Parametric Insurance Can Help Close Global Protection Gap: Clyde & Co. Report January 9, 2018 By L.S. Howard Parametric insurance can play a significant role in closing the insurance protection gap – a problem that plagues economies in...
Natural Catastrophe Claims in 2017 Reached a Record $135B: Munich Re January 4, 2018 By L.S. Howard The insurance industry will pay record claims of US$135 billion from last year’s spate of natural catastrophes, according to a...
The Fine Art of Underwriting Through Soft & Slightly Harder Market Cycles January 3, 2018 By L.S. Howard Twenty or so years ago, a London market marine underwriter declared he was going golfing one afternoon because he had...
Top Insurance Journal International Stories of 2017 December 29, 2017 By L.S. Howard Blockchain, cyber, mergers and acquisitions and London’s devastating Grenfell Tower fire are just some of the topics that dominate the...
QBE Insurance Settles Shareholder Class Action in Australia for US$103.2M December 29, 2017 By L.S. Howard QBE Insurance Group Ltd. has agreed to pay A$132.5 million (US$103.2 million) to settle a shareholder class action in Australia....
Generali in Germany Launches Next Phase of Restructuring Program September 29, 2017 By L.S. Howard Generali Deutschland has launched the next phase of its program to reorganize in Germany, which is one of Generali’s core...
UK SMEs Face BI Coverage Gaps After Terrorist Events: Pool Re Report September 26, 2017 By L.S. Howard Many terrorism insurance policies are triggered when there is physical damage to a property. As a result, commercial insurance buyers...
After Months of Development, B3i’s Blockchain Prototype Is Ready for Testing September 14, 2017 By L.S. Howard The industry’s Blockchain Insurance Industry Initiative (B3i) has developed a reinsurance blockchain prototype for a property excess of loss contract—and...
QBE Group CEO Neal to Exit; Regan to Succeed Him in January September 13, 2017 By L.S. Howard and Andrew G. Simpson QBE Insurance Group today announced that John Neal, Group chief executive officer, will be stepping down after five years in...
Insurtech Firms Often Help, Not Disrupt, Traditional Reinsurers: JLT Re September 12, 2017 By L.S. Howard A wave of insurtech startups are entering the re/insurance market – but that’s not necessarily a disruptive trend, according to...