Insured Losses From N. Zealand Floods Estimated at US$1.02B, With Profit Hit Expected March 15, 2023 By L.S. Howard The initial insured losses for the recent floods in the North Island of New Zealand are estimated at NZ$1.65 billion...
Earthquakes Deliver Another Blow to Turkey’s Re/Insurance Industry: Reports February 8, 2023 By L.S. Howard Two powerful earthquakes, which hit southeastern Turkey on Feb. 6, 2023, deliver another blow to the local re/insurance industry, according...
Rising Inflation to Hit Profits of European P/C Insurers: GlobalData August 23, 2022 Rising inflation in Europe, which jumped to 8.9% in July 2022, the highest in 25 years, will hurt the profitability...
Aon-WTW Merger Would Help Boost Industry’s Innovation. Aon CEO Makes the Case. June 18, 2021 By L.S. Howard The enhanced ability to innovate is a principal motivator for Aon’s proposed acquisition of Aon and Willis Towers Watson. It’s...
COVID-19 Will Drive Demand in UK for Bike Insurance: GlobalData August 3, 2020 Bicycle insurance is not a popular product in the UK – but that could be about to change, said GlobalData,...
UK Brokers Rely on Face-to-Face Meetings, Hampering Client Support During Lockdown June 3, 2020 Brokers have been slow to adopt social media and digital technologies as a whole, which is hampering their ability to...
Wimbledon Shows How Pandemic Insurance Could Become Vital for Sports, Other Events April 13, 2020 By L.S. Howard The Wimbledon tennis tournament had the foresight to buy around £1.5 million (US$1.9 million) per year in pandemic insurance following...
How U.S. Insurance Industry Deals Fared in February April 7, 2020 Financial deals in the U.S. insurance industry dropped off 8% during February 2020 compared with the last 12-month average. According...
Global Insurance Industry M&A Total Reached $12.92B in December February 5, 2020 Total insurance industry merger and acquisition (M&A) deals in December 2019 worth $12.92 billion were announced globally, according to GlobalData’s...