scenario testing

What lessons have been learned from the solvency risks created by the pandemic? Three experts discuss with Christopher Cundy the reactions from insurers and supervisors, and the implications for future regulation

Pension superfunds "not a competing proposition", says L&G

The pension risk transfer market and investment solutions put insurers in a strong position to manage defined-benefit pension liabilities, L&G's head of pricing and execution Pretty Sagoo tells Cintia Cheong

Covid-19 BI litigation "will stop America's recovery before it starts"

The APCIA has been at the forefront of fighting fires in the current crisis. Senior vice president Robert Gordon talks to Sarfraz Thind about the business interruption saga and why litigation is simply wrong

Do insurers care about the Sustainable Development Goals?

The UN's Sustainable Development Goals (SDGs) are meant to be the "blueprint to achieve a better and more sustainable future for all". So why aren't insurers taking an active role in pursuing them? Paul Walsh reports

AIG Life's playbook for Covid-19

Ruth Middleton, AIG Life's chief risk officer, and Debbie Bolton, chief underwriter and head of customer operations at the UK life insurer, tell Ronan McCaughey how the provider has adapted to Covid-19 and reveal their post-pandemic outlook

Legal experts lock horns over pandemic BI payouts

Tensions ran high during InsuranceERM's virtual panel discussion on the legal risk implications of the Covid-19 pandemic, as experts discussed the next steps in arguably the biggest legal crisis the insurance industry has ever seen. Paul Walsh reports.