Australian Pensions Industry Boosts Investments in Natural Catastrophe Reinsurance August 12, 2024 By Amy Bainbridge The risks from the growing number of natural disasters offer Australia’s largest pension funds a chance to boost returns. Colonial...
Japan Issued Its First ‘Megaquake’ Warning After Powerful Tremor August 9, 2024 By Shoko Oda An earthquake off the coast of Japan’s southern island of Kyushu prompted the government to issue its first-ever warning for...
Taylor Swift Cancellations Deal Blow to Insurers: Sources August 9, 2024 By Carolyn Cohn and Alexander Hübner Insurers face millions of dollars in claims after a foiled attack forced three Taylor Swift concerts in Austria to be...
Update: Australia’s QBE More Than Doubles First-Half Profit, but Misses Estimates August 9, 2024 By Ayushman Ojha and Rishav Chatterjee Australia’s QBE Insurance Group on Friday reported a more than twofold jump in its first-half profit, boosted by higher income...
Hong Kong’s Insurance Boom Lures Job-Seeking Mainlanders August 9, 2024 By Trista Xinyi Luo Hong Kong is seeing an influx of professionals from mainland China’s finance and tech sectors who are disillusioned with their...
Legacy Acquirer DARAG to Sell North America, Bermuda Units to Fairfax’s RiverStone August 8, 2024 DARAG Group, the Malta-based legacy acquisition company, announced it has agreed to sell its North American and Bermuda business entities...
European Insurers Enjoy Big Profits After Premium Hikes August 8, 2024 By Carolyn Cohn, Tom Sims and Yadarisa Shabong Several European insurers recorded bumper first-half profits on Thursday, as customers burnt by a pandemic, war and a pick-up in...
UK Insurers Pull Back From Offering Cover as Flood Threats Rise August 8, 2024 By Carolyn Cohn Increased flooding in Britain from overflowing rivers and blocked drains is leading insurers to pull back from offering cover, particularly...
UK Insurer Beazley Upgrades 2024 Forecast After H1 Profit Nearly Doubles August 8, 2024 British insurer Beazley upgraded its combined ratio forecast for 2024 on Thursday after first-half pretax profit nearly doubled, boosted by...
Taylor Swift Shows in Vienna Canceled After Terrorism Threat August 8, 2024 By Marton Eder Taylor Swift shows planned for this week in Vienna have been canceled after Austrian police arrested two people on suspicion...