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ICA slams Australian government’s meagre risk mitigation budget

Only 3 percent of the federal disasters budget is spent on prevention, the insurance organisation notes.

Bernard Goyder, 03 April 2019
AIG investor seeks greater EGM powers

The insurer wants to block a proposal for shareholders with just 10 percent of the stock to have the right to call extraordinary general meetings.

Bernard Goyder, 03 April 2019
The war of words between Mactavish and the cyber market may end up helping the growing class

They say there is no such thing as bad publicity. Though perhaps this isn’t how the cyber market feels at the moment.

Catrin Shi, 03 April 2019
Arch UK buys up outstanding shares in Axiom Underwriting

The insurer had purchased 60 percent share of the business in 2015.

Anna Sagar, 02 April 2019
Boeing hit by first Ethiopian Airlines liability lawsuit

The lawsuit follows a slew of cases filed against Boeing following last year’s Lion Air disaster.

John Hewitt Jones, 02 April 2019
ProSight expands digital platform

The platform now offers customised coverage to more than 20 new classes of independent professionals.

Christie Smythe, 02 April 2019
Downstream energy insurance dynamics putting jobs at risk

Poor recent loss record and a lack of corrective rate action mean jobs could be lost and capacity cut, Marsh-JLT Specialty has warned.

Laura Sanicola, 02 April 2019
American Family to buy Ameriprise subsidiary for over $1bn

The deal is expected to close in the second half of 2019.

Marissa Page, 02 April 2019
Neon 2468 deepens FY loss as cat exposure grows

The syndicate reports a 119 percent combined ratio as growth in catastrophe-exposed classes results in higher losses for the year.

Catrin Shi, 02 April 2019
Collaboration key to plugging crypto risk knowledge gap: Beazley’s Turk

The D&O specialist calls for a “fail fast” approach to the asset class.

Anna Sagar, 02 April 2019

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