Lloyd’s unwraps financial results – and a six-year high
In a Press release, the material turnaround in performance was credited to the Lloyd’s market’s focus on underwriting profitability, and...
News
Lloyd’s profits, major losses decline, but property underperforms again
The Lloyd’s insurance and reinsurance market has reported a full-year 2021 profit of £2.3 billion, with a combined ratio of...
PERILS slashes March 2021 Australian flood loss estimate again
The industry loss to insurance and reinsurance markets from March 2021’s severe flooding that affected New South Wales and Queensland,...
Japan earthquake industry loss could reach US $4bn: Verisk
The March 16th magnitude 7.3 Japanese earthquake is expected to cause an insurance and reinsurance industry loss of between US...
WTW partners RIMS to help manage 'high impact' threats
Global brokerage WTW has announced a partnership with US-based Risk and Insurance Management Society (RIMS) to advance the practice of...
Gone in 90 seconds: insurer wins dispute over theft of unlocked car
An IAG customer whose car was brazenly stolen when his partner briefly left it unlocked while popping inside to collect...
'Pass cyclone reinsurance bill': Senate inquiry
A Senate committee inquiry into the cyclone reinsurance pool has recommended that Federal Parliament pass the legislation, despite shortcomings pointed...
'Unprecedented' summer drives up claims, worry levels
Home claims were up sharply this summer even before the flood catastrophe, and amid an unprecedented season of extreme weather...
ICNZ releases update on Westport floods
Many home insurance policies have a temporary accommodation allowance, with an average payout of around $20,000, that pays for accommodation...
Commercial director on insurance being overlooked by NZ businesses
Meys, Coface’s exclusive agent in NZ prior to the branch launch, was referring to the supposed lack of awareness among...
