October 2014/3

The (re)insurance industry is in danger of missing out on opportunities if it becomes too fixated on battling with alternative capital, Swiss Re CEO Michel Liès has warned

The insurance sector needs to meet the challenge of European hailstorms as insured values rise and the frequency and severity of events increases, Munich Re said today (20 October) at the Baden-Baden reinsurance meeting

Big three broker Aon is fighting against allegations in the UK Commercial Court that it wrongly removed $242mn of business interruption (BI) cover from a policy for a Lithuanian energy company

RSA has sold all of its Italian branches to Italian mutual insurer ITAS Mutua as it continues streamline operations and strengthen its balance sheet, the group said last week

Lloyd's casualty reinsurance underwriters have warned that clients that reduce their reinsurance spend today will face higher premiums if they return to the market later

Major lead market Ace has stopped writing new cyber liability policies for US retailers following a series of high-profile data breaches, The Insurance Insider understands